00:00I propose many measures for custom processes to have minimal intervention for smoother and
00:06faster movement of goods and greater certainty to the trade. Trust-based systems. I propose to
00:14enhance duty deferral period for Tier 2 and Tier 3 authorised economic operators, known as AEOs,
00:22from 15 days to 30 days. I propose to provide eligible manufacturer importers the same duty
00:30deferral facility. This should encourage them to get themselves accredited as a full-fledged Tier 3 AEO
00:40in due course. To provide greater certainty and for better business planning, I propose to extend
00:48validity period of advanced ruling binding on customs from the present 3 years to 5 years.
00:56In the spirit of the whole of government approach,
01:05government agencies will be encouraged to leverage AEO accreditation for preferential treatment in
01:13clearing their cargo. Regular importers with trusted long-standing supply chains will be recognised in
01:22the risk system so that the need for verification of their cargo every time can be minimised. Export cargo
01:29using electronic sealing will be provided through clearance from the factory premises to the ship.
01:44For import of goods not needing any compliance, filing of bill of entry by a trusted importer and arrival of
01:53goods will automatically notify customs for completing their clearance formalities.
01:59This will enable goods to be released immediately on arrival. The customs warehouse framework will be
02:06transformed into a warehouse operator-centric system with a self-declarations, electronic tracking,
02:13and risk-based audit. These reforms will move away from the current system of officer-dependent approvals and
02:22reduce transaction delays and compliance costs.
02:25Ease of doing business. Approvals required for cargo clearance from various government agencies will be
02:37seamlessly processed through a single and interconnected digital window by the end of the financial year.
02:43The processes involved in clearance of food, drugs, plant and animal and wildlife products accounting for about 70% of
02:55interdited cargo will be operationalised on this system by April 2026 itself. For goods not having any compliance requirement, clearance will be done
03:08by customs immediately after online registration is completed by the importer subject to the payment of duty.
03:18Customs integrated system will be rolled out in two years as a single integrated and scalable
03:25platform for all customs processes. Utilisation of non-intrusive scanning with advanced imaging and AI technology for risk
03:37assessment will be expanded in a phased manner with the objective to scan every container across all the major ports.
03:47New export opportunities to support Indian fishermen to fully harness the economic value of marine resources beyond our
03:59territorial waters. The following measures will be taken. A fish catch by an Indian fishing vessel in exclusive economic zone or on the high seas will be made free of duty.
04:14The landing of such fish on foreign ports will be treated as export of goods.
04:25Safeguards will be put in place to prevent misuse during fish catch, transit or transshipment.
04:33To support aspirations of India's small businesses, artisans and start-ups to access global markets through e-commerce,
04:41I am pleased to announce complete removal of the current value cap of 10 lakh rupees per consignment on courier exports.
04:52In addition,
04:54handling of rejected and returned consignments will be improved with effective use of technology for
05:01identifying such consignments.
05:03I propose to revise provisions governing baggage clearance during international travel to address
05:11genuine concerns of passengers.
05:14The revised rules will enhance duty-free allowances in line with the present-day travel realities
05:21and provide clarity in temporary carriage of goods brought in or taken out.
05:28There are honest taxpayers who are willing to settle disputes by paying all their dues,
05:34but they get deterred due to negative connotation associated with penalty.
05:42They will now be able to close cases by paying an additional amount in lieu of penalty.
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