Customs Current Affairs, GK & News

Cabinet approves Agreement between India and UK on Customs Cooperation

On April 28, 2021, the Union Cabinet chaired by Prime Minister Narendra Modi approved the agreement signed between Government of India and the Government of UK. The agreement was signed on Customs Cooperation and Mutual Administrative Assistance in Customs matters. India and UK have been signing several trade related agreements after the latter moved out ..

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National List of Intangible Cultural Heritage of India launched

On April 18, 2020, the Union Minister of culture Shri Prahlad Singh Patel launched the National List of Intangible Cultural Heritage. The list is to include 13 elements that are already included in UNESCO Representative list of Intangible Cultural Heritage of Humanity. Highlights The initiative is a part of Vision 2024 of Ministry of Culture. ..

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‘ICEDASH’ IT initiative launchs as an Ease of Doing Business (EODB) monitoring dashboard of Indian Customs

Union Finance Minister Nirmala Sitharaman has recently launched two new IT Initiatives – ICEDASH and ATITHI – for improved monitoring and pace of customs clearance of imported goods and facilitating arriving international passengers. ICEDASH is an Ease of Doing Business (EODB) monitoring dashboard of the Indian Customs that allows public see and compare import clearance ..

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Ministry of Finance conducts India’s first national Time Release Study (TRS)

The Department of Revenue under the Ministry of Finance is conducting India’s first national Time Release Study (TRS) between 1st – 7th August to enable faster movement of cargo across borders to benefit traders. The exercise will be institutionalized on an annual basis, during the same period every year hereafter. The TRS is an internationally ..

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National Time Release Study

For the first time the Ministry of Finance conducting national Time Release Study (TRS) as part of its strategic commitment for improving global trade. Time Release Study TRS is an internationally recognized tool advocated by World Customs Organization to measure the efficiency and effectiveness of international trade flows. The initiative on the ground is lead ..

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