Published in:
The Economic Times
Pubished on:
26 Dec 2015
The plan under discussion entails scrapping testing of each food consignment and switching to a system of random checks.
The new plan will be on the lines of the Accredited Client Programme in customs that allows importers assessed as highly compliant assured facilitation in clearances by the risk-management system. "This could bring down the transaction cost by 1-2%," said Ajay Sahai, director general and CEO of the Federation of Indian Export Organisations.