While appreciating the
elimination of physical documents for customs clearance, Mr. Gopal Jiwarajka,
President, PHD Chamber of Commerce and Industry said that this is a great move
and it will boost the sentiment of the exporters and importers, and foster ease
of doing business at ground.
The submission of paper
documents such as GAR 7 forms / TR 6 Challans, Trans-Shipment Permit (TP),
Shipping Bill (exchange control copy and export promotion copy) and Bill of
entry (exchange control copy) to Banks/DGFT/Customs ports etc. has been
completely eliminated, and will become operational from December 1, 2016.
India ranked 143rd on
trading across border parameter in the ease of doing business ranking
2017. With the implementation of this
move, we expect a significant improvement in India’s ranking in ease of doing
business going forward, said Mr. Gopal Jiwarajka
India’s exports grew by
9.59% during October 2016 with the various drastic reforms undertaken by the
government. We look forward for the continuity in the performance of exports
further added Mr. Gopal Jiwarajka.
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