Quick Summary
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters. Benefits The Agreement will help in making available, reliable, quick and cost-effective information and int
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Union Cabinet has approved the signing of an Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters.
The agreement will provide reliable, quick, and cost-effective information and intelligence to prevent and investigate customs offences, apprehend offenders, and facilitate legitimate trade.
Information will be shared for the correct assessment of customs duties, including customs value, tariff classification, and origin of goods. It will also cover the authenticity of supporting documents and illicit movement of specific goods.
The agreement covers illicit movement of arms, ammunition, explosives, works of art and antiques of historical/cultural value, toxic and dangerous materials, goods with substantial duties, and new methods used in customs offences.
By providing a legal framework for information sharing and proper administration of customs laws, the agreement will help in detecting offences and facilitating legitimate trade.
CAclubindia
