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
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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.
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