Quick Summary
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the signing and ratification of an Agreement between the Government of Republic of India and the Government of the United Kingdom of Great Britain and Northern Ireland on Customs Cooperation and Mutual Administrative Assistance
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FAQ :
The Cabinet has approved the signing and ratification of an Agreement on Customs Cooperation and Mutual Administrative Assistance in Customs Matters between the Government of India and the Government of the United Kingdom of Great Britain and Northern Ireland.
The agreement's main purpose is to facilitate the availability of relevant information for the prevention and investigation of Customs offences, and to facilitate trade and ensure efficient clearance of goods.
It will provide a legal framework for sharing information and intelligence between the customs authorities of both countries, helping in the proper application of customs laws and the investigation of offences.
The agreement will enter into force on the first day of the month following its signature by authorised representatives of both parties.
The agreement specifically addresses concerns regarding the exchange of information on the correctness of customs value, tariff classification, and origin of goods traded between India and the UK.
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