FM Nirmala Sitharaman Applauds Indian Customs Role in Economic Growth & Trade Facilitation

Last updated: 19 February 2025


Quick Summary
Finance Minister Nirmala Sitharaman has lauded the Indian Customs department for its crucial contributions to the nation's economic growth and security. Speaking at the International Customs Day celebration, she praised their performance, especially during the COVID-19 pandemic, and urged them to lead globally. Several new digital initiatives were launched to further streamline trade, including an electronic bond system, an online refund facility, and a system for faster goods release for authorised operators.

CBIC celebrates International Customs Day with a focus on Efficiency, Security and Prosperity Hon'ble Finance Minister Nirmala Sitharaman highlights Customs' role in Economic Security and Growth The Central Board of Indirect Taxes and Customs (CBIC) celebrated International Customs Day at Nhava
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FAQ :

The theme for International Customs Day was 'Customs Delivering on its Commitment to Efficiency, Security, and Prosperity'.

The Finance Minister highlighted the essential role of Indian Customs in securing India's economic stability and fostering growth.

The Finance Minister launched 'Ekal Anubandh' (an electronic E-bond and E-bank guarantee facility), an Online Customs Refund facility, and VEGA (Vision for Expeditious Goods Release on Arrival).

'Ekal Anubandh' is an electronic platform designed to replace multiple manual bonds and bank guarantees with a single, streamlined Digital Bond for taxpayers.

VEGA allows Authorised Economic Operator (AEO) entities to directly move their import cargo to their premises for examination, enhancing efficiency and speed.

Yes, 20 officers were awarded WCO Certificates of Merit for their outstanding contributions to various aspects of Customs work, including border protection and modernization.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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