Initiatives to Facilitate Trade and Encourage Non-Adversarial Tax Administration



In the Budget 2014 Honble Finance Minister had announced certain initiatives to facilitate trade and cut trade transaction costs. It is the endeavor of the Indirect Tax administration to facilitate the trade and industry in discharging their tax dues, and simplify procedures for ease of doing business. Some of these initiatives as well as the subsequent actions are highlighted: 24x7 Customs clearances:By 31.12.2014, 24x7 facility for specified export and import goods shall be available at
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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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