Cabinet approves agreement between India and Jordan on Customs Matters

The Union Cabinet has approved signing and ratifying Agreement between India and Jordan on Cooperation and Mutual Administrative Assistance in Customs Matters. It will help in availability of relevant information for prevention and investigation of Customs offences. It is also expected to facilitate trade and ensure efficient clearance of goods traded between countries.

Key Facts

The Agreement will provide legal framework for sharing of information and intelligence between Customs authorities of two countries and help in proper application of Customs laws, prevention and investigation of Customs offences and facilitation of legitimate trade.

Background

The draft text of Agreement was finalized with concurrence of Customs Administrations of both countries. It takes care of Indian Customs’ concerns and requirements, particularly in area of exchange of information on correctness of Customs value, tariff classification and origin of goods traded between two countries.

Month: Current Affairs - March, 2018