All about Electronic Cargo Tracking System of Customs - PowerPoint PPT Presentation

About This Presentation
Title:

All about Electronic Cargo Tracking System of Customs

Description:

Electronic Cargo Tracking System India has been working towards improving coordinated border management. Its open trade policies play a key role in sustaining the country’s development. However, the cross-border transit and management has been historically plagued by various issues such as delays due to congestion, logistics and infrastructure challenges, transit diversion, high administrative costs and poor information sharing between partner States. – PowerPoint PPT presentation

Number of Views:5
Slides: 5
Provided by: taxguru1
Category:
Tags:

less

Transcript and Presenter's Notes

Title: All about Electronic Cargo Tracking System of Customs


1
All about Electronic Cargo Tracking System of
Customs
2
  • Electronic Cargo Tracking System India has been
    working towards improving coordinated border
    management. Its open trade policies play a key
    role in sustaining the countrys development.
    However, the cross-border transit and management
    has been historically plagued by various issues
    such as delays due to congestion, logistics and
    infrastructure challenges, transit diversion,
    high administrative costs and poor information
    sharing between partner States.
  • CBIC has been instrumental in adopting
    innovative technology solutions including the
    Electronic Cargo Tracking System (ECTS) to
    obliterate these bottlenecks and minimise
    barriers to trade in its neighbouring region.
    Introduction to ECTS technology through Circular
    No. 52/2017-Customs dated 22.12.2017 to
    facilitate movement of containerized cargo from
    Inland Container Depots (ICDs)/Container Freight
    Stations (CFS) to Bangladesh and Nepal provided
    significant dividends to both Trade and Customs
    controls.
  • Additionally, Circular No. 42/2018-Customs dated
    02.11.2018 prescribed a procedure for a pilot on
    Transshipment of Export Cargo from Bangladesh to
    third countries through Land Customs Stations
    (LCSs) to Kolkata Port/ Airport, in containers or
    closed bodied trucks by adopting ECTS.

3
  • Furthermore, for enhanced facilitation of
    transportation of Nepal bound transit containers
    from Kolkata/ Haldia and Vishakhapatnam port,
    CBIC has notified the Transshipment of Cargo to
    Nepal under Electronic Cargo Tracking System
    Regulations, 2019 (as amended) to utilize ECTS
    system for securing and monitoring the
    traffic-in-transit.
  • Under the improved mechanism, the need for
    Nepalese traders to seek permission and file
    transit declaration has been done away with.
    Recently, vide Circular No. 08/2022-Customs dated
    17.05.2022, ECTS has also been utilized for
    enabling exports from Bangladesh to India
    destined for clearance at hinterland ICDs.
  • Furthermore, to augment multi-modal connectivity
    and leverage the bilaterally agreed inland
    waterways routes under the Protocol on Inland
    Water Transit and Trade (PIWTT) between India and
    Bangladesh, Circular No. 17/2022-Customs dated
    09.09.2022 and No. 19/2022-Customs dated
    14.09.2022 prescribe ECTS of containerized cargo
    transported using inland waterway routes from
    India to Bangladesh as well as transit of
    Bangladeshs exports to third countries.

4
  • On the domestic front too, CBIC has successfully
    launched an ECTS based pilot project backed by
    block chain technology for tracking movement of
    imported goods from Customs port to warehouse at
    ICD Tughlakabad. Phased roll out is
    underway.Advantages of Integrating ECTS with
    Customs Procedures
  • (a) Bring state-of-art supply chain security in
    transport through real-time GPS tracking
  • (b) Reduced waiting time for vehicles at Customs
    ports
  • (c) Elimination of traffic congestion at the
    Customs stations/land borders
  • (d) Substantial reduction in the transit time
  • (e) Significant reduction in costs (transaction
    and administrative). (Updated as on November 2022
    Source- CBIC)
  • Tags CBIC, Custom Duty NotificationsRead more
    at https//taxguru.in/custom-duty/electronic-carg
    o-tracking-system-customs.htmlCopyright
    Taxguru.in
Write a Comment
User Comments (0)
About PowerShow.com