FM: Dynamic nature of Indian economy & availability of technology tools has impacted functioning of all Departments including nature of Tax Adminis.

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley said that dynamic nature of the Indian economy and availability of technology tools has impacted the functioning of all the Departments including the nature of Tax Administration. The Finance Minister said that there are two major challenges before the Customs Administration today which include that of trade facilitation and sharp detection & enforcement to avoid any tax evasion. Shri Jaitley said that there is also a challenge to keep a balance between these two dichotomic functions where the experience of tax authorities come to their rescue.

The Finance Minister, Shri Jaitley expressed confidence that CBEC would take necessary steps to ensure that India's ranking in trade across borders would improve substantially. On the occasion, the Finance Minister, Shri Jaitley also released two IT tools of the Customs Department i.e. ICETRAK, and ICETAB, developed by the CBEC to provide an easy way for trade to track their consignments and for providing other important information and updates. Earlier, the Minister of State for Finance, Shri Shiv Pratap Shukla, in his address complimented the role of Customs in implementing GST in record time, in securing our international borders and for facilitating trade and international passengers at airports. The Finance Secretary, Dr. Hasmukh Adhia congratulated the Department for smooth implementation of GST and adoption of new technology. He underlined the important role of Customs in further improving the nation's ranking in trading across borders while appreciating the enhanced adoption of technology and keeping a pace with latest technology in their business processes.

Ms Vanaja N. Sarna, Chairperson, CBEC highlighted the recent Key Initiatives taken by Customs for enhancing trade facilitation in line with the Action Plan for implementing the Trade Facilitation Agreement of the WTO ratified by India and in alignment with ease of doing business at the highest levels of government.

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