24x7 customs clearance at all sea ports, airports till May

Image
Press Trust of India New Delhi
Last Updated : Feb 23 2020 | 3:42 PM IST

To facilitate faster clearance of consignments to and from China once coronavirus subsides, a 24x7 customs clearance facility will be available at all sea ports and airports till May 2020.

The Central Board of Indirect Taxes and Customs (CBIC) has written to all Chief Commissioners (Customs and Central Tax) asking them to immediately workout the arrangement and deployment of sufficient number of officers on 247 basis at sea ports / Air Cargo Stations / Inland Container Depot (ICDs)/ Container Freight Station (CFSs) etc falling in their jurisdiction to tackle any incipient instance of congestion/surge.

In the letter, it said due to ongoing shutdown in China on account of coronavirus outbreak, there is an apprehension of disruption in supply of raw materials/ inputs to our industrial units, which are dependent on these raw materials.There could also be a dip in offtake in exports to China.

"On the contrary, there is a strong likelihood of an immediate surge in the imports from and export to China, once the spread of the virus is brought fully under control.

"To handle such emergent situations, necessary steps need to be taken in advance. CBIC has, therefore, decided to introduce 247 clearance atall the Customs formations,so as to address any congestion or delay or surge on account of the prevailing conditions or cessation thereof," the CBIC said.

Currently, 24x7 customs clearance facility is available at designated sea ports and airports. With the recent directive, all customs formations would remain operational 24x7 till May 2020.

The CBIC said it expects thedisruptions in the supply chains to settle by May.

"CRCL (Central Revenues Control Laboratory) labs would also function 247 so that test results could be made available at the earliest," it added.

China is a key trading partner of India. The bilateral trade between India and China has dipped to USD 87 billion in 2018-19 from USD 89.71 billion in 2017-18.

While India's exports stood at only USD 16.75 billion in 2018-19, imports aggregated at USD 70.31 billion. The trade deficit between the countries was USD 53.57 in 2018-19. India is pushing hard to boost exports to bridge this ballooning trade gap.

The death toll from China's coronavirus epidemic rose over 2,200, with over 75,400 confirmed cases.

The coronavirus outbreak originated in central China's Hubei province in December last year and has spread to several countries.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 23 2020 | 3:42 PM IST

Next Story