Sandeep Kumar, Commissioner (Customs & EP), Central Board of Excise and Customs (CBEC) and Dr. Sanjaya Baru, Secretary General, FICCI interacted with the participants of a press meet organised by FICCI in association with CBEC and IRU to discuss the benefits and smooth implementation of TIR System in India.
Making his welcome address, Dr. SanjayaBaru, Secretary General, FICCI talked about the benefits of TIR system and said, "TIR plays an important role in trade facilitation and has been a successful model for reducing trade transaction costs and facilitating higher growth of intra-regional and inter-regional trade. He further stated that based on FICCI's vast experience on ATA Carnet management, CBEC has chosen FICCI as National Guaranteeing Association for the operation of TIR System in India. It's a proud moment for FICCI and will be committed to work towards smooth and successful implementation of the system in India.
He also mentioned that given the significance of TIR in boosting regional connectivity, and India's accession to the convention, it is recommended for other BBIN countries to opt for TIR to improve the effective transit procedures among the four countries and by connecting the BBIN region to other world markets. FICCI will extend its maximum support to CBEC to help other BBIN countries to accede to the convention and reap the benefits."
In his special address, Sandeep Kumar said, "The Government is looking at very active participation by the business sector to be able to use this particular convention that India has acceded to. Further he stated that the accession process will be completed on December 16 2017 and planning to ship out first containers from Nhava Sheva to Russia via Iran under TIR by early January 2018."
Nirankar Saxena, Assistant Secretary General, FICCI said, "TIR is one of the successful examples of a Public-Private-Partnership (PPP) model in international trade facilitation and will be a win-win collaboration for customs, FICCI and the business community."
Umberto de Pretto, Secretary General, IRU, said, "The critical role of road transport in transforming economies and the necessary impetus that international trade facilitation conventions, like TIR, can offer in this endeavour, is in clear focus. We look forward to working with CBEC and FICCI on establishing seamless TIR operations for India - to the benefit of trade across the region."
TIR is the only global customs transit system for moving goods across international borders. Supporting trade and development for more than 60 years, it is governed by the United Nations TIR Convention, overseen by the United Nations Economic Commission (UNECE), and managed by IRU, Geneva. TIR stands for "Transports Internationaux Routiers".
One of the most successful international transport conventions, TIR makes border crossings faster, more secure and more efficient, reducing transport costs, and boosting trade and development.
India acceded to the United Nations TIR Convention on June 15 - the Customs Convention on International Transport of Goods under cover of TIR Carnets. FICCI has been appointed by CBEC as National Guaranteeing Association for the operation of TIR System in India similar to ATA Carnet.
TIR will help Indian traders to have access to fast, easy, reliable and hassle free international system for movement of goods by road or multi-modal means across the territories of other contracting parties. It will be a boon to India's trade and aims to integrate the economy with global and regional production networks through better connectivity. It can be an instrument for movement of goods along the International "North-South" Transport (INSTC) Corridor, which India is developing along with Russia.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)