Indian custom brokers promoting EXIM trade: FFFAI

The International Federation of Customs Brokers Associations (IFCBA) recently celebrated 30th anniversary and organized a conference focusing on the World Customs Organization (WCO) study review of the Harmonized System of Tariff Classification. Customs brokers from 12 countries namely Asia, North and South America, the Caribbean, and Africa, participated. FFFAI also participated in this important meet. Representing FFFAI, its Executive Committee Member Vikrant Gogia made a presentation at the IFCBA Conference to highlight the recent developments in Indian Customs with active collaboration from the pan India apex body FFFAI. He also shared that Indian Customs Act 1962 completes its 60 years and FFFAI shares the common Diamond jubilee year celebration. Gogia emphasised on the Indian Customs various facilitation measures along with IT and faceless transaction initiatives, which include Electronic Cash Ledger, Anonymized Escalation Mechanism, Electronic Cargo Tracking System, Customs Brokers Licensing Management Portal, Turant Customs, E-Sanchit, Authorised Economic Operators, Direct Port Delivery, etc, which ensure Ease of Doing Business in line of the Government of India’s mission. With a transparent and trust-based system in place, Indian Customs and Customs Brokers in India working as partners to promote the EXIM trade in the country. FFFAI is constantly in dialogue through its recommendations and working together with the Indian Customs and Government of India for achieving the set target of $5 trillion economy by 2025. The audience representing different countries from across the world strongly applauded the developments pertaining to ease of Customs Clearance and Customs Broking Business in India.