SME Times News Bureau | 24 Sep, 2020
of Customs, Nhava Sheva, Mumbai, Sunil K Mall, said that total indicator reading (TIR) will help improve trade between India, Central Asia & CIS countries.
will facilitate intermodal transport and act as enabling document to cross
multiple international borders without any additional checks," he
a webinar Mall added that TIR
will further help to improve trade between India, Central Asia & CIS
Raphael Hirt, IRU, Geneva said, "The International Road Transport Union was very pleased to
acknowledge the interest shown by Indian exporting industry towards the TIR
procedure, especially the efforts made by CBIC, FICCI and FFFAI to promote this
trade facilitation tool," he said.
"IRU will continue
to support all stakeholders involved in the implementation of TIR and its
electronic version ? eTIR in India. This will enable trade actors and Customs
to benefit fully from the immense advantages provided by the TIR Convention
which includes simplification of border crossing procedures, reduction of time
and cost for the international movements of goods," he added.
sharing his experience as the first TIR holder in India Mr Shankar Shinde,
President-Elect, FFFAI said, "Customs procedures in India should be
further simplified under TIR to benefit large traders and exporters in India."
webinar was also attended by freight forwarding and shipping companies,
exporters from various sectors, fair and exhibition organizers. The experts
discussed issues involved with respect to temporary imports of goods.
TIR aims to facilitate the
international transport of goods under customs seal with a maximum
The system provides a guarantee
covering the customs taxes and duties at risk which is required to pass transit
countries and provides a balance between the responsibilities of the customs
authorities and the international business community.
It prevents delays in border
crossing operations- by minimizing the formalities decreases the transportation
costs, as a result, encourages the development of international trade.