SME Times is powered by   
Search News
Just in:   • India's industrial, logistics real estate sector grows 28 pc in 9 months this year  • Gold, silver hit record highs as global uncertainty fuels demand  • India emerging as global AI leader with visionary policies: FM Sitharaman  • India’s travel economy hits Rs 2.3 lakh crore, and it’s just the beginning: Gajendra Singh Shekhawat  • PM Gati Shakti stands as cornerstone in journey towards ‘Viksit Bharat’: Piyush Goyal 
Last updated: 24 Sep, 2020  

Handshake.9.Thmb.jpg TIR to improve trade India-Central Asia trade: Official

Handshake.9.jpg
   Top Stories
» Gold, silver hit record highs as global uncertainty fuels demand
» India emerging as global AI leader with visionary policies: FM Sitharaman
» GST portal opens for filing annual returns GSTR-9 and GSTR-9C for FY24-25
» India’s IPO market poised to raise $20 billion in next 12 months
» PM Modi meets Keir Starmer in Mumbai for strengthening India-UK ties
SME Times News Bureau | 24 Sep, 2020

Commissioner of Customs, Nhava Sheva, Mumbai, Sunil K Mall, said that total indicator reading (TIR) will help improve trade between India, Central Asia & CIS countries.

"TIR will facilitate intermodal transport and act as enabling document to cross multiple international borders without any additional checks," he said.

Address a webinar Mall added that TIR will further help to improve trade between India, Central Asia & CIS countries.

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.

While 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."

The 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 coverage. 

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.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter