TNPSC Current Affairs May 17, 2017
Cabinet approves Agreement with Tajikistan on Cooperation and Mutual Assistance in Customs Matters
The Union Cabinet has given its nod for signing and ratifying, an agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters.
The Agreement will help in getting relevant information for the prevention and investigation of Customs offences, and also to facilitate trade and ensure efficient clearance of goods traded between both India and Tajikishtan.
- It will provide a legal framework for sharing information between the customs authorities of both India and Tajikistan.
- It helps in proper application of customs laws, prevention and investigation of customs offences and helps on proper trade.
- It also takes care of Indian Customs' concerns and requirements,in the area of exchange of information on the correctness of the Customs value declared, origin of goods and the tariff classification of the goods traded between both India and Tajikistan.