TNPSC Current Affairs 2017 March 8

TNPSC Current Affairs March 2017

Union Cabinet approves India's accession to global customs convention

Union Cabinet has given approval for accession to the 'Customs Convention on International Transport of Goods' which will help in faster movement of export goods.  The union Cabinet was chaired by Prime Minister Narendra Modi

It will help traders to get easy, fast, reliable, hassle free international system for movement of goods by road or multi-modal means across the territories of other contracting parties. By official statement.

About Customs Convention on International Transport of Good

The Customs Convention on International Transport of Goods under cover of TIR Carnets, 1975, TIR is an international transit system under the United Nations Economic Commission for Europe to facilitate the movement of goods among the parties to the convention. Currently there are 70 members.

By joining the convention, inspection of goods at intermediate borders as well as physical escorts can be prevented due to reciprocal recognition of customs controls.

It also helps to avoid the congestion in ports because it makes customs clearance to take place in customs location, which will avoid clearance in border crossing point.

Convention also ensure enhanced security in supply chain as it allow only the recognised transporters and vehicles are allowed to operate

  

Benefits under TIR

Any movement under TIR will check only the seal and outer condition of load or container which reduce the time delay in borders , transaction cost, transport cost, which will increase the growth in trade and transport sectors