Financial Daily from THE HINDU group of publications
Saturday, Aug 06, 2005
Financial Daily from THE HINDU group of publications Saturday, Aug 06, 2005 |
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Government
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Policy Industry & Economy - Excise and Customs Cabinet nod for Customs co-operation pact with China Our Bureau
New Delhi , Aug 5 THE Union Cabinet has given its ex-post-facto approval for signing a Customs co-operation and mutual assistance agreement with China. The agreement would help in the availability of reliable, quick, and cost-effective information and intelligence for the prevention and investigation of Customs offences, the Union Information and Broadcasting Minister, Mr Jaipal Reddy, told newspersons after the Cabinet meeting. As per the agreement, the two sides would share information and intelligence to ensure proper application of Customs laws, and the prevention, investigation, and combating of Customs offences. The information or assistance would in particular relate to enabling the detection of false declarations with regard to value, description and origin of goods; authenticity of any official documents in support of a declaration made before the Customs authorities; and new Customs law enforcement techniques.
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