Tuesday, July 17, 2018

Trading across borders, now simpler and faster

Major reforms that are transforming trade scenario in India.

Custom clearance facility is now available 24*7 at major ports, allowing the clearance of consignments round the clock.

All documents are now accepted in electronic format, thereby removing the requirement of physical copies and leading to reduction in overall time and cost.

e-SANCHIT application enables electronic submission of all supporting documents for clearance of consignments, reducing the physical interface between Government agencies and trading community.

 Port Community System, a centralized web based message exchange platform for the Indian Maritime Community, now provides facilities for e-Payment, e-Invoice, and e-Delivery Order. Use of this facility reduces overall time taken in flow of documents required for maritime trade.

Risk Management System (RMS) has been implemented in major ports & airports of India , enabling selective scrutiny of consignments . Now , more than 80 % of consignments get cleared without any inspection.

 Majority of shipping lines are currently issuing e-Delivery Orders, thereby eliminating need for visiting their office in person.

With commencement of Phase 1 of the Fourth Container Terminal at Jawaharlal Nehru Port Trust (JNPT), capacity of 2,400,000 containers has been added to JNPT.

 Adoption of Direct Port Delivery (DPD), for imports, at JNPT has increased from 27 % to 40 % over the last one year . Dwell time at JNPT has drastically reduced as containers can be picked up directly from the port.

Direct Port Entry ( DPE ) for exports is now availed by more than 80 % of exporters at JNPT, thereby reducing the overall time taken for exports.

RFID enabled e-seals introduced for self-sealing of export containers.