https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

CBIC Celebrates International Customs Day with a Focus on Efficiency, Security, and Prosperity

Hon’ble Finance Minister Smt. Nirmala Sitharaman underscored the vital role of Indian Customs in securing economic stability and fostering national growth.
Indian Masterminds Stories

The Central Board of Indirect Taxes and Customs (CBIC) celebrated International Customs Day at Nhava Sheva, Mumbai, with the theme “Customs Delivering on its Commitment to Efficiency, Security, and Prosperity.” The event saw the presence of Hon’ble Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, Hon’ble Minister of State for Finance, Shri Pankaj Chaudhary, the Finance and Revenue Secretary, the Chairperson of CBIC, and various industry stakeholders.

Finance Minister Emphasizes Customs’ Role in Economic Growth

In her address, Hon’ble Finance Minister Smt. Nirmala Sitharaman underscored the vital role of Indian Customs in securing economic stability and fostering national growth. She praised the Customs Department for its remarkable service during the COVID-19 pandemic and expressed confidence in maintaining these high standards. She further urged CBIC to take a leadership position in the global Customs community within the World Customs Organization (WCO) and align its vision with Viksit Bharat 2047.

Hon’ble Minister of State for Finance, Shri Pankaj Chaudhary, acknowledged the crucial role of Customs in ensuring economic security and promoting manufacturing and exports. He highlighted various digital initiatives aimed at enhancing Customs processes, improving trade facilitation, and supporting India’s economic growth.

The Finance and Revenue Secretary highlighted significant advancements in technology, which have resulted in reduced dwell time for cargo at Indian ports and airports. He emphasized that the ministry has taken proactive steps to eliminate trade bottlenecks and enhance the competitiveness of Indian industries.

The Chairman of CBIC, in his address, showcased various digitization initiatives undertaken by Indian Customs. He reiterated CBIC’s commitment to launching more trade-friendly initiatives to facilitate ease of doing business.

Launch of Digital Initiatives for Trade Facilitation

As part of the International Customs Day celebrations, Hon’ble Finance Minister Smt. Nirmala Sitharaman inaugurated several key digital initiatives aimed at improving efficiency and facilitating trade:

  • ‘Ekal Anubandh’ – A Digital Bond & E-Bank Guarantee System: This electronic platform replaces multiple manual bonds and bank guarantees with a single, streamlined digital bond. This initiative simplifies procedures and significantly reduces paperwork for taxpayers.
  • Online Customs Refund Facility: The newly launched system ensures fully digitized refunds with direct transfers to taxpayers’ accounts, expediting the refund process and enhancing efficiency.
  • VEGA (Vision for Expeditious Goods Release on Arrival): Designed to accelerate import clearance, this initiative enables Authorized Economic Operator (AEO) entities to move import cargo directly to their premises, where customs examination will be conducted. This reform is expected to reduce clearance delays and enhance trade efficiency.

Honoring Excellence in Customs Services

Recognizing outstanding contributions to Customs operations, the World Customs Organization (WCO) Certificates of Merit were awarded to 20 officers. These officers were honored for their dedication in safeguarding India’s borders against illicit trade, including the smuggling of drugs, gold, red sanders, and counterfeit goods. Their contributions to tax policy, process modernization, export promotion, and international cooperation were also acknowledged.

The event reaffirmed CBIC’s commitment to leveraging technology, streamlining customs operations, and strengthening India’s position in the global trade ecosystem. The digital initiatives launched today are expected to play a crucial role in driving India’s vision of economic growth and trade facilitation.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
Devendra Kumar Tiwari Alka Tiwari  IAS Jharkhand
First IAS Couple in India to Hold Both Chief Secretary & State Election Commissioner Posts Consecutively - Know This Powerful Pair
Policing, Trust, and Investment: Insights from IPF - Indian Masterminds
Indian Police Foundation Marks 10 Years, Discussion on How Policing Builds Investor Confidence
Madhya Pradesh football training
Mini Brazil to Germany: Vicharpur’s Young Footballers Get CM Mohan Yadav’s Blessings on Vijayadashami Week
bureaucracy news
Centre Announces Key Bureaucratic Appointments & Deputation Extensions: Neeraj Surendran, Arun G, Anand Mohan Among Key Names
PM Modi CM Nitish Kumar
Bihar Receives Rs. 10,219 Crore from Centre: A Festive Gift On Vijayadashami to Fuel Development & Welfare, Backed by GST Reforms
Chhattisgarh government
Chhattisgarh CM Charts Development Roadmap: Push for Capital Expenditure, Biometric Attendance, & Transparent Governance
Vishnu Deo Sai CM
Chhattisgarh Gets Rs. 3,462 Crore Boost from Modi Government: Here's How CM Sai Pledges To Spend It!
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
ADVERTISEMENT
UPSC Stories
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Giriraj Parihar MPPSC 2024
From Constable to Deputy Collector: Giriraj Parihar’s 9-Year MPPSC Journey | Farmer’s Son, Brother to Five Sisters
From a jail guard to MPPSC 2024 Rank 8, Giriraj Parihar’s nine-year journey of self-study, hard work,...
Ankit MPPSC 2024 Rank 3
From Village Dreams to Deputy Collector’s Chair: Meet Ankit, MPPSC Rank 3 Hindi Medium Topper
Ankit, a Hindi-medium aspirant from Balaghat, secured Rank 3 in MPPSC 2024 and became Deputy Collector...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
Devendra Kumar Tiwari Alka Tiwari  IAS Jharkhand
First IAS Couple in India to Hold Both Chief Secretary & State Election Commissioner Posts Consecutively - Know This Powerful Pair
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
Dr. S.K
ADVERTISEMENT
ADVERTISEMENT