Facilitation of Trade Relations and People to People contact between India, Bangladesh, Bhutan and Nepal

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Facilitation of trade relations between Bangladesh, Bhutan, India and Nepal (BBIN) initiated from September 5, 2016

The Central Board of Excise and Customs vide F. No.296/07/2016-CX.9 dated September 5, 2016 has issued press release on facilitation of trade relations and people to people contact between the BBIN countries initiated w.e.f. September 5, 2016, which is as follows-

A new chapter in Customs Cooperation between India, Bangladesh, Bhutan and Nepal was opened from September 5, 2016, as a cargo laden truck of Bangladesh of readymade garments rolled into Customs Inland Container Depot, Patparganj, Delhi. Though the vehicle entered India through Petrapole Land Customs Station, the customs clearance is being done at ICD, Patparganj. The vehicle was affixed with GPS tracking equipment at Petrapole and the cargo was sealed electronically. This helped in live tracking of the vehicle as it moved from Petrapole to New Delhi, with an alert mechanism in any tampering of the cargo container. This also marks the first step by Indian Customs at adopting cutting edge technology in facilitating and securing transhipment of import cargo.

This is part of a trial run under a Motor Vehicles Agreement for the Regulation of Passenger and Cargo Vehicular Traffic (MVA) which was signed between (BBIN) on June 15, 2015 by the Hon’ble Transport Ministers of the four countries. Further, the MVA allows cargo vehicles registered in any one of the BBIN countries to cross borders and enter any of the other BBIN countries, along agreed routes. Consequently, border congestion is reduced and trade can clear cargo at a location proximate to them. Such seamless movement can help in faster and cheaper movement of goods. As the MVA also covers movement of passenger vehicles, it will deepen people-to-contact and boost tourism.

 

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/press-release/BBIN-countries-press-release-05-09-2016.pdf

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