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SWIFT approach to Ease of Doing Busine

SWIFT approach to Ease of Doing Busine
Highlights

SWIFT is envisaged to help India improve its ranking in World Bank’s Doing Business Report 2016. India now ranks 130 out of 189 countries in the Ease...

In line with the Budget announcement made by the Union Finance Minister and as part of the “Ease of Doing Business” initiatives, the Central Board of Excise and Customs (CBEC) launched the Customs’ SWIFT (Single Window Interface for Facilitating Trade) Clearances Project with effect from 1st April 2016.

SWIFT is envisaged to help India improve its ranking in World Bank’s Doing Business Report 2016. India now ranks 130 out of 189 countries in the Ease of Doing Business, moving-up four places from last year’s (2015) adjusted ranking of 134.The Customs’ SWIFT enables importers/exporters to file a common electronic Integrated Declaration’ on the Indian Customs Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway i.e. ICEGATE portal.

The Integrated Declaration compiles the information requirements of Customs, FSSAI, Plant Quarantine, Animal Quarantine, Drug Controller, Wild Life Control Bureau and Textile Committee. It replaces nine separate forms required by these 6 different agencies and Customs.

With the roll-out of the Single Window, CBEC has also introduced an Integrated Risk Management facility for Partner Government Agencies (PGAs), which will ensure that consignments are not selected by agencies routinely for examination and testing, but based on the principle of risk management.

It will also help the participating agencies in handling their respective work areas (related to human and animal health, bio-safety and environment safety) more effectively. With this development today, Indian Customs is amongst the few select countries in the world that have functional Single Window clearances, inclusive of multiple PGAs and integrated risk based selection.To introduce the Single Window and the ‘Integrated Declaration’, IT Systems of both the Government Departments and private sector agencies had to be changed.

How will SWIFT help: It will provide a single point interface for clearance of import goods; Replaces 9 separate documents with one Integrated Customs Electronic Declaration; Facilitates trade by reducing Dwell Time & improving Ease of Doing Business; Reduces Documentation & Cost of Clearance; and brings 6 participating Government agencies on a single platform; Eliminates need for tax-payers to interact separately with these agencies.SWIFT will indeed go a long way in order to take the new trade facilitation initiatives of the present Government to new heights in times to come.

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