Tuesday, May 17, 2022
News

India, Spain sign agreement on customs intelligence, investigations

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Friday, 2022 3:15:07 AM IST
Now, it will be difficult for Indian customs offenders to take refuge in Spain as the Union Cabinet on Thursday approved the agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters.

The Agreement will help in making available, reliable, quick, and cost-effective information and intelligence for the prevention and investigation of customs offenses and apprehending of offenders. It would provide a legal framework for sharing of information between the customs authorities of the two countries and help in the proper administration of customs laws and detection and investigation of customs offenses and the facilitation of legitimate trade.

The agreement has provisions like the correct assessment of customs duties, especially information pertaining to the determination of the customs value, tariff classification, and the origin of the goods traded between the two countries, the authenticity of any document produced in support of a declaration (such as certificate of origin, invoices, etc.) made to the requesting authority, customs offences concerning the illicit movement of arms, ammunition, explosives and explosive devices, works of art and antiques, which are of significant historical, cultural of archeological value, toxic materials and other substances dangerous to the environment and public health,goods subject to substantial customs duties or taxes, and new means and methods employed for committing customs offenses against customs legislation.

--IANS nimish/vd

( 231 Words)

2022-01-06-21:06:05 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Magic EdTech achieves ISO 27001:2013 cer...
IISc and TalentSprint forge ahead in the...
Kerala rights body pulls up LSG for not ...
Xiaomi India paid Rs 4,663 cr to Qualcom...
The Institute of Professional Banking (I...
HarperCollins is proud to announce the r...
More...
 
INDIA WORLD ASIA
Rainfall, light to heavy, to continue ov...
12-year-old girl forcibly married to 35-...
CPI(M-L) wants Left unity in Bengal sans...
Rahul's jibe at regional parties critici...
Gyanvapi Masjid case: Shivling claim 'at...
Goa's talent shouldn't go 'out': CM Sawa...
More...    
 
 Top Stories
IISc and TalentSprint forge ahead i... 
SC directs ED to interrogate TMC le... 
Ramayana fame Ashok Vatika faces fi... 
IWL: Gokulam Kerala to lock horns a... 
Parcos announces its first Parcos S... 
Aryav showcase air water generator ... 
Taliban dissolve Human Rights Commi... 
'It happens only in India': Chirag ...