India is pushing for speedy implementation of a globally networked customs (GNC) platform, which envisages an interconnected customs-to-customs information sharing system.
The World Customs Organisation (WCO) is set to decide this month on India's plan on GNC for transition from concept to reality by conducting a pilot project.
The Central Board of Excise and Customs (CBEC) made a presentation to the GNC Adhoc Group of WCO in April this year, which accepted the model suggested by Indian customs as the way forward.
The main advantage of GNC would be the facilitation of international trade through access to data available with other countries in the supply chain.
This would improve national risk analysis and is expected to raise the effectiveness and efficiency of important clearances.
For traders, the advantages of GNC would include facilitation for import and export through streamlining of information exchanges between concerned customs organisations and reduction in transaction costs by potentially dispensing with the production of the same information to multiple administrations.
When implemented in all its dimensions, GNC has the potential to fundamentally change the way customs administrations have so far interacted - seamless and efficient customs-to-customs, customs-to-business and business-to-business
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