Single window clearance system for traders on the anvil

Source: PTI

The government would soon set up a single window system for clearance of import and export documents with a view to improve ease of doing business, a senior official said today. The Commerce and Industry Ministry is engaged with the Finance Ministry in this regard. "Currently traders have to run from one department to other. Under the single window project, importers and exporters would have to lodge their clearance documents at a single point only," the official said. The move will help traders as they will have to fill a single application and that will travel to the concerned departments for no-objection certificate. "We have identified 9-10 departments which will be integrated with this system. It will also help in facilitating global trade," the official said. Exporters body federation of Indian Exporter Organisations (FIEO) said that such steps will help in reducing transactions cost of traders. "It is a big steps towards improving ease of doing business in the country," FIEO Director General Ajay Sahai said. Contracting for the seventh month in a row, country's exports dipped by 15.82% in June to US$ 22.28 billion due to global slowdown and dip in crude oil prices that impacted shipments of petroleum products.      

August 04, 2015 | 7:37 pm IST.