Tamil Nadu - Chennai   

Customs urged to confer ‘star’ status on companies with good record

— Photo: S. R. Raghunathan

All smiles: M.Rafeeque Ahmed, chairman, FICCI- Tamil Nadu State Council (left), and G.V.Naik, Chief Commissioner of Customs, at a function in Chennai on Wednesday.

CHENNAI: Chennai Customs should interact with trade and industrial units on a regular basis to cut down the processing time to enable the country to achieve its export target, said M. Rafeeque Ahmed, Federation of Indian Chambers of Commerce and Industry-Tamil Nadu State Council (FICCI-TNSC), chairman on Wednesday.

Speaking at the International Customs Day 2010 celebrations on the theme ‘Customs-business: improving performance through partnership’, he said “reduction in real time exchange of information for Customs processing will also ensure reduction in compliance costs for business and foster a closer partnership between businesses and Customs. On an average, each additional day that a product is delayed prior to being exported reduces trade by at least 1 per cent.”

Mr. Ahmed urged the Chennai Customs to grant ‘star’ status to companies with good track record to facilitate easy movement of goods across borders and encourage them to clear cargo on self declaration basis.

“If we have to be successful, we have to move and act fast on a time-bound manner like China. Success alone can bring more respect to India. We have to become economic powerhouse at the earliest to beat China,” he said.

In his address, G.V. Naik, Chief Commissioner of Customs, said “our vision is to provide an efficient and transparent mechanism for collection of indirect taxes and enforcement of cross-border controls to encourage voluntary compliance.”

Naresh Penumaka, Commissioner of Customs, said that till date they had collected a revenue of Rs.8,936 crore for the current year against the target of Rs.15,240 crore. Last year, they collected Rs.13,961 crore.

Chozha Naachiar Rajasekar, president, Tamil Chamber of Commerce, suggested setting up of Customs Museum in the city and called for frequent interaction with trade and business community for better understanding.

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