24 May, 2023 |  Updates | 

Regulatory Update!

Recently, the Indian customs department has launched a new anonymous escalation mechanism to facilitate trade. This mechanism allows importers, exporters, and other stakeholders to raise grievances or concerns about any process-related issues without revealing their identities.
The main benefit of this mechanism is that it provides a safe and secure channel for stakeholders to report any issues they face during the trade process. This can help to identify and resolve issues quickly, improving the efficiency and transparency of the trade process.

Another benefit is that it can help to reduce corruption and malpractices in the trade process. By allowing stakeholders to report issues anonymously, it can help to prevent retaliation or victimization against those who report issues.
Overall, the new anonymous escalation mechanism by Indian customs is a positive step towards improving the trade process. It can help to build trust among stakeholders and promote a more transparent, efficient, and corruption-free trade environment.

Tags: Updates