Mangaluru customs observes International Customs Day

Media Release
January 27, 2018

Mangaluru, Jan 27: The officers and staff of the Customs Commissionerate, Mangaluru, celebrated the International Customs Day on Saturday, January 27 along with other stakeholders viz., importers, exporters, customs brokers, special public prosecutor, airlines and officers from Central Excise & Central tax, Income Tax and state government officials. This year’s theme is dedicated to the security of business environment with the slogan “A Secure Business Environment for Economic Development”.

The chief guest for the function was Prof. K. Umamaheshwar Rao, Director, NITK, Surathkal, Mangaluru and Suresh P. Shirwadkar, Chairman (i/c), NMPT, Mangaluru was the guest of honour. Dr. M. Subramanyam, Commissioner presided over the function.

Subramanyam in his keynote address highlighted that in line with the theme of the World Customs Organization to create a business environment more stable and predictable by streamlining procedures, tackling corruption, enhancing integrity and facilitating the movement of goods, conveyances and people in general, the Commissionerate has prioritized the task of popularizing Authorized Economic Operators (AEO) among all the stake holders so as to reap benefits of facilitated clearances and incentives provided for such entities.

Highlighting the interdependence of trade and security in the current global scenario, he informed that there are 14 AEOs operating in the Customs House and some of them are awarded this year.  He has added that the National Trade Facilitation  Action Plan unveiled by Hon’ble Finance Minister had 51 activities out of 76 which have been rated as more facilitating than prescribed by the WTO and is hailed as the best practice. It is expected that such Agreement would reduce trade costs 13-14% by streamlining the trade.

Speaking about reduced cargo release time, he informed that the dwell time taken for Customs last month was 0.54 days for imports and 0.65 days for exports. In terms of the Action plan, the overall release time is 3 days for sea cargo and 2 days for air cargo in respect of imports and 2 days for sea cargo and the same day for air cargo in respect of exports. Detailing the facilitation at Mangaluru, it was informed that 93% of export consignments and 64% of import consignments were facilitated i.e., without any examination and assessment. It has been informed that import facilitation could be further 20% more, had the procedural issues of bond clearance been addressed since bulk cargo is the major portion of import cargo at this port.

The distinction achieved by this commissionerate is to get a comprehensive certificate from Bureau of Indian Standards covering all its formations. All ports under this jurisdiction are now EDI enabled. Speaking about the facilitation extended during the transition to GST regime, the Commissioner informed that several interactions were held to sensitize the trade about the new requirements and also impressed upon to ensure the information furnished in GST returns and Customs documents is identical for speedy refund sanctions. Appreciating the excellent coordination and cooperation with the stakeholders viz. New Mangalore Port Trust, Airport Authority of India, CISF, Airlines, Immigration etc., the Commissioner informed that the same is crystallizing in sharing of inputs of mutual benefit. In this context, he informed that Mangaluru Customs was the first in implementing e-sealing procedure in the country.

On passenger facilitation, the Commissioner informed that over 97.76% passengers have opted for green channel and the Department is increasingly adopting non-intrusive techniques to further improve facilitation using the available data and passenger profiling techniques. In this regard, he highlighted the online Customs guide for international passengers which has been found be very useful by passengers and travel agencies. The commissionerate has been taking several proactive measures in respect of departmental lands across the coast and getting them fenced for proper protection and upkeep. In this regard, the Old Port at Bunder will be spruced up soon.

Detailing the performance of marine wing, it was informed that the performance of this section has been hailed as one of the best by the central inspection team in spite of having acute shortage of staff.

The commissioner informed that facilitation and enforcement have to go side by side and accordingly, they have started new Air Intelligence Unit for airport and Special Intelligence and Investigation Branch for sea port. During this year, so far, 57 cases involving Rs. 5.41 cr. have been detected, of which 62% were gold seizures involving several modus operandi. In the last couple of years, SIIB has detected cases involving revenue over Rs. 5 crores. The sections hitherto not yielding much results have started showing success due to revamping of systems and thorough analysis as in the case of Post Clearance Audit (PCA) detecting evasion of over Rs. 2 crores this month. The disposal of seized contraband yielded Rs.5.16 crores revenue this year and arrears to the tune of Rs.12 crores were realized this year.

The Commissionerate has realized revenue of Rs. 2022 cr. upto first fortnight of January 2018 as against the target of Rs.2300 crores for this financial year. It was informed that the Chemical Laboratory is being upgraded and once it is upgraded efforts will be initiated to get it certified by the relevant accredited  agency.

The Guest of Honour, Shri Suresh P. Shirwadkar in his address has spoken about the theme of Security of Business Environment for Economic Development from perspective of the port and importance of co-ordination between Customs and Port for smooth clearance of cargo and trade facilitation.

The Chief Guest Prof. K. Umamaheshwar Rao while sharing his experiences with several customs formations across the world, compared the enforcement in other countries like Korea and gave a comparison to Indian Customs. He felt that the theme of this year is very relevant for improved movement of goods across the borders.

On this occasion, Adani Wilmar Pvt. Ltd. was conferred the award for top revenue contributor; Indian Oil Corporation was awarded for substantial growth in revenue contribution; Mangalore Refineries & Petrochemicals Ltd was awarded for the highest export performance, KIOCL was awarded for substantial growth in exports; Cargolinks as the customs broker was awarded for handling highest customs documents and Atlantic Shipping Pvt. Ltd. as the steamer agent was awarded for handling highest number of vessels. Further, UPCL, Yashaswi Fish Meal & Oil Co, and Delta Infralogistics (Worldwide) were also awarded for their contribution towards secure business environment. The recipient of the President’s Certificate of Appreciation for outstanding service, Allen Rajesh Vas, Senior Intelligence Officer (DG GSTI) was also felicitated on the occasion. 

The commendation certificates were also distributed to the outstanding officers at various levels for their contribution to respective areas of the commissionerate.

Comments

ali
 - 
Monday, 29 Jan 2018

They may have named it as "LOOTER's DAY"

Mohammed
 - 
Monday, 29 Jan 2018

Y dont Mangalore Airport Custom officers Learn some manners & stop the loot with normal people. For them every passenger is Terrorist or Smugglers. Very harsh & very bad behaviour till date. Its Spoiling Mangalore's name for cheap people like these custom-officers. Punish the culprit, but every person is not the one. 2 Weeks back they mis-behaved with UAE national & asked to pay for her gold which she was carrying for daily use. They were not ready to talk to UAE-Delegates on phone too. This is really cheap way to loot outsiders too...

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News Network
February 17,2020

Bengaluru, Feb 17: Union Finance Minister Nirmala Sitharaman on Monday assured that the Centre is committed to stand by its promise of providing Rs 18,600 crore Bengaluru suburban Rail project.

Addressing a press conference after a post-budget interactive session with the representatives of the various trade bodies, industry leaders and others here, she said that the union cabinet has already given its clearance for the long-pending project.

Informing that the central government will have 20 per cent of its capital share in the project followed by another 20 per cent share from the state government, she said "beside this, the union government will stand for a sovereign guarantee for the rest of the 60 percent share, which can be raised through loans from external agencies".

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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News Network
April 23,2020

Bengaluru, Apr 23: Nine new COVID-19 positive cases have been reported in Karnataka in the last 24 hours.

Out of these nine coronavirus positive cases, five have been reported from Kalaburagi and two each from Mysuru and Bengaluru.

According to the government of Karnataka, the total number of positive cases in the State now stands at 427 including 131 cured or discharged cases and 17 deaths.

The total number of positive coronavirus cases across the country are 19,984, including 15,474 active cases of the virus. So far, 3,869 patients have either been cured or discharged while 640 deaths have been recorded in the country, as per data provided by the Union Ministry of Health and Family Welfare.

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