India Post and United States Postal Service (USPS) signs Agreement for Electronic Exchange of Customs Datarelated to postal shipments exchanged between the two countries

By -

Department of Posts, Government of India (India Post) and United States Postal Service (USPS) have entered into an agreement for Electronic Exchange of Customs data related to postal shipments exchanged between the two countries. The agreement will make it possible to transmit and receive electronic data of international postal items prior to their physical arrival at the destination and would enable customs clearance of postal items in advance in line with the evolving global postal framework. This will also improve the performance of postal services in terms of reliability, visibility and security.


Photo Source: PTI


USA is the top export destination for India (~17%) which is also reflected in exchange of goods through postal channel. In 2019, around 20% of outbound EMS and 30% of Letters & Small Packets transmitted by India Post were destined to USA whereas 60% of the Parcels received by India Post were originated from USA. Exchange of Electronic Advance Data (EAD) as per the Agreement will be a key driver towards promoting mutual trade with emphasis on the exports from different parts of India to USA through postal channel considering that USA is a major destination of MSME products, Gems &Jewelry, Pharmaceuticals and other local products from India. This will fulfill a major demand of export industry to expedite customs clearances of export items.


 


The primary objective that will be served by this agreement is to facilitate ‘ease of exports’ for small and large exporters through postal channels from different parts of the country and will contribute towards making India an Export Hub for the world.


The agreement was signed by Mr. Prannoy Sharma, Deputy Director General (International Relations & Global Business), Department of Posts, Government of India and Mr. Robert H. Raines Jr., Managing Director, Global Business of United States Postal Service.

Comments

Post a Comment

Thanks For Putting Interest

Popular posts from this blog

SOP for ₹2000 Banknote Booking at Post Offices Counters: What You Need to Know

By -
Image
Standard Operating Procedure (SOP) has been introduced that outlines the process for ₹2000 denomination banknotes being booked at post office counters. This move, aligned with the Reserve Bank of India's (RBI) regulations, seeks to streamline the handling of high-value currency transactions. Here's what you need to understand about the withdrawal of ₹2000 banknotes from circulation and the steps you need to follow under the new system. Overview of the SOP : The SOP comes at a time when the circulation of ₹2000 banknotes is being meticulously regulated. The RBI, aiming to prevent misuse and keep the flow of these banknotes transparent, has collaborated with the postal department to set up a clear procedure. The SOP details include the permissible amounts for transaction, the booking process, the role of post office personnel, and the mandatory inclusion of the sender’s details and declaration. Step-by-Step Guide for Customers : For customers looking to send ₹2000 denomination no...
Read more

DOP Employee Portal : Useful Links

By -
Image
1.  Salary Statement (Salary Slip Download) 2.  Leave Apply 3.  Leave Account Balance 4.  Income Tax Declaration 5.  View Service Book 6.  Permission to Avail LTC 7.  GPF Withdrawal 8.  GPF Statement 9.  NPS Statement 10.  Travelling Allowance Bill for Tour 11.  Raise New Claim Request (LTC/MEDICAL/CHA/CEA) DOP EMPLOYEE PORTAL Link may take time to load  Comment us for more links... 
Read more

UIDAI ECMP Client Version Revocation, Version 182-3 Promoted To Stable And Upgrade Guidelines With Full Installer

By -
Image
UIDAI, the Unique Identification Authority of India, has issued a crucial update regarding the ECMP (Enrolment Client Multiplatform) client. With the aim of enhancing security and efficiency, UIDAI has revoked older versions and promoted ECMP version 182-3 to stable, effective from February 2, 2024. Key Points 1. Stable Release of ECMP 182-3:    - As of January 23, 2024, ECMP version 182-3 has been promoted to stable, ensuring reliability and performance. 2. Revocation of Older Versions:    - On February 2, 2024, UIDAI took the necessary step of revoking older versions of the ECMP client in production. 3. Allowed Versions Going Forward:    - From now on, only versions 3.3.4.2/182-1 (full installer available in the upload portal), 3.3.4.2/182-2, and 182-3 will be supported. Users are urged to upload pending packets before February 2, 2024, to prevent packet loss. 4. Upgrade Instructions:    - If the ECMP client does not upgrade automati...
Read more