12 hours to 12 minutes: Customs clearance to take the swift route

Indian Customs could see consignment clearance time fall from 12 hours to 12 minutes. The government is set to introduce a seamless automated facility with zero human intervention next month, using blockchain, machine learning, and artificial intelligence.   Machine clearance will initially be introduced for select importers; 3,800 of them accredited by the Customs department under the authorised economic operator (AEO) scheme meet the set risk criteria.   They make up for about 40 per cent import volume.   “We are set to unveil a futuristic reform, which will allow .....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.