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Shipping Goods to Central Asia via Iran to be Possible by January

05 Dec 2017 8:56 PM | Anonymous

Central Board of Excise and Customs (CBEC) Commissioner said that the move would also help in internationalizing the International North-South Transport Corridor, which has been languishing for years. 

Having acceded to the United Nations' convention on international transport of goods, India will ship its first consignment to Russia or Turkey via Iran on January 15, cutting down the transport cost and time by half. "There is a lot of hope in the industry that this will be quite a game changer as far as Indian exports are concerned particularly to Russia and Central Asia," Central Board of Excise and Customs (CBEC) Commissioner Sandeep Kumar told reporter in New Delhi. He added that the move would also help in internationalizing the International North-South Transport Corridor, which has been languishing for years.

India acceded to the Transports Internationaux Routiers (TIR) convention, the global customs transit system for moving goods across international borders, on June 15 this year. The convention would formally come into effect for India six months after the date of accession, on December 16.

"Maybe around January 15 or 16, given cooperation from some trading intermediaries and logistics partners, we will actually be able to use this convention to export goods to Russia or Turkey via Iran," the CBEC Commissioner (Customs and Export Promotion) said. Mr. Kumar added that as per a dry-run conducted as a proof of concept, exporters would save around 50 per cent in terms of cost of transport as well as in terms of time.

 https://www.ndtv.com/india-news/shipping-goods-to-central-asia-via-iran-to-be-possible-byjanuary-1783955