Ten suggestions for India to remake a customs regime that’s a legacy of the closed economy era

The time has come for a new market-friendly law that sheds the command-and-control apparatus of the past in favour of one that aims for import facilitation. As it frames a new customs law, here’s what the government should consider.

One, not every disagreement is smuggling. Yet, under the 1962 Act, any omission or commission rendering goods liable to confiscationa classification dispute, valuation disagreement or technical misre…

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