Indian Custom Act 1962
2023-02-02 Thu
In addition to collecting Custom duty, the Customs administration supports worldwide trade and maintains compliance. Indian Customs has undertaken several steps to secure the global supply chain and improve trade facilitation.The Customs Act's 50th anniversary was commemorated by issuing a postage stamp on the Central Board of Excise and Customs in 26 July 2012. The proclamation of act was announced on January 23, 1963, and it became effective on February 1, 1963.
Indian Customs takes the lead in projecting the aspirations of the entire Asia Pacific Customs fraternity. Customs Electronic Data Interchange (EDI) System which is functioning in 108 locations ensures transparency, accountability and expeditious clearance of international goods.
Denomination: 5 Rupees.
Text: 50 year of custom act 1962
Image courtesy: Mintage world
Latest News
-
Panchala King Bhanumitra Copper Coin
2024-04-26 FriThe Panchala kingdom was ruled by the Mitra kings. The Mitra kings are known to issue coins and most...
-
Mahatma
2024-04-25 ThuIndia Post issued a commemorative postage stamp on #LalaHansraj, also known as Mahatma Hansraj for�...
-
Berar Mint of Muhammad Akbar
2024-04-25 ThuBerar was a kingdom located in the Deccan region, with Elichpur as its capital. It was one of the Su...
-
Janma Kalnayak of Bhagwan Mahavir
2024-04-24 WedOn 21st April 2024 which was the 2550th Janma Kalnyanak of Bhagwan Mahavir Swami, PM Modi unveile...
-
Gold Pagoda of Vijaynagar Empire King Deva Raya I
2024-04-10 WedKing Deva Raya I of the Vijayanagara Empire was a patron of Kannada literature and architecture. He ...