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New Delhi : Union Finance and Corporate Affairs Minister Arun Jaitley on January 27, 2018, said that dynamic nature of the Indian economy and availability of technology tools has impacted the functioning of all the Departments including the nature of Tax Administration.
The Finance Minister said that there are two major challenges before the Customs Administration today- trade facilitation and sharp detection & enforcement to avoid any tax evasion. Jaitley said that there is also a challenge to keep a balance between these two dichotomic functions where the experience of tax authorities come to their rescue, according to a PIB release.
He was addressing a gathering of senior officers and staff of the Central Board of Excise & Customs (CBEC) along with other dignitaries on the occasion of the ‘Investiture Ceremony 2018’ and ‘International Customs Day 2018’ at Vigyan Bhawan in New Delhi.
Jaitley expressed confidence that CBEC would take necessary steps to ensure that India’s ranking in trade across borders would improve substantially. On the occasion, the Finance Minister also released two IT tools of the Customs Department i.e. ICETRAK, and ICETAB, developed by the CBEC to provide an easy way for trade to track their consignments and for providing other important information and updates.
Earlier, the Minister of State for Finance Shiv Pratap Shukla, in his address, complimented the role of Customs in implementing GST in record time, in securing our international borders and for facilitating trade and international passengers at airports. Finance Secretary Hasmukh Adhia congratulated the Department for smooth implementation of GST and adoption of new technology. International Customs Day celebrations were organised by the Central Board of Excise & Customs (CBEC).