🚀 Time for CAAR 2.0: Revolutionising India’s Customs Rulings for Global Efficiency 🌍
✅ Transformative Changes in India’s Customs System
➡️ The establishment of the *Customs Authority for Advance Rulings (CAAR)* marks a significant evolution in streamlining customs processes. 📈
✅ Navigating Global Trade Challenges
➡️ As global trade partners scrutinize India's customs framework, CAAR must enhance predictability and efficiency in the face of rising tariffs and import barriers. ⚖️
✅ Achievements Since Launch
➡️ Launched in 2021, CAAR has drastically reduced ruling times, providing decisions in **months** instead of the previous **4–5 years** under the former system.
✅ Room for Improvement
➡️A recent study by *Trust Bridge* indicates that only **46.2%** of rulings met the **90-day** timeline, meaning **53.8%** exceeded this, with delays ranging from weeks to over six months. 📊
✅ **Identifying Key Bottlenecks
➡️ Delays primarily arise from CAAR’s reliance on feedback from port commissioners, who often miss the **two-week** response deadline outlined in *Regulation 8(7)*, leading to unnecessary administrative burdens. 📑
Let’s discuss how we can collaboratively enhance CAAR’s operations for more efficient customs rulings and strengthen India’s trade ecosystem! 💬
Abhishek Raja "Ram"
@abhishekrajaram
MEC, STBA Delhi || Speaker and Author on GST. Life dedicated towards Tax and Economic Reforms & Simplification