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of <h1>New Section 143AA in Customs Act: Streamlined Procedures for Importers and Exporters to Enhance Trade Efficiency and Transparency.</h1> The new section 143AA in the Customs Act empowers the Board to implement measures or specify distinct procedures or documentation for certain classes of importers, exporters, or categories of goods, based on modes of transport. This aims to facilitate trade by maintaining transparency in import and export documentation, expediting the clearance or release of goods, reducing transaction costs, and balancing customs control with the facilitation of legitimate trade.
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