Reciprocal information exchange for customs enables cross-border agreements to share data for trade facilitation and enforcement. Authorises the Central Government to enter into agreements with foreign governments or competent authorities to exchange information for trade facilitation, risk analysis, compliance verification and investigation of offences; permits notification of conditions for application to a contracting State; allows information so received to be used as evidence subject to those conditions; empowers the Board to prescribe procedures, conditions and designated channels for multilateral exchanges; and deems prior arrangements to be made under this provision, with defined terms for contracting State and corresponding law.