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of <h1>Customs Simplifies Port Clearance: Steamer Agents Can Submit One-Year Continuity Bond, Streamlining Vessel Entry Process.</h1> The Customs authority has simplified the port clearance procedure to reduce transaction costs and time, aiming to enhance India's ports as international transshipment hubs. A committee recommended changes, leading to the option for steamer agents to submit a continuity bond or guarantee valid for one year, instead of providing multiple documents each time a vessel enters a port. This initiative allows for a one-time submission of necessary documents, streamlining the process. Steamer agents are advised to submit the continuity bond to the Deputy or Assistant Commissioner of Customs, with all other previous port clearance provisions remaining unchanged.
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