Central Board of Indirect Taxes and Customs Current Affairs - 2019
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Central Board of Indirect Taxes and Customs (CBIC), under Ministry of Finance is organising a meeting of Regional Heads of Customs Administration of Asia Pacific Region of World Customs Organisation (WCO) in Kochi (in Kerela) from 8th to 10th May, 2019.
As India currently holds seat of Vice Chairperson of Asia Pacific region (assumed on 1 July 2018) for a two-year period, it is hosting this meeting in this capacity.
Key Highlights of Meeting
- It will discuss about progress being made in carrying forward various initiatives and programmes of WCO, in promoting, securing and facilitating cross-border trade in Asia Pacific region. It will also look into capacity building and technical assistance required to achieve this goal.
- Pranab Kumar Das, Chairman of CBIC will chair the meeting.
- Participants: includes customs delegations from over 20 countries of Asia Pacific region and senior officials of WCO and its regional bodies namey Regional Intelligence Liaoning Office (RILO) and Regional Office for Capacity Building (ROCB).
- Key Focus Areas: of meeting includes, implementation of trade facilitation measures, building capacity of small island economies (in Asia pacific region), cross-border e-commerce transactions, performance measurement, trusted trader programmes, and on-going review of Revised Kyoto Convention (RKC).
- It was established in 1952 as Customs Co-operation Council (CCC) and in 1994 it adopted its current name World Customs Organisation (WCO).
- It is headquartered in Brussels (in Belgium).
- It is an independent intergovernmental body, which seeks to enhance effectiveness and efficiency of Customs administrations.
- It is only intergovernmental organisation which exclusively focuses on Customs matters.
- One of its crucial role is to streamline cross border procedures and enhance security of global trade.
- The governing body of WCO is ‘WCO Council’, which brings together all Members of Organization one time every year.
- Functions: to maintain international Harmonized System (HS, also known as Harmonized Commodity Description and Coding System) of tariff nomenclature, and to administer technical aspects of World Trade Organization (WTO) Agreements on Customs Valuation and Rules of Origin.
- Members: It represents 182 Customs administrations globally (which collectively undergoes about 98% of world trade). Its membership is divided into 6 regions. Each of these six Regions is represented by regionally elected Vice-Chairperson to WCO’s Council. India holds Vice Chair of Asia Pacific region of WCO for a two-year period.
Tags: CBIC • Central Board of Indirect Taxes and Customs • India • Ministry of Finance • Pranab Kumar Das • Regional Intelligence Liaoning Office • Regional Office for Capacity Building • WCO Council • World Trade Organization • WTO
The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir.
Mandate of the Terror Monitoring Group
- Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities.
- TMG will act against all registered cases related to terror, terror financing and terror-related activities and bring them to a logical conclusion.
- TMG shall identify all key persons including leaders of the organisations who are involved in supporting terrorism in any form and take concerted action against them. Investigate the networks of various channels being used to fund terror and terror-related activities and take action to stop the flow of such funds.
- TMG will also investigate the network of various channels being used to fund terror and terror-related activities and take coordinated action to stop the flow of such funds.
The seven-member TMG shall be headed by the Jammu and Kashmir additional director general of police (ADGP) and have representatives from the Intelligence Bureau (IB), CBI, NIA, Central Board of Direct Taxes (CBDT), and Central Board of Indirect Taxes and Customs (CBIC). The Jammu and Kashmir police inspector-general shall be the seventh member of the TMG. Strangely the Enforcement Directorate (ED), which has attached several properties in terror funding cases, did not find mention in the order.
Tags: CBDT • CBI • CBIC • Central Board of Direct Taxes • Central Board of Indirect Taxes and Customs • ED • Enforcement Directorate • IB • Intelligence Bureau • Jammu and Kashmir • NIA • Terror Financing • Terror Monitoring Group • Union Home Ministry