India and the Republic of Peru on December 5, 2018, signed an agreement for co-operation and mutual assistance in customs matters. The agreement was signed on the sidelines of the 80th Session of the Policy Commission meeting of the World Customs Organisations (WCO) which was held in Mumbai during December 3-5, 2018.
The Agreement was signed by S Ramesh, Chairman of Central Board of Indirect taxes and Customs (CBIC) of India and Rafael Garcia, the National Superintendent of Customs of Peru.
1. The Agreement provides a legal framework for the sharing of information and intelligence between the Customs authorities of the two countries.
2. It will help in the proper application of Customs laws, prevention and investigation of Customs offenses.
3. The Agreement will also help in the availability of relevant information for the prevention and investigation of Customs offenses.
4. It is expected to facilitate trade and ensure the efficient clearance of goods traded between the countries