Consider the following statements about Single Window Interface for Facilitating Trade SWIFT 1 ...........

Economic Affairs Tax System

Consider the following statements about Single Window Interface for Facilitating Trade (SWIFT)

1) It is launched by Central Board of Excise and Customs (CBEC)

2) It compiles the information required for customs, FSSAI, plant, quarantine, animal quarantine, drug controller, wildlife controller bureau and textile committee

Which of the following statements is/ are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

The Central Board of Excise and Customs (CBEC) has launched ‘SWIFT’, an initiative to speed up clearances for consignments and improve ‘ease of doing business.’
Single Window Interface for Facilitating Trade (SWIFT) provides a single-point interface for clearance and is expected to reduce documentation and costs. It is expected to cover and benefit over 97 per cent of India’s imports. Importers will not need to run around to get approvals from multiple government agencies for their consignments.
The single window will connect over 50 offices of six government agencies with the Indian customs department. These are the Food Safety Standards Authority of India (FSSAI); Department of Plant Protection, Quarantine and Storage; Drug Controller; Animal Quarantine; Wild Life Crime Control Bureau and Textile Committee.