Indian Customs could see consignment clearance time fall from 12 hours to 12 minutes. The government is set to introduce a seamless automated facility with zero human intervention next month, using blockchain, machine learning, and artificial intelligence.
Machine clearance will initially be introduced for select importers; 3,800 of them accredited by the Customs department under the authorised economic operator (AEO) scheme meet the set risk criteria. They make up for about 40 per cent import volume. “We are set to unveil a futuristic reform, which will allow machine release of ...
Reference: Business Standard Newspaper Dated: 20th November 2019
