Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

The revenue and commerce departments are working on developing a special mechanism for sharing crucial export-import statistics, following instances of data leak putting businesses into jeopardy.

“The revenue department will be putting in place a mechanism that will allow ‘encrypted access’ to trade data that will be shared in a secure manner,” a senior government official told Business Standard. The departments were at odds over data sharing and a delay in compiling daily and weekly trade data. While data sharing resu­med last week, the departments are try­ing to have a strict mechanism on the extent to which data will be