The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved signing and ratifying an Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters.
The agreement will help in the availability of relevant information for the prevention and investigation of Customs offences.
The agreement is also expected to facilitate trade and ensure efficient clearance of goods traded between the countries.
The draft agreement takes care of Indian Customs' concerns and requirements, particularly in the area of exchange of information on the correctness of the Customs value declared, the authenticity of certificates of origin of goods and the description of the goods traded between the two countries.
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