Only 3 documents required for import and export of goods
|Bill of Lading/ Airway Bill||Bill of Lading/ Airway Bill|
|Commercial Invoice cum Packing List||Commercial Invoice cum Packing List|
|Shipping Bill/ Bill of Export||Bill of Entry|
- It will boost the sector by reducing time and cost of transactions.
- The move is in step with the recommendation of an Inter Ministerial Committee set up by the centre to ease up the Import-Export business in the country.
- It must be noted that India ranked 126 in 'Trading Across Borders' component of "Ease of Doing Business", out of 189 countries ranked by the World Bank.