- Green Light Overview: The “Green Light” in customs clearance allows low-risk shipments to proceed without further checks, streamlining trade by expediting goods movement and minimizing delays while rewarding compliant traders.
- Eligibility and Process: To qualify for the Green Light, traders must demonstrate a strong compliance history, submit accurate documentation, and trade in non-sensitive goods. The process involves automated risk assessment, categorizing shipments into risk channels, and immediate release of goods assigned the green light.
- Benefits and Challenges: The Green Light system enhances efficiency for both traders and customs authorities, leading to reduced clearance times and lower logistics costs. However, it faces challenges such as reliance on technology, potential fraud, and the need to balance trade facilitation with security.
Source Saurabh Gupta
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