AI-driven Innovations in Customs Operations, Financial Auditing, Welding Technology, and Offshore Asset Management in India
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The Union Finance Ministry led a 2-day conference on the crucial role of AI and technology in customs operations. The conference, held in Bhopal, Madhya Pradesh, was attended by key officials and stakeholders, including the Chairman of the Central Board of Indirect Taxes and Customs (CBIC) and officials from various departments. The discussions focused on improving customs efficiency, streamlining business processes, automation, and infrastructure. The Indian Customs department collected around Rs 2.13 lakh crore in the fiscal year 2022-23 and seized contraband goods worth over Rs. 6,000 crore. The conference also highlighted the need for suitable adjustments in human resources and additional training. The second day of the conference focused on simplifying compliance in customs operations...
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