PSI system to continue until Dec

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FE Report
The government will continue the pre-shipment inspection (PSI) system until December this year amid efforts to narrow down the scope of the system for a few categories of products that carry little revenue risk, the finance minister said Thursday.
The mandatory PSI system was introduced in the country in 2000 in order to strengthen the capacity of the workforce in the customs department through training from PSI agencies, and replace them by taking up the responsibility of conducting such activities.
Recently, the government decided to withdraw the PSI system from December 2010.
"To that end, capacity building in the customs department is now going on in full swing. Recruitment of new officers is also underway and the department is currently undergoing an expansion," the finance minister said while unveiling the budget for 2010-2011.