Cross-border trade today isn’t the same as it was in the past. It has evolved in terms of volumes, capacity, and cost. In addition to that, it has evolved in terms of compliance too. Multinationals and transnational corporations having cross-border transactions amongst business units need a single window to manage these EXIM operations. The lack of a single window creates a considerable number of loopholes in the entire Logistics value chain, like inefficiencies due to manual processing, duplication of data entry points, compliance delays and lack of visibility.
Logistics & Customs Control Tower (LCCT) is an electronic platform for cross-border trade (Manufacturers-Exporters-Importers) and Logistics Service Providers for exchange of information, data, and documents. It facilitates reducing administrative and compliance costs and aids in minimizing paperwork, thereby enhancing sustainability benefits.