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 FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, has launched the FedEx Import Tool (FiT), a cutting-edge solution designed to address the increasing complexities and volumes of imports in India. This timely launch is noteworthy as India has experienced a significant 12.2 percent increase in merchandise imports, reaching USD 60.11 billion in February 2024 from USD 54.4 billion in January of the previous year[1].

There is a need for smarter, more efficient solutions to manage the complexities of the import sector. FiT, with its integration of advanced technology and user-focused design, is set to transform the import process, enhancing efficiency, compliance, and the overall end-to-end shipment journey. Developed in India, FiT stands as a testament to the local innovation aimed at addressing global challenges. It will be released in other FedEx markets globally in a phased manner. Key features of this comprehensive, single-window platform include:

A unified self-service platform to streamline the shipping process by centralizing document management and shipment tracking.

A dashboard for greater visibility into every stage of the import shipments.

Proactive notifications to expedite the clearance process and minimize delays.

A secure portal for the easy upload of KYC and customs clearance related documents, ensuring compliance and efficiency.

A direct payment feature for paying customs duties and taxes online.

Round-the-clock monitoring allows shippers and importers to track their shipments up to 90 days after pickup.