Competency of Advocate Murugappan on Import Procedure of India! What’s Import Procedure India? The traders who want to import goods must submit an application to the Directorate General of Foreign Trade and obtain an Importer and Exporter Code (IEC) number.
Import trade means the purchase of goods from a foreign country. The procedure for import of goods varies country to country w.r.t the import policy, statutory requirements and customs policies of different countries. 1. The traders intending to import goods have to submit an application to the Directorate General of Foreign Trade and obtain an Importer and Exporter Code (IEC) number. 2. If the trading firm is a Export Oriented Units, 100% of the production is exported and the IEC is issued by the Development Commissioner of the Export Processing Zone. 3. This IEC number has to be indicated on all documents filed with the Indian Customs for customs clearance procedure. 4. All imported goods have to meet the terms of the Article 11 of the 1962 Customs Act, the Foreign Trade (Development and Regulation) Act and the EXIM policy in force.
Customs clearance work involves the preparation and submission of documentations required for facilitating export or imports into the country, representing client during customs examination, assessment and payment of duty. Advocate Murugappan is a highly- experienced and highly-qualified tax attorney and has the vast knowledge in the field of custom related matters and import procedure India. Currently, we’re serving clients from sectors such as automotive, engineering, steel, drugs manufacturing, textiles, leather goods, spices, agriculture products, chemicals, paper, consumer electronics, medical and scientific equipment and wind energy. We advise, take up litigation and provide solutions on issues relating to GST, Customs and import procedure India. We’re excellent in understanding our client needs and provide them with required solutions within the framework of law and filing procedures with the competent authority. We are assisting our clients in legal compliance with related matters. We set high-standard in maintaining transparency, integrity and confidentiality in transactions and client information.
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