Back office services offered by us before the import of the products inludes- research and analysis report, distributors or suppliers listing, custom clearance, market competition, marketing potential analysis, company verification etc.
Import export code (IEC) is required for any kind of import and export activity. It's a 10 digit code issued by Director General of Foreign Trade (DGFT). We help the importer in preparing application for grant of IEC code.
Initial research and analysis
Our team of professionals conduct a detailed research for the products and country of origin in order to provide as much information as possible to our clients. The information include the products description & composition, origin of individual parts of products etc. This provide a great help to importer in identifying the right product and also very helpful in later tariff classification.
Customs broker/agent research
Many times company prefers to appoint a customs broker to handle the transaction of business. In this case, an authorized and responsible customs agency is needed which is efficient and responsive. However, responsibility of payment of duties, accounting documentation and re-determination of classification etc belongs to importer itself, even if he is using the services of customs agent. We have worked with many importers before and through our huge network we are capable of finding an efficient customs agency for your business who could carry the processes like- release of imported products, preparation & transmission of required documents, records maintenance etc.
It's required when government of importing country makes it mandatory. Pre-shipment inspection is asserted by the government to ensure the value of the products against the price charged by exporter. Also it prevents the entry of substandard products in the country. This effort decreases the chances of avoiding customs duty. Many times it's required for the certain types of goods. Importer signs the contract with the private organizations for such tasks. Generally, importer or the government of importing country pays the costs of inspection. It's the responsibility of exporter to provide the goods for inspection in country of origin. To avoid the delay in further shipment processes, exporter should make sure that accurate details are provided to the inspection company just after the issuing of inspection request which is spelled out in letters of credit or other documents.
We offer the quality inspection of goods with high efficiency and on-time efforts. We receive the inspection order which include the details like name and address of importer and exporter, value of products, importer's declaration of customs code, country of supply etc. and then get the inspection time and site arranged by the exporter.
Certificate for Inspection
After the inspection of goods we create the inspection certificate and send it to the bank issuing the letter of credit. The requirement of inspection certificate can be expressed in the 46.A clause of the letter of credit which is mandatory for any fund transfer. It certifies the conformation of quality and quantity of products with the provisions as stated in the proforma invoice. The certificate is submitted only when the documents like certificate of origin, packing list etc. are provided by the exporter. Exporter collects the certificate and submits it to bank along with the other necessary documents in order to get the payment.
Determination of permits and license required
Lots of products require special permits and license from the government departments for being imported from outer countries. One or more departments can pertain the import regulations for certain goods. We help you determining whether the products you wish to import are subject to permits or regulations. We are aware of the products commodities that may require permits as per the governments of various countries. Also we help clients obtaining the required permits and license under our pre-import consultancy services.
We help you in determining the correct tariff classification number as per the Harmonized system which is used in many countries like India, United States, Canada, China etc. This number is required in determining the customs duty. This can be determined through consulting the customs Tariff, contacting BIS (border information service) or requesting for advance ruling on tariff classification.
Determining duties and taxes
After determining the tariff classification number, we help clients in the applying of relevant tariff solution before the determination of rate of duty. We make sure that the tariff treatment applied brings benefit from preferential duty rate.
After the establishment of tariff classification number and tariff treatment, determination of value for duty on products is required. The declaration of value for duty is supported by the sales invoice from seller. We help in determining the value as per the price paid for the goods.
Taxes and Duty estimation
Our team takes the value stated in the invoice in different currency and converts it into the currency of importing country using the exchange rate from the date of direct shipment. We calculate the GST and customs duty on imported products which are subject to 5% GST and 4% customs duty.