Connect2India provides back office services once the import is done, including- payment terms, accounting, product listing, warehousing etc.
Our people can help you with the payment terms to be followed in importation. There may be two methods for paying the duties and taxes. Businesses who have not posted security can pay the duties and taxes after providing the complete accounting documents, where others have to post the security with customs. Customs issue the statement along with the duties and taxes. Payment maybe made through case, cheque, debit card, visa etc.
Customs can verify the commercial importation for value for duty, country of origin, tariff classification in the time period of four years after the import.
There may be some errors found in the accounting information you provided to the customs, which is not corrected by the customs. Importer need to correct the information within 90 days of finding such errors. There can be both cases where the correction can be neutral to the revenue or importer owes money. The results of such correction can be refund of duties and taxes paid to customs.
If customs adjusts the accounting documents, they can issue the adjustment statement with all the points. Importer has to pay the duties and taxes he owes, within the 30 days after the issuing of detailed adjustment statement.
So, it's a must to check the account information for importer. In case he is finding any correction, he has rights to request for the impartial review of decisions made on origin, value of duty or tariff classification. To get the refund an application is filed to the customs office.
Our professional team knows the coding and processing of self adjustment very well and can provide the relevant help in prescribed time.
Our team is practiced in records pertaining. It's necessary for importer to keep all records pertaining for six years either in hard copy format or electronic. The record may include the products, quantities of goods imported, country of origin, price paid, name and address of exporter and other related information. Our back office team can provide the efficient help in this area.