To prepare for the efficient import of goods, Connect2India provide quality pre import consultancy. This section includes all the initial research and analysis, market competitiveness, demand, supplier search, distributor's verifications, company auditing etc.
There are many reasons for which quality pre import consultancy is required like- availability of complex import policies, inadequate infrastructure at different ports and customs acts. A small error can cause inescapable delay in the custom clearance of consignments. Our team helps importers in optimizing logistics costs and reducing cycle time with consultancy services. The goal is to save precious time and cutting down the operational overheads.
Our pre import consultancy services includes-
Connect2India offers consultancy for issuing of various types of license required for the import of specific product categories. Our services related to DGFT matters and are of high quality as per the legal conditions. Our long experience in the field guarantees the customer satisfaction. Following are the license types we provide consultancy for-
It’s also called IEC (Importer Exporter Code) code. It's a 10 digit code which is issued by Director General of Foreign Trade (DGFT) to domestic companies. IEC code is a mandatory to import or export goods. Without this no company can involve in the international trade. Our team has developed the set of practices for easily issuing IEC code as per the latest policy for new system. We help you through providing full knowledge and consultancy about the eligibility, conditions and legal provisions required to be followed for it.
Our team helps you in carefully filling and sending of application along with the prescribed documents for granting of IEC number. Also knowing the validity, surrender and terms should be known by the applicant.
Our team provide proper consultancy on understanding about EPCG license, how to obtain one, related procedures and formalities which should be followed in order to gain the EPCG. It refers to Export Promotion Capital Goods. The scheme is issued by government of India to importers. With the help of EPCG export of goods can be promoted. It's required for the specific product category related to machinery like- computer software systems, dies, fixtures, moulds, jigs etc. It's subject to the manufacturer who imports machineries to be used in the manufacture of products which are to be exported. As this import of machineries cause the foreign exchange by the export of end product, importer can get 100% exemption in import duty with the help of EPCG license. Our team provides complete knowledge and set of instructions for obtaining the EPCG through Director General of Foreign Trade (DGFT). We consult about the documentation required, value addition, fulfillment of export obligation etc. Also we help in extending of export obligation in the case, when company failed to complete the obligation in time given by licensing authority.
An advance license maybe value based or quantity base. It is granted for the import of products without paying customs duty. Just like as EPCG license, Advance license also a subject to the fulfillment of export obligation in given time and specified value addition. Our team provides the full guidance on back to back inland letter of credit facility which is introduced in the latest amendments. Through this, a license holder can source his products from domestic suppliers. In value based advance license, total value of imported goods should be equal to the CIF value specified. We guide our clients as per the latest amendments made to EXIM policy.
We help our customers with the technical structure of import. As per the policies of different governments, different legal bindings are found for tariff classification of import, administration of customs laws, and other treatments. We provide the relevant consultancy related to these import classification based on ports, official customs rulings etc which could save lots of time and effort of importer. Our team helps in the classification of goods to identify the custom duties and controls to be applied on them. It's a legal responsibility which is carried by importer to ensure the correct classification.
We offer consultancy for valuation system for import. We helps with the different valuation method through which importer could easily determine & and calculate the correct import VAT and customs duty payable on the goods. Importer has to declare the value of products he is importing before the customs through SAD (single administrative document). It's a necessary process which forms the basis of trade statistics also. SAD is filed in both manual and electronic way.