Prepare for Regulation 6 Examination - Basic Difference Between Freight Forwarders & Customs Broker

What is a forwarder?

Freight forwarders are defined as related experts in the supply chain, focused on the physical transport and delivery of goods. They are in contact with any entity in the export process that deals with cargo, ship, aircraft or its group, or knows it. As per the expert of Rule 6 exam, Freight forwarders are responsible for collecting and filling out various documents and presentations.

Devers explains that the freight forwarder is a “travel agent for cargo” an external organization that creates the trip and then simplifies the trip for a certain amount, including paperwork and documents. In addition to organizing freight transport, shippers can also provide services that include:

• Customs clearance at the customs entry
• Trade Documents
• Service Insurance
• Supply Chain Management

When choosing a forwarder, make sure that you clearly understand what he provides for the services and how much they cost for them.

Who is a customs broker?

Customs agencies are experts in international trade who are responsible for drawing up and approving the customs declaration when the goods arrive at the port of entry. Customs brokers are more specialized while your shipment lands on Indian territory, they manage the customs clearance process of your goods, including all the aspects of paperwork, documentation, taxes, import duties, and other items. As per the expert of Rule 6 exam, It is a time consuming and complex process that is best left to professionals. Do you also think that you can be present in the ports at the time of shipment? The customs broker will receive the shipment through customs on your behalf. In addition to the tasks listed above as per the Regulation 6 examination, customs brokers can help:

• Customs Coordination
• Duty drawbacks and reconciliation
• Customs bonds
• Advice and guidance with government audits.

Also, there are many custom brokers who offer freight forwarding services so they store their goods.

Are shippers and customs agents the same?

Often the role of a forwarder and a customs broker can coincide and be interchangeable. It is important for the importer or exporter to understand the role of the actor selected in:

• Who will control the necessary import documents
• Freight Negotiation
• Control shipping time
• Vehicles
• Customs clearance procedure with the competent customs agency

For more details about custom broker, freight forwarders and related examination such as Regulation 6 examination you can chat with the experts on info@jbsacademy.com

Hire the Best Customs Broker to Save Cost

Who is the customs house agent?

A person who works on behalf of importer and exporter to help them import and export the goods. To become a customs officer, you must first pass the test to obtain a license.

What are they doing?

When you decide to import goods from a foreign country, it is not an easy task. Much can be covered, but customs brokers make it easier for retailers to import:

• Prepare documents such as declarations.
• Facilitate communication between the importer and relevant government agencies.
• Calculation of customs duties
• Help get permission from government agencies.
• Deliver the goods from ports to your warehouse.

It is better to leave import and export in the hands of specialists. Customs brokers are constantly aware of constant changes in legislation and have experience in anything that could go wrong, such as damaged stocks, problems of the Ministry of Agriculture, etc.

With the new policy change, authorities have become more difficult to control imported goods and, unfortunately, for most online stores, small lots, such as general container lots, often go with a tooth comb fines. Customs officials can help you by telling you exactly what information your supplier must provide to increase the ability to communicate with customs without hindrance.

Things to look for in a customs broker

Hiring the wrong customs officer can result in costly delays in receiving your stock, faxing documents to another person, or not being notified that your package has been shipped. Below is the list of things to consider when looking for an agent to help you get the best help with the import process:

• Low payload

In most cases, problems and errors arise, as many brokers handle up to 100 deliveries per week, so it's not surprising that they sometimes get it wrong. Here it becomes important to ask them about the number of cases custom agents are currently dealing with.

• Outstanding connection

In the same way that you find when you find a new supplier of products, you should always look for a broker who appreciates reliable communication, because if things go wrong, there is nothing worse than the broker who will not respond to your calls! A good broker will understand that he wants to receive your goods as soon as possible and must inform him at each step of the process.

For more details about the examination to become a Customs House Agent you can chat with the expert team of JBS Academy on info@jbsacademy.com

Brief about the Freight Forwarding in India

Freight forwarding include all the activities to import and export goods in the international or multinational market. This process of freight starts from one international location to another it involves different legalities, shippers, and requirements. Freight forwarder works as an intermediary between the clients and the different transportation services, it is mentioned in the Courses for Freight Forwarder.

Freight forwarding market India

As per the survey run by experts of the best freight forwarding courses online, worldwide markets are expected to grow by 7 to 8% annually. This creates a hidden stimulus to the increasing freight forwarding demand in India. A 100% FDI in logistics shows a healthy outlook for the Indian economy. The global slowdown has forced many freight forwarding companies to turn their way towards the logistics. Also, many international and national companies are investing in the transportation sector, this would benefit the logistics sector of India. And because of that, the Indian freight forwarding companies are becoming more competitive in international

As per the survey run by experts of the best freight forwarding courses online, here are some growth challenges faces by the freight forwarding industry.

• Investment, and ability of firms to raise funds
• Stiff competition from the competitors
• Inadequate Indian infrastructure
• Standard and system
• Investment, and ability to raise funds
• Technology

It takes time for the Indian Government to recognize logistic as a growing industry. With the help of Fiscal in India have helped the logistic companies indirectly but the absence of industry status keeps the fright forwarding sector at a disadvantage. Now, the government needs to provide special incentives because the growth of this sector is directly affecting the overall growth of GDP.

The Indian logistics industry is standing on the edge, as the growth of this sector is limited by its in-efficiencies. The approaching decade shows the other side of this infection, shall underline its operational prowess and its returns potential.

To know more about freight forwarding or to be a part of this sector JBS academy offer the best Courses for Freight Forwarder. To get more details contact on 079 -2754 0463 or visit on jbsacademy.com

What is Customs Clearance? Get The Basics Clear

There are two words Customs & Clearance what is Customs? 

Every Country in the world has an organization called Customs. The job of the Customs is a sovereign act. It is an act which denotes the supremacy of the Government of the land. It tells people what you can do while coming into the Country and what you should do while going out of the Country. It is a barrier that has to be crossed, and that process of crossing that barrier is called Clearance, so Customs Clearance is the process of passing the barrier that is Customs. I can give you a small example. When you go to a shopping mall, you find that the security at the gate checks your bag, they check your body, they check what you are taking inside, and they check what you are taking outside.

But what are they checking?

They only check whatever the mall owner wants to permit comes inside, and whatever the mall owners do not wish to allow remains outside.

The security decides the process of checking at some places you are frisked.  At some places, you go through a wire at some places you open your bag for them to check. Now let us replace the mall with India. 

Let us replace the security with Customs and let us replace the mall owner with the Ministry of Commerce that is the DGFT that is Director General of Foreign Trade. 

As per experts of Custom Clearance in Ahmedabad, it is Director General of Foreign Trade (who) decides what can come in and what can go out under what condition and in what form. It is a job of Customs (to) ensure that only what is permitted by the DGFT comes into the Country and goes out of the Country in the form in which it has to happen. The process of Customs Clearance generally happens through what is known as a licensed Customs Broker. A licensed Customs Broker is an agency that represents active working in it and who have passed Customs examination. This is called the Regulation-6 exam and those people who have passed the exams are authorized to act on behalf of that company or firm or on their own to undertake Customs Clearance. Read more...

Prepare for Customs Clearance Exam - Types of Custom Duty

All the Indian customs duties are defined under the Act of the Customs Act, 1962 and enable the government to levy duty on import-export, procedures for importing, exporting and offenses, etc. The Central Board of Excise & Customs (CBEC) is a division of the department of revenue of the ministry of finance. As mentioned in the CBLR exam 2018, CBEC divided into various divisions to manage all the fieldwork including, Customs, Customs preventive and Central Excise Zones, Commissionerate of Customs, Central Revenues Control Laboratory and Directorates, etc. Also, it took care of all the foreign and inland travel all the oversee proper tax administration. 

As per CBLR exam 2019 in India, here are all the types of Indian Customs Duty, 

Customs duties are levied on all goods imported into the country. On the other hand, export duties levied on some listed items mentioned in the second schedule. These customs duties are not levied on food grains, fertilizers, and some life saving drugs. As mentioned in the CBLR exam 2018, all the Indian customs duties are divided into various taxes such as, 

1. Basic Customs Duty

This duty is levied on all imported items which come under Section 12 of the Customs Act, 1962. The tax rate is levied on First Schedule to Customs Tariff Act, 1975.

2. Additional Customs Duty

This duty is levied on all the items which come under section 3 of the Customs Tariff Act, 1975. All the tax rate under this duty is similar to the Central Excise Duty charged on goods produced within India.

3. Protective Duty

This is levied for the purpose of protecting indigenous businesses and domestic products. All the rates are decided by the Tariff Commissioner.

4. Education Cess

All the items that come under this are charged at 2%, with some higher education cess 1%, which is mentioned in the customs duty.

5. Safeguard Duty

This duty comes for all those goods which are levied of the customs authorities feel that the exported goods can damage the economy of the country. 

For more details about the customs duty in India or to know more about  CBLR exam 2019 in India contact the expert team of JBS Academy on 9574005085 or chat with them on info@jbsacademy.com

Prepare for Customs Clearance Exam - How to Import Goods

All goods imported into India from any foreign country have to pass through the procedure of Customs of proper examination, evaluation, assessment, and appraisal. As it is mentioned in many Customs clearance course in India, this procedure helps the custom authorities to charge the proper tax and analyze all imported goods against the illegal import.

Import and export especially international shipments are liable to various import duties and taxes, but that doesn’t mean you have to be caught out by them. As all of it vary according to the destination and the shipment value, now you need to keep in mind that you are fully aware of what you and the receiver will have to pay. 

As mentioned in the regulations of Custom clearance in Ahmedabad, here are different types of goods which are detained by the customs office,

Various goods seized by Customs in Indian are as below,

1. When the imported or exported goods are prohibited
2. When the imported or exported goods are subjected to any condition which is not fulfilled.

 All the seized goods are first kept in a warehouse in a sealed condition under the custody of customs. Later all the goods immediately disposed of. As goods are kept on the custody until litigation is over.

 As mentioned in the Customs clearance course in India here are all the steps of importing the Goods,

1. Identifying the Supplier/Factory
2. Sampling, Sales, Pricing, Negotiation Contract
3. Packing, Loading, Inspection, Documentation and all the other Export Formalities
4. Customs Clearance, Forwarding, Shipping
5. Import Documentation, Customs Clearance, Customs Inspection
6. Trucking and Transportation to the Door Step.

For more details about customs clearance procedure in India or to know more about courses related to Custom clearance in Ahmedabad, contact the consultancy team of JBS Academy on,info@jbsacademy.com They have an expert team of professionals, they will help you in solving all your doubts regarding custom clearance, logistics, and freight forwarding.

Prepare for Custom Broker Examination: Customs Duty India

Customs Duty refers to all the types of tax imposed on the goods when they are transported to one country to another. The objective behind levying customs duty is to secure each countries economy, environment, jobs and residents, by regulating the movement of goods. Basically, it is an indirect tax that is levied on all the goods that are imported.

All the duties of the former are referred as import duty and the latter is referred to as the export duty. All the duties levied on the value of the goods, its dimensions and overall weight with a lot of other things. When it comes to value based duties, it is known as Valorem duties. On the other hand as mentioned in the Custom broker exam, all the quantity-based duties are known as specific duties. And all the values plus other factors duties are known as compound duties.

Custom Duty in India

In India, all the customs duties fall under the Customs Act, 1962. As per this act, the government levies duties on both imports as well as export goods with their prohibitions, procedures, penalties, etc. The matter pertaining to all duties falls under the Central Board of Excise and Customs - CBEC.

The CBEC works to formulate policies w.r.t the collection and imposition for customs duties such as prevention of smuggling, custom duty evasions, and many more. As mentioned in the customs exam references, It works with different divisions such as Central Revenues Laboratory, Commissionerate of Customs, and Directorates, etc.

Custom Duty Rates

All the customs duties vary from the range of 0 to 150%. Here the average rate is around 11.90%. Also, here are other types of fees that are applicable to these duties as per mentioned in the customs exam,

• Landing charge – 1% CIF
• Countervailing Duty – 0%, 6% or 12% CIFD + LC
• CEX - Education and Higher Education Cess – 3% CVD

To know more about customs duty India or to know more about Custom broker exam contact the consultancy team of JBS Academy on 9574005085 or chat with them on, info@jbsacademy.com

Prepare for Regulation 6 Examination: Required Documents for Exports Customs Clearance

In India, both imports and exports are regulated under the foreign trade act, 1992, to empower the government to make provision for the development and regulation of foreign trade. As mentioned under the regulation 6 exam, any company planning for export is required to obtain an IEC number from the DGFT. Once obtaining the IEC, the very next step for the exporter is to ensure that all the legal compliances are met under the trade laws.

Also, the exporter needs to register with the ICC -  Indian Chamber of Commerce, they issue the non-preferential certificates of origin certifying that all the goods listed for exports are originated in India. 

As mentioned under regulation 6 examination here are the required documents for the exporter,

 =>Commercial Invoice - this is the first document that provides the details about the contents of the goods. As per the experts of Rule 6 exam the exporter needs this document to obtain an inspection certificate. 

=>Bill of lading - this document is an acknowledgment that all goods are in the process of shipping or that the shipment is complete. In other words, it is a document that is evidence of the contract of transport. 

=>Bill of Exchange - this addressed to the importer to make payment at a fixed or on-demand or determinable future. Read more...

Essential Tips For The Regulation 6 Exam Applicants in 2020

Regulation 6 examination is conducted every year and it is consisting of questions regarding custom broker and its licensing. All necessary details and information would get provided by the institute. A customs broker license examination helps people pursue this profession. It's growing need and scopes says that choosing this league would be a wise choice. 

Below mentioned guidelines will assist students that what is to be required before appearing for the exam. It will certainly provide all details regarding the regulation 6 exam 2020. 

==>Students are supposed to reach the examination hall before half an hour with their identity card provided priorly. 

==>Candidates will only get an entry on the basis of the production of print out of original identity card i.e. aadhar card, passport, or pan card. 

==>All the digitalized items besides each stationary utilities are strictly prohibited in the examination hall. 

==>Each individual must be provided with a total examination infrastructure containing its examination portal along with the desktop computer.

==>The question paper must be in English and Hindi. If due to any sort of discrepancy, the English version will get prevailed. Read more...

TOP 5 CBLR EXAM 2020 PREPARATION TIPS

There are always different activities that enhance the experience. To help you in clearing the CBLR Exam 2020, here are few guidelines. 

==>Make A Plan For Studies To Manage Your Time

Make a plan to manage your time. Normally the preparation for any exams starts with the very first day when you decide to attempt the exam. Planing can help you in managing the time and to avoid getting stressed during the exam. Devise a road map that reflects the number of chapters and based on that schedule them. 

==>Make a study notes

When you prepare for the CBLR exam 2019 syllabus, you should let all the cramming part aside and make a short note while studying. Cramming can result in forgetting all the points and making short brief notes can help in remembering all the points for a longer time of period. Read more...

IMPORTANCE OF SOLVING PREVIOUS YEARS QUESTION PAPERS FOR REGULATION 6 EXAM 2020

Regulation 6 of the CBLR, 2013 provides an examination for the CHA license the rule 6 exam eligibility criteria mentioned in Regulation 5 and 6. Every year a lot of students apply for the Regulation 6 Exam 2020 and it is increasingly increasing compare to previous years and it is a good and positive sign for the logistic sector. If you’re planning to apply for the regulation 6 exam it is important for you to solve previous year question papers.
 

So, if you are still looking for clarity on the Regulation 6 Exam pattern, the previous year's regulation 6 Exam question paper is the best source. Basically, the question paper gives you the overall idea about the nature of the question, the time duration, marking scheme, all the weightage, and much more.  With practicing the previous year's papers you will get more ideas about the topics from where the questions will come. Here are some benefits you get when you refer the previous year regulation 6 Exam question paper,

===>Advisory

If you’re a beginner, it is better to practice the sample paper. After completing the sample papers, it is advised to revise all the important topics and then take the previous year's question paper for practice.

Read more...

Manufacturers, Exporters and Logistics Companies Meet in Varanasi to Expedite Trade

In view of the fact that Varanasi region is one of the highly potential manufacturing hub in India and South and South-East Asia with opportunities to develop multimodal connectivity combining Air, Road, Rail and Inland Waterways, the region is facing inherent challenges to transport goods/cargo to other parts of the country and abroad. Keeping this in mind, Qonatus Consultus in association with Exporters and Logistics associations, orgasined a National Logistics Summit at Radisson Hotel, for the first time in Varanasi.

The Summit was addressed by a number of eminent industry professionals and experts from Varanasi, Bhadohi, other surrounding areas, Kanpur, Delhi, Mumbai, Ahmedabad and other parts of the country. The speakers included Mr Amit Kumar, Deputy DGFT, Ministry of Commerce, Govt of India; Mr Umesh Kumar Singh, Joint Commissioner (Industry) Govt of Uttar Pradesh; Padam Shri Dr. Rajani Kant, Executive Director, Human Welfare Association, Varanasi; Mr Junaid A Ansari, President, Eastern UP Exporters’ Association (EUPEA); Mr Ashok Gupta, Founder President Eastern UP Exporters Association and Chairman, Banaras Beads Limited; Mr Ramesh Kumar Chaudhary, Vice Chairman, Indian Industries Association (IIA); Mr Ravi Patodia, Former Director and Member, Indo American Chamber of Commerce, U.P. Branch; Mr S Ramakrishna, Chairman, Federation Freight Forwarders Associations in India; Mr Shantanu Bhadkamkar, President, Association of Multimodal Transport Operators of India (AMTOI); Mr Samir Shah, Partner JBS Group, Ahmedabad and Immediate Past Chairman, FFFAI; Capt TS Ramanujam, CEO, Logistics Skill Council; Mr Rajeev Agrawal, Chief General Manager, Road Transport & Highways, Varanasi, Government of India and other dignitaries. Read more...

CUSTOMS BROKER RESPONSIBILITIES AND DUTIES

A customs broker is a person who clears shipments at the port of imported or exported goods. Custom brokers are responsible to ensure that all the imported and exported items meet all the regulations, packing, laws and other requirements that are mentioned under law. Also, they must be certain that all fees, documentation, taxes and other needs have been fulfilled.

Custom broker after clearing CBLR Rule 6 Exam are the gatekeepers of national, local and international commerce. It is mentioned in the CBLR exam guide that custom broker has a responsibility that has severe repercussions if not done correctly.

As per CBLR exam 2020 and Rule 6 exam eligibility guideline here are some of the Responsibilities and Duties of Customs Broker

==> Monitor entire processes and compliance to all federal regulations and customs duties.

==> Administer all personnel, ensure that all the employees at duty are well trained and they all have knowledge of all regulatory changes

==> As mentioned in the CBLR exam guide, a customs broker needs to monitor the work of all personnel and increase the ability of all employees to ensure they offer an optimal level of customer services.

Read more...

How to Crack CBLR 2019 Verbal Examination?

Particularly, CBLR is an examination for the customs brokers. As we all are aware of it that it is conducted verbally. Applicants who have cleared the written exam are selected for this further stage. One has to prepare themselves fully with their vocal and ascent skills.

2 core aspects that portray a lot about a person are confidence, loyalty, integrity and secondly, It adds the level of intellect and knowledge of a person. Which at the end sums up and creates the personality of a person. On the basis of these two aspects, A preparation of a candidate is undertaken for CBLR 2019 exam. The CBLR exam question papers for the practice is created by the professors.

Below mentioned are the useful 10 tactics which will lead to polishing your knowledge:

1. Customs Act 1962 is the heart of all the processes and regulations of customs. It is believed

that all the essential sections of the customs procedure must be learned by heart.

2. One should be known with every import and export regulation further added baggage and a

rough copy of a bill of lading.

3. Types of duties levied by the customs and how to explore HS code of an item must be

memorized by the person.

4. You are expected to know how to create and file a bill of entry and shipping bills.

5. You must be mindful of the export promotion scheme.

6. One must be crystal clear about appellate provisions and implications.

7. The person has to be precise with the whole process of all the goods that are imported and

exported in a regular span of time.

8. You should also be aware of lacking procedures and provisions.

9. It precisely complies to go through each and every rule and regulation under the CA 1962 act.

10. And lastly, They must be conscious about names and allied provisions.

Moreover, all the aspects of the CBLR exam 2019 are covered for the students. It's a very grateful opportunity for the students to get into this league and build their career lucratively. Get rest assured as pupils are trained by skilled and dynamic professionals. for more information visit here: www.jbsacademy.com

What is Customs Clearance and who are the Customs Broker?

The concept of the customs clearance procedure has tremendously decreased the rate of caused risks. Basically, It is the foremost step for importing and exporting goods to any place.

It involves representing clients and submitting as well as preparing documents. Besides, A Custom broker is playing a vital role in the whole of the regulation. It facilitates custom clearance magnificently. For getting into this field it is required to go through custom broker exams books. There is versatility in the customs clearance course in India for the applicants.

Custom clearance is essentially a sort of permission that permits the imports and exports with complete documentation. It ensures the other party for the safety and security of their consignment. Different kinds of customs clearance course in India is running successfully.

Whereas, A custom broker is a person who deals with the total process of customs clearance. When we have to import or export any consignment at that time it works as a broker in cracking the deal. Thus, Custom broker is also termed as a mediator.

By wrapping up, I would like to suggest JBS academy where you can find proficient and skilled professors. Your every query and doubt will surely get solved thoughtfully. If you are preparing for Custom Broke Exam or Regulation 6 Exam, do visit here.

How to Grow your Freight Forwarding Business - JBS Academy

Operations of any business can be beneficial for your business as it helps you by cutting costs and delivery time. Overall it results in profit and growth in market share for the business. As per diploma in freight forwarding courses providers here are different types of logistics business that anyone can start,

1. Freight cargo services

2. Warehousing services

3. Air cargo services

4. Third-party logistics (3PL)

Here are few things which are mentioned in freight forwarding short courses to take care to grow your freight forwarding business,

Registration and Compliance

Like any other business, logistics services require registration and also government compliance. When it comes to India here are some mandatory registrations,

–For Freight forwarders, you need to register with International Air Transport Association (IATA) and ACCAI – Air Cargo Agent Association of India
–After that you need registration in India to include DGFT registration, Income Tax Department registration, Registrar of Companies and other departments.

For more details on registration and compliance take a look on some study freight forwarding programs.

Investment

When it comes to logistics business, the amount of investment in the business depends on the services that the company intends to do. For instance, set up you need more capital and in freight management service you require less investment compared to the third-party logistics company.

Risk

Risk management plays a key role in any logistic business especially in a developing economy like India. Here the risk of a claim is extraordinarily high. So, it becomes essential to take insurance for the business when things don’t go as per your plan. Here the risk of theft, Cargo damage, environmental damage, and such other things can cause serious issues in business and enable the business to work effectively.

Competition

With liberalization many multinational companies are easily entering in the Indian logistic sector. Which somehow increasing the competition that can create problems for many local logistic businesses. As multinational companies have a large amount of capital which attract heavy player to work with them.

Want to know more about logistic businesses or want to study freight forwarding short courses contact the consultant team of JBS Academy, they offer some of the diploma in freight forwarding courses and help you in preparing for examinations like regulation 6 and more. Get more information, chat with the team on info@jbsacademy.com or call them on 9574005085

Steps to Apply for Regulation 6 Examination 2020

Each year the number of applicants for this regulation 6 examination is increasingly increasing compare to previous years. And it is good for the logistic sector, as the ICD's and new ports are coming they require more qualified and professionals CBLR’s. If you’re preparing for Customs Broker Licence Exam, here are a few steps that help you in how to apply correctly to avoid rejection of your application for Rule 6 exam 2020.

Here are guidelines for Rule 6 examination 2020,

1. You need to apply in form A, this form is a part of Customs Brokers Licensing Exam you can obtain from there also.

2. Next, you need to submit an affidavit on stamp paper of Rs. 100

3. Attach a copy of identity proof of PAN Card or Aadhar card self-attested should be enclosed.

4. Two passport size photos out of which one for a Gazetted Officer or Customs Broker

5. Copy of educational qualification such as 10th and 12th mark sheet copy, MBA or other degree program mark sheet copy. 

6. ID or Address proof such as passport, Aadhar card or Voter ID issued by Election Commission of India

7. Bank solvency certificate mainly issued by a Scheduler bank for the Commissioner of Customs (General), which shows that the applicant of Rule 6 examination owns assets of Value of not less than Rs. 500000/-

8. Details copy Professional of degree for Professionals

9.  For G-card holders - 

(i) Copy of Customs Broker Licence

(ii) Copy of "G" Card

(iii) Details of G-card exam such as year of passing the exam, roll number and a copy of the result.

10. Lastly, you need to deposit Rs 500 as an application fee paid through TR-6 challan to the commissioner of customs and enclose original TR-6 challan with the application documents of Rule 6 exam. 

For any doubts or for more details about the regulation 6 examination 2020 you can chat with the consultant team of JBS academy. You can also call them on 9574005085 or for chat visit the site: jbsacademy.com

Key Mistakes to Avoid in Import Export Industry

The import-export industry is one of the fastest-growing industries as it provides high returns or profits. As per the well known Import Export Institute India, with the development the import and export have changed as we now have better transport management and opportunities at a larger scope and government are promoting the export of goods and services from one country to another. Anyone who wants to expand their business at a global level the import-export industry helps in earning more profits. Also as per the Import Export training courses provider, this industry contains higher risks and it can affect the profit margin business can earn.

Here are some common Mistakes to Avoid in Import Export Industry as per the Import Export Institute.

1. Sign a contract without confirming the buyer/seller legitimacy

Many small traders and manufacturers want to import and export internationally, but do not give much importance to check the reliability of the importers. As per the analysis shown in Export Import courses, there is an end number of fake company profiles and product portfolios so before you take any step make sure you check the reliability or the legitimacy of the buyer or seller.

2. Understanding the Country Regulations

Also, it is important to know about certain countries norms which allow only a few products and restricts some goods from other countries. Overall it will help you in saving a large amount of money as well as save your time.

3. Insurance of the Goods Supplied or Imported

A very important factor when you trade internationally makes sure that the goods supplied or imported will reach safely, loss or damage occurs your goods or items were insured before it was dispatched from the importer’s side or from the transportation authority. While trading the goods and services in an international market, insurance of the goods is a way to secure your products. Avoiding may result in unbearable losses of products and your capital.

4. Not Paying Attention to the Exchange Rates

Many business owners many times avoid foreign exchange rates while exporting or importing goods from one country to another. It happens as the traders overlook the risk factors and they only focus on the profit margins. But the reality is different, the exchange rate fluctuation affects the most, and it might be a reason to lose a major margin.

5. Lack of Import Export Knowledge

It is a common myth that any small or medium enterprise can easily supply a particular product in the foreign market without getting trapped in any losses. Understanding the basic import-export regulations before starting a business is a must to be on the safer side and it helps you in reducing the risk of penalties by sending their consignments on time.

To know more about the import-export rules and regulations you can contact the consultant team of JBS Academy - the best Import Export training courses provider in India. Want to know more about Export Import courses, you can chat with them on 079 -2754 0463 or directly call them on 079 -2754 0464

How to Prepare Yourself for CBLR Examination

Tips for CBLR exam preparation

Here are some of the steps to study for the CBLR exam 2019,

• Download or collect at least the past five exam papers, and study the CFR/HTSUS/directive section tested in each question. As it will give you a brief idea about what you need to study for the exam and whatnot. Put a mark or highlight the repeated questions in all five papers.
  
  
• Find the question CBLR exam paper with the answers and prepare accordingly.
  
  
• Take the rest of the exams related CBLR for CBLR exam preparation and attempt under timed conditions.
  
  
• Practice for the exam until your scores are consistently in the passing or your decide to range.
  
  
• Try to memorize all or key chapter numbers in the table of contents of the regulations.
  
  
• Make sure you have an idea of how the HTSUS is set up in the beginning.
  
  
• For any doubts or any query related to CBLR exam Question paper don’t hesitate to ask questions to your mentor or any senior faculty.

How long do you need to study for the CBLR exam 2019?

The obvious answer to this question is to study for the exam as long as it takes. Everything depends on the amount of time you devote to studying, it could take a few weeks, a month, a few months or a year.

Also as per the experts, if you aren’t ready for the exam by the time the actual exam rolls around, just cancel your CBLR exam paper in advance, get the expected refund fees, and try to attempt the next test.

I hope that the above tips will help you in passing the CBLR exam Question paper. For any doubts regarding Regulation 6, CBLR, CHA and Custom Agent exams you can directly contact the consultant team of JBS Academy on, 079 -2754 0463 or  info@jbsacademy.com. They will guide you and solve your doubts regarding any custom and logistic related exams. 

Easy way to clear Regulation 6 oral exam 2019

The importance of logistics is increasing in many manufacturing companies as they are producing and distributing products all across the world. Also, it increases the demand of such logistics activities as warehousing, transportation, material handling, and such other value-added services here professional third-party service providers enable companies to get customized logistical support when you focus on your core organizational activities. After the globalization in India, businesses are more focusing on the demand for logistics operations. Overall by preparing Regulation 6 Exam, Customs Brokers Licensing Regulations Examinations you can get the better idea for logistic regulations in India.

The written exam of regulations 6 courses are conducted in January and its results are declared at the end of May month. After clearing the written exam, you need to appear for the oral exam of regulation 6 exam. The applicant can clear the Customs Brokers Licensing Regulations Examination in the maximum of six attempts under 7 years.

There are two aspects of the oral exam, one is your personality, integrity, honesty, character, and confidence and the second one is your knowledge. Here are some points to consider when you’re preparing for Regulation 6, Customs Brokers Licensing Regulations Examinations

• You must be aware of all the import and export procedures including baggage and Kachcha  Bill of Entry.

• You must know different ways to prepare and file all shipping bills and Bill of Entry

• You must be aware of export promotion schemes

• You must know different ways to find HS code for an item.

• Also, you need to know all types of duties levied by the customs.

• You must be aware of all the major provisions of allied acts and their names.

• You should be aware of appellate and drawback provisions and procedures.

Prepare yourself for Regulation 6 oral examination and know all the details about the above point in Regulation 6 courses provided by JBS academy. To know more about the logistics related courses you can contact the consultant team of JBS academy on, info@jbsacademy.com

4 Pin-Points To Deal With Custom Clearance

Today’s scenario of global trade has completely taken a twisted and dynamic turn. Every business has built an international as well as national relations. But before commencing any kind of business, It is mandated to see the procedure of customs clearance. There are specialized institutes of custom clearance training. The trend of developing globalized relations for doing business has helped extremely in our economy. Also, A Diploma in Custom Clearance Course is a highly recommended course. While shipping the goods and products through any means, It is our core duty to check the documents thoroughly. Details are necessary to be filled and submitted while doing custom clearance.

All the right and complete documents must be there so that there occur no problems. Its Institute of custom clearance gives a clear idea about the documents to be carried out with the suppliers and customers. This is surely a time taking process which involves a lot of paper-work and documentation.

Institute for Custom Clearance Training helps impeccably to all the professionals. For those who have pursued a diploma in custom clearance course. 4 essential documents required while doing custom clearance are as under:

Detailed Invoice:

It is important for every league to prepared precis invoice of their shipping goods. All the details regarding price and weights must be clearly mentioned. If the rates seem to be dubious then the

verification may not get cleared. It is under the observant officials of customs. During, Making of the invoice it is rather necessary to check all the minute details.

Packing:

your invoice needs to cover all the details you would prefer to export. Having a packing list is an obligation which aids in distinguishing individual carton and to who it concerns and if it meets as recorded on the invoice.

Certificate Of Origin:

This certificate can benefit from getting availed from promising tariffs for import charges. In that incident, The export agency will originate the certificate for thee to offer for the Customs clearance means.

Shipment Receipt:

While the cargo shipping, it is necessary to ought to have an ‘On Board Bill of Lading’ which implies that the freight has been placed or embarked the ship. This is one of the documents demanded of payment from importer to the exporter.

Thus, all type of lessons and knowledge is provided in the Institute of custom clearance training. A Diploma in Custom Clearance Course is needed to pursue this career. Excellent service and teaching are given by our experienced professionals. For more information, you can visit our website JBS Academy Or call on 079 -2754 0463 

Introduction to Freight Forwarding

The freight market is full of different types of transport providers, they all are the people who help in meeting the requirements of the nation and international trading enterprises which transact business globally. The companies who transport the freight globally are known as “Freight Forwarders” or “Freight Forwarding Companies”. Also, there are other names which are used to describe the depth and range of the services provided by the freight provider.

Some of those common terms are:

• Multimodal Transport Operator
• Supply Chain Management Companies
• Non-Vessel Owning Common Carrier (NVOCC)
• Integrator
• Global Logistics Manager
• Information Broker etc..

Freight forwarding courses pass out forwarders work as intermediaries between the businesses that hire them, and the various services transportation is responsible for getting their goods to overseas customers such as carriers, handlers and customs officials. The number of operatives works in bringing items from suppliers to customers mainly depends on the final destination of the shipment. But the overall objective is always the same such as ensure the delivery of undamaged products and by decided dates as there are more chances that a product breaks during shipping. 

Freight forwarders can be local, national and international depends on the product transportation they play role in the industry. Overall, freight forwarders are those who run a small business, tend to deal with customers only from their local area, focusing on a particular type of traffic. And the national freight forwarders are people who have offices in various places or cities within the country. Also, they may have a good network of local agents and other third-party freight forwarders.

The role of the forwarder is to take up the responsibility of organizing the transport details and managing the arrived freight at the destination in good condition and on time. Some of the experienced freight forwarders offer other additional services including customs brokerage, inventory setup and management, haulage and various other carriages such as shipping and overseas marketing consultancy services, etc. Learn more about Freight Forwarding and logistics with the help of Freight forwarding courses from JBS Academy, they have industrial expert. Contact them to solve your all doubts on 07927540463 Or jbsacademy.com

An insight over the Import Duty its Different Types

What is Import Duty or Custom Duty?

Import duty is a type of indirect tax and is applicable to all imported goods and a few goods exported out of the country. Duties on import of goods are known as import duty and duties on exported goods are known as an export duty. Countries globally levy custom duties on import or export of goods as a means to get more profit. Customs duty is varied as per the value of goods or it’s weight, dimensions and many other factors. Value-based duties on goods are called as ad valorem duties and weight or quantity based duties are called specific duties. For more one can learn Customs clearance course in Pune.

All custom duties in India are defined under the Customs Act, 1962. All matters related to import duty and export duty fall under the CBEC - Central Board of Excise & Customs. They formulate policies that concern with levying of customs duties, smuggling prevention and administrative decisions related to customs formations.

As per the Customs clearance course in Kolkata, the Indian government levies various types of import duties on goods such as,

Basic Custom Duty:

This duty is applicable to items imported under section 12 of the Customs Act. All that duties are levied at the rates mentioned in the schedule to Customs Tariff Act, 1975, specifically in Section.

 Protective Duty:

Protective duty is used to shield the domestic industry against imports as per the rates decided by the Tariff Commissioner. 

Education Cess:

Education Cess is a duty which levied at 2% and higher cess at an additional 1% of the aggregate of customs duties.

Anti-dumping Duty:

This duty may be imposed if the imported goods are below fair market price, and it is limited to normal price and export price (dumping margin).

Safeguard Duty:

Under the Customs clearance course, it is mentioned that this duty is levied if the government feels an uncertain increase in exports can damage the domestic industry.

To learn more or to learn Customs clearance course  contact JBS Academy on,079 -2754 0463/079 -2754 0464 

India-Iran-Afghanistan – Historic Pact For Trilateral Transport & Transit Corridor By Kishor Bhatt

“Once we make up our mind, the distance between Kaashi and Kaashan is only half a step.” – Ghalib (Quoted by Narendra Modi during his recent Iran visit)

After the lifting of international sanctions on Iran following its contentious atomic programme, Prime Minister Narendra Modi on 22nd may 2016, left for Iran on a two-day official visit. Mr. Modi is the first Indian prime minister visited Iran in 15 years. Earlier, the then Prime Minister Atal Bihari Vajpayee had visited Iran in April 2001.

Connectivity, energy security, investment, and bilateral trade are on top of Mr. Modi’s agenda during his visit. Mr. Modi also inaugurated an Indian cultural festival in Iran on Monday. India signed several deals, including on sharing intelligence to combat terrorism and increasing cultural and technology contact.

The most noteworthy of the 12 agreements signed between Modi and Iranian President Hassan Rouhani is India’s investment of $500 million into developing Iran’s Chabahar port, considered an important entrepôt leading to Afghanistan and onward to Central Asia.

Agreement on setting up of an aluminium plant and on laying a railway line to give India access to Afghanistan and Central Asia was also signed.

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