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...