A Licensed Customs Broker plays an essential role when it involves the method of Customs Clearance in India. Customs Clearance is important for each Export or Import consignment before it crosses the borders of the state. It also features a major role in national and international security. The Exporter and Importer need to submit a group of documents to get through the method.
Most ventures have a Customs Broker facility. A Customs Broker may be a licensed organization who has the command to undertake the Customs Clearance process.
In order to realize a license, the aspirants need to undergo an Exam conducted under Regulation 6 exam of the CBLR 2020. In India, the license for a Customs Broker is issued for a period of 10 years, consistent with regulation 6 of the CBLR 2020. The Customs Broker must apply for resumption of the license one month prior to the date of expiration of the license.
The license of a Customs Broker is issued by the Central Board of Indirect Taxes and Customs Department of Revenue. With this license, a Customs Broker is legally authorized to assist companies, Importers, and Exporters within the process of Customs Clearance. There are amendments made within the examination and therefore the authorities concerned with it at certain points of your time, but the core agenda of the examination remains an equivalent. It makes a Customs Broker a licensed one, which successively exposes a plethora of chances for a Customs Broker to explore. it's not mandatory for companies to rent a Customs Broker to assist them in Customs Clearance, but having a licensed Customs Broker always takes the load far away from them.
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