What documents are required for Customs Clearance?
- Import Invoice.
- Packing List
- Bill of Lading / Airway bill.
- Insurance and Freight certificate.
- Purchase order/ Proforma Invoice
- Technical write up, literature etc. for specific goods if any.
- Industrial License if any.
- RCMC. Registration cum Membership Certificate if any.
- Test report if any.
- DEEC/DEPB /ECGC or any other documents for duty benefits.
- GATT declaration.
- Any other specific documents other than the above mentioned.
- Export Invoice
- Packing List
- Tax Invoice
- DBK Declaration
- LUT Bond (if any)
- Suppliers’ Tax Invoice (if any)
- Purchase order/ Contract
- Industrial License if any.
- Other Agencies Licenses (if any)
- Test report if any.
- Any other specific documents other than the above mentioned.
Some goods are subject to other government department regulations and may require permits or certificates. It is important to determine these specifics prior to importation to ensure that your goods are compliant. In the event of any problems such as awaiting import licenses, we can transfer the goods into our bonded warehouse and reduce any costly storage bills associated with airline/port facilities.
Unless exempt, all commercial goods imported into India are subject to customs duty and taxes. In order to determine the applicable duties and taxes payable, you must first determine their tariff classification. In addition to customs duty and taxes, some goods are also assessed in relation to other taxes, including Cess and anti-dumping duties.
Risk Management: A customs broker will ensure that the importer is meeting the many new conditions under Indian Customs Laws. A customs broker will assist the importer with the complexity of GST regulations, enabling him to take advantage of GST and other agreement opportunities that can have a significant impact on the firm's bottom line in reducing duties and taxes A customs broker stays abreast of the growing number of rules, regulations, and conditions. A customs broker provides the timely delivery of goods, which is critical for good client service. Flexible staffing Customs brokers alleviate the need for importers to have staff with specialized customs knowledge and so frees up the importer to concentrate on revenue-generating core competencies. Customs brokers manage peaks and valleys of importing volumes, creating automated entry documents from previously classified goods. This work is generally clerical in nature with some demand for knowledge of customs entry regulations. Customs brokers provide post-entry work that may take the form of a refund or other payment amendment request to the GST. Changes in information regarding the description, value, quantity or origin of the imported goods often requires further processing. Customs brokers provide shipping advice and monitoring and tracking of goods. Decreases the importer's fixed costs New technology on the part of the customs broker gives importers the ability to gain control over importing information without taking on the function. Brokerage Fees Customs broker fees are usually only a small portion of your company's overall importing cost.