OBJECTIVE OF THE PROJECT

OBJECTIVE OF PROJECT-

 PRIMARY OBJECTIVE -
“To study Import Procedures, Documentation and Custom Clearance At Elkay
Chemical Pvt.Ltd.”

 SECONDARY OBJECTIVE -
1. To study concept involved in Import business.
2. To study import business of Elkay Chemical Pvt. Ltd. with focus on
custom clearance.
3. To study the Total import business of Elkay Chemical Pvt.Ltd. over the
period 2005-2009.
4. To study the stages involved in import of Elkay Chemical Pvt. Ltd.
5. To find out the observation & suggestion of Elkay Chemical Pvt.Ltd.
 RESEARCH METHODOLOGY

DESK RESEARCH METHOD

The methodology adopted for acquiring the required information regarding the import
business & custom clearance of Elkay Chemical Pvt. Ltd. By me was desk research method
in which manager & other staff’s members at desk used to provide the information data about
the company.

DATA COLLECTION:

The data has been collected using:

1. Primary Data.
2. Secondary Data.

A. PRIMARY DATA:
Primary data was acquired through frequent discussion with Manager of Purchase and
Logistics Department Mr. Vishwnath D.Patil.

B. SECONDARY DATA:
This data has been collected from the annual reports, submitted broachers as well as
different books on Import business of the Elkay Chemical Pvt. Ltd.
 DATA ANALYSIS & INTERPRETATION

TOTAL IMPORT BUSINESS FOR 5 YRS.

Year Import(in million)
2005 300
2006 350
2007 320
2008 280
2009 310

IMPORT
400
350
350
320 310
300
300 280

250
IMPORT
200

150

100

50

0
2005 2006 2007 2008 2009

Chart – 1. Import Business.

INTERPRETATION:
The above graphical representation shows total import business for five years. Imports are on
average excluding in the year 2008 because of economic slowdown. Imports have goes down
in the year 2008 from 320 to 280 that of 2007.

ELKAY CHEM. IMPORT BY REGION

Table – 2 Import by Region.

Year Asian Pacific Europe USA

2005 45 37 18
2006 43 38 19
2007 48 40 12
2008 40 41 19
2009 46 38 16
(fig in percentage)

48
50 46
45
43
45
40 40 41
37 38 38
40

35

30
Asian Pacific
25 Europe
18 19 19 USA
20 16
15 12

10

0
2005 2006 2007 2008 2009

Chart 2 - Import By Region Wise

INTERPRETATION:

The substantial growth seen from Asian Pacific region. As compare to Europe and USA the
import increases from Asian Pacific region because of availability of raw material as per
requirement.

Product wise Import.

Table2.Product wise import
YEAR METHYLE HYDROGEN POLYMETHYLE OTHER
SILICONE SILOXANE
2005 45 39 16
2006 43 35 22
2007 42 37 21
2008 48 30 22
2009 44 32 24
(fig in percentage)
 60

50 48
45 44
43 42
40 39
37
35
32
30 Methyle Hydrogen Silicone
30
Polymethyle Siloxane
24 others
22 21 22
20
16

10

0
2005 2006 2007 2008 2009
Cha
rt3.Product wise import

INTERPRETATION :

From the above graph it is seen that Elkay Chemical importing the chemical waste as per the
product demand. In the above graph methyl hydrogen silicone is demanding more as compare
to polymethyle siloxane and other chemical waste..
 LIMITATIONS

 Limitations of the study are:

 The authority of company does not give confidential information due to their
policies.

 Due to busy schedule of the Staff members it was not easy to interact with
them to get information.

 It is not possible to every one to interact with custom officer for getting their
work done.

 It’s not possible to get work done in time because of time consuming and
lengthy process.
  Sometimes the port or custom authority is not allowing to enter in restricted
area, so its not possible to see or to understand the internal process of yard or
custom house.

OBSERVATION

SUGGESTIONS

From the study I would like to quote few suggestions to the organization relating to Import –
Procedures, Documentation and Custom Clearance.
1) There are always / sometimes Changes in the Rules and Regulations or any other changes
in the Import Procedures, Documents and Custom Clearance. Company should arrange such
introductory sessions and training programs for the employees to get the thorough knowledge
and create awareness
.

2) The person who is working as import executive or import manager should have to update
his knowledge by time to time for getting touch in current rules and regulation of government
as well as trade policies .

3) A company can take advantages of various government scheme and policies by updating
the current trend as well as knowledge.

CONCLUSION
From the study I would like to conclude following for my summer project in the organization
relating to Import – Procedures, Documentation and Custom clearance.

1) The import procedure is a very long and lengthy it moves only step by step. The
import procedure includes assessment of custom duty, valuation of goods etc. the
procedure start from filling of bill of entry and end after getting out of custom charge.

2) The most important part of import business is documentation. A proper

documentation help to government for calculating the duty as well as organization to
determine the value of goods.

3) Custom clearance is important department of government. It plays a crucial role in

collecting duties as well as restricted the illegal practices in import and export. the
main and important function of custom is to collect taxes on imported goods and
restrict the illegal export.