IMPORTED GOODS.

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€ Source of revenue € Checks smuggling € Regulates trade € Undertakes agency functions € Collects trade data .€ Goods imported attract customs.

Unrestricted items Restricted items Capital goods Advance licensing .

. € An intending exporter has to check ITC(HS) Classification.€ Import of goods having restriction under Import policy 2002-07 cannot be imported. € Only requirement is payment of import duties.

€ Import of such items not a matter of right but privilege extended by government. € It is known as NEGATIVE LIST. .€ Import license required to import restricted items. € Justification for import of such items required.

sold or otherwise disposed off within 2yrs. € Export Promotion Capital Goods Scheme. and arrangement of custom clearance. € The only requirement is payment of applicable import tariff.€ Import of capital goods is liberal. . € Should not be more than 10yrs old € Cannot be transferred.

€ It includes raw materials.€ Import of raw material under Duty Exemption Scheme. € Export obligation imposed on importer. components. packaging materials. € Duty free license to import for the purpose of export. spares. .

€ Exchange Control Copy of the Import License. € Form A-1 for sending remittance to the exporter. . if applicable.The importer is required to fulfill the following documents to the bank: € Letter of authorization to debit his account along with the bank charges.

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6. 5. 4. 3. 2. 7.H. Payment of duty Physical examination as per exam order Release order Confiscation of goods . Presentation of bill of entry for noting Presentation of bill of entry for appraisal.1. 9. 8.A. Arrival of goods & import general manifest Preparing bill of entry Services of C.

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PRESENTED BY: NAZLI ZAFAR PRASHANT SINGH .

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