Full Details of Import Procedures

1. 6290648
IMPORT
BY
JIGNESH BABU AJANI
FISHFA RUBBERS LIMITED
EXPORT MANAGER
HAND PHONE - +918866290648
lecture on Import Export

2. • Exports are the goods
and services produced in
one country and
purchased by citizens of
another country.
EXPORT
• An Import is a Good or
Service brought into one
Country from another.IMPORT

3. Barter System

5. Export
+
Import
Transportation
Custom
Bank
Shipping
Line
+
Air Line

6. History of India Export Import
• India Exports Goods Like Hand Woven
Silk, Rice, Sugar and Wheat.
1953-
1971
• “All exports are good, All Imports are
Bad.”
1972-
1990
• End of License Raj
• Economic Liberalisation In India
• Foreign Direct Investment
1991-
2009

7. Top 10 Export
Commodity In year 2014
Rank Commodity HS Code Value (US$ billion) Share (%)
1 Refined Petroleum 27 61.2 19.2
2
Gems, precious metals,
coins
71 41.2 13
3 Vehicles 87 14.5 4.6
4
Machines, engines,
pumps
85 13.6 4.3
5 Organic chemicals 29 12.1 3.8
6 Pharmaceuticals 30 11.7 3.7
7 Cereals 10 10.1 3.2
8 Iron and steel 72 9.1 2.9
9
Clothing (not knit or
crotchet)
58 9.1 2.9
10 Electronics 85 9.1 2.8

8. Top 10 Import
Commodity In year 2014
Rank Commodity HS Code Value (US$ billion) Share (%)
1 Oil 27 177.5 38.3
2
Gems, precious metals,
coins
71 60 13
3 Electronics 85 32 6.9
4 Machines, engines, pumps 85 31.2 6.7
5 Organic chemicals 29 18.3 4
6 Plastics 39 11.8 2.6
7 Iron and steel 72 11.4 2.5
8
Animal/vegetable fats and
oils
15 10.7 2.3
9 Ores, slag and ash 26 7.4 1.6
10
Medical and technical
equipment
90 7.1 1.5

9. Trading
Partners
India
UAE
USA
Iraq
Japan
Saudi
Arabia
Germany
Singapor
e
Hong Kong

10. Import System

11. Mother Vessel
Feeder Vessel

13. Import Order
Process

14. Import
Docs. From Exporter
 Commercial Invoice
 Packing List
 BL or AWR
 Insurance
 Origin Certificate
 Test Reports of the Products
 Fumigation Certificate
 Photos
 Catalogue

17. Import
Docs. For Clearance
 Commercial Invoice
 Packing List
 BL or AWR
 Insurance
 Origin Certificate
 Test Reports of the Products
 Fumigation Certificate
 Photos
 Catalogue

18.  GATT Valuation Declaration Form
 Checklist Copy
 Importer’s Declaration
 CHA Authority Letter
 Import License (If Require)
 Letter of Credit (If Require)
 Duty Payment (Chalan, License)
 Advance License
 EPCG License
 Other Documents

19. 1)
• Import Documents
2)
• Bill of Entry Procedure
3)
• Custom Clearance

21. Bill of Entry
Filing
System
 Arrival Notice from Shipping Line
 How to File the Bill of Entry?
 Detail View of Bill of Entry
 Mismatch Details in the BOE and Penalty.
 Checklist of BOE and Duty Payment Procedure.
 Importance of Bill of Entry
 No. of Bill of Entry
 Original Copy
 Duplicate Copy
 Triplicate Copy
 Custom Purpose Copy
 What are the main Changes in Current
System

22. Types of Duty
In Excise Act
 What is Import Duty? Why?
 Assessable Value of Goods
Types of Duty (In Excise Act)
 Basic Custom Duty (BCD)
 Countervailing Duty (CVD)
 Education Cess
 Custom Cess
 Additional Duty (SAD)
 Anti Dumping Duty
 Safeguard Duty

23. Types of Duty
In GST Act
 What is Current Structure of Duty?
 What is the main Reason for Change of Import
Duty?
 Pros and Cons of Current Duty
Assessable Value of Goods
Types of Duty (In GST Act)
 Basic Custom Duty (BCD)
 IGST Duty (CVD + SAD)
 Education Cess
 Custom Cess
 Anti Dumping Duty
 Safeguard Duty

24. Procedure After
Custom
Clearance
 Need to Move Cargo from Port or CFS to
Warehouse or Factory.
 Transportation for the Cargo or Containers.
 Shipping Line Bond for De-stuffing of Goods for
Factory or CFS.
 Weight Measurement and Agency Inspection.

25.  http://www.dgft.gov.in/
 http://www.cbec.gov.in/htdocs-cbec/central-excise
 https://icegate.gov.in/
https://www.msc.com/
http://commerce.gov.in/
https://www.gst.gov.in/
http://www.hscode.org/