This document outlines the key steps and procedures involved in importing goods across international borders. It begins by defining what an import is and noting that imports are limited by quotas and taxes. It then describes the pre-import procedures such as selecting the right product and supplier. The main steps in the import trade procedure are listed, including obtaining licenses, negotiating with suppliers, arranging letters of credit and shipping. Legal dimensions like signing contracts and obtaining import licenses are also covered. The customs formalities for clearing imports through customs are explained. Finally, the document discusses retiring the import documents once the shipment is received.

1. Presented by:ANIL PRAJAPATI
ROLL NO.132531
CHIRAG MOILY
ROLL NO.132521
TUSHAR PHALKE
ROLL NO.132530
HEMANT SHETE
ROLL NO.132534
KULDEEP DAREKAR
ROLL NO.132505

2. TOPIC:IMPORT
PROCEDURE

3. MEANING:• An import is a good brought into a jurisdiction, especially
across a national border, from an external source. The
purchaser of the exotic good is called an importer. An
import in the receiving country is an export from the
sending country. Importation and exportation are the
defining financial transactions of international trade.
• In international trade, the importation and exportation of
goods are limited by import quotas and mandates from
the customs authority. The importing and exporting
jurisdictions may impose a tariff(tax) on the goods. In
addition, the importation and exportation of goods are
subject to trade agreements between the importing and
exporting jurisdictions.

4. PRE-IMPORT PROCEDURE
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To select the right product
To select the right supplier
Ti find out creditworthiness of supplier
To seek service of supplier’s agents
To approve sample

5. STEPS IN IMPORT TRADE PROCEDURE:
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Procurement of licence
Preliminary negotiations
Procurement of quota
Obtaining foreign exchange
Placing incident
Despatching letter of credit
Appointment of c & f agent

6. •
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Receipt of shipment advice
Receipt of document
Obtaining delivery order
Clearing of goods
Payment of c & f charges
Making the payment
Follow-up

7. LEGAL DIMENSION OF IMPORT
PROCEDURE
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To sign import contact
To finalise pricing within INCO terms
To finalise payment terms
To collect IE number
To obtain import licence
To get foreign exchange sanctioned
To undertake financial planning
To obtain L/C from the bank

8. CUSTOMS FORMALITIES FOR IMPORT
• Submission of import general manifest
• Preparation of bill of entry
-bill of entry for home consumption
-bill of entry for bonded goods
-bill of entry for ex-bond clearance
• Service of customs house agent
• Noting of bill of entry

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Bill of entry of presented for appraisal
Payment of duty
Physical examination of goods
Issue of release order
Penel action

10. RETIREMENT FOR IMPORT
DOCUMENTS
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Intimation from supplier
Retirement of import documents
Preparation of bill of exchange
Scrutiny of documents
Service of C & F agent

11. THANK YOU