Import & Export
R & B provides its clients an array of broad services under Import & Export Practice
In India, the imports and exports are regulated by the Foreign Trade (Development and Regulation) Act, 1992. The current provisions relating to exports and imports in India are available under the Foreign Trade Policy, 2015-20.
Import procedures:
Typically, the procedure for import and export activities involves ensuring licensing and compliance before the shipping of goods, arranging for transport and warehousing after the unloading of goods, and getting customs clearance as well as paying taxes before the release of goods.
Export Procedures:
A company planning to engage in export activities is required to obtain an IEC number from the regional joint DGFT. After obtaining the IEC, the exporter needs to ensure that all the legal compliances are met under different trade laws.
Services Provided:
- Obtain IEC
- Ensure legal compliance under different trade laws
- Assisting in procurement of import licenses
- Assisting in Filing of Bill of Entry and other documents to complete customs clearing formalities
- Assisting in determining of import duty rate for clearance of goods
6. Assisting in Registration with the Indian Chamber of Commerce (ICC), which issues the Non-Preferential Certificates of Origin certifying that the exported goods are originated in India.