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Dated: 22.04.2022

Importing goods in India- simple steps for a smooth import procedure

S.J. EXIM Services offers consultancy and advisory on various sorts of issues that an Importer or Exporter faces in their day-to-day operations.

Entrust us to be a part of your teams smooth EXIM journey and sit back and relax!

We will take your through all your EXIM procedural needs/legal needs/compliance advisory/impeccable documentation/Policy related functions procedures and compliances in India.

There are some simple steps that an Indian importer can follow to avoid any hassle, across any Indian customs port, irrespective of their product or industry type.

Suggestions:

1. First & foremost Pls recheck on the applicability of any special import license, if required for your products before effecting any shipment from overseas- Kindly ensure you have them ready before the goods are shipped out by the supplier
2. Be very clear about your products description & applicable ITC(HS) classification that you intend to import in India- Ask the supplier to share all product related literature before preparing the shipment related documents
3. Check the Draft documents firstly and ask the overseas supplier to first share the sets of draft documents related to the goods before finalizing the same- Most Importers ignore the importance of this stage & almost 80% of the issues are found at this stage
4. Kindly check if there is any FTA/PTA/CEPA between India and the respective exporting country- in case you wish to avail import duty benefits, if available
5. Ensure that the goods are covered under appropriate Marine/Cargo/WH Insurance from end to end- take a separate Insurance to avoid any unforeseen risks, it does not cost that much at all
6. Recheck the correct applicable INCOTERMS
7. Based on the INCOTERM the draft documents from the Freight Forwarder/Shipping Line/Airlines needs to be checked too before the ‘FINAL’ copy is issued- Another area where many Importers miss out something or the other
8. It is always advisable to file a Prior Bill of Entry (BoE), at least 7-10 days in advance (in case of Sea shipments) & 1-2 days in advance (in case of Air shipments), in the wake of faceless assessment environment- any query/clarification request raised by the Indian customs can be addressed at this stage itself, in case the evaluation at the earlier stages as mentioned above are not done, and necessary corrective measures can be initiated before the actual consignment arrives so as to avoid any detention or demurrage at the port- Your CHA might be highly reluctant to file the Prior BoE anyway, but persuade them to do so to avoid future risks
9. Once the cargo is cleared ensure a timely issuance of GST eWay bill for a smooth movement of the imported goods from the port of import to your factory/warehouse etc
10. Maintain all appropriate records documents, invoices, BoE etc- Audit can be done by customs authority up to 7 years from the date of import, depending on case-to-case basis only

In case you face any issues related to Indirect Tax-Customs, GST, Foreign Trade Policy (FTP), Arbitration matters and Central Licensing and related advisory matters in India then please feel free to get in touch with SJ EXIM Services. We offer Legal advice and litigation support in matters related to Indirect Tax-Customs, FTP, other Indirect Tax matters & Arbitration law, all sorts of Central licensing and related matters. Come and explore the new way of doing business with us!

We also offer railway rakes across India at the nearest railway siding of your choice. We Are a registered/authorized resellers for Railway rake bookings. Pls connect for your bookings for Wagon, Mini Rakes (20 wagons), Full rake cargo. Our organization code with Indian Railways is SJEX.

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Disclaimer:

1. The views are of the Author based on his/her interpretation of the relevant information/documents, applicable law, and government policy and there is no assurance that a court or tribunal or regulatory body or other governmental authority may not interpret it differently.
2. We are not responsible for updating or revising this article on account of any change in law or interpretation thereof or a change in events or circumstances informed or occurring after the date of this article unless specifically requested for it.
3. Our advice should not be taken or used out of context or reproduced for any other purpose or transaction. Views expressed in this update are strictly personal, based on our understanding of the underlying law. We are not responsible for any injury, loss or cost arising to any person who refers to this update and acts or refrains from any act accordingly. We would suggest that detailed legal advice must be sought before relying on this update.

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