Introduction Custodians charge DEMURRAGE charges to ensure quicker freight clearance. These fees are collected from […]
Import & Export
India’s import and export system is governed by the Foreign Trade (Development & Regulation) Act of 1992 and India’s Export Import (EXIM) Policy.
Import and export of all goods are free, except for the items regulated by the EXIM policy or any other law currently in force. Registration with regional licensing authority is a prerequisite for the import and export of goods. The customs will not allow for clearance of goods unless the importer has obtained an Import Export Code (IEC) from the regional authority.
Introduction Long-inoperative claims contain “more cruelty than justice.” This statement stresses the importance of the […]
Introduction Judiciary in India is the system of courts which interpret and apply the […]
Introduction: It is essential that officers working in various wings of Customs, Excise and […]
Introduction On 4th April 2015, the Commerce and Industry Minister, Govt of India, Mrs. Nirmala […]
Introduction A customs bonded warehouse is a safe place where products and inventory may be […]
INTRODUCTION Pre-shipment inspection (PSI) is an important quality control method which gives suppliers an […]
Introduction: In 2016, the Central Government exercised the powers granted to it under Section […]
Introduction Exports are critical to a country’s economic prosperity. The bigger the exports, the greater […]
INTRODUCTION India’s import and export system is governed by the Foreign Trade (Development & Regulation) […]