Post by: Mansi Sawant in Import - Export
Customs Authority for Advance Ruling We discussed and finalized the simplification of the customs procedure in the Kyoto Convention of WCO. They were adopted in June 1999 as a blueprint for modern and efficient customs procedures. Article 3 of the…
Post by: Shushma in Import - Export
Shipping Bill and Revised Shipping Bill Format Every exporter who is willing to export goods is required to file a shipping bill. To obtain customs clearance, the exporter is required to prepare the shipping bill. The shipping bill/bill of export…
Post by: Bennisha in Import - Export
Transshipment of Cargo Several ports, airports, Container Freight Stations (CFS), and Inland Container Depots (ICD) having Customs clearance facilities have been established in the country to reduce overcrowding at the gateway airports/ ports and to allow importers and exporters to…
Post by: Shushma in Government Initiatives
Authorized Economic Operator (AEO) Certificate Circular no. 33/2016-Customs dated 22nd July, 2016 has merged two facilitation scheme namely ACP (Accredited Client Programme) and AEO (Authorized Economic Operator) into a combined three-tier AEO programme. Under the new AEO programme, the importer…
Post by: Chris John in Compliance Personal Finance
Customs Duty Goods are imported in or exported from India through sea, air or land. Goods may even come through post parcel or as baggage when passengers travel in and out of the country. The Customs Act was formulated in…
Post by: Shushma in Import - Export
Amendment In Merchant Overtime Fee Section 36 of the Customs Act, 1962 levies restrictions on the unloading and loading goods on holidays or any other day after working hours. Further, the said section provides that the limitation so levied can…
Post by: Shushma in Government Initiatives
Authorized Economic Operator The World Customs Organization in June, 2005, with a view to secure the international supply chain, has adopted the SAFE framework of Standards. Authorized Economic Operator (AEO) is one of the three pillars on which the SAFE…