Valuation of Second Hand Machinery

Valuation of Second Hand Machinery The Government of India has prescribed a methodology to import second-hand machinery from other countries. As the system evolves with new technology and the scope of import, the government has revised the procedures in a…

Import Policy of Gold and Silver

Import Policy of Gold and Silver The Ministry of Commerce and Industry, with its power conferred under the Section 3 of Foreign Trade (Development & Regulation) Act, 1992, has modified the Chapter 71 of ITC (HS), 2017 for the import…

Steel Import Monitoring System (SIMS)

Steel Import Monitoring System (SIMS) SIMS is a licensing program applicable to steel importers. The Government felt the need to introduce a licensing program which would enable the maintenance of a statistical database recording of all the steel imports entering…

Sanitary Import Permit

Procedure to Obtain Sanitary Import Permit As per the regulations by the Ministry of Agriculture, it is mandatory for the animal products importers in India to obtain a sanitary permit at the customs gate while importing meat and its products,…

IGCR Rules 2017

IGCR Rules 2017 The Customs IGCR Rules 2017, which when expanded is the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2017, is enforced in India from the 1st of July, 2017. These…

DGFT – Director General of Foreign Trade

IDGFT - Director General of Foreign Trade Directorate General of Foreign Trade (DGFT), formerly known as the Chief Controller of Imports and Exports (CCI&E), is India’s official administrating body for imports and exports. It is an attached office of the Department…

Medicine and Drugs Allowed for Import Without a Licence

Medicine and Drugs Allowed for Import Without a Licence List of crude drugs required for the manufacture of ayurvedic, unani or any other system of medicine that is allowed for import into India without a licence. Click here to find…

Prohibited Items for Import in India

Prohibited Items for Import in India Each year billions worth of products are imported into India through air, sea and road from a number of countries. The Directorate General of Foreign Trade controls all import and export into India and…