• IMPORTS

    IMPORTS

    Rules and Guidelines for Import

    Registration of importer is a pre-requisite for import of goods. The Customs will not allow clearance of goods unless the importer has obtained IEC Number from issuing authority. In India, IEC number or Importers Exporters Code is issued by the DGFT.

    There are various rules and guidelines in respect of various commodities and category of importers.  These are available in the following publications issued by the Ministry of Commerce, Government of India and revised from time to time:

    • Foreign Trade Policy, 2015 – 2020
    • Handbook of Procedures
    • Standard Input – Output Norms
    • ITC (HS) Classification of Import and Export Items

     

    We shall study about this article further, in detail, in our next post.

     

    Keep reading!!

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  • Jagdip Shah says:Reply
    June 5, 2016 at 4:54 am

    Besides the publications mentioned, various notifications, circulars etc issued by Department Of Revenue, Ministry Of Finance, Government Of India for Customs and Central Excise purposes need to be studied.

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