Customs clearance agents
Customs Clearance Agents
Customs clearance agents are a very integral part
of an import export business. One can contact these agents in a company that
deals with the clearance of import export goods. Individuals who operate as
agents are also available. These custom clearance
agents are also called custom brokers or forwarding agents, and can provide
clearance to consignments as they have been authorised to do so by the
international custom authorities. Selecting or choosing a clearance agent for
your foreign trade business should therefore be given appropriate time, as it
is a key factor in the welfare of an import export business. Your merchandise
or consignment will receive clearance at customs and is in safe hands.
Once clearance is obtained, the following step would be the shipping of
merchandise. Shipping services in India ensures companies as well as entrepreneurs a
safe, speedy, and effective delivery of their consignment or merchandise. This
reassurance is extremely important as a consignment however big or small is of
high value to the exporter or the importer. The choice of a shipping service for
your business should therefore be made keeping this in mind. This once done, as
an exporter or an importer you can be rest assured that everything will be
taken care of.
Import Export Licence also called an IEC, is the most important document that is required by
a company or an individual related to any form of foreign trade. Have you an idea of starting a
business involving foreign trade but, would like to be more knowledgeable. As
we are aware, before any business is started, there are certain doubts that we
all have and upon gaining clarity on the same, start our business. We as
Indians would love to showcase to the world our products or goods which is
worthy of being shoecased, and what better way to do so than to be an exporter.
Once you receive the mandatory IEC post the submission of all the necessary
documentation you can commence your business.
An iec code online application can be collected or gained access to at either a
zonal, or a regional office of the Director General of Foreign Trade(DGFT). It can also be filled online. One must
keep in mind that these offices must be within
a said region, close to one’s workplace as it is mandatory. An entrepreneur or a
company, will be unable to start a business without an IEC being registered. The
Director General of Foreign Trade issues this all-important 10-digit code. Only 1 import export licence cab be and is issued per PAN. In the
rarest of cases, submission of the licence will be required if an individual
has two or more IECs. been the This licence has no expiry and hence is valid
for a lifetime.
The foreign trade policy of India (FTP), launched and introduced the Merchandise exports from India scheme
(MEIS). To offset infrastructural incompetency with all the costs associated, with the
numerous products and goods manufactured in India is the objective of MEIS. The unemployed benefit as the scope for labour is increased 10-fold, and
is the need of the hour. The foreign trade policy of India, ensures that an exporter can enjoy the countless benefits offered. The compensation
provided in the case of any loss that is incurred (in the case of duty) is the
icing on the cake. Hence, the exporter is lucky, as is shielded from the harsh
grip of loss at duty. This encourages many more companies or exporters to start
foreign trade.
If you are interested or keen on
starting an import export business, go right ahead, and take the plunge. This
is the first step that needs to be taken. Stop worrying about how to export from India, as there is
tremendous scope to do so, owing to the liberalization of trade deals. There
are numerous deals being signed in favour of Indian trade. This business is no
different from the others and with effort and willingness to overcome hurdles
and the free mind to take on calculated risks, be rest assured that your
business will be a sure shot success. Please remember that you should be
equipped with an in-depth knowledge regarding all the necessary documentation
that is needed for foreign trade. Start with the registration and once done,
put aside all your fears and start now.
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