Export Import Insights | Impex Consultancy

  A Practical Guide to Clearing Imported Goods Through Indian Customs Importing goods into India does not end when the vessel, aircraft or shipment reaches the Indian port. One of the most important stages is: Customs Clearance Before imported goods can be released for delivery, the importer needs to complete the applicable customs procedures, declarations, documentation and payment requirements. For a new importer, the process can seem complicated. Questions often arise: What documents are required? What is a Bill of Entry? How is customs duty calculated? Who files the Bill of Entry? What happens during customs assessment? When can the goods be examined? How is customs duty paid? When are the goods released? What happens if Customs raises a query? This guide explains the general import customs clearance process in India in a simple, practical manner. Note: Customs requirements can vary depending on the product, HS classification, country of origin, v...

  Understand Your Real Import Cost Before Placing an Order Product price is not the same as import cost. An overseas supplier may offer you an attractive price, but after adding freight, customs duties, applicable taxes, port charges, clearance, transportation and other expenses, the final cost can be significantly higher. This final cost is commonly referred to as the landed cost . Understanding landed cost before placing an import order can help businesses compare suppliers, determine selling prices and make better purchasing decisions. What Is Landed Cost? Landed cost is the overall cost associated with bringing imported goods from the supplier to the intended destination. A simplified formula is: Landed Cost = Product Cost + Freight + Insurance, where applicable + Customs Duties & Applicable Taxes + Clearance & Logistics Costs + Other Applicable Charges The exact calculation depends on the product, transaction structure, Incoterm, customs valuation and applic...

  Import Business in India | Import Procedure | Customs Clearance | Import Duty | Landed Cost India is a major global market for raw materials, machinery, components, finished goods and specialized products. For Indian businesses, importing can provide access to products and resources that may not be readily available domestically or may be available internationally at commercially attractive prices. But successful importing requires much more than finding an overseas supplier. You need to understand supplier selection, product classification, import regulations, documentation, customs, duties, freight, payment terms and landed cost . In this guide, we explain how to start an import business in India , step by step. What Is an Import Business? An import business involves purchasing goods from a supplier located outside India and bringing those goods into India for: Manufacturing Resale Distribution Trading Industrial use Business consumption Further processing Importers may include...