Custom Data - Customized Collection of Export and Import

It is well known fact that we human being cannot survive without each other assistance. To live our life perfectly, we need to exchange goods as well as services with our neighboring nations.  The deficiencies of natural can only be completed with export and import.  We need to export natural resources as well as labor.  World Wide business has grown significantly in the past few years. It is due to the best any economic policies...

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Custom Import Duty – What Needs to Pay Out?

If you are in an import business, you might be aware about the fact that imported goods are libel to pay a Basic Customs Duty (BCD) and that’s on the asses sable value. Thus, the value thus finalized after adding the BCD, an additional duty or even Countervailing Duty (CVD), equal to the excise duty on the similar products is levied. Moreover, an extra CVD of 4% is charged to pay the sales tax in India. A CESS of 3% needs to pay on BCD...

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All Important Information about Custom Import Duty

If you are in import business, it is extremely important for you to collect all relevant information about the India trade. Moreover, in order to keep yourself away from any sort of difficulty, you should aware about all rules and regulations. A single mistake can ruin your business as well as bring bad reputation for your business. Import duty and taxes needs to pay while importing goods into India no matter by a business body or even private...

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Search HS Code – Every Product Hold a Different Code

Harmonized code or HS Code is a usual feature of the import export business. It is a unique arithmetic code assigned to different products and commodities necessary while shipping from one location to another. It is utilized to describe special goods in the import export trading stand. The ITC HS Code List or India harmonized code catalog is regulated and preserved by the Director General of Foreign Trade or DGFT India. The global coding...

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