End the Worry over Customs Clearance

Delhi is fast becoming the economic capital of the country. According to the Global Metro Monitor 2018, released by Brookings Institution, Delhi was ranked as the sixth fastest growing city in the world. The city beat Mumbai the economic capital of India.

Aided by both the central and state governments, the city-state has witnessed rapid infrastructural development. What favours businesses the most in setting their shop in Delhi is the abundance of skilled labour and avenues for exporting their products.

The capital city has become one of the key places for doing foreign trade in the country. The Indira Gandhi International Airport in Delhi is the top airport in handling freight in the country. It has handled 963,032 tonnes of freight in FY-2017-2018

But the potential of the city is not being realised fully. Many businesses that are willing to expand their markets to foreign countries are worrying over customs clearances.

It is true that wrongful filing of customs clearances lead to confinement of the goods for a long period of time. Value of the goods is lost in this period. But, this worry is unnecessary when there are many customs clearing agents in Delhi to help file customs procedures on behalf of the exporting or importing enterprise.

These agents are trained professionals in Indian customs laws, rules, and regulations. Duty calculation, one of the key aspects of customs filing needs a thorough knowledge of India’s bilateral or multilateral economic commitments. The customs clearing agents in Delhi has an abundance of knowledge on these issues.

For businesses, it is an easy option to hire an agent rather than waste time on filing procedures. All they need to do is to provide accurate information regarding the goods that are being exported or imported. The rest is taken care of by the customs clearing agents.

The functions that a customs clearing agent is required to do is:

Export procedures:

• Getting the business a Business Identification Number (BIN). This is mandatory to carry out foreign trade.
• Filing for the shipping bill. Here, the data regarding the shipments is filled either on the Electronic Data Interchange (EDI) system or in non-EDI mode. Tariff on the goods being exported is calculated and if applicable, the tariff is paid.
• Later the cargo is examined by the customs authorities and mentions the approval for export to the agent. This is clearly stated via an electronic bill.
• The bill is then produced to the shipping liner and the cargo is loaded onto the ship. The liner generates a bill of lading to the agent.
• Some other technical forms are handled.

Import Procedures:

• Apart from the above mentioned, the agent during import clearance will handle cargo release order, product manual, and inspection report and the cargo released from the port or airport for the importer to take away.

For clear details on the functions of a customs clearing agent in Delhi, India, please click here www.saieximindia.in

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