Indian Customs Data: Importer Exporter Details of India Customs

Author: Ankita Verma

Governments across the world require revenue to implement infrastructure projects and welfare schemes. Direct and indirect taxes are revenue sources for the government. Customs duty is an indirect tax charged on goods when the goods across international borders. Besides earning revenue, the customs duty helps to protect India’s economy, citizens, jobs, and the environment by controlling goods entering and leaving the country, especially for restricted and banned products. Customs duty prevents other countries from dumping products and harming the local economy. According to customs data India, the government collected Rs. 1.55 lakh crore in 2019-20 surpassing the target of Rs. 1.12 lakh crore.

Custom data of India helps global importers and exporters. It provides accurate and up-to-date statistics of the export-import business in the country. International traders base their business plans and projections on the data.

India custom data is collected from daily shipments that occurred in Indian ports. Custom data has all the importing/exporting details of all the Indian goods or the products. This data let you know about the whole import export trading of Indian business traders.

The Indian customs data is collected from the bill of entry submitted to the customs officials. It contains import and export records from various custom points such as seaports, airports, ICD, and CSF. The data contains information that will help you get market intelligence on any commodity:-

  • Importer and exporter name and contact details
  • Date of shipment
  • HS Code and Product Description
  • Product value in INR and $
  • Country and Port of origin
  • Country and port of destination
  • Mode of shipment

Indian customs data revealed India’s busiest ports as:-

  • Jawaharlal Nehru Port Trust
  • Mundra Port
  • Chennai Port
  • Kolkata Port
  • Chidambaram Port Trust.

Custom data India has two components: Indian customs import data and Indian customs export data.

According to the Indian custom import data, the imports decreased in November 2020 to 33390 USD million from 33600 USD million in October 2020. The maximum imports in 2020 were seen in January when 41140 USD million and minimum imports were seen in April when 17120 USD million was imported.

The top 5 imports products in India are:-

  • Mineral fuel and oils
  • Gems and precious metals
  • Electrical machinery and equipment
  • Machinery including computer
  • Organic Chemicals

According to Indian Customs Export Data, exports decreased in November this year to 23430 USD million from 24820 USD million in October. The maximum exports were recorded in February 2020 at 27650 USD million, and the minimum was in April 2020 when 10360 USD million.

The top 5 exports products in India are:-

  • Mineral fuel and oils
  • Gems and precious metals
  • Machinery including computers
  • Organic chemicals
  • Vehicles.

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