Understand Existing Clearing and Forwarding Ecosystem to Enhance Sustainablity

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Imports Documentation: Purchase Order from Buyer, Sales Invoice of supplier, Bill of Entry, Bill of Lading or Air way bill, Packing List, Certificate of Origin, and any other specific documentation required by the buyer, or financial institution or the importing country regulation.

Customs Agents prepare the document of Shipping Bills in house for submission while rests of the documents are obtained from the client. Preparing shipping bill involves Classification of cargo under specific classification which is a critical activity in the entire process.

Customs clearance agents are also called Carrying and Forwarding agents. They are registered and licensed by Customs to operate. Their role is limited to acting on behalf of and representing clients as third party agencies engaged in customs clearance.

Customs Agents are linked through EDI with customs use documentation software to facilitate entire process.

De-centralize management planning, selection and motivation of personals and business associates working with, setting business targets and compelling not only to give the confidence but also creating something new and innovative in the way of developing new products and intelligent business decisions.

Providing all the services required for having a smooth supply-chain & logistic management for clients and giving tailored services depending on needs.

Vision Statement:

Perceive an idea, with the objective of setting a Clearing and Forwarding Agency, based on Import Freight specialization and Custom Clearance and controlling Income-Expense ratios at par 3:1. To make a company that will offer innovative products and key emphasis lies on customer services and confidence building measures for perfect relationship with clients. With the objectives to pioneer and establish name in the Nhava Sheva Port & Sahar Air Cargo , foresee a vision to establish a complete Logistics, having its own systems and resources which enable total supply chain solution and Integrated Logistics services.

Job Task :

1. Agency making for handling shipments through International communications.

2. Make list of target accounts and update on regular basis.

3. Handling of Shipments Documentations & Operations.

4. Revenue generation through Sales & Marketing as per business projections below.

Services to offer:

- Pick up and dispatch by air, sea, road & rail

- Freight Forwarding.

- Door delivery

- Custom clearing at Mumbai Port/Nhava Sheva/Mulund CFS as well as Air Cargo Complex

- Post shipment formalities like DEEC logging, Project finalization, drawback claims, refund of duty.

- Project Cargo / Odd Dimension Cargo (ODC) Clearing/Booking of brake bulk cargo.

- Warehousing.

- Inland transport.

- Liaisons with D.G.F.T. right from obtaining IEC to issuance of licenses and also redemption of the same.

- Customs clearance under Project Import, EOU, EPCG, various Export Promotion Schemes, Re-import & Re-export.

- FCL/LCL booking & Customs clearance.

- Insurance.

The Foreign Trade Policy

The Foreign Trade in India is Regulated through the Ministry of Finance and the Ministry of Trade & Commerce by the following Acts:

Ministry of Finance:

- The Income Tax Act- Obtaining PAN card and filing returns

- The Foreign Exchange Management Act – controls the inflow & outflow of Foreign Exchange. All Foreign Exchange Transactions to be done only through Banks/ Authorized Dealers in Foreign Exchange.

- The Customs Act, 1962 – facilitation of import/export procedure, revenue(duty) collection, prevention of smuggling and import/export prohibitions

Ministry of Commerce & Industry:

The Foreign Trade (Development & Regulation) Act, 1992 issuing Importer/Exporter codes, granting Authorization and permits and for export promotion schemes.

The Director General of Foreign Trade has been appointed under this Act to lay down the Foreign Trade Policy for five years from 1992 onwards. The policy & Procedures are announced through Notifications / Public Notices / Circulars in the Government Gazette.

The present Foreign Trade Policy 2015-2020 is in existence. The objective is to provide a stable and sustainable policy environment for foreign trade in both merchandise and services so as to help various sectors of Indian economy to gain global competitiveness.

Introduction to FEMA

The shortage of Foreign Exchange due to the onset of IInd world war necessitated the British Indian Government to start controlling the demand and supply of Foreign Exchange in the country in 1939. Since then, the foreign exchange control regulations evolved over 60 years to take the final shape of facilitation and orderly development under the new law of FEMA in 1999.

Objective of FEMA.

The Foreign Exchange Management Act, 1999 was enacted to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and for promoting the orderly development and maintenance of foreign exchange market in India.

Applicability

Effective from 01st June 2000, Foreign Exchange Management Act, 1999 applies to

- Whole of India

- Extra Territorial Jurisdiction

- Applies to all branches, offices and agencies outside India owned or controlled by a person resident in India.

- To any contravention committed there under outside India by any person to whom this Act applies

The Customs Act

The