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Import of goods

Pratik Surve (Assistant Professor ) (571 Points)

02 February 2018

What will be important documents while importing goods.. And what are duties to be paid while importing of goods...

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3 Replies

Shaikh Mohammad Eraf (Artical) (32 Points)
Replied 07 February 2018

invoice
packing list
certificate of origin
Bill of Entry
Airway bill
import export code

DUTY
Additional duty & IGST depend upon goods
as may applicable

Pratik Surve (Assistant Professor ) (571 Points)
Replied 08 February 2018

ADDITIONAL DUTY INCLUDES EXACTLU WHAT?

CS M Pota (Company Secreatary) (3180 Points)
Replied 15 February 2018

Dear Pratik

What are the importatnt documents for import depends on what item you import.Normally the following are the important documents :

1. Commercial Invoice/invoice

2. Packing list

3. Certificate of origin

4. Bill of Lading in case of import by Sea or Airway Bill if import is by Air

5. Insurance Poilcy or Insurance Certificate in case of import on CIF for Sea or CIP for Air basis

6. Analisys Report or Certificate of Analisys

The Customs duty payable depends on what Item you import suppose import of machinary 7.5% bsisc customs duty will be payble in cae of plastic item 10% basic customs duty is payble the above are normal basic customs duty the same may be reduced by the general Notification whch needs to be seen.The duties and surcharge leviable in theCustoms duty structure are Basic Duty+Social Welfare Surcharge+ Inetrgrated Goods and Service Tax (IGST)