Import Policy
The following is a brief overview of the import, importing and imports how too. It is not meant to give a definitive explanation. Only as an interesting discussion regarding the topic on import.
Import of products are freely allowed unless it is mentioned in the prohibited, restricted, or canalized list for import in ITC(HS) Classification of export as well as import products. There is no need to obtain any import license or permission for importing such goods. The ITC (HS) Classification of Export and Import items contain 99 chapters and in each chapter there are column heading covering Exam Code, items description, policy and nature or restriction. The information regarding the import policy for any goods could be obtained from our website under Customs Duty Calculator schedule.
Upon picking out the goods or commodity you would like to import, you must have knowledge on the import potential as well as commercial viability of the goods or commodity.
Verify if the products you opt to import are listed under the restricted list of ITC (HS) Classification of import and export products. Restricted import products are not permitted to be imported in any way. Take a look at the list of restricted products for import below: Tallow, Fat or Oils rendered, unrendered or otherwise of any animal origin, animal rennet and wild animals including their parts and products and ivory any part and products, including ivory.
For import of goods listed in the restricted list, you have to obtain import license. Third category of items comes under the Canalized list of items. Import of products seen in the canalized list may be imported by means of canalizing agencies. Therefore, products not listed down under the prohibited list, restricted list, and / or in the canalized list may be imported freely without having any import license. Majority of consumer products could be freely imported without license.
Here is the procedure to be followed for import. Bill of entry ought to be filed in the prescribed form by the import or his authorized person providing the prescribed information like the name and address of the importer, imported code, name, address and license number of the custom house agent, name of vessel, rotation number as well as the date, line number, port of shipment, country of origin, country of consignment, number of bill lading, description of packages, quantity of packages, number of goods, description of goods, customs tariff heading, detail of exemption coming from the customs duty claimed, invoice number, value, and many more. At the same time, it is required to give a declaration that the information are true as well as there is no other document revealing contrary details. The Bill of entry can be signed by the importer himself or perhaps his custom house agent.
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