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India’s import and export method is managed by the Foreign Trade Act of 1992 (full text) and India’s Export Import (EXIM) strategy. Export and import of all goods are absolutely free and managed by EXIM policy or any other law presently working. Making registration with local licensing authority is a precondition for the import and export of products. The customs will not let for clearance of goods except the importer has get hold of an Import Export Code (IEC) from the local authority. You can find Import export data in Mumbai to find more information online!
Policy of Import
The Indian Trade Classification (ITC) - Harmonized System (HS) differentiates the products into three different groups which include Restricted, Canalized and Prohibited. Products that are not specified in the above stated categories can be liberally imported without any restraint, if the importer has fetched a suitable IEC. There is no requirement to find any import license or even permission to import the products. The majority of the goods are freely imported in India.
Restricted or so called licenses items can be imported just after finding an import license from the appropriate regional licensing management. The goods added into the license must be disposed of in the way particular by the license authority, which must be clearly showed in the license particularly. This list is restricted goods is offered in ITC (HS). An import certification is valid for next 24 months for capital items and 18 months for additional products.
Canalized goods are referred to the items which might just be imported with the help of particular process and means of transport. The list of canalized goods can be found in the ITC (HS). Goods in this category can be imported just in the course of canalizing agencies. The key canalized products are presently petroleum products, size agricultural items, which include vegetable and grains oils, and several pharmaceutical items.
onion export data These are the goods planned in ITC (HS) which are severely forbidden on all import channels across the India. They comprise tallow fat, wild animals, and oils of animal source, unprocessed ivory and animal rennet among others.
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