PRESENTATION

ON
IMPORT PROCEDURE

PRESENTED BY-

SANDEEP PRATAP SINGH

RUPAL GANGIL
SANJEEV SONI
RAHUL NARWARIYA
 IMPORT PROCEDURE

Imports to India are governed by the Foreign Trade

(Development and Regulation) Act 1992.

Under this Act, imports of all goods are free except

for the items regulated by the policy or any other
law in force.

The present, foreign trade arrangements for different

commodities are stated in the EXIM Policy of 2004-2009.
This policy is announced once every five years with
annual supplements coming out every year.

It is also known as the Foreign Trade

Policy or Export Import Policy.
IMPORT PROCEDURE :-

1. Select the commodity/Product you wish to import

Check whether the items of your interest fall in the restricted list of
ITC (HS) Classifications of Exports & Imports items.

a). Prohibited items

b). Canalized list of items

2. Registration with Regional Licensing Authority

Registration with Regional Licensing Authority is a pre-requisite for import of goods.

The Customs will not allow clearance of goods unless:

The importer has obtained IE Code Number from Regional Licensing Authority.
However, no such registration is necessary for persons importing goods from/ to
Nepal provided Value of a single Consignment does not exceed Rs. 25000/=
1. Import Procedure for Livestock Products

2. Import Procedure for the Fisheries Sector

3. Import Procedure for Horticulture

 Steps in Import Trade

Import trade refers to the purchase of goods from a foreign country The procedure
for import trade differs from country to country depending upon the import policy,
the statutory requirements and customs of different countries.

In almost all the countries of the world import trade is controlled by the Government.

The objectives of these controls are proper use of foreign exchange,
restrictions on imports of non-essential and luxury goods, development of indigenous
industries, etc.
In India, the following steps are involved in importing goods from any foreign country.

1. Trade Enquiry: 

2. Procurement of Import license and quota: 

3. Obtaining foreign exchange: 

4. Placing the indent or order: 

5. Dispatching a letter of Credit: 

6. Obtaining necessary documents: 

7. Customs formalities and clearing of goods:

 
8. Making the payment: 

9. Closing the transaction: