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SanikaGawali, TYBMS A, 14
SanikaGawali, TYBMS A, 14
SanikaGawali, TYBMS A, 14
Sanika Gawali
Roll No.14
TYBMS A
Report on webinar
held “International
Relations”
Day: Saturday
Date: 4 September,2021
Time: 11:00 am-12:30 am
R.A. Podar College of Commerce and Economics , organised a webinar on International Logistics
on 4 September,2021.The speaker for the webinar was Mr. Nishant Shah
The webinar covered topics varying from customs clearance, freight forwarding, documentations,
relocation, trucking and warehousing and insurance.
The webinar commenced with a brief introduction about logistics that is, planning and organising
move of products/ actual movement of products from one place to another, continuing with where
logistics is put to us.
Nishant Sir discussed a few topics which are as follows: CUSTOMS CLEARANCE: Customs
clearance is a necessary
procedure before goods can be imported or exported internationally If a shipment is cleared, then
the shipper will provide documentation confirming customs duties that are paid and the shipment
can be processed.
Some of the documents involved in customs clearance are as follows:
Imports Documentation:
Commercial Invoice, Packing List, Bill of Lading/Airway Bill, Bank A.D. Code, Import Declaration,
GST Copy, Authority Letter in
Customs Broker, Authority Letter to Customs, Delivery Order Letter to Shipping Line/Airline
Exports Documentation:
Commercial Invoice, Tax Invoice, Packing List, Authorized Dealer, Export Value Declaration Form,
Shipper Declaration Form, Shipper Letter Instruction, GST Copy, IEC Copy, PAN Copy
.
Report on webinar
held “International
Relations”
FREIGHT FORWARDING: It is the coordination and shipment of goods from one place to another via
a single or multiple carriers via air, marine, rail or highway.
RELOCATION: Various documents required for relocation (export) are as follows:
Passport copy, Air Ticket, Letter to obtain Departure Certificate,
Authority Certificate to your Customs Broker, Baggage Declaration
Form, Invoice, Packing List
TRUCKING AND WAREHOUSING: Trucking consists of the major
means of transportation for dispersing goods across the nation. It necessary to enable businesses
to utilize state-of-the-art technology to increase the level of performance and meet the demands of
major retail and industrial sectors. Whereas warehousing encompasses all the varied, complex
factors – organization, movements, and management – involved in warehousing. This includes the
flow (shipping and receiving) of physical inventory, as well as that of more abstract goods,
including information and time.
INSURANCE (Marine/Transit): Insurance covering loss of, or damage to, goods at sea. Marine
insurance typically compensates the owner of merchandise for losses in excess of those which can
be legally recovered from the carrier that are sustained from fire, shipwreck, piracy and various
other cases.
The above mentioned were the points that were discussed in the webinar. Sir explained all of them
very well which made it pretty easy for us to understand all the concepts more deeply.
CONCEPT OF EASE
OF DOING BUSINESS
The ease of doing business index is an index formulated
by Simeon Djankov at the World Bank Group which
indicates the ease of doing business in a country. The
economies are ranked from 1-190 on 10 parameters.
Higher rankings (a low numeric value) indicate better,
usually simpler regulations for businesses and stronger
protections of property rights. A high ease of doing
business ranking means the regulatory environment is
more conducive to the starting and operation of a
business firm.
CBEC
7. IT Initiatives:
ICEDASH is an 'ease of doing business (EoDB) monitoring dashboard' of the Indian Customs
helping public see the daily customs clearance times of import cargo at various ports and
airports. With ICEDASH, Indian customs has taken a lead globally to provide an effective tool that
helps the businesses compare clearance times across ports and plan their logistics accordingly.
This dashboard has been developed by CBIC in collaboration with NIC, the release said. ICEDASH
can be accessed through the CBIC website.
Atithi is a mobile app for international travelers to file the customs declaration in advance.
Passengers can use this app to file declaration of dutiable items and currency with the Indian
customs even before boarding the flight to India. Atithi is available on both, iOS and Android.
8. For starting a business:
Permanent Account Number (PAN), Tax Deduction & Collection Account Number (TAN),
Director Identification Number (DIN) have now been merged into a single form (SPICe) for
company incorporation.
Elimination of incorporation fee for companies with an authorised capital of up to Rs. 15
Lakh.
Five-page form and other attachments for reserving the name of the Company with the
Ministry of Corporate Affairs have been simplified into a simple web service with only three
fields to be filled.
Registration under Employee State Insurance Corporation (ESIC) and Employee Provident
Fund Organisation (EPFO) is available at Shram Suvidha portal as a common online service
with no physical touchpoint.
No requirement of inspection before registration under the Shops & Establishment Act in
Mumbai and Delhi.
Companies Act was amended to eliminate the requirement of a common company seal.
9. For Trading across borders:
1. The Central Board of Excise and Customs (CBEC) has implemented the ‘Indian Customs
Single Window Project’ to facilitate trade. Importers and exporters can electronically lodge
their Customs clearance documents at a single point. The government has launched ‘PCS1x’
which intends to integrate 27 maritime stakeholders at one platform.
2. The number of mandatory documents required for customs purposes, for both import and
export of goods, has been reduced to three.
3. e-Sanchit, an online application system, allows traders to file all documents electronically.
4. The electronic self-sealing of the container at the factory has reduced time and cost for
exporting firms.
5. A computerized risk management system has brought transparency and reduced the
frequency of custom inspections significantly.
6. Central Board of Indirect Taxes and Customs has provided a facility for Advance Bill of Entry
(Advance Import Declaration).
Initiatives taken by
Indian Customs for 'Ease
of Doing Business'
The effect of improving these parameters on economic growth is strong. In recent years, the
Ease of Doing Business (EoDB) has gained significant traction in India. Prime Minister Narendra
Modi wants India’s national ranking in World Bank’s EoDB Index to be under 50 (it is presently 63).