They are also known as carrying or forward clearing agents They ensure compliance with custom rules Ensure clearance of goods within stipulated time and avoid demurrage Prepare and submit documents such as bill of entry, for clearance process
Day: March 24, 2022
Steps in Import Clearance
Filling of bill of entry through electronic data interface or manually After cargo arrives in port, the carrier of goods files Import General Manifest (IGM) with the customs department Each aircraft has one IGM number and each consignment has a Read More …
Steps in Export Clearance
The export of the cargo from the factory is informed to the export officials An empty container is sent to the factory from the container yard for loading The container is filled in the presence of an excise official The Read More …
Categories of Import Goods
• Freely importable goods are goods which can be imported freely under open general license • Restricted/ licensed imports require a license • Prohibited items cannot be imported from other countries
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Responsibilities of Clearing Agent
Prepare invoice Prepare and handle documents Post shipment formalities Networking with government organizations. Categories of Import & Export Goods
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Types of freight forwarders
There are different types of freight forwarders, depending on the activities they carry out and also the title they have that allows them to be accredited in certain Official Registers, which is obligatory to carry out certain activities. From the Read More …
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Freight forwarders as agents or principals
A freight forwarder acts as an agent when he performs functions on behalf of, and under the instructions of, the principal (the exporter or importer). As an agent, the forwarder will procure the services of third parties who will perform Read More …