Dispute Resolution in International Procurement

In any trade relationship there is potential for dispute. The multi-jurisdictional nature of international procurement, combined with volatile markets, can make that potential particularly difficult for businesses and other organisations trading in different countries. Resolving disputes between international parties can Read More …

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Role of Clearing Agents

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

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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 …

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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 …

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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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