Are you a company, importing goods into the India? Are you struggling with customs declarations and trying to find your way in the tax system maze? Have you paid VAT on your import shipments because you did not have a fiscal representative? This blog will explain to you how to handle all these important, yet somewhat complex formalities and how you can turn them in an advantage instead. Possibly even optimising your cash position at the same time.
When exporting, or importing any type of goods, you will have to declare the items for customs clearance. Declaring customs one of the most important steps you will have to take. Simply put, this the paperwork required to lawfully receive your goods, when importing, and further distribute or assemble before selling to the end customer.
Goods transported within the India are on a basic free of any customs clearances. However, when entering or departing the union, the import or export documents must be declared at customs. This is one of the customs office main functions, the controlling role of checking all that comes in and goes out of the union.s
