Customs Procedure & Documentation For Importers & Exporters

Course Content

Import Documentation & Procedures

• Requirements of Importer
• IEC and Online Procedure
• Understanding Product Classification & HSN System
• Rules of Interpretation
• Concept of Valuation
• Import Duties
• Understanding Duty Calculation
• Import Procedures
• Documents for Import
• Bill of Entry and the procedure
• e-Sanchit and uploading of documents
• Faceless Procedure on Import
• CAROTAR 2020 Rule for FTA
• Latest Changes and updates in documents and compliances.

Export Documentation & Procedures

• Requirements for Exports – IEC/ RCMC / AD Code Registration
• Overview of GST Rules for Export
• Export Invoice
• Terms of Shipment (Incoterms(R) Rules 2020)
• Terms of Payment
• Packing List
• Shipping Bill
• Bills of Lading
• Certificate of Origin and Online Procedure
• Other documents required for export transaction

Key Areas of Scrutiny by Customs Officials

• Common Errors in Documentation: How to Avoid Them
• Accurate Product Classification and HSN Code Allocation
• Adherence to GST Regulations: Common Mistakes and Compliance
• Ensuring Correct and Complete Bill of Entry and Shipping Bill Details
• Scrutiny of Value Declarations: Under-valuation and Over-valuation Issues
• Compliance with Special Economic Zone (SEZ) and Free Trade Agreement (FTA) Regulations
• Handling of Restricted and Prohibited Goods
• Accuracy in Declaring Country of Origin

Current Challenges in Customs

• Analysis of the Contemporary Challenges Faced by Importers and Exporters
• Emerging Trends and their Impact on Customs Procedures
• Technology and Automation in Customs Processes
• Legal and Regulatory Updates Affecting Importers and Exporters
• Case Studies