A Delhi merchant desire to import tinned milk from Australia. Describe in brief the procedure he will adopt in order to obtain the goods
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Answer:
follow all import procedure
Explanation:
Trade enquiry, invoice, mode of payment, bank approvel, mode of transport, date information
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Import Procedures of tinned milk from Australia
Explanation:
- Obtain IEC
The Delhi merchant must obtain Import Export Code number from the DGFT. IEC has life time validity for clearing customs and doing business with foreign countries.
- Procure Import License
We have to obtain import license to import tinned milk from Australia.
- Bill of entry and Custom clearance formalities
The importer have to issue bill of entry which contains the products details and has to obtain pass out order from officials after custom clearance.
- Determine Import duty
The charges for the various duties has to be paid by the importer.
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Describe in brief the procedure he will adopt in order to obtain the goods
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