2. INDEX
 Pre-Import Procedure
 Steps in Import Procedure
 Legal Dimensions of Import Procedure
 Customs Formalities for Imports
 Warehousing of Imported Goods
 Exchange Control Provisions for Imports
 Retirement of Import documents

3. The basic steps formulating the import procedure.
Beginning by selection of the product, right up to
retirement of import documents
Import Procedure

4. Pre Import Procedures
 Selecting the Right Product
 Selecting the Supplier
 Finding out Credit Worthiness of Supplier
 Availing the services of Suppliers Agents in
India
 Finalizing the Terms of Import

5. Steps in Import Procedure
 Fixing the Terms & Conditions
 Placing the Order
 Obtaining license
 Obtaining Quota Certification
 Foreign Exchange
 Letter of Credit

6.  Appointing Clearing & Forwarding Agent
 Shipment Advice
 Receiving Documents
 Obtaining Delivery Orders
 Clearing of Goods from Customs
 Making Payments for Import

7. Legal Dimension of Import Procedure
 Finalizing the terms of Import
 Mode of Pricing
 Mode of Payment
 Obtaining Importer-Exporter’s Code
Numbers (IEC Number)
 Obtaining Import License
 Obtaining Foreign Exchange
 Financial Planning for Import
 Obtaining Letter of Credit from the
Bank

8. Custom Formalities for Import
 Import Manifest
 Presenting the Bill of Entry
 Clearing of Goods
 Warehousing (Storing) Goods

9. Warehousing of Imported Goods
 Warehousing means storing of
Goods
 Delay in delivery after arrival
results in Warehousing
 Storage provision of unpaid Custom
Duty goods was given in Customs
Act 1962
 Maximum time of storing is 1 year
 Capital Goods are stored for 5 years
 Extension Application can be done

10.  Time of storing can be only
increased by Chief Commissioner
of Customs by 6 months or more
 Warehoused goods could be sold
out on Notice
 Extension Application can be
done
 Officers Inspect the Goods
Frequently
 Goods storing period can be
reduce by Commissioner
 Bill of Entry (Yellow Color)
 Ex-Bond Bill of Entry

11. Exchange Provision Control for Imports
 Regulated By DGFT
 Policy & terms announced by
DGFT
 Bank are permitted to open
Letter of Credit
 Payments are made by showing
Shipping Documents
 Permitted Currency
 Payments made according to
provision of FEMA
 Payments within 6 month
 Deferred Payment Arrangement
 Payments of Books

12. Retirement of Import Goods
 Loading of goods and shipment advice
 Retirement of Import Documents
 Bill of Exchange
 Examination of Documents
 Appointing of clearing and forwarding (C & F) Agents

13. THANK YOU