The established concepts of commerce frequently talk about import and export. While export is the supply of goods and services to another country, Import is the procurement of goods and services from another country. Imports are important as almost all the countries have shortages of one kind of product or the other. Imports can be done only after obtaining permission and a License from the government of the country. The Import Licensing can be best achieved through an expert and experienced Import Consulting Consultancy. This helps the companies seeking Import License in getting the job easily completed without getting entangled into the legal complications.
Services Offered by Import Licensing Consultancies
The Import Licensing Consultancies render a wide variety of Import Licensing Services. Some of the Import Licensing Services offered by the Import Licensing Consultancies are as follows:
· Advance Authorizations for importing components, raw materials, packing materials under Duty Exemption Scheme
· Modification and Fixation of input- output norms for Advance Authorizations
· Advance Authorizations against orders for Deemed Exports
· Extension and revalidation in export obligation period of Advance Authorizations
· Transferability/ No Bond / Redemption of Advance Authorizations
· Duty Free Import Authorization (DFIA) for import of inputs that is based on STD
· Duty Entitlement Passbook against exports for duty free import of items under OGL
· Under Export Promotion Capital Goods Scheme (EPCG), Import of capital goods at 3% duty
· Import Licenses for various items covered by negative list of imports
The various Import Licensing Consultancies offer efficient Import Licensing Services to people. The Import Licensing Consultancies have teams of vastly experienced Import Licensing Consultants who know each and every minute detail of the Import Licensing Process. These Import Licensing Consultants deal with the legal complications of the Import Licensing Process, thereby giving their clients some relief from the legal complexities.
All in all, Imports are crucial for any country and thus, the Import Licensing has great importance. Added to that, the Import Licensing Consultancies need to understand their role in the Import Licensing Process. The Import Licensing Consultancies play a highly responsible role by delivering the right Import Licensing Services to the right people. The various Import Licensing Consultancies can be trusted for the fast, reliable an efficient procurement of the Import Licenses.
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