Import Imports Importing Procedures - By Walter Scheu

IMPORT POLICY

The following is a brief overview of the import, importing and imports how too. It is not meant to be a definitive explanation. Only as an interest peaking point concerning the import topic.

For items not mentioned as being import Prohibited, Restricted or Canalized List for import in ITC(HS) Classification of Export and Import items; import of such items are freely permitted. There is no need to obtain any import license or permission for importing such goods. The ITC (HS) Classification of Export and Import items contain 99 chapters and in each chapter there are column heading covering Exim Code, items description, policy and nature or restriction. The information related to import policy for any item can be obtained from our site under Customs Duty Calculator Schedule.

Selecting the commodity and/or product you want to import, be aware of the import potential and the commercial viability of the commodity/product.

Check whether the items of your import interest fall in the restricted list of ITC (HS) Classifications of Exports & Imports items. Prohibited (import) items are not permitted to be imported at all. List of Prohibited items of import are detailed below:
Tallow, Fat or Oils rendered, unrendered or otherwise of any animal origin, animal rennet and wild animals including their parts and products and ivory any part and products, including ivory.

For import of items appearing in restricted list you need secure import license. Third category of items comes under the Canalized list of items. Import of items included in Canalized list is permitted to be imported through Canalizing Agencies.
Thus items not appearing in Prohibited list, restricted list and or in Canalized list can be imported freely without any import license. A large number of Consumer goods are free for import without license

The procedure to be followed to import is this. Bill of Entry must be filed in the prescribed form by the Import or his authorized agent giving the prescribed details such as name and address of the importer, importer code, name address and license number of the Custom House Agent, name of vessel, Rotation Number and date, Line Number, port of shipment, country of origin, country of consignment, number of Bill of Lading, description of packages, number of packages, quantity of goods, description of goods, Customs Tariff Heading, details of exemption from customs duty claimed, invoice number, and value, etc. A declaration that the details are true and there is no other document showing contrary information must also be given. The Bill of Entry may be signed by the importer himself or his Custom House Agent.

You have just seen a very very brief article about how to go about taking part in the import arena. Import work and/or activities can be fun, profitable and Simple. It is not as hard as some would make you think it is.

Walter Scheu writes reviews for and about products, services, etc., that may be seen on the internet. While his wife and he run a farm in North Carolina, they also import goods that are sold on eBay and other sites, both online and offline. Hopefully you have found this article interesting and desire more information. Please click this link: http://www.importingforauctions.com