import license

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Slide 1: 

IMPORT LICENSING AND PROCEDURES

Slide 2: 

CONTENTS Definition Categories of Imports Types of Import Licenses Import Trade Governing Bodies Procedure for obtaining import license Import Procedure Documents used in Import

Slide 3: 

DEFINITION An import license is a document issued by a national government authorizing the importation of certain goods into its territory. Permit that allows an importer to bring in a specified quantity of certain goods during a specified period (usually one year). Reasons for Imports Availability Cachet Price

Categories of import : 

Categories of import Freely Importable Items Licensed Imports Canalized Items Prohibited Items

Types of Licenses : 

Types of Licenses Industrial license Commercial license Consulting and Service license Commercial – General Trading license

Import Trade Governing Bodies. : 

Import Trade Governing Bodies. Ministry of Commerce and Industry Directorate General of Foreign Trade (DGFT) Central Board of Excises Customs (CBEC)

PROCEDURE FOR OBTAINING AN IMPORT LICENSE IN INDIA : 

PROCEDURE FOR OBTAINING AN IMPORT LICENSE IN INDIA Step 1 : Form a company Step 2 : Open a bank account in company’s name. Step 3 : Obtain Import Export Code Number from Joint Director General of Foreign Trade in India. Step 4 : A proper application to be submitted to the Director General of Foreign Trade (DGFT). The Import Licensing Committee under the Chairmanship of Import Commissioner considers such applications on merits for issue of import licenses.

Import Procedure : 

Import Procedure Trade Enquiry Procurement of Import License Placing the Order Sending Letter of Credit Receiving Shipping Documents Clearance of Goods Making Payment

Documents used in Import : 

Documents used in Import Import License and Quota Certificate Indent Letter of Credit Bill of Lading Documentary Bill Dock Challan Dock Warrant Delivery Order Port Trust due receipt Bill of Entry

Slide 10: 

RAJESH PRATAP NITIN NIRMAL KRISHNA SAKSHI JAIN SURBHI JAIN PUNEET SHARMA VIVEK RAJPUT