NEWS & BLOG
Views: 52 Author: Site Editor Publish Time: 2022-03-23 Origin: Site
India is the largest country in the South Asian subcontinent, with many domestic ports and 12 major ports, including Mumbai, Kolkata, Chennai (formerly known as Madras), Cochin, Goa, etc., undertaking 3/4 of the freight volume. Among them, the port of Mumbai is the largest port and ranks 18th in the world in terms of shipping capacity. Sea freight shipping from China to Kolkata port in India needs to transit through other ports, including Colombo/Vishakhapatnam/Krishnapatnam/Port Klang/Singapore and other ports.
According to data from the Indian Ministry of Industry and Trade, India’s import and export volume in fiscal year 2021 (April to the end of March of the following year) reached $1 trillion for the first time. Among them, India's exports exceeded the US$400 billion mark for the first time, reaching US$418 billion, an increase of 43.2% over the previous fiscal year. Imports also hit an all-time high at $610 billion. This article will tell you everything you need to know before exporting to India.
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The port with the highest cargo volume in India is the Port of Kandla, which is located in the western Indian state of Gujarat. The second-ranked Port of Paradip and the third-ranked Port of Visakhapatnam are located in the states on the east coast of India.
Port of Kandla is located on the northeastern shore of Kutch Bay on the northwestern coast of India. The port is a new diversion port built in the 1960s to relieve the backlog of goods in the port of Mumbai and is the closest seaport to the capital, New Delhi. The coastline of the main wharf berths in the Candela port area is 1166m long and the maximum water depth is 9.1m. There are also 4 mooring floats with a water depth of 113m, which can moor large ocean-going ships. The main imported goods are machinery and daily necessities, and the main export goods are cotton and cane sugar.
Port of Paradip (port code: INPPT) is a new seaport (opened in 1966) on the delta of the estuary of the Mahanadi River in India. The water depth is 12 meters, and it can berth 60,000 tons of seagoing vessels, which are specially used for the output of iron manganese ore and mica. There are railways connected to the iron-manganese mining areas of the Orissa plateau. Ore is mainly exported to Japan.
Port of Visakhapatnam (port code: INVTZ) is a seaport in the central east coast of India, an Indian commercial port. Located in the middle of the east coast of India, on the west side of the Bay of Bengal, it is a natural small bay on the coast of the Bay of Bengal in the southeast of the country. It is about 73n mile away from the port of Kakinada in the southwest, 460 nautical miles away from the port of Calcutta in the north, and Madeira in the south. The Port of Sri Lanka is 326 nautical miles away, and the east is 1,624 nautical miles from the Port of Singapore. It is India's largest iron ore export port.
Nhava Sheva port and Mumbai port are actually the relationship of different ports in the same port area. Port code: INNSA, Mumbai is the largest container port in India. Since the water depth of the Mumbai port is less than 10 meters, it is not conducive to the long-term development of the port. The port of Helu is also known as the "NHAVA SHEVA" port.
Port of Mumbai (port code: INBOM) is an important deep-water port in India, located at the mouth of the Uras River. The port has a long history and plays an important role in the Indian economy. It is the bridgehead of the South Asian Continental Bridge, starting from Calcutta in the east and Mumbai in the west, with a total length of 2000km.
Port of Chennai (port code: INMAA), formerly known as the Port of Madras, is the second largest container port in India, after the port of Mumbai New Port, and the largest port in the Bay of Bengal.
New Mangalore Port is a small water all-weather port in Mangalore, Karnataka, India, and the deepest inner port on the west coast. It is the only major port in Karnataka, which serves the Karnataka hinterland and, to a certain extent, Kerala. The main commodities exported through the port are iron ore concentrates and pellets, iron ore fines, manganese, granite stones, coffee, cashew nuts and containerized cargo.
Port of Tuticorin is the southernmost port of India, in Tamil Nadu, on the east-west international routes in the southeastern waters of India, and has a very high strategic position. The main cargo handled in the port of Tuticorin is coal, grain, salt, sugar, petroleum products and edible oil and other bulk cargoes, and it is the main trading port between India and neighboring Sri Lanka.
Port of Cochin (port code: INCOK), is the main port in the Arabian Sea-Indian Ocean waterway and the largest port in India. The International Container Terminal at the Port of Cochin is the largest container transshipment centre in India. Mainly import oil, grain, steel, fertilizer; export rubber, tea, coffee, pepper, spices, aquatic products, etc.
Port of Marmugao (port code: INMRM) is located in the seaport city of Marmugao in the Central Territory of Goa on the west coast of India. Mormugam City is a seaport city in the Central Territory of Goa on the west coast of India. Located at the entrance of the triangular port of Mormugang, it is the intermediate station of the route between Mumbai and Cochin. It is connected with the iron-manganese ore area of Karnataka by railway lines.
India sea import and export, involving the following documentary information.
(1) Signed invoice
(2) Packing list
(3) Marine bill of lading or bill of lading / air waybill
(4) The completed GATT declaration
(5) the importer or its customs agent's declaration
(6) approval (provided when needed)
(7) letter of credit / bank draft (required to provide)
(8) insurance documents
(9) Import license
(10) industry license (provided when needed)
(11) laboratory report (provided when the goods are chemicals)
(12) Provisional tax exemption order
(13) The original tariff exemption right certificate (DEEC) / tax refund reduction right certificate (DEPB)
(14) catalog, detailed technical specifications, relevant literature (goods are machinery and equipment, machinery and equipment parts or chemicals to provide)
(15) machinery and equipment components individual prices
(16) Certificate of origin (preferential tariff rates applicable to provide)
(17) no commission statement
The Indian Customs Service has issued Notification No. 33/2018 which states that with effect from April 1, 2018, importers must ensure that the following essential details are notified to their exporters abroad for inclusion in booking such goods.
(1) Importer's Import and Export Code (IEC)
(2) Excise Importer Identification Number (GSTIN)
(3) The importer's official email ID (for shipping lines and customs communications)
The notification is issued due to consignment of hazardous waste, other waste or restricted items imported under the name of certain importers that remain uncleared. It is therefore important to record basic information about the importer on the bill of lading so that these details can be used to determine the DPD stack and for various other purposes.
From July 1, 2017, India will consolidate its various local service taxes into a Goods and Services Tax (GST), which will also replace the previously announced 15% Indian service tax. the GST rate will be 18% of the cost of importing and exporting Indian services, including local charges such as terminal handling charges and inland transportation charges.
On September 26, 2018, the Indian government suddenly announced an increase in import tariffs on 19 "non-essential goods" to reduce the widening current account deficit. The tariff adjustment raised duties on imports of air conditioners, refrigerators, washing machines, footwear, loudspeakers, jewelry, some plastic products, luggage, and aviation turbine fuel.
India's Ministry of Finance has notified an increase in import duties on 17 items with effect from October 12, 2018. These 17 goods include smart watches, telecom equipment, etc. The notification shows that the tariff on smart watches and telecom equipment has been increased to 20% from the current 10%.
First of all, all goods transhipped to the Indian inland cargo terminal, must be responsible for the entire transport by the shipping company, and must be the bill of lading and manifest final destination column filled in the inland point. Otherwise, it must be emptied at the port or pay a high fee for changing the manifest before transshipment to the inland.
Secondly, after the goods arrive at the port, they can be stored in the customs warehouse for 30 days. After 30 days, the customs will issue a notice to the importer to pick up the goods. If for any reason the importer cannot pick up the goods on time, he can apply to Customs for an extension as needed. If the Indian buyer does not make an extension request, the exporter's goods will be auctioned off after 30 days of storage in customs.
After unloading the goods (generally within 3 days), the importer or his agent shall first fill in the "Import Declaration" (Bill of Entry), in four copies. The first and second copy shall be retained by Customs, the third copy shall be retained by the importer, and the fourth copy shall be retained by the bank where the importer pays the tax. Otherwise, high demurrage fees must be paid to the port authority or airport authority.
If the goods are declared through the Electronic Data Interchange (EDI) system, there is no need to fill out a paper Import Declaration, but the details required by Customs to process the application for customs clearance of the goods need to be entered into the computer system, and the Import Declaration is automatically generated by the EDI system.
(1) Bill of Lading
POD for goods from India, both the consignee and the notifying party must be in India and have detailed name, address, telephone and fax. Description of the goods must be complete and accurate; free time clause is not allowed to be shown on the bill of lading.
When DTHC and IHI charges need to be borne by the consignee, it is necessary to show "DTHC and IHI charges from A to B on the consignee's account, if you need to transit, you need to add the in transit to clause, such as CIF Kolkata India in transit to Nepal
(2) According to the product HS CODE inquiry to determine whether to apply for FORM B Asia Pacific certificate or general certificate of origin, FORM B customs clearance can enjoy 5%-100% tariff reduction.
(3) The invoice date should be consistent, and the shipment date should be consistent with the bill of lading.
(4) All imports into India are required to submit the following full set of import documents: import license, customs declaration, customs entry, commercial invoice, certificate of origin, packing list and waybill. The above documents are required in 3 copies
(5) Packaging and labeling
Indian ports are generally located in tropical areas, heat and humidity may cause damage to the goods. Therefore, the shipment of goods need to use waterproof packaging, and the use of galvanized or tinplate shipping boxes, do not use tarpaulin and other packaging.
The label should be written in English, specifying the country of origin of the description of the text to be written in the container or label on the other English words as eye-catching.
Indian customs auction provisions.
(1) The goods can be stored in the customs warehouse for 30 days after arrival.
(2) After 30 days, Customs will issue a notice to the importer to pick up the goods. If for any reason the importer is unable to pick up the goods on time, he may apply to Customs for an extension according to his needs.
(3) If the importer in the extended time is still not on time to declare the goods, the Customs will again (and for the last time) to the importer issued a reminder to pick up the notice.
(4) If the importer does not pick up the goods within the specified time after receiving the second notice from Customs, and does not make any explanation and application for extension, Customs will auction the goods.
The goods arrive at the Indian port, you need to IGM (cargo manifest declaration) 3 days in advance, once the importer code (IEC number) is indicated, the right of goods has been transferred to the importer; at this time, no matter the owner, freight forwarder or shipping company, can not control the right of goods, regardless of FOB or CIF conditions, regardless of whether the bill of lading "TO ORDER OF SHIPPER" (instruction bill of lading), regardless of whether the bill of lading in your hands, whether L / C, D / P or T / T, the Indian importer can not return the goods, and wait for the customs auction, low cost to obtain the goods.
Indian customs regulations, the exporter must be provided with the original importer to give up the goods certificate, the relevant proof of lading and the exporter to request the return of the letter, entrusted to the shipping agent in the payment of port storage fees, agency fees and other reasonable fees for the return procedures.
If the importer does not want to give the exporter a certificate of not wanting the goods, the exporter can refuse to pay or pick up the goods with the importer's letter or letter provided by the bank or shipping agent of the importer does not pay for the bill of exchange, the relevant proof of lading and the seller's request for the return of the goods letter entrusted to the shipping agent directly to the relevant Indian port customs request for the return of goods, and the relevant procedures.