What Is Custom Clearance & The Responsibilities Of A Clearing Agent?

1. Fast Clearing & Forwarding Agency Clearing agent facilitates the smooth clearing process.

2. Responsibilitiesof Clearing Agent • Prepare invoice • Prepare and handle documents • Post shipment formalities • Networking with government organizations. For example, a custom clearing agent in Delhi would have a network across surrounding states such as Rajasthan, Punjab and NCR. Address: 53/6, Old Rajinder Nagar, Delhi Email: fastclearingandforwarding@gmail.com Ph No.: 011-25785096

3. Categories of Import Goods • Freely importable goods are goods which can be imported freely under open general license • Restricted/ licensed imports require a license • Prohibited items cannot be imported from other countries Categories of Export Goods • Freely exportable goods can be freely exported under open general license • Negative list of exports include goods which cannot be exported to other countries • Restricted/ licensed export are goods which require a license for export Categories of Import & Export Goods Address: 53/6, Old Rajinder Nagar, Delhi Email: fastclearingandforwarding@gmail.com Ph No.: 011-25785096

4. The export of the cargo from the factory is informed to the export officials • An empty container is sent to the factory from the container yard for loading • The container is filled in the presence of an excise official • The export documents are kept ready • The container is loaded , sealed and then sent to the port • The documents for custom clearance are filed at the gateway port Steps in Export Clearance Address: 53/6, Old Rajinder Nagar, Delhi Email: fastclearingandforwarding@gmail.com Ph No.: 011-25785096

5. Filling of bill of entry through electronic data interface or manually • After cargo arrives in port, the carrier of goods files Import General Manifest (IGM) with the customs department • Each aircraft has one IGM number and each consignment has a line number which is entered in the bill of entry • Finally processing of bill of entry occurs after appraisal and assessment Steps in Import Clearance Address: 53/6, Old Rajinder Nagar, Delhi Email: fastclearingandforwarding@gmail.com Ph No.: 011-25785096

6. They are also known as carrying or forward clearing agents • They ensure compliance with custom rules • Ensure clearance of goods within stipulated time and avoid demurrage • Prepare and submit documents such as bill of entry, for clearance process Role of Clearing Agents Address: 53/6, Old Rajinder Nagar, Delhi Email: fastclearingandforwarding@gmail.com Ph No.: 011-25785096