Category: Import Goods Clearance

Jul 30

USA Imposes 25% Tariff on Exports from India Starting August 1, 2025

The global trade landscape is poised for a significant shift as the United States is set to impose a 25% tariff on exports from India, effective August 1, 2025. This policy decision is expected to have wide-reaching consequences for bilateral trade relations, Indian exporters, and global supply chains. Let’s explore why this tariff is being introduced, which sectors are most affected, and how businesses can navigate this new challenge. Why is the USA Imposing a 25% Tariff on Indian Exports? Read Full Details…

Jul 16

Tariff Hikes and Exports to the USA: What Exporters Need to Know

In recent years, tariff hikes imposed by the United States have significantly impacted global trade dynamics. For exporters targeting the U.S. market, understanding these tariff changes and their implications is crucial to sustaining competitiveness and growth. The effects of tariff hikes on exports to the USA, challenges faced by exporters, and strategies to navigate this evolving landscape. What Are Tariff Hikes? Tariffs are taxes or duties imposed by a country on imported goods. When the U.S. government raises tariffs on Read Full Details…

Jun 11

Customs to introduce additional disclosures for export-import of medicinal products from July 1

The Customs Department will introduce additional disclosures for the export and import of medicinal products from July 1 to fast-track clearances of shipments. These additional disclosures will reduce queries of Customs officials, which are frequently posed to EXIM traders dealing in medicinal plants and chemicals. In a circular, the CBIC said in consultation with the Ministry of AYUSH and DGFT it has been decided that additional qualifiers like declaration of the name of the medicinal plant for exports of parts Read Full Details…

May 15

Know about India’s Dynamic Trade Policy Created History in Foreign Trade

India has long been a hub of international trade and commerce, dating back to ancient times when it served as a major trading center for spices, textiles, and other goods. Today, India is one of the world’s fastest-growing economies and a major player in the global trade landscape. The country’s dynamic trade policy has been a key driver of this growth, allowing Indian businesses to expand their reach and compete on a global scale. Over the past few years, India’s Read Full Details…

May 09

Know about the Import Goods Clearance Procedure in Custom Ports

Importing goods into a country requires following certain legal procedures and obtaining clearance from the relevant authorities. In this article, we will discuss the import goods clearance procedure in custom ports, including the steps involved and the documents required. Step 1: Filing the Import Declaration The first step in the import goods clearance procedure is filing the import declaration. This document provides information about the imported goods, including their quantity, value, and classification. The importer needs to file this document Read Full Details…