India Export Import Data India – An Overview

by Micky B. Professional Writter

India export data is based on shipping bills filled out at Indian customs at the time of export clearance. The import data is based on Bill of entry filled at Indian customs at the time of import clearance. The Premier official organization that collects Compiles and publishes trade statistics is the directorate general of commercial intelligence and statistics (DGCI&S). It is the subordinate office of the ministry of Commerce and Industry and is located in Kolkata. The foreign trade data generated by the directorate is disseminated through monthly press releases and directory of importers and exporters.

India Export Import data, Import export data India, is based on shipping bills filled at Indian customs at the time export clearance. Major export items include live animals, Diary and milk products, tea, coffee, spices, footwear, gems & stones, handicrafts, surgical and laboratory equipments, sports goods etc. Major items imported include dry fruits, palm oil, organic chemicals, steel scraps, nickel waste, mobile phones, laptops, printers etc.

India Export Import Data, Import Export Data India. The Exim policy of India mentions all the items that can be freely imported, items that are prohibited and items that are restricted. India Export Import data, Import export Data India, trade data covers India’s foreign trade with over 200 countries around the world and covers transactions of over 2,00,000 importers and exporters.

The economic needs of the country, judicious and effective use of foreign exchange, industrial and consumer requirements are the basic factors which influence India’s import policy. The three main objectives are:

1. To make necessary imported goods more easily available

2. To simplify and streamline procedures for import licensing

3. To promote efficient import substitution and self reliance.

The policy also aims to achieve the average tariff levels prevalent in the Asian region. The average rate is about 30%.

As per the exim policy items banned from import are- Beef, tallow, fats & oils, animal rennet, and wild animals including their parts and ivory.

Canalised Items include- petroleum products, fertilisers, pulses, cereals, spices.

Items on the restricted lists requiring special license are safety and security related products, plants and animals, insecticides and pesticides and other items that could have an impact on security health and environment.

As per India Export import Data Imports are allowed free duty for export production under a duty exemption scheme. There are norms that specify the amount of duty free imports of inputs allowed for specified products to be exported.

As per Import export data India Exports in India increased to 1652 INR billions in August 2013 from1544 INR billion in July 2013. From 1978 until 2013, India exports averaged 253.4 INR billion. Certain examples of India’s main exports are engineering goods (19%), gems & jewellery (15%), Agricultural products (9%). India is also one of Asia’s refined product exporters. Petroleum accounts for 18% of total exports. India’s main export partners are UAE (12% of total exports), USA (15%).

Internet based sites are available for online business for global buyers, sellers, importers and exporters.

A new 8-digit commodity classification based ITC harmonised system of coding for imports were adopted in 2002. This classification by (DGFT) and customs helps eliminate classification disputes and reduce transaction costs of time.

Seair Exim Solution’s provides Indian HS code list at their new tab know as HS code classification, You can check it at our official website www.seair.co.in