India Import Data helps widen international trade for Indian traders

A wide variety of foreign national goods are being brought into India through imports. The standard of living and choices have also increased significantly due to the increase imports. Access to improved products and world class services are also now within the reach of Indian population due to imports. With the globalization and liberalization policy many international brands are also setting up shops in India for increasing their market share.

With local products giving heavy competition consumers have gained considerably by getting better goods and services at same prices. As far as the government is considered it also earns them a source of revenue through customs duties and taxes for imports into the countries. Luxury cars, branded clothes, footwear, electronic gadgets like mobile phones, laptop, cameras, tablets are the mostly items that are imported into India.

India import data provides traders information about the various items that have been brought into the country for sale. It gives extensive and detailed information like name of the importer, his nature of business, kind of business concern, area of operations, etc. Product details like model name, type, HS classification code, market price, place of origin, etc are provided. Exporter details are also accompanied with the import documents.

In addition, the importer provides information in the form of a declaration is also submitted to the customs authorities for perusal. The entire set of data as submitted by the importers are compiled and consolidated by the customs departments for all the Indian ports. Such consolidated information is offered to traders to gain commercial information that will aid in expanding their businesses.

India import data is often hosted import export companies in their internet portals. There are also other secondary offline sources from where such information can be obtained. However, the online portals are considered to be the best and easiest mode of obtaining import data. Such data maybe offered free of cost or in return for a price as determined by the export import company in consultation and approval of the customs authorities.

At present import data is available for a variety of products like coffee, tea, toys, cosmetics, wool, paper, leather, plastics, fabrics, processes textiles, etc. They are also available for certain heavy duty industrial equipment with prior request to the custom authorities.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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