Export Import data of Indian ports

An analysis of the export import data of Indian ports will reveal more information about the status of international trade in India. When a nation sends its goods or services in return for consideration in foreign currency, it is termed as export. When a nation buys goods and services from other nations on payment of foreign or domestic currency it is termed as import. Export or import of a country can only happen through ports or through air ways.

Role of custom import data in International trade

Custom duties and taxes are a major source of revenue for the Central Board of Excise and Customs department. They also form a major cost of import and export business. Customs rule require every importer to pay a certain percentage of the value of imported goods as import duty to the government. Custom import data provides detailed information as to the material imported, name of importer, volume of import, import duty paid, etc

Review about Kolkata export data

International trade is a lucrative business field since the returns are high with modest stakes. Hence, the pace with which decisions have to be made in international trade transactions are more quick and sensitive then in normal transactions. Kolkata export data enables its users to trace out information about leading Exporters, their clients or customers, products handled, services rendered, etc.

Indian customs import data

Trade is a risky affair; especially international trade requires extensive application of prudence and caution in order to evade losses. The Indian customs import data help exporters and importers take timely and cautious business decisions related to international trade. International trade is the backbone of any country as it helps them procure

Indian HS Code classification

HS System which stands for Harmonized System is an internationally accepted naming methodology for goods and services that are traded in international trade. It is also known as the Harmonized Commodity Description and Coding System. It was developed and imposed by the WCO (World Customs Organization) in 1988.

The significance of export and import in a nation’s economy

Exporting and importing goods are two essential features of international trade. International trade is important for any economy, as it is not possible any nation to be self reliant. Through import and export it can gain access to materials and services that are not available within its national borders.

What is Indian HS code list?

Indian HS code list are otherwise known as the Indian Trade Clarification that is prepared on the basis of Harmonized System of Coding adopted by India for its export and import functions. An eight digit number is allotted to traders to be used as the ITC-HS code. The codes are divided into two schedules – I and II respectively.