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Customs Shipping
June 2021
1. You have imported one consignment for
production purposes and to be used in your factory. Your assistant seeks your
advice as to which type of bill of entry should be filed to clear this
consignment. Explain the type of bill of entry to be filed with the customs to
clear this consignment.
Answer:
Imports form a vital component in the growth of a country be it a developed or
developing country. For developed countries, import of technology, raw
materials and capital goods is required for sustaining the optimum level of
production. This assists the developed countries to meet the demand
requirements of their consumers to sustain a high standard of living. On the
other hand, developing countries require imports in the area of technology and
capital equipment. This helps in accelerating the pace of development in these
countries. One of the best ways to improve your business and achieve success is
to set a goal. You may set a goal to reduce your import costs by a certain
percentage or to increase the amount you import without increasing your budget.
Many companies fear to set a goal, or worse, don’t bother because outside
2. One company wants to import 100 tons of
pipe fittings from U S. They got two quotations one for with container load and
one without container. The cost appears to be a little cheaper for without
container load. The company manager contacts you and seek your advice whether
to go for container load or without container. It requires approximately 4 x
40’ containers for 100 tons. What is your advice to the manager? Explain in
detail.
Answer: Logistics is viewed as
the competency that links an enterprise with its customers and suppliers. Thus,
the process is viewed in terms of two interrelated efforts, inventory flow and
information flow.
3. You are appearing for a written
examination for a job in customs clearance dept of an organization. You need to
answer the following questions to get short listed in the interview:
a. What is The Customs Act 1962 and how
many chapters are in this?
b. What is Customs Tariff and how many
section & chapters are in the customs tariff for Imports?
Answer: a) Customs duties are
calculated on the actual value of imported and exported goods. Actual value
implies the price at which merchandise is sold under fully competitive
situation. If the actual value cannot be determined for specific goods, the
value for identical goods can be taken. Customs authorities were formed as a
result of government agreements and international laws between countrie
Dear students, get latest Solved NMIMS assignments and
case study help by professionals.
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Call us at : 08263069601
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