Modules: 1
What You’ll Learn: Opportunities in import and export, export-import documentation & compliance along with customs clearance procedures & duty calculation
Mentor: Prashant Kinagi
Know Your Mentor: With over 13 years of experience, specialising in export and import finance, cost reduction and financial management. His expertise has helped businesses optimise trade operations and ensure compliance with global trade regulations
Ideal for: Commerce students, MBA students, finance professionals, entrepreneurs, and individuals looking to master import finance, export and import finance in India, and global trade compliance
1. What is the procedure for customs clearance?
Submit required documents, pay duties, and comply with regulations. Key steps include declaration filing, document verification, duty payment, and customs inspection. Proper import export finance planning ensures smooth clearance.
2. What are the incoterms 2020?
Incoterms define trade responsibilities. Common terms: EXW (buyer arranges shipping), FOB (seller delivers to port), CIF (seller covers freight & insurance), DAP (seller delivers to buyer’s location). Essential for import & export finance.
3. How to calculate customs duty?
Customs duty = Assessable Value (CIF) × Duty Rate (%) + additional taxes. Effective import finance planning helps manage these costs.
4. How to calculate import duty?
Import duty depends on product type, origin, and tax rates. Formula: (CIF Value × Basic Duty%) + Other Taxes. Proper export and import finance in India strategies optimize costs.