Guidelines Required to Import Articles of Iron and Articles of Steel

 

The information provided here is part of Export Import Training online



Importing procedures of Articles of Iron and Articles of Steel


Common requirements to import


Registration to act as an Importer
: Government registration is required to become an importer in the country to act as an importer. Foreign Trade government office of respective country is responsible to issue such authorization to become an importer. In India, IEC number (Import Export Code Number) is obtained from the office of Director General of Foreign Trade office to operate as an importer and exporter in India. Registration procedures to act as an importer are a onetime process, but renewal may be required as per the terms and conditions of such foreign trade office of a country. In most of the countries, the information on such registration for importer – exporter is linked with customs location and reserve bank, as process of imports and exports are online digitalized. So the importer of Articles of Iron and Articles of Steel is also required to contact concerned government agencies of their importing country to verify whether such onetime registration is necessary or not.

73 iron and steel articles
Procedures to import:
As per the mutual agreement between buyer and seller, the import shipment is taken place. Pricing, quality specifications, terms of payment, terms delivery, mode of transport and other terms and conditions are agreed and mentioned in purchase order and import shipment of Articles of Iron and Articles of Steel is effected accordingly.

As you know, under any importation of goods, necessary import documentation and customs clearance procedures at importing country have to be completed either importer’s customs broker or importer directly as per foreign trade policy of respective importing country. For importing Articles of Iron and Articles of Steel also, import entry documents along with carrier’s document (Bill of Lading /Airway bill), commercial invoice, packing list, certificate of origin and other required documents are filed and necessary import procedures are completed to take delivery of imported goods under Articles of Iron and Articles of Steel. Nowadays, necessary information is filed online and produces required documents at the time of inspection, assessment or delivery of import of goods at destination customs location. The international partners of countries share quality measures each other and exempt from multiple inspection on same products both for export and import. However, as per the policy of most of the developed countries import of goods from Least Developed Countries (LDC) need to be certified by authorized agencies before export. So, if any import of Articles of Iron and Articles of Steel takes place, the details of such information can be obtained from necessary government agencies of importing country.


Certificate of Origin to import
Articles of Iron and Articles of Steel: The source of origin of imported Articles of Iron and Articles of Steel is required in almost all countries. So a certificate of origin issued by necessary approved authorities at exporting country is required to import Articles of Iron and Articles of Steel. Certificate of origin helps to determine origin of imported goods to avail exemption on import duties and taxes. Different unilateral, multilateral and bilateral agreement between countries also allows imports and exports with exemption of import duties where in Certificate of Origin is the primary proof on country of origin of importing goods under Articles of Iron and Articles of Steel.


Bilateral and Unilateral agreements under importation of Articles of Iron and Articles of Steel:

The countries each other may have bilateral, multilateral and unilateral agreements which exempt documentation and rates of import tax and duties. The importers have to collect accurate information from necessary government agencies before import of Articles of Iron and Articles of Steel.

 


Restriction to import

Some of the materials are prohibited to import in some countries based on their foreign trade policy on imports. So importer can cross check the requirements of import of their products before placing order with overseas buyer.


Prohibition to import

Some of the materials are prohibited to import in some countries based on their foreign trade policy on imports. So importer can cross check the requirements of import of their products before placing order with overseas buyer.



Specific requirements to import
Articles of Iron and Articles of Steel

 


Anti dumping duty

Some of the importing items under Articles of Iron and Articles of Steel importing from some of the countries attract anti dumping duty. The reason for imposing anti dumping duty is for rectification of trade distortive effect of dumping and re establishes fair trade. World Trade Organization WTO members as per GATT (General Agreement on Tariff and Trade) permit their member countries to take individual decision on imposing such anti dumping duty to ensure fair trade rather than protecting domestic industry.

 


Quality standard of importing country

Import of some of the items under Articles of Iron and Articles of Steel needs quality standard approval of government agencies at importing country. Importation of such items is subject to their compliance with said quality approval certificate from the quality approval authorities of importing country.


RSP based valuation for import of some items under Articles of Iron and Articles of Steel

Some of the items under Articles of Iron and Articles of Steel fall under RSP based valuation to estimate import tax. CVD is calculated on the basis of RSP based valuation to determine import duty. RSP means retail sale price. Retail Sale Price RSP means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the like, as the case may be, and the price is the sole consideration for such sale.

 


Permission from Chief controller of explosives to import Gas Cylinders

Import is allowed against a licence in form 'D' granted by the chief controller of explosives under gas cylinders rules,2004. No cylinder filled with any compressed gas shall be imported by air save with the previous sanction in each case of the director general of civil aviation. Import of 1) welded low carbon steel gas cylinders for low pressure liquefiable gas (sr. No's. 53, 54, 55 and 58 of appendix iii to schedule i of itc-hs) ; 2) refillable seamless steel gas cylinders; normalized steel cylinders; 3) refillable seamless quenched and tempered steel gas cylinders with tensile strngth less than 1100 mpa (112 kgf/mm2); 4) welded and seamless steel dissolved acetylene gas cylinders and 5) LPG containers for automotive use is subject to complianc with the mandatory quality standards (bis) as per import policy.


In this article, the documentation, process and formalities to import Articles of Iron and Articles of Steel are explained. As explained above, this information is generally applicable for all countries to import Articles of Iron and Articles of Steel. These details on how to import Articles of Iron and Articles of Steel are given to provide a basic idea to bring vegetables from foreign country. Specific requirements for each importing country need to be followed by importers and exporters of Articles of Iron and Articles of Steel.


Have you satisfied with this post about basic information on documentation, procedures and formalities in importation of Articles of Iron and Articles of Steel.

 

 

The above information is a part of Import Export online Training




Would you like to comment your thoughts on this article about Articles of Iron and Articles of Steel? Share below your experience in importing Articles of Iron and Articles of Steel from overseas country.

 

Also read;


GST rate payable for goods or service, click here

 

Click here to know GST exemption list of goods and service


How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Dispute settlement in international business



Related posts about import export trade tutorial:

How does Bill of Lading work in DP payment terms?
How to amend spelling error in IGM. in India
Transferability of Bill of Lading
What happens if overseas buyer not paid export bills discounted.
What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain GSP - Certificate of Origin?
How to open an LC? Procedures to open a Letter of Credit
How to prepare an Export Packing list. Contents of Export Packing list
How to send export samples to foreign buyer? Tips to send samples to foreign buyer
How to solve exchange rate variation in export business:
Import General Manifest (IGM)
Types of Export Containers
Dimension of Cargo Containers
Reduction of import duties on LED,LCD,Television, Computer, Laptop,Tablets etc in Budget 2014
Packing credit pre shipment finance to suppliers for exports through other export agencies
Dimension details of 40’ Insulated container porthole type
Budget 2014, ITC Tariff item 2402 20 60 omitted

 



The above post commonly explains on the questions given under about import guidelines of Articles of Iron and Articles of Steel. These products fall under chapter 73 of HS code. Please contact authorized government agencies of importing country for accurate information on importation procedures and formalities:

Import guidelines to foreign buyers of sheet piling of iron or steel. How to import steel slotted angles of iron or steel? What are the procedures to import angles, shapes and sections? Import clearance formalities of railway or tramway track construction material of iron or steel, Tips to importers of switch blades, crossing frogs, point rods and other crossing pieces. Processes to import fish-plates and sole plates of iron or steel, Can I import parts of material for jointing or fixing rails of iron or steel, Is import of tubes, pipes and hollow profiles, of cast iron permitted?, Import clearance procedures of rain water pipe of iron or steel, Import documents require for soil pipe of iron or steel, Customs procedures to import blanks for tubes and pipes of iron or steel, How to import spun pipe of iron or steel?, Processes to import stainless steel, Licenses required to import tubes and pipes of iron or steel, Government rules to import iron or steel drill pipe of stainless steel, Tips to overseas buyers of cold drawn or cold rolled (cold reduced) upto 114.3 mm diameter AND above 114.3 mm but upto 219.1 mm outer diameter. Government licenses required to import cold-drawn or cold-rolled (cold-reduced), Methods to import longitudinally submerged arc welded, Import procedures to bring casing of a kind used in drilling for oil or gas, Shipping procedures to import high pressure hydroelectric conduits of steel, Import tips to foreign buyers of welded, of stainless steel, Importation of longitudinally welded, How to import line pipe of a kind used for oil or gas pipelines, Can I import threaded elbows, bends and sleeves? Guidelines to importers of other, welded, of circular cross-section, of stainless steel. Formalities to import galvanised, Shipping procedures required to import flanges, How to ship sponge iron cast fittings? Guidelines to overseas buyers of bridges and bridge-sections of iron and steel. Import guidelines to foreign buyers of towers and lattice masts of iron and steel. How to import transmission line of iron and steel? What are the procedures to import iron lattice masts of iron and steel? Import clearance formalities of doors, windows and their frames and thresholds for doors of iron and steel, Tips to importers of hatchway, rails and bulkheads for ships or boats and parts of hull of iron and steel. Processes to import galvanised tension bars, Can I import parts of structures and super structures for mining, Is import of iron drop rods permitted?, Import clearance procedures of iron tubular steel poles, Import documents require for iron truss rods, Customs procedures to import iron pressure vessels, How to import pressed steel tanks

Import guidelines to foreign buyers of tin plate containers. How to import pans? What are the procedures to import stoves? Import clearance formalities of cookers and kitchen stoves, Tips to importers of cast iron, enamelled. Processes to import staples other than in strips, Can I import parts of tacks OF STEEL AND IRON, Is import of dog spikes permitted?, Import clearance procedures of safety pings, Import documents require for table, kitchen or other household articles and parts thereof, of iron or steel, Customs procedures to import sanitary ware and parts thereof, of iron or steel, How to import cast articles of iron or steel?, Processes to import alloy steel, Licenses required to import stainless steel, Government rules to import rudders for ships or boats, Tips to overseas buyers of belt lacing of steel. Government licenses required to import articles of clad metal, Methods to import manufactures of stainless steel, Import procedures to bring enamelled iron ware, Shipping procedures to import anchors, grapnels and parts thereof, of iron or steel, Import tips to foreign buyers of nails, tacks, drawing pins, corrugated nails, Importation of skid chain, How to import iron ship chain, Can I import chain and parts thereof, of iron or steel? Guidelines to importers of iron lifting and hoisting chain. Formalities to import barbed wire of iron or steel, Shipping procedures required to import trunks and cases


Comments


Binay Agarwal : I am Looking for expert guidance / steer on this. I would be grateful for this.

Piyush Singhania : I am piyush singhania (prop. M/s Sharda Aluminium Works) and recently i hruilusfi@gmail.com bought 200 pcs of aluminium pressure cooker from china. please tell me do I require BIS certificate for customs in India. Goods are still in china warehouse with complete docs. please tell me procedure if yes?

jawahar gupta : i am working in a garment export company Mumbai one day our export mgr told me that importer requires an export (a kind of value/money related) certificate from exporters / (or own exports) to import something. and for this importer pay better (+1.5%)rate than bank to us(exporter)...and for this, many importers remain in contact with us. is this true? and what exactly he wanted to say. my question is: one can import the things only when one may show the value of export done...

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers