Customs data: Requirement for Export Import Business
Customs data: Requirement for Export Import Business
Custom data and taxes constitute an important part of trading. Every trader has to pay taxes on the goods imported and exported. Certain organizations are responsible for administering the levy and collection of these customs. To ease out trading and the payment of such taxes and information regarding them various companies have provided some online facilities like import export customs. This data which is available online gives all the necessary information regarding the taxes levied.
Registration and monitoring of goods imported and exported is ensured. The import and export of goods and services is facilitated by providing full information and guidance and simplifying the central, customs excise processes along with combating fraud and ensuring national security. The efficient online custom data facilities provide easy services to people. Online filing of import export declarations is provided along with a facility for checking its status. Updated directories of the import custom data are available to help the users to get all the relevant information.
The strategy is to provide a single point access to customs and also enable secure transactions over net. The other strategies involve network of customs nodes and centralized security monitoring. A challenge of sourcing data from heterogeneous sources and filtering them to transform and store in a form that is easy to access and use has been undertaken. This custom data warehousing serves as an excellent source of information. The key benefits of this information available online include risk profiling, trade analysis and statistical analysis.
The CBEC India is one of the major bodies in import export business, involved in imposing customs, anti dumping duty, safeguard duty. It sends out customs duty notifications for each year which can also be accessed online. To provide full guidance and reduce the load of traders it ensures quick response to grievances of the traders. It aims at prompt acknowledgment of grievances, disputes and complaints and resolving them through various administrative and legal measures. CBEC attempts to provide a response within 30 days and for further assistance grievance redressal officers are appointed at various levels. Maintenance of good standard of services is aimed at through quick response, close monitoring, standardization of the processes and transparency in all the transactions.