The International Trade Committee of the Bengal Chamber has recently organised an online workshop on “Customs Regulation” on 5th May 2022; on Zoom.

With the acceptance and ratification of TFA by 154 countries, who are members of WTO, there are critical changes in the entire operations of Customs Department including faceless and paperless assessment. Online application of Drawback and RoDTEP, filing of documents electronically on ICE gate & operationalization of E−sanchit etc. requires conceptual clarity as well as procedural expertise. Similarly, there are changes in the customs law including Compulsory Compliance Requirements and Post Clearance Audit.

An exporter / importer normally relies on external agencies for clearance of goods. However, ultimate responsibility lies with the exporter / the importer. It was therefore extremely important for all companies dealing in International Trade to get complete idea of operational issues. On the basis of this requirement the workshop on “Customs Regulation” was organised by the International Trade Committee of the Bengal Chamber

The workshop covered: -

Three critical areas in operation

• Classification of Goods
• Valuation and assessment including self−assessment
• Examination of Goods

Customs Tariff Act 1975

• Basic Provisions and Tariff related issues
• Tariff and Non−tariff Barriers
• Tariff Barriers
• Anti−Dumping Duty
• Safe−Guard Duty
• Anti−Subsidy Duty

Non- tariff Barriers

• Licensing
• Quantitative restrictions
• Technical standards

Customs Audit

• Regulations 2018
• Preparation for Audit
• Replying audit queries − Essential Knowledge
• Common compliance issues

The programme was well attended by participants from various corporate. Some of them include, EXIDE Industries Ltd. Tata Steel Ltd, Tata Metaliks Ltd., the Tinplate company of India Ltd., Wacker Metroarch Chemicals Pvt. Ltd., SAIL, Balmer Lawrie & Co. Ltd. Hindalco Industries Ltd. IFB Agro Industries Ltd. and many others.