Excel International Journal of Technology, Engineering & Management

ISSN : (Print): 2348–0378 |
(Online): 2349–8455

2.5

CiteScore

8.8

Global Impact Factor

A STUDY ON PROBLEMS FACED BY CUSTOMS CLEARANCE AGENCY WITH REFERENCE TO PENTAGON SHIPPING COMPANY

Paper ID: EIJTEM_2022_9_4_73-78

Author's Name: Dr. A. Shameem, Dr. Anniesam, Naveen. R. N

Volume: 9

Issue: 4

Year: 2022

Page No: 73-78

Abstract:

Customs clearance is a necessary procedure before goods can be imported or exported internationally. If a shipment is cleared, then the shipper will provide documentation confirming customs duties that are paid and the shipment can be processed. Every imported goods should paid the customs duty. Customs duty is a kind of an indirect tax that is imposed on every imported goods. For example last week also we import Tractor tyre from sri lanka so that tyres having some percentage of tariff, so we paid that customs tariff. And also these goods coming under HS code. Once cleared, the shipper is provided with a document that confirms that all customs duties have been paid and that the shipment of goods may proceed. A freight forwarder will usually handle the customs clearance process, but you may also choose to hire a customs broker.

Keywords: CUSTOMS CLEARANCE AGENCY, PENTAGON SHIPPING COMPANY

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