China

India 

 

Key messages

 

Customs regulations are stringent in India and, if not followed, may lead to substantial costs in terms of extra duty or imposition of penalties. On the other hand, the FTP and Customs regulations provide a variety of exemptions or concessions to importers for export promotion or specified end use.

 

Recently Indian Customs have introduced 'self assessment' scheme for import and/or export of goods into/ from India wherein, the importer/ exporter would be required to self assess the value, duty, etc.. Further, For securing international supply chain is India Customs is also in the process of rolling out Authorised Economic Operator scheme.

Trade & Customs Contact

New Delhi

     

Pratik Jain

Executive Director


Tel: +91 (124) 3075002

Email: pratikjain@kpmg.com

     

Rahul Shukla

Senior Manager


Tel: +91 (124) 3345190

Email: rshukla1@kpmg.com

     

Rahul Shekhar

Senior Manager


Tel: +91 (124) 3074000

Email: rshekhar@kpmg.com

 

Pune

     

Waman Parkhi

Partner


Tel: +91 2030504149

Email: wparkhi@kpmg.com