Lost World Imports

Hi, Does anyone know some commonly found German imports? This can include cars, but I would like to know some other imports like: -Toys -Commonly used household items (Sorry, no cuckoo clocks) -And foods too (but it must be an import from Germany) If possible how is the item related to German culture (but this isn’t that important, I can find this myself) Are there any good websites you used? Please include these if possible, for it would help me with further research on the item. Thank you so much. -Kirstin. Do you know what I found? Some commonly found German imports include: Automobiles such as Porsche, BMW, Mercedes-Benz, Volkswagen, Volvo, and Audi Foods such as: sauerkraut, bratwurst, goulash, spaetzle, red cabbage, pumpernickel bread, gherkins and knockwurst. All of these can be found in American brands as well as German brands such as Bechtle, Gundelsheim, and Hengstenberg. But, some additional German brands found in the United States that may not be known as German (but most certainly are) include: Adidas (the tennis shoes) T mobile (cell phone company) Schwinn (bicycles) Bayer (like the aspirin) Merck (a HUGE pharmaceutical company, just look at your medicine bottles) PUMA (tennis shoes)

Turkey has sharply increased its oil imports from Iran. According to Turkey’s Statistical Institute, the country imported well over a million tons of Iranian crude this March – the highest monthly purchase since last July. However, new US sanctions are now harming relations between Ankara and Tehran. RT talks to political analyst Chris Bambery from London. RT on Facebook: www. Facebook. Com RT on Twitter: twitter. Com

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In some of the MS Access databases that you develop, there may be a need to import data from text files, also referred to as ASCII files or flat files. Let’s look at the menu methods available to you.

Under the File menu, there is an entry named “Get External Data”, and then “Import. . . “. The extra “. . . ” indicates that when you choose that entry, a dialogue box will appear on the screen to ask you for further details.

The next step is to change the “Files of type:” entry to show “Text Files (*. txt;*. csv;*. tab;*. asc)”. A good habit is to always use the . txt extension for text files. Thus, they will appear under that choice and you can quickly look for the file you want to import.

Generally speaking, your text files should either have their “fields” separated by a delimiter (usually a comma or a tab, but can also be a space, semicolon, or any other chosen character), or they may be in fixed widths where each field always takes the exact same space in each record.

Let’s look at the delimited style first. The fields will be automatically sensed by Access as per the delimiters. Subsequent dialogue box screens will ask you to indicate if the first row in the text file has field names, pick a table for the data (if you do not have one predesigned, Access will build it for you), designate field names if needed, adjust field types (Access tries to predetermine the types), indicate if the field should be indexed, tell MS Access to skip a field, add a primary key if it is creating a new table for your data, and finally, name the table if you chose to create a new one. If you are importing the data into a temporary table (a common process) use the defaults.

If your data is in fixed format, the main difference in the above is that you must verify the field boundaries in the data. If your data is all filled in (ie. no spaces) Access will not be able to guess where the fields end. Note that the dialogue box that you get in this case has instructions on how to create, delete, or move a field break line. A little experhymentation will get you successfully on your way quickly.

For a discussion of the exporting of data to a text file, visit http://www. databaselessons. com/text-files-2. php.

Learn how to import contacts into Gmail in this free instructional video. Expert: Drew Noah Bio: Drew Noah has been working for various websites for over five years. He uses the internet and email everyday for both work and pleasure. Filmmaker: Drew Noah

Dallas, TX: ReportsandReports announce it Trends in EU Textile and Clothing Imports, 2010 edition Market Research Report in its Store.

This report examines trends in EU imports and import prices for textiles and clothing as a whole and for 12 major product categories, namely cotton yarn, fabrics woven from synthetic staple fibres, fabrics woven from synthetic filament yarn, T-shirts, pullovers, trousers, women’s blouses, men’s shirts, women’s overcoats, women’s dresses, women’s skirts, and women’s suits.

Overall, EU textile and clothing imports fell in value by 7.0% in 2009, to Euro74.93 bn (US$104.11 bn). This was the first fall since 2003. Textile imports were down by 16.2% in value terms and by 13.8% in volume, while clothing imports fell by 3.8% in value and 6.8% in volume. In the first two months of 2010, imports continued to decline—by 11.3% in value and 1.5% in volume—compared with the corresponding period a year earlier. However, the drop was due almost

entirely to a fall in clothing imports, amounting to 14.4% in value and 9.4% in volume. Textile imports were down by a marginal 0.3% in value but rose by 5.2% in volume.

The average price of textile and clothing imports rose in 2009. However, the rise was due entirely to an increase in the price of clothing imports as the price of textile imports fell. Some suppliers increased their prices in order to maintain revenues in the face of falling sales volumes as the global financial crisis took hold. However, many suppliers have been moving to higher value products.

Seven of the ten largest textile and clothing suppliers to the EU raised their prices in 2009. Among these, the industry in Vietnam continued to increase its prices significantly after cutting them in 2006. There was also a substantial rise in the average price of imports from Bangladesh. During the first two months of 2010, however, nine of the top ten suppliers cut their prices as they attempted to maintain sales volumes. The one exception was Tunisia.

Table Of contents

SUMMARY

INTRODUCTION

Trends in EU imports

Textiles and clothing

Textiles

Clothing

Leading ten suppliers

Trends in EU import prices

Textiles and clothing

Textiles

Clothing

Leading ten suppliers

Impact of the elimination of China safeguard restrictions on EU imports from China and EU imports

from Vietnam

Impact of the elimination of China safeguard restrictions on EU imports from China

Impact of the elimination of China safeguard restrictions on EU imports from Vietnam

EU TEXTILE AND CLOTHING IMPORT TRENDS

General trends

Trends by main supplying region

Outlook

EU IMPORTS OF TEXTILES

General trends

Top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF CLOTHING

General trends

Top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF COTTON YARN

General trends

Top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF FABRICS WOVEN FROM SYNTHETIC STAPLE

FIBRES

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF FABRICS WOVEN FROM SYNTHETIC FILAMENT

YARN

General trends

Top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF T-SHIRTS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF PULLOVERS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF TROUSERS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF WOMEN’S BLOUSES

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF MEN’S SHIRTS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF WOMEN’S OVERCOATS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF WOMEN’S DRESSES

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF WOMEN’S SKIRTS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

EU IMPORTS OF WOMEN’S SUITS

General trends

The top ten supplying countries

Best performers

Worst performers

Highest and lowest import prices

Biggest price movements

APPENDIX

Exchange rates

Effect of quota liberalisation on imports

The impact of China’s accession to the WTO

List of tables

Table 1: EU: growth in clothing imports from China and Vietnam, and associated price changes,

selected categories, 2007-09

Table 2: EU: imports of textiles and clothing by region and country of origin, 2009

Table 3: EU: top ten suppliers of MFA textiles, 1990-2009

Table 4: EU: top ten suppliers of MFA clothing, 1990-2009

Table 5: EU: top ten suppliers of cotton yarn (Category 1), 1990-2009

Table 6: EU: top ten suppliers of fabrics woven from synthetic staple fibres (Category 3), 1990-2009

Table 7: EU: top ten suppliers of fabric woven from synthetic filament yarn (Category 35), 1991-2009

Table 8: EU: top ten suppliers of T-shirts (Category 4), 1990-2009

Table 9: EU: top ten suppliers of pullovers (Category 5), 1990-2009

Table 10: EU: top ten suppliers of trousers (Category 6), 1990-2009

Table 11: EU: top ten suppliers a of women’s blouses (Category 7), 1990-2009

Table 12: EU: top ten suppliers of men’s shirts (Category 8), 1990-2009

Table 13: EU: top ten suppliers of women’s overcoats (Category 15), 1990-2009

Table 14: EU: top ten suppliers of women’s dresses (Category 26), 1990-2009

Table 15: top ten suppliers of women’s skirts (Category 27), 1990-2009

Table 16: EU: top ten suppliers of women’s suits (Category 29), 1990-2009

Table 17: Trends in average exchange rates against the euro: the USA and selected Asian countries,

1997-2010

List of figures

Figure 1: Trends in EU textile and clothing imports, 1999-2009

Figure 2: Trends in EU textile and clothing average import prices, 1999-2009

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As the US seeks new ways to undermine the Syrian government, it’s now slapping even more sanctions on Damascus’ closest ally – Iran. President Obama’s given the all-clear to the toughest measures yet against the Islamic state’s oil industry. Washington will take punitive economic measures against any country that refuses to reduce imports of fuel from Iran. Soraya Sepahpour-Ulrich, researcher and writer talks to RT. She thinks America’s shooting itself in the foot by such sanctions. RT on Twitter twitter. Com RT on Facebook www. Facebook. Com

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Parallel imports are goods originating outside the jurisdiction in relation to which trade mark has been applied by or with the consent of owner of such trade mark and are imported into that particular jurisdiction by a third person, without authority from the right holder.[1] As soon as a country allows parallel imports, it normally means that it has applied exhaustion principle in the sense it is disallowing any control on the movement of goods once the right to place the mark on goods has been validly exercised in any market, irrespective of the country jurisdiction. On the other hand, if parallel imports are not allowed, it means the country has exercised the option of non-application of exhaustion principle.[2]

India allows parallel imports in patents w.e.f. 2002 amendment which has been further amplified by 2005 amendment. Section 107A (a) of The Patents Act, 1970 details certain acts not to be considered as infringement. According to this provision importation of patented products by any person from a person, who is duly authorized under the law to produce and sell or distribute the product, shall not be considered as an infringement of patent rights. But section 29(6)(c) read with section 29(2) and (4) purports to treat parallel imports or exports under a similar mark as infringement of the trade mark in trade mark sphere. In Copyright Act, 1957 parallel imports are not allowed as was decided in Penguin Books England vs India Distributors (AIR 1985 Delhi 29) and that legal position is continuing. The language in section 51 of the Copyright Act, 1957 ‘prohibited the imports of infringing copies of the work’. Importation leading to sale or issue of copies amounts to publication, which could not be done without infringing the rights of copyright holder in relation to India.

After the enforcement of the 1999 Act on 15.9.2003, it is now clear that the trade mark owner or his licensee enjoys exclusive right to import or export the goods on which a trade mark has been applied by virtue of Section 29(6) (c) read with Section 29(1) in respect of same goods or read with section 29(2) in respect of similar goods or if the trade mark enjoys reputation in India then the import monopoly extends to even different goods imported under confusingly similar mark by virtue of Section 29(4). The trade mark rights vested in a right holder in a country can be used to restrict the imports from another right holder (owner or licensee) of the products under the same trade mark produced in another country. On the basis of such a power the trade mark owner or the Intellectual Property Right-holder can impose import or export restrictions on any unit.[3]

By virtue of the present Custom notification and section 29(6)(c), import of identical marked goods fulfilling the two conditions as stated in section 107 are allowed. There cannot arise any occasion to import grey goods or parallel imports into India if these conditions are not satisfied. Indian right-holder is at liberty to restrain the imports of all such goods as the goods produced by a parallel licensee can be designated as infringing goods. The option of applying the exhaustion principle was closed in 1999 when section 29(6)(c) was enacted.[4]

References

________________________________________________________________________________________

1. Page 427 of ‘Law of Trade Marks in India’ by Ashwani Kr. Bansal (2009 edition)
2. The countries have the option in article 6 of the WTO-TRIPS
3. Page 436 of ‘Law of Trade Marks in India’ by Ashwani Kr. Bansal (2009 edition)
4. Page 438 of ‘Law of Trade Marks in India’ by Ashwani Kr. Bansal (2009 edition)

As the US seeks new ways to undermine the Syrian government, it’s now slapping even more sanctions on Damascus’ closest ally – Iran. President Obama’s given the all-clear to the toughest measures yet against the Islamic state’s oil industry. Washington will take punitive economic measures against any country that refuses to reduce imports of fuel from Iran. Soraya Sepahpour-Ulrich, researcher and writer talks to RT. She thinks America’s shooting itself in the foot by such sanctions. RT on Twitter twitter. Com RT on Facebook www. Facebook. Com

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I am doing this project about germany and I am asked to find the amount of imports and exports in germany each year in terms of money (any currency) . Please help me . I was so glad to find this — Germany, the fifth largest economy in the world and the largest economy in the Euro-Zone, depends heavily on its exports to drive the economy. With a strong network of trade relationships with almost all the major trading countries in Europe and all over the world, along with a weakened euro, Germany became the world’s 3rd largest exporter in 2010. One of the strongest demand for German’s commodities is automobiles. In 2009, Germany produced 5. 2 million vehicles, and was the world’s forth largest producer and largest exporter of automobiles. Germany automobile companies also dominate 90 percent of the top tier automobile market, which boasted brands such as Mercedes-Benz and Porsche. As one of the main members of the EU, Germany also strengthened economic and political ties with other countries. It is a strong supporter of the United Nations and OSCE (Organization for Security and Cooperation in Europe). After the unification of the East and West Germany in 1990, relationships between the two former republics strengthened, with the West supporting the East in rebuilding its economy. Annual transfers amounting to US$80 billion was also transferred from the West to the East to aid in modernisation and integration of the whole Germany, which is expected to last till 2019. Germany’s I’mport and Export Indicators and Statistics at a Glance (2010) Total value of exports: US$1. 337 trillion Primary exports – commodities: machinery, vehicles, chemicals, metals, manufactures, foodstuffs, textiles Primary exports partners: France (10. 2 percent of total exports), US (6. 7 percent), Netherlands (6. 7 percent), UK (6. 6 percent), Italy (6. 3 percent), Austria (6 percent), China (4. 5 percent). Total value of imports: US$1. 12 trillion Primary imports – commodities: machinery, vehicles, chemicals, foodstuffs, textiles, metals Primary imports partners: Netherlands (8. 5 percent of total imports), China (8. 2 percent), France (8. 2 percent), US (5. 9 percent), Italy (5. 9 percent), UK (4. 9 percent), Belgium (4. 3 percent), Austria (4. 3 percent), Switzerland (4. 2 percent)

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Small-sized imported products can arrive into Australia by post or by air, but the overwhelming majority of products that arrive into the country are shipped by sea in containers. Freight containers use an intermodal design so that they can be handled more easily, use less space and keep logistical costs to a minimum. Freight containers are used internationally and this means that they are also ISO standardised. Although ten-foot containers are sometimes used for small consignments, most imports arrive into Australia in twenty or forty foot containers.

Choosing the Best Container Type

Freight container sizes will usually be dependent on the size of individual products or the volume of an overall consignment. While there is actually very little difference between a twenty-foot container and a forty foot container in terms of cost, transportation prices tend to fluctuate more because of other influential factors such as crude oil prices and trading competition between freight companies.

A standard twenty foot container usually costs somewhere between A$2,500 and A$4,500 to ship whereas a forty foot container usually incurs a charge of between A$3,000 and A$5,500. Ordering imported products in larger consignments can actually work out to be more cost effective.

Costs can be reduced further by using major shipping routes instead of passages that are less travelled by the major freight companies. If strong competition exists between freight companies on major shipping routes, your overall costs might even fall further.

Container Usage

Terminology has a significant role to play in the world of importing and two of the more popular terms you will encounter in relation to freight containers are FCL and LCL. FCL is an acronym of ‘Full Container Load’ and this tells the freight and shipping companies that you are importing a large enough consignment to fill the space inside an individual twenty or forty foot container. LCL stipulates that a consignment is ‘Less than a Full Container Load’ and this means that your imports might have to share a container with those used by other importing businesses.

Usually, it will be more cost effective to secure a full twenty or forty foot container even if it is not likely to be filled completely. If your products are imported alongside those of another importer inside a shared container, premium prices are often applied and this will make your importing project less profitable. Smaller loads of less than one cubic metre in size can usually be imported at less cost using air freight or postal services.

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something Importing countries means, the country that is a heavy importer must pay more depending on the amount of import of fact. Import cost of a country are balanced by funds generated through the export of another material.

Import and export bear a huge impact in the economy of a country. If the amount of import of fact, it’s more than the amount of export is done, then there is a loss in the fund. In a country like India, which is the seventh largest in the world, it does not need to import a lot of things in other countries. It is simply because the area covering India, various raw materials are grown in different regions of the country. The amount of import of fact may not lead to inflation. It is often seen that there is rice in the market price of different things. The general reason for that maybe he should be imported from another country. When it is imported from another country, the price paid for imports is determined by the exporting country. However, it can also be arranged exchange transactions between countries where both parties agree to exchange a commodity instead of the other by fixed amounts or quantities. It is extremely important to keep a check on the amount of import of fact, because it can lead to excessive prices or scarcity of the material in the country.

The bill of entry plays an important role in the whole import process and each importer will have to be careful in the bill before prevailing planning to import goods.

Import duty in India is in place to ensure that illegal activities are not developed in the country. Fees are also introduced to keep a check on the exchange rate of Indian currency. Import duty in India was first levied in India in the year 1962 when the tariff was introduced in the Indian Constitution. The tables of rates at which duties are levied on imported goods were first prepared in 1975. However the list is revised and reviewed from time to time to keep the economy and the global economy as well.

Import duties are the kinds of taxes that are charged on all products and components that go into a country to be sold on its market. laws on import duties vary from country to country and are very specific.

JM-I’mports JUN R1 Nissan R35 GTR – 1011. 4 BHP@29PSI. 860 torque. 1st R35 GTR over the 1000bhp barrier in EU. Currently the most powerfull R35 GTR in Europe.

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Draft Scheme of “On Site Audit” in context of Post Clearance Audit (PCA) for Imports

Prepared By:

CA Pradeep Jain,

CA Preeti Parihar and

Sukhvinder Kaur, LLB [FYIC]

INTRODUCTION:

“A good beginning makes a good end”. Hope this comes true for the draft scheme of “On site audit”. Export-Import is an important determinant of growth of a country. A strict policy regarding the import-export may become an obstacle in the growth of the country while a liberal policy may prove destructive to the morals and safety of the country. So, while crossing the custom frontiers of the country, the goods are presided by a number of Rules and Regulations. “On site Audit” is a step towards liberalization of the import procedures, wherein it is proposed to allow the clearance of goods on the basis of declaration given by the importer as followed by the onsite audit. In this article, we are discussing the draft of on-site audit and pros and cons of the same.

PURPOSE:

At the time of entry of imported goods at customs barriers the Customs Authorities more often examine the goods physically and all the documents relating to import are also verified. The main reason for this is to ensure that the imported goods should not be undervalued, the poor quality of goods are not imported and the goods actually imported are the goods declared by the importer. However, this process of verification of documents and goods increase the time of clearance thereby increasing the storage, warehousing and other related costs. For lessening the cost and for saving time the Government has proposed to allow the imported goods to be cleared on the basis of documents and for conducting of “On site Audit” in the context of post clearance audit (PCA).

FOUNDATION OF “ON SITE AUDIT” IN THE CONTEXT OF POST CLEARANCE AUDIT (PCA):

As per the Draft, the said scheme is being introduced based on the international trade agreement GATT. In Article VIII of GATT, the provision has been given for post clearance audit. It has been provided that if the goods are cleared at the time of the import on the basis of self assessment without examination of goods and the importer later on subject themselves to post clearance audit, this will result in saving cost as well as time. The underlying idea is to benefit both the importer as well as the Revenue.

Another International trade agreement, the Kyoto Convention of World Customs Organization (WCO) is the genesis of the Post clearance audit. It is prescribed that the customs control should be kept to the minimum necessary to meet the objective of maximum facilitation of international trade and travel.

THE KYOTO CONVENTION OF WCO:

“International Convention on the simplification and harmonization of Customs procedures” commonly known as the ‘Kyoto Convention’; is an international instrument on the harmonization of Customs techniques covering all aspects of Customs legislation. It was done at Kyoto, Japan, on 18 May 1973 and entered into force in 1974. The Kyoto Convention, as has been revised in year 1999, gives the techniques and measures of custom clearances that commensurate with current demands of international trade.

PAST MEASURES INTRODUCED:

Based on the Kyoto convention, the Board has already introduced the Risk Management System (RMS) in November 2005 for Accredited Clients and Post Clearance Audit (PCA). It has also been extended it to certain other category of importers. The RMS was introduced in order to facilitate the speedy clearance of imported goods. Audit Based Control was introduced in the form of Post Clearance Audit (PCA) to ensure compliance.

However, the PCA introduced by the Board was different from the PCA envisaged in the Kyoto Convention. Thus, the international norms are not being followed word to word.

Accredited Clients Programme (ACP) was introduced to assist the importers provided they comply with the laws framed by the Customs Department. Further, the ACP clients are required to workout a reliable system of record keeping and internal controls. Their accounting system was also supposed to meet the recognized standards of accounting. In assurance of all these compliances, the importers were required to produce a certificate from a chartered accountant to this effect in a prescribed form. However, as of now, there is no such requirement for granting the ACP status and the documents are also not audited on site later on.

The major aspects of the proposal of on-site audit as discussed in the Draft scheme are as under:

- Jurisdiction of Audit: The manufacturers and service providers registered under the Excise/Service Tax who are already subjected to audit by the Central Excise or service tax Department; the on-site audit will be merged with that audit. Thus, only the importers engaged in trading activity and those units which are exempt/not registered will be left. It is proposed that the address of IEC code would decide the jurisdiction of the concerned audit party. In case the importer-manufacturer/service provider is having more than one premise in different Commissionerates, it is proposed that on-site audit will be conducted both at the factory premises as well as the business premises.

- Documents to be furnished: The Documents relating to the import of goods is going to have a major role to play in case of this scheme. Only when proper documents are maintained at all the time, can the scheme be effected in its essence. Thus, under the scheme it is proposed that all the relevant records relating to importation and sale of goods will have to be preserved for 5 years. These documents will be produced by the importer before the Audit party. The draft scheme gives the specimen list of documents like bill of entry, packing list, bill of lading, invoices, freight documents, bond records, duty paying documents, etc. Further, the importer may also be required to produce the financial records to the audit party including the Annual Financial Statements, Audit reports, credit notes, journal vouchers, etc.

• Procedure to be followed in on-site audit: It is proposed that the procedure for On-site Audit to be followed will be similar to the Central Excise Audit procedure which is done in line with EA-2000. Further, the full process to be followed by the importer and the audit party has been elucidated in the draft scheme. The procedure is more or less similar to a normal audit process. The guidelines have been given in the draft scheme regarding the selection of assessees, desk review, gathering information about the importer, internal control and revenue risk analysis, developing audit plan, site visit, verification, summarization of audit findings, reviewing the audit results, compliance of audit objections and future compliances.

WHILE WINDING-UP:

The perusal of the scheme proposed for On-site audit in context of Post Clearance Audit (PCA) for Imports shows that the success of the scheme would depend on the full cooperation of the importer. The importer will have greater responsibility towards the goods which are being imported and will have to maintain near perfect records.

The timeliness or promptness of the audit will be the backbone of success of this scheme. This is due to the fact that since the physical verification will not be done at the time of import, so it would be essential to carry out the audit as soon as possible else the goods will be disposed off. In such cases, the goods may not be physically verified at all. This will make it impossible to check the quality of the goods imported. In such cases, this scheme will prove to be a weapon for the ill-intended importers. Further, this scheme will fail at the places where there is shortage of staff. The shortage of audit personnel will delay the audits of that area and every second of delay will defeat the custom conventions.

Anyhow, this procedure will facilitate the importers who will be saving a lot of time as well as money due to easy and quick clearance of goods. On the other hand, the risk lies with the customs of keeping the track of the imported goods with regard to the quality and quantity.

In the nutshell, on-site audit will serve its purpose only if done on time and in cases where the importers maintain the records genuinely without making undue advantage of this scheme.

Over and above all, this scheme is a good step taken by the government to facilitate the importers. However, time will tell whether the good beginning makes a good end or not…

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