Custom Import Data from Global Customs

Each country in this world has its laws and regulations for the export and import of commodities that are enforced by the country's customs authorities. Customs is known as an agency or authority of a country that has the responsibility for managing the flow of commodities and collecting tariffs. In traditional form, it can also be stated as a fiscal subject that charges custom duties and other export & import tax. Indian Customs Import Data is a thorough and structured study report that is based and compiled from the Bill of Invoices filed with Indian Customs. It mainly contains import records of Air & Sea Shipments that come to Indian Airports, Seaports, CFS, and ICDs.

Custom Import Data provides details on the products that are exported from & imported in India. The information that is collected from Indian Customs Data regarding Indian Import Data includes:

· Name and address of Indian Importers

· Quantity of Product Imported

· Price of Products both in INR and USD currency

· HS Code

· Mode of Transportation

· Port of Origin & Destination

· Country of Origin

· Description of the Product

· Shipment Data

These data help the Import Traders by getting accurate and genuine market intelligence for any respective product. These details are very useful for the global trading business for both suppliers/exporters and buyers/importers to analyze the current marketing trends prevailing in the country. If you perform trading activities with India, you need to acquire these essential Indian customs data that are authentic and updated.

The other benefits that the import traders would have through this Imports Data are that they can make an easy evaluation of the buyers or suppliers and have an insight into the activities of buyers and suppliers. Competitors can easily be monitored while staying updated through this data on trading activities. Other than this traders can also find new trends, sales prospects, and opportunities for growth while understanding the demand of customers in India.

Through Indian Imports Data, it can be known that the country in terms of GDP had ranked 5th in the world. As per Imports data of India, the country imported products of around US 388.92 billion dollars in the period 2020-21. The top imports made by the country include Crude petroleum, Gold, Coal Briquettes, Petroleum gas, and diamonds. These commodities are imported from India’s trading partners that are China, the United States of America, the United Arab Emirates, Iraq, and Saudi Arabia. The data also revealed that imports made from China fell by 17 percent whereas imports done from the US fell by 36 percent.