Navigating International Trade and Customs Compliance: Legal Support for Global Business
In today’s globalized economy, companies engaged in international trade must stay vigilant in complying with a complex array of customs laws and regulations. In India, the Customs Act of 1962 serves as the primary legislation governing the levy and collection of customs duties. This Act outlines the procedures for imports and exports, establishes duties on goods, and imposes prohibitions, penalties, and offenses related to customs violations.
The Constitution grants the Union exclusive authority to legislate and collect duties on imports and exports, with the Central Board of Excise and Customs (CBEC) serving as the apex body for customs administration. The CBEC, under the Ministry of Finance, formulates policies, ensures customs compliance, and works to prevent smuggling and the evasion of duties.
At Astrea Legal, we offer comprehensive legal services to manufacturers, customs brokers, importers, exporters, freight forwarders, and other key players in international trade. Our experienced team provides tailored, cost-effective solutions for both domestic and international clients, focusing on customs compliance, trade litigation, intellectual property protection, and much more.
Our key services include:
- Drafting and reviewing contracts and agreements, such as joint ventures, foreign collaborations, and standard terms of trade, along with financial arrangements in international transactions.
- Handling legal matters related to letters of credit and financing.
- Resolving customs penalties, seizures, and disputes.
- Recovering seized assets, including cash and goods.
- Assisting with the procurement of customs licenses and permits.
- Providing expert tariff classification services.
- Ensuring compliance with international regulations, including WTO rules and policies for imports/exports.
- Addressing shipping litigation and financing issues.
- Offering guidance on maritime insurance and arbitration.
At Astrea Legal, our goal is to facilitate smooth and legally compliant international trade for our clients, helping them navigate the complexities of customs law while safeguarding their business interests in the global market.