1. Three major areas of professional practice
SSC CGL Preventive Officer 2026: सैलरी, वर्क, प्रमोशन | TrueJobs
A. Customs Tariff & Customs Act, 1962
- Customs classification (HSN/HS Code)
- Basic Customs Duty (BCD)
- Social Welfare Surcharge (SWS)
- Valuation of imported and exported goods
- Customs exemptions and notifications
- Advance Ruling and classification disputes
- Customs audits, assessments and appeals
Filing an Import Declaration in India: Step-by-Step Process
B. IGST on Imports & Customs
- IGST on imported goods
- Import IGST calculation
- Input Tax Credit (ITC) on imports
- Bill of Entry reconciliation
- Reverse Charge Mechanism (RCM)
- GST refund and export-related benefits
- GST compliance for importers and exporters
C. Foreign Trade Policy (FTP)
- DGFT registration and IEC
- Advance Authorisation Scheme
- EPCG Scheme
- RoDTEP Scheme
- Export Promotion Capital Goods
- Export obligations and compliance
- SCOMET regulations
- Import-export documentation
2. Important laws and regulations to master
| Area | Principal legislation |
|---|---|
| Customs | Customs Act, 1962 |
| Customs Duty | Customs Tariff Act, 1975 |
| Import IGST | IGST Act, 2017 – Section 5(1) |
| Import valuation | Customs Valuation Rules, 2007 |
| Foreign Trade | Foreign Trade (Development & Regulation) Act, 1992 |
| Foreign Trade Policy | FTP 2023 and amendments |
| Import-export classification | ITC (HS) 2022 |
| Export incentives | RoDTEP, Advance Authorisation, EPCG |
3. Practical calculation of import duty
Illustrative example:
Assume the following import transaction:
| Particulars | Amount |
|---|---|
| Assessable value | ₹10,00,000 |
| Basic Customs Duty (10%) | ₹1,00,000 |
| SWS (10% of BCD) | ₹10,000 |
| IGST (18%) | ₹1,99,800 |
| Total customs duty | ₹3,09,800 |
IGST calculation:
(10,00,000+1,00,000+10,000)18%
Illustrative total ₹3,09,800
Actual duty depends on applicable tariff classification, exemptions, trade remedies and notifications. Eligible import IGST may be available as ITC subject to GST provisions.
4. Important professional services you can offer
| Service | Potential clients |
|---|---|
| HS Code classification | Manufacturers and importers |
| Customs duty calculation | Import-export businesses |
| Customs exemption advisory | Industrial companies |
| Import IGST and ITC audit | GST-registered importers |
| Advance Authorisation compliance | Export manufacturers |
| EPCG compliance and redemption | Capital goods importers |
| RoDTEP advisory | Exporters |
| DGFT licensing | Importers and exporters |
| Customs audit and litigation support | Trading and manufacturing companies |
| Export documentation review | Export houses |