Import data is an accumulation of imports of a particular product or product line made by a country during a particular period of time. it is prepared from bills of entry, bill of lading, and other sea trade documents. The Indian customs department is responsible for preparing and maintaining the data on a timely basis.
Indian Import data for improving international trade
1. IndianImportdata forimprovinginternational trade
Indianisa huge marketfor importof manufacturedgoodsfromAsia,Europe andAmerica. The country
importssignificantamountof machinery,agriculturalequipmentandcrude oil tosupportits
manufacturingindustries. Importdata circulatedbythe customsdepartmenthelptraderstoknowmore
aboutthe productsthat are beingimportedintothe country.Italsoprovidesadditional informationlike
source of originof products,destinationport,quantityimported,importername,etc.ithelpsthemgain
businessacumenininternationaltrade withouthavingtospendenormousmarketingexpenditure. This
data can helpevennewtraderstogeta gripof the businesswithouthavingtolose moneyby
experimenting.There are exportandimportcompaniesthatsell these informationin CD-ROMsor
throughe-mails.
Meritsof using import data for local traders
Indiaismore of a service orientedcountrythanmanufacturing.The economyislargelydependenton
agriculture andsoftware exports.Hence,Indianimports large varietygoodsrequiredforitsdomestic
consumptionlike crude oil,computerhardware,leather,jewelry,minerals,metals,plastic,electronic,
wool,textiles,sugar,etc. The importdata capturesaccuratelythe exactamountthat has beenimported
intothe country duringa particularperiodof time.Basedonthe informationlocal traderscandrawplan
for expandingtheircurrentbusinessesorforimprovingthe importsforadditionalproduction. The data
iscreatedfrom billsof exchangesandothersimilardocumentsthataccompanyanimportor export. In
additionthere wouldalsobe approvalsfromthe Indiancustomsdepartmentpermittingthe productto
be takeninside the countryaftercheckingandpaymentof importduties.
The purpose of import data isto provide traderswitha one source for findingall detailsof importers,
products,and theirlocal demandandsoon. Alongwiththe datadetailedanalysisinthe formof
statistical presentationisalsoprovidedforconvenience.Variousparameterslikecountry-wiseimportor
export,mostimportedorexportedproducts,productcodes,etc.are alsoincludedinthe importdata.
Additional informationthe portwhere mostof the importsare received,the ratesapplied,importduties
paid,marketprice of the product,etc.are alsogiveninan authenticandreliable manner. The import
data will coverimportshappeninginmajorIndianportslike JawaharlalNehruPortTrust,Bombay,
Kolkatta,Chennai,Tuticorinandothermajor and supportseaportsin India.
For more informationaboutimportdata,Indianimportdata,Customimportdata, Exportimportdata,
and muchother detailsaboutEXIM,youcan check www.seair.co.in.
Summary
Importdata is an accumulationof importsof a particularproductor product line made bya country
duringa particularperiodof time.itispreparedfrombillsof entry,bill of lading,andotherseatrade
documents.The Indiancustomsdepartmentisresponsibleforpreparingandmaintainingthe dataona
timelybasis.