Hiring import-export consultant has several benefits to provide such as potential cost savings, spend less time on labor-intensive, support on Customs & EXIM compliances, and the opportunity to form a range of useful partnerships in a more efficient and productive manner.
Some of the roles an Import Export Consultant plays to resolve the conflict of Importing and Exporting are:
1. Government Process: Importing and exporting goods and services involves never-ending governmental processes which can act as a hurdle to your business, especially getting relevant documents as per the requirement to export goods in the foreign market. Before starting the import and export business obtaining proper documentation and permissions is mandatory that can be supported by the Import-Export Consultant.
2. Bank: Import Export consultant guides the company to avail incentives in the form of SEIS and MEIS and receives duties and taxes. Also, it helps you to get a letter of credit, which guarantees the payment for the goods and services supplied in the foreign market.
3. Customs Broker: Dealing with the customs broker is also a complicated task considering government customs services and ensure activities like duty fees, approvals, and a notice of permission done in a smooth and proper manner.
4. Export-Import Documentation: Hiring an experienced and qualified Import Export Consultant is important as they assist the companies to obtain all the documentation associated to import and export-ready like import-export license, Pro-forma invoice, letter of credit, EEI, certificate of origin, bill of lading, etc.
