Import Procedures for CONCOR MT 2026
Import Procedures for CONCOR MT 2026
CONCOR Management Trainee (Commercial & Operations) 2026 | Professional Knowledge | Topic 15 of 29
Import Procedures are an important part of international trade, Customs Management, container logistics and commercial operations. They explain how goods purchased from foreign suppliers enter India legally, undergo Customs processing and reach the importer.
For candidates preparing for the CONCOR Management Trainee 2026 examination, this topic is particularly useful because Container Corporation of India Limited supports containerized import-export (EXIM) cargo transportation, inland terminals and multimodal logistics.
Imagine an Indian company purchasing industrial machinery from Germany.
The machinery is shipped from Germany, arrives at an Indian seaport, undergoes Customs procedures and is delivered to the company through suitable road or rail transportation.
The importer must understand documents, import restrictions, Customs valuation, duty assessment, payment and cargo release.
This chapter covers the complete import procedure in India, including IEC, import classifications, Bill of Entry, ICEGATE, Customs assessment, BCD, SWS, IGST, Out of Charge, bonded warehousing, import logistics and 25 original examination-oriented MCQs.
1. What Is Import?
Import generally means bringing goods into a country from a place outside its territory.
Under the Customs Act, 1962, import in relation to goods means bringing them into India from a place outside India.
Simple Example
An Indian manufacturer purchases electronic components from Japan.
The components are transported to India, declared to Customs, cleared according to the applicable law and delivered to the manufacturing facility.
This is an example of merchandise import.
Main Reasons for Importing
- Obtaining raw materials.
- Purchasing machinery and equipment.
- Acquiring products not sufficiently available domestically.
- Accessing technology.
- Supporting industrial production.
- Meeting customer demand.
- Participating in global supply chains.
Exam Point: Import refers to bringing goods into India, whereas export refers to taking goods out of India.
2. Import vs Export
| Basis | Import | Export |
|---|---|---|
| Direction | Foreign country to India | India to foreign country |
| Main Customs declaration | Bill of Entry | Shipping Bill / applicable Bill of Export |
| Principal clearance term | Out of Charge (OOC) | Let Export Order (LEO) |
| Buyer/seller focus | Indian importer purchases | Indian exporter sells |
| Customs process | Import clearance | Export clearance |
| Typical goods movement | Port/ICD to importer | Exporter to port/ICD and overseas |
Easy Memory Trick
BOE + OOC = Import
Shipping Bill + LEO = Export
3. Complete Import Procedure in India
A typical commercial import follows these stages.
Step 1: Identify Goods and Supplier
The importer identifies the required product, technical specifications, quantity and overseas supplier.
Step 2: Check Import Policy
The importer verifies the applicable ITC(HS) classification and current import policy.
Step 3: Confirm IEC and Regulatory Compliance
Verify Importer-Exporter Code and any additional product-related approvals or certifications.
Step 4: Finalize Import Contract
Agree on price, currency, quantity, delivery terms, transportation, insurance and payment.
Step 5: Arrange Overseas Shipment
The exporter ships the goods using the selected transportation mode.
Step 6: Cargo Arrival and Manifest
Relevant arrival and cargo information is submitted to Customs through the applicable carrier or authorized party.
Step 7: File Bill of Entry
The importer or authorized Customs Broker files the import declaration electronically.
Step 8: Customs Assessment and Verification
The declaration is processed, including classification, valuation, applicable duties and compliance checks.
Step 9: Payment of Duty
The importer pays assessed duties and charges as applicable.
Step 10: Out of Charge and Delivery
Customs grants release where requirements are satisfied. The importer completes applicable terminal and delivery formalities.
Important: These are conceptual stages. Bill of Entry filing can occur before cargo arrival, and the order of examination, assessment and payment may differ depending on the clearance procedure.
4. Importer-Exporter Code (IEC)
IEC = Importer-Exporter Code
IEC is administered by the Directorate General of Foreign Trade (DGFT).
Under India's Foreign Trade Policy, it is generally required for covered commercial import-export activities, subject to specified exemptions.
Important Features
- Administered by DGFT.
- PAN-linked under the applicable system.
- Ten-character alphanumeric identifier.
- Obtained through prescribed online procedures.
- Requires periodic confirmation or updating under the applicable policy.
Example
An Indian company importing machinery for commercial operations generally needs a valid IEC unless an exemption applies.
Exam Point: IEC is a trade identifier; it is not a Customs clearance order.
5. Import Policy Classification
India's import policy is organized through the applicable ITC(HS) classification and trade-policy framework.
A. Free
Goods may generally be imported without a specific DGFT import authorization, subject to other legal requirements.
B. Restricted
Goods require the applicable import authorization or satisfaction of specified policy conditions.
C. Prohibited
Import is not permitted under the applicable prohibition, unless a lawful exception specifically applies.
D. State Trading Enterprises (STE)
Certain goods may be subject to import arrangements involving designated State Trading Enterprises.
Important Exam Difference
Free ≠ Exempt from Customs duty.
Goods classified as freely importable may still attract Customs duties, taxes and product-compliance requirements.
6. HS Code and ITC(HS)
HS = Harmonized System
The internationally harmonized core goods classification uses six digits.
India's ITC(HS) classification commonly uses eight digits.
Why Classification Matters
Correct classification helps determine:
- Applicable BCD rate.
- Additional import duties.
- Import policy conditions.
- Anti-dumping measures.
- Product certifications.
- Eligibility for exemptions.
- Statistical reporting.
Example
A machine and a machine component may have different tariff classifications and duty rates.
Incorrect classification can lead to duty disputes, delays or penalties.
Exam Point: The relevant Customs Tariff Heading influences import duty and regulatory requirements.
7. Important Import Documents
Foreign Trade Policy 2023 identifies three principal document categories for imports of goods into India.
1. Transport Document
Depending on the transport mode:
- Bill of Lading.
- Air Waybill.
- Lorry Receipt.
- Railway Receipt.
- Relevant postal documents.
2. Commercial Invoice cum Packing List
Contains commercial details and physical cargo information.
Separate Commercial Invoice and Packing List documents may also be accepted.
3. Bill of Entry
The principal import Customs declaration.
Additional Documents Where Applicable
- Certificate of Origin.
- Import Authorization.
- Insurance Certificate.
- Product-specific NOC or compliance certificate.
- Letter of Credit.
- Delivery Order.
- Other documents required by the relevant regulator.
Important: Not all imports need every optional document. Requirements depend on the commodity and applicable law.
8. What Is a Bill of Entry (BoE)?
A Bill of Entry is the Customs declaration used to enter imported goods for home consumption or warehousing, as applicable.
Legal Provision
Section 46 of the Customs Act, 1962 deals with entry of goods on importation.
Information Commonly Included
- Importer details.
- IEC and GST-related details where applicable.
- Description of goods.
- HS classification.
- Quantity and weight.
- Customs value.
- Country of origin.
- Relevant duty and exemption details.
- Transport-document information.
Why It Is Important
The Bill of Entry supports Customs assessment and clearance.
It is generally filed electronically through the Customs automated system.
Exam Point: Bill of Entry is primarily associated with imports, not exports.
9. Types of Bill of Entry
For conceptual examination purposes, three important categories are commonly discussed.
A. Bill of Entry for Home Consumption
Used when the importer seeks release of the goods for home consumption after satisfying applicable Customs requirements.
B. Bill of Entry for Warehousing
Used when goods are entered for warehousing under the Customs framework rather than immediately cleared for home consumption.
C. Ex-Bond Bill of Entry
Associated with clearance of warehoused goods for home consumption, subject to the relevant statutory process.
Comparison
| Type | Main Purpose |
|---|---|
| Home Consumption BoE | Clearance for home consumption |
| Warehousing BoE | Entry for bonded warehousing |
| Ex-Bond BoE | Clearance from Customs warehouse |
Exam Tip: Warehousing can defer certain duty-payment events under the prescribed legal framework; it does not automatically make the goods duty-free.
10. What Is ICEGATE?
ICEGATE = Indian Customs Electronic Gateway
It provides electronic interfaces for Indian Customs services.
Main Functions
- Electronic filing of Customs declarations.
- Bill of Entry services.
- Electronic document submission.
- Duty-payment services.
- Status information.
- Customs-related communications.
- Integration with relevant regulatory systems.
ICEGATE vs DGFT
| ICEGATE | DGFT |
|---|---|
| Customs electronic service platform | Foreign trade policy authority |
| Bill of Entry and Shipping Bill interfaces | IEC and trade-policy authorizations |
| Customs-related processing | Import-export policy administration |
Exam Point: ICEGATE is associated with Customs electronic operations.
11. What Is Self-Assessment in Customs?
Under Section 17 of the Customs Act, importers generally self-assess the duty payable on declared goods.
This includes determining relevant classification, valuation, exemptions and applicable duties.
Customs Verification
The proper officer may verify the declaration and assessment.
Verification can include document examination, physical examination or testing where required.
Risk-Based Assessment
Customs uses risk evaluation to select relevant cases for verification.
Important: Self-assessment does not mean Customs has no authority to verify the declaration.
12. Customs Valuation of Imported Goods
Customs Valuation determines the value used to calculate applicable ad valorem import duties.
Main Legal Framework
Section 14 of the Customs Act and the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007.
Transaction Value
The principal method is generally based on the price actually paid or payable for goods sold for export to India, subject to prescribed conditions and adjustments.
Relevant Value Components
Depending on the transaction and valuation rules, additions or adjustments can include relevant transportation, insurance, assists, commissions and other prescribed amounts.
FOB vs CIF
FOB: Free On Board, an Incoterms rule for sea or inland waterway transport.
CIF: Cost, Insurance and Freight, also an Incoterms rule for sea or inland waterway transport.
Simplified Teaching Formula
For a hypothetical problem explicitly providing the valuation components:
Assessable Value = FOB Value + Applicable Freight + Applicable Insurance
However, actual Customs valuation must follow statutory rules and notified exchange rates; the invoice's Incoterms label alone does not establish the final assessable value.
13. Basic Customs Duty (BCD)
BCD = Basic Customs Duty
BCD is a principal Customs duty levied on applicable imported goods under the Customs Tariff framework.
Simple Formula
BCD = Assessable Value × Applicable BCD Rate
Numerical Example
- Assessable Value = ₹1,00,000.
- Hypothetical BCD Rate = 10%.
- BCD = 1,00,000 × 10%.
Answer = ₹10,000
Important
Actual BCD rates depend on classification, exemptions, origin preferences and current notifications.
14. Social Welfare Surcharge (SWS)
SWS = Social Welfare Surcharge
It is a surcharge levied under the applicable Customs statutory framework.
For many ordinary import-duty examples, SWS is calculated at 10% of the applicable Basic Customs Duty, subject to exceptions, exemptions and the proper statutory base.
Formula for Simplified Cases
SWS = BCD × 10%
Example
- BCD = ₹10,000.
- SWS = 10,000 × 10%.
- Answer = ₹1,000
Exam Trap
SWS is not generally calculated as 10% of the entire assessable value in this simplified calculation.
15. Integrated GST on Imports (IGST)
IGST = Integrated Goods and Services Tax
Applicable imports can attract IGST under the Customs Tariff and GST framework.
Simplified Calculation Base
In an ordinary hypothetical case with no other relevant duties:
IGST Base = Assessable Value + BCD + SWS
IGST = IGST Base × Assumed Applicable IGST Rate
Example
Assessable Value = ₹1,00,000.
BCD = ₹10,000.
SWS = ₹1,000.
Assumed IGST rate = 18%.
IGST Base = 1,00,000 + 10,000 + 1,000 = ₹1,11,000.
IGST = 1,11,000 × 18%.
Answer = ₹19,980
Important Caution
For actual imports, the IGST base may include other applicable Customs duties and statutory adjustments. The example assumes these are absent.
16. Complete Customs Duty Calculation
This is one of the most useful numerical topics for CONCOR-related commercial operations preparation.
Given
Assessable Value = ₹1,00,000.
BCD = 10%.
SWS = 10% of BCD.
IGST = 18%.
Assume no additional duties, compensation cess or exemptions.
| Particulars | Calculation | Amount |
|---|---|---|
| Assessable Value | Given | ₹1,00,000 |
| BCD | 10% × ₹1,00,000 | ₹10,000 |
| SWS | 10% × ₹10,000 | ₹1,000 |
| IGST Base | ₹1,00,000 + ₹10,000 + ₹1,000 | ₹1,11,000 |
| IGST | 18% × ₹1,11,000 | ₹19,980 |
| Total Import Duties/Taxes | BCD + SWS + IGST | ₹30,980 |
| Value Plus Duties/Taxes | ₹1,00,000 + ₹30,980 | ₹1,30,980 |
Important Exam Point
The IGST calculation base is generally not limited to the original assessable value in such examples.
Actual amounts may differ because of other duties, exemptions and notified rates.
17. Other Important Import Duties
Anti-Dumping Duty
May be imposed on specified dumped imports after the applicable statutory investigation and findings.
Countervailing Duty
A trade remedy associated with specified subsidized imports.
Safeguard Duty
A measure imposed under prescribed conditions to address serious injury or threat of serious injury due to increased imports.
Compensation Cess
May apply to specified imported goods under the relevant GST compensation cess framework.
Other Applicable Levies
Certain products can attract additional duties, cess or special statutory treatment.
Exam Point: Never assume that BCD, SWS and IGST are the only possible import levies.
18. What Is Customs Examination?
Customs Examination is the verification of goods or related particulars when required under the applicable clearance process.
Important Checks
- Cargo description.
- Quantity.
- Classification.
- Declared value.
- Product restrictions.
- Documents.
- Applicable regulatory requirements.
Risk Management System (RMS)
A Customs risk management approach supports selective verification.
This means not every consignment is necessarily subjected to the same physical examination.
Practical Example
A shipment selected for inspection may be presented for examination at an authorized port or inland facility.
The importer or Customs Broker coordinates applicable presentation requirements.
19. What Is Out of Charge (OOC)?
OOC = Out of Charge
This commonly refers to Customs permission allowing release of goods for home consumption after the necessary statutory conditions are satisfied.
Legal Provision
Section 47 of the Customs Act, 1962 deals with clearance of goods for home consumption.
Major Conditions
- Goods are not prohibited from clearance.
- Applicable duties and charges have been dealt with as required.
- Relevant assessment and verification are complete.
- Other required compliance conditions have been fulfilled.
After OOC
The importer must still complete applicable custodian, terminal, carrier and delivery formalities.
Exam Point: OOC is issued through the Customs clearance process, not by CONCOR as a substitute for Customs approval.
20. LEO vs OOC
| LEO | OOC |
|---|---|
| Let Export Order | Out of Charge |
| Export clearance | Import release |
| Associated with export declarations | Associated with import declarations |
| Export Customs permission | Home-consumption Customs clearance |
Shortcut: LEO = Leaving India. OOC = Import clearance.
21. What Is a Customs Broker?
A Customs Broker is a person or entity licensed under the applicable Customs Brokers Licensing Regulations to conduct specified Customs-related activities on behalf of importers or exporters.
Important Functions
- Assist with declaration preparation.
- Submit documents using authorized procedures.
- Coordinate with importers and Customs.
- Support classification and compliance documentation.
- Facilitate required Customs processes.
Common Older Term
CHA = Customs House Agent
This term is still widely used informally, but Customs Broker is the terminology used in the contemporary licensing framework.
Important Difference
The importer remains responsible for relevant declarations and compliance even when a Customs Broker is appointed.
22. Bonded Warehousing
Bonded Warehousing is a Customs-controlled warehousing arrangement under which eligible imported goods can be stored under prescribed conditions.
Main Purpose
Allow specified goods to be warehoused before clearance for home consumption or another permitted Customs treatment.
Benefits
- Deferral of duty payment under qualifying procedures.
- Flexible cargo management.
- Support for import distribution planning.
- Availability of eligible warehousing arrangements.
Major Types
- Public Warehouse: Licensed under the relevant public warehousing provisions.
- Private Warehouse: Licensed under the relevant private warehousing provisions.
- Special Warehouse: Subject to specified conditions for relevant categories of goods.
Important Customs Sections
- Section 57 – Licensing of public warehouses.
- Section 58 – Licensing of private warehouses.
- Section 58A – Licensing of special warehouses.
- Section 59 – Warehousing bond.
- Section 60 – Permission for deposit in warehouse.
- Section 68 – Clearance of warehoused goods for home consumption.
Exam Point
Bonded warehousing permits specified storage under Customs control; it is not a universal duty exemption.
23. Ex-Bond Clearance
Ex-Bond Clearance refers to the process of clearing warehoused goods for home consumption under the applicable Customs framework.
Simplified Flow
Imported Goods → Warehousing Entry → Bonded Warehouse → Ex-Bond Clearance → Duty Payment as Applicable → Release
Important
Duty liability, valuation, applicable rates and timing must be determined according to the relevant statutes and provisions.
24. What Is Import General Manifest (IGM)?
IGM = Import General Manifest
It is a traditional term referring to cargo manifest information submitted for incoming transport movements, particularly maritime imports.
Under updated legal and electronic frameworks, the formal terminology and filings may include arrival manifests and associated electronic reporting requirements.
Purpose
- Declare incoming cargo information.
- Support Customs risk management.
- Connect cargo details with transport records.
- Facilitate relevant import documentation.
Who Submits It?
The relevant carrier or authorized responsible party under applicable regulations.
Exam Point: Cargo manifest reporting and the importer's Bill of Entry are separate declarations.
25. Bill of Lading and Delivery Order
Bill of Lading (B/L)
A maritime transport document issued by or for the carrier.
It may serve as evidence of receipt, carriage arrangements and, for qualifying bills, document-of-title functions.
Delivery Order (DO)
An authorization or instruction relevant to the release of cargo by the carrier or authorized party.
Important Distinction
- B/L: Transport/carriage document.
- DO: Cargo delivery authorization.
- BoE: Customs import declaration.
All three serve different purposes.
26. FCL and LCL Imports
FCL – Full Container Load
A container booking generally dedicated to one shipment or shipper under the relevant service terms.
LCL – Less Than Container Load
A smaller cargo shipment consolidated with other shipments in a shared container.
Example
An importer purchases only four cubic metres of small machinery parts.
Instead of booking an entire container, the importer may use an appropriate LCL arrangement.
CFS Connection
Container Freight Stations commonly support consolidation and deconsolidation of suitable LCL cargo.
27. Import Payment Methods
Advance Payment
The importer pays before shipment under the agreed terms.
Letter of Credit (LC)
A bank undertaking to honour a complying documentary presentation according to the credit terms.
Documentary Collection
Banks handle specified documents under collection instructions.
Open Account
Goods are supplied before the importer pays, according to agreed credit terms.
Import Payment Risk
Importers should consider supplier reliability, foreign exchange exposure, shipping documents, delivery performance and applicable banking rules.
28. Import Logistics Through CONCOR
CONCOR supports containerized cargo movement and associated terminal logistics.
Example
An Indian company imports industrial machinery through a seaport.
The container may move:
Foreign Supplier → Overseas Port → Ship → Indian Seaport → Container Train → Inland Container Depot → Customs Clearance → Road Delivery → Importer
This is an illustrative route. Import clearance may occur at the seaport or an authorized inland facility, depending on the arrangement.
Important CONCOR-Related Activities
- Rail Container Movement: Inland transportation through suitable container train services.
- Terminal Operations: Receipt, handling, storage and dispatch of containers.
- ICD Operations: Inland container logistics and authorized customs-linked facilities.
- Road Connectivity: First-mile or last-mile movements using suitable transport arrangements.
- Tracking and Coordination: Information supporting cargo movement visibility.
Key Distinction
CONCOR provides relevant logistics services.
Customs authorities perform statutory import assessment and clearance.
29. Import Cost vs Landed Cost
Landed Cost refers to the total cost of acquiring and bringing goods to the specified destination under the chosen costing method.
It may include:
- Purchase price.
- International freight.
- Insurance.
- Applicable non-recoverable duties.
- Terminal charges.
- Inland transportation.
- Other relevant expenses.
Accounting Caution
Recoverable import IGST may be eligible for input tax credit and therefore may not represent an ultimate inventory cost for an eligible business.
The accounting treatment depends on eligibility and applicable standards.
Numerical Example
- Goods Value = ₹2,00,000.
- Non-Recoverable Customs Duties = ₹20,000.
- Freight and Handling = ₹15,000.
- Other Eligible Costs = ₹5,000.
- Landed Cost = 2,00,000 + 20,000 + 15,000 + 5,000.
Answer = ₹2,40,000
This example excludes any recoverable input tax credit.
30. Important Formulas for Import Procedures
| Concept | Formula |
|---|---|
| BCD | Assessable Value × BCD Rate |
| Simplified SWS | BCD × Assumed SWS Rate |
| Simplified IGST Base | AV + BCD + SWS |
| Simplified IGST | IGST Base × Assumed IGST Rate |
| Total Duty/Tax | Sum of applicable import duties and taxes |
| Goods Plus Duty | Assessable Value + Total Import Duties/Taxes |
| Currency Conversion | Foreign Currency Value × Applicable Exchange Rate |
| Cost per TEU | Relevant Cost ÷ TEU |
| Cargo Dwell Time | Defined Departure Time − Arrival Time |
| On-Time Delivery Rate | On-Time Deliveries ÷ Total Deliveries × 100 |
31. Solved Numerical Questions
Numerical 1: BCD
- Assessable Value = ₹5,00,000.
- Assumed BCD Rate = 10%.
- BCD = 5,00,000 × 10%.
Answer = ₹50,000
Numerical 2: SWS
- BCD = ₹30,000.
- Assumed SWS Rate = 10% of BCD.
- SWS = 30,000 × 10%.
Answer = ₹3,000
Numerical 3: IGST
Assessable Value = ₹2,00,000.
BCD = ₹20,000.
SWS = ₹2,000.
Assumed IGST Rate = 18%.
IGST Base = ₹2,22,000.
IGST = 2,22,000 × 18%.
Answer = ₹39,960
Numerical 4: Total Import Duty
Using the previous example:
BCD = ₹20,000.
SWS = ₹2,000.
IGST = ₹39,960.
Total = 20,000 + 2,000 + 39,960.
Answer = ₹61,960
Numerical 5: Exchange Rate
Invoice Value = USD 4,000.
Assumed Conversion Rate = ₹85/USD.
Rupee Value = 4,000 × 85.
Answer = ₹3,40,000
For actual Customs valuation, use the applicable officially notified exchange rate and valuation rules.
Numerical 6: TEU
20-foot Containers = 15.
40-foot Containers = 12.
Total TEU = 15 + (12 × 2).
Answer = 39 TEU
Numerical 7: Terminal Cost per TEU
Total Terminal Charges = ₹90,000.
Containers Handled = 30 TEU.
Cost per TEU = 90,000 ÷ 30.
Answer = ₹3,000 per TEU
32. Quick Revision
- Import means bringing goods into India from outside India.
- IEC stands for Importer-Exporter Code.
- DGFT administers IEC.
- ITC(HS) is used for import-export classification.
- Import policy may classify goods as Free, Restricted or Prohibited.
- Free imports may still attract Customs duty.
- Bill of Entry is the principal import Customs declaration.
- Section 46 of the Customs Act concerns entry of imported goods.
- Section 17 concerns assessment of duty.
- Section 14 concerns Customs valuation.
- Section 47 concerns clearance for home consumption.
- ICEGATE means Indian Customs Electronic Gateway.
- BCD means Basic Customs Duty.
- SWS means Social Welfare Surcharge.
- IGST means Integrated Goods and Services Tax.
- SWS is commonly illustrated at 10% of applicable BCD, subject to rules.
- Import IGST is calculated on the prescribed statutory base.
- OOC means Out of Charge.
- OOC is associated with import release.
- LEO is associated with export clearance.
- Customs Broker is the contemporary licensed intermediary term.
- CHA means Customs House Agent, an older term.
- IGM stands for Import General Manifest.
- Bill of Lading is a maritime transport document.
- Delivery Order relates to cargo release authorization.
- FCL means Full Container Load.
- LCL means Less Than Container Load.
- CFS facilities commonly handle LCL deconsolidation.
- Bonded Warehousing permits storage under Customs control.
- Section 68 concerns clearance of warehoused goods for home consumption.
- Ex-Bond clearance relates to release from Customs warehousing.
- Actual Customs duties depend on current classification and notifications.
- Eligible import IGST may be available as input tax credit.
- ICD means Inland Container Depot.
- CONCOR supports container transport and inland terminal logistics.
33. 25 Expected MCQs with Answers
The following are original examination-oriented questions, not verified official CONCOR previous-year questions.
Q1. Import means:
B. Bringing goods into India from abroad
C. Moving goods between two Indian cities
D. Manufacturing goods domestically
Correct Answer: B
Explanation: Import refers to bringing goods into India from a place outside India.
Q2. Which document is the principal import Customs declaration?
B. Bill of Entry
C. Railway Ticket
D. Export Invoice only
Correct Answer: B
Explanation: A Bill of Entry is filed for relevant imported goods.
Q3. Section 46 of the Customs Act deals with:
B. Entry of imported goods
C. Railway freight rates
D. Income tax assessment
Correct Answer: B
Explanation: Section 46 governs entry of goods on importation.
Q4. Which Customs Act section deals with assessment of duty?
B. Section 17
C. Section 47
D. Section 68
Correct Answer: B
Explanation: Section 17 deals with self-assessment and verification of Customs duty.
Q5. Which section is primarily associated with clearance of goods for home consumption?
B. Section 50
C. Section 57
D. Section 75
Correct Answer: A
Explanation: Section 47 governs clearance for home consumption.
Q6. IEC stands for:
B. Importer-Exporter Code
C. Indian Electronic Customs
D. Integrated Exchange Certificate
Correct Answer: B
Explanation: IEC is administered by DGFT.
Q7. Goods classified as "Free" under import policy:
B. Are always exempt from GST
C. Generally do not require a specific DGFT import authorization, subject to other rules
D. Cannot be transported by rail
Correct Answer: C
Explanation: Freely importable goods must still comply with applicable duties and regulations.
Q8. ICEGATE is associated with:
B. Passenger railway ticket reservations
C. Stock-market trading
D. Highway toll collection
Correct Answer: A
Explanation: ICEGATE is the Indian Customs Electronic Gateway.
Q9. What does BCD stand for?
B. Banking Credit Document
C. Bonded Cargo Delivery
D. Basic Commercial Discount
Correct Answer: A
Explanation: BCD is a principal form of Customs duty.
Q10. Assessable Value is ₹2,00,000 and the assumed BCD rate is 10%. BCD equals:
B. ₹20,000
C. ₹30,000
D. ₹40,000
Correct Answer: B
Explanation: 2,00,000 × 10% = ₹20,000.
Q11. SWS stands for:
B. Shipping Warehouse Service
C. Special Wagon Surcharge
D. Standard Warehousing System
Correct Answer: A
Explanation: SWS is a statutory surcharge applicable according to relevant provisions.
Q12. If BCD is ₹15,000 and SWS is assumed to be 10% of BCD, SWS is:
B. ₹1,500
C. ₹2,000
D. ₹3,000
Correct Answer: B
Explanation: 15,000 × 10% = ₹1,500.
Q13. In the simplified example with AV ₹1,00,000, BCD ₹10,000 and SWS ₹1,000, the IGST calculation base is:
B. ₹1,01,000
C. ₹1,10,000
D. ₹1,11,000
Correct Answer: D
Explanation: 1,00,000 + 10,000 + 1,000 = ₹1,11,000.
Q14. Using the base of ₹1,11,000 and a hypothetical IGST rate of 18%, IGST equals:
B. ₹19,800
C. ₹19,980
D. ₹20,980
Correct Answer: C
Explanation: 1,11,000 × 18% = ₹19,980.
Q15. Under the same example, total BCD + SWS + IGST equals:
B. ₹30,980
C. ₹31,980
D. ₹33,000
Correct Answer: B
Explanation: 10,000 + 1,000 + 19,980 = ₹30,980.
Q16. OOC stands for:
B. Out of Charge
C. Official Order of Cargo
D. Online Order Certificate
Correct Answer: B
Explanation: OOC is associated with Customs release of imported goods.
Q17. Which of the following is related to export clearance rather than import clearance?
B. Out of Charge
C. Let Export Order
D. Ex-Bond Bill of Entry
Correct Answer: C
Explanation: LEO is associated with export clearance.
Q18. Which professional may be licensed to represent importers in prescribed Customs activities?
B. Passenger Ticket Clerk
C. Railway Driver
D. Warehouse Customer
Correct Answer: A
Explanation: Customs Brokers perform authorized activities under the relevant licensing regulations.
Q19. IGM stands for:
B. Inland Goods Management
C. International GST Manual
D. Integrated Goods Movement
Correct Answer: A
Explanation: IGM is a traditional term for incoming cargo manifest information.
Q20. Which document is issued under a maritime carriage arrangement?
B. GST Registration Certificate only
C. IEC
D. Customs Broker Licence
Correct Answer: A
Explanation: A Bill of Lading is a maritime carriage document.
Q21. Which term refers to goods stored in a Customs-controlled warehouse under the applicable warehousing framework?
B. Domestic retail stock only
C. Passenger baggage in every case
D. Railway station inventory only
Correct Answer: A
Explanation: Bonded warehousing provides prescribed Customs-controlled storage arrangements.
Q22. Which Customs Act section deals with clearance of warehoused goods for home consumption?
B. Section 46
C. Section 68
D. Section 100
Correct Answer: C
Explanation: Section 68 governs the relevant ex-bond home-consumption clearance.
Q23. What is the principal role of a Delivery Order in shipping logistics?
B. Calculate annual income tax
C. Replace every Bill of Entry
D. Identify a container manufacturer
Correct Answer: A
Explanation: A Delivery Order is relevant to release or delivery authorization.
Q24. A terminal handles 20 standard 20-foot containers and 15 standard 40-foot containers. Total TEU equals:
B. 40
C. 50
D. 60
Correct Answer: C
Explanation: 20 + (15 × 2) = 50 TEU.
Q25. Which is relevant to CONCOR's role in imports?
B. ICD terminal operations
C. Road–rail cargo connectivity
D. All of the above
Correct Answer: D
Explanation: CONCOR supports import-related logistics through container movement and associated terminals.
34. Frequently Asked Questions
What is the import procedure in India?
It generally includes checking import policy, obtaining required registration or authorization, arranging shipment, filing a Bill of Entry, completing Customs assessment, paying applicable duties, obtaining clearance and arranging delivery.
What is a Bill of Entry?
A Bill of Entry is the principal Customs declaration filed for imported goods under the relevant Customs Act provisions.
What is the difference between Bill of Entry and Shipping Bill?
A Bill of Entry is used for imports. A Shipping Bill is a principal export Customs declaration.
What is Basic Customs Duty?
BCD is a Customs duty imposed on applicable imported goods under the relevant tariff framework.
What is Social Welfare Surcharge?
SWS is a statutory surcharge calculated on the prescribed Customs duty base, subject to applicable provisions and exemptions.
How is IGST calculated on imports?
IGST is calculated using the applicable statutory import-tax base and rate. In simplified examples without other levies, the base may be AV + BCD + SWS.
What does OOC mean?
Out of Charge refers to Customs permission for release of imported goods after satisfying applicable home-consumption clearance requirements.
What is bonded warehousing?
Bonded warehousing is the storage of eligible imported goods under Customs control according to prescribed procedures.
What is an Ex-Bond Bill of Entry?
It is associated with the clearance of goods from Customs warehousing for home consumption.
Why is Import Procedures important for CONCOR MT?
Import procedures are closely linked with inland container terminals, international cargo transportation, cargo documentation, Customs clearance and domestic delivery logistics.
Conclusion
Import Procedures connect international purchasing, Customs law, taxation, banking and logistics.
For CONCOR Management Trainee 2026, prioritize IEC, import policy classification, Bill of Entry, Sections 14, 17, 46 and 47 of the Customs Act, ICEGATE, BCD, SWS, IGST, OOC, Customs Brokers, cargo manifests, bonded warehousing and inland container movement.
Spend extra time practising duty calculations. Understand why IGST is calculated on the relevant Customs value plus specified import duties rather than automatically using the original invoice amount alone.
Also revise the differences between import and export documents, Customs clearance and logistics operator responsibilities.
Next Chapter: Export–Import Documentation – Complete Notes, Shipping Bill, Bill of Entry, Bill of Lading, Air Waybill, Certificate of Origin, Letter of Credit and 25 Expected MCQs.
