1.

Explain procedure to obtain import license.

Answer»

Obtaining import license:
Open General License (OGL):

If an importer wants to import those items/services which are listed in government list, he needs to obtain Open General License (OGL) which is quite easy.

License from trade director:

  • If an importer wants to import items that are not mentioned in the government list then he needs to apply for the license to comptroller of import trade.
  • The importer needs to provide various details in the application like his name, address, complete detail of goods to be imported, financial records of the importer, name of the exporter and exporting country, etc.
  • If and only if the assessing officers are thoroughly satisfied with all the details, they will provide the import license to the importer.
  • If the government has set some quota for importing only a specific quantity of goods than the importer is given a quota certificate. As per the quota certificate, the importer can import only upto the maximum quantity mentioned in the certificate.


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