2014/05/14

We are pleased to announce that Kintetsu World Express (India) Pvt. Ltd.has launched import agency services in India.

In India, it is generally said to require a long preparation period for a foreign affiliated company to set up a local entity and begin actual import and export operations. In order to become an importer, you are required to obtain an importer and exporter code (IEC) number and approval by the Special Valuation Branch (SVB)* to name but a few. You may be imposed additional customs duties until you obtain SVB's approval.

Against this background, KWE India leverages Gati Import-Export Trading Ltd. (hereinafter referred to as GIETL), a subsidiary of our business partner Gati, so that GIETL may serve as an importer for you by handling payment to an exporter, for instance, thereby providing you with support in following import clearance procedures in India.

We meet a wide range of client requirements: you can use our services on an ad-hoc basis while you are making preparations for establishing a local entity until your application is accepted or we can serve as your sales agent in India on a long-term basis as well.

Let me assure you that KWE Group is committed to continuing to fulfill any requirement you may have as you develop business in India. We look forward to serving you.

*SVB (Special Valuation Branch): An institution specializing in investigation of transactions involving special relationships and certain special features having bearing on value of imported goods.

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