CFS charges for export and Import - ICD charges for export and Import
Thursday, February 26, 2015     Category : For Beginners

CFS charges for export and Import - ICD charges for export and Import


CFS/ICD charges for export and Import

 

What does CFS/ICD charges mean in an import export trade?

 

How does a CFS work in an International trade? What are the procedures and formalities in a customs bonded CFS? Who determines charges on different services in a CFS/ICD?

 

In each CFS or ICD, a custodian is appointed by customs department of respective country. This custodian has to follow instructions as per guidelines provided by customs. The custodian in a CFS or ICD can be a private party, semi-government authorities, or fully owned government authorities. Such custodian of cargo is responsible to handle the cargo for exports and imports arrived at a customs bonded area.

 

Once after arrival of goods in a container freight station or Inland container depot, charges on handling, storage, security etc. of such goods are handled by the CFS / ICD authorities, with necessary permission from customs officials. The charges to handle such arrangements are to be paid by the importers, exporters or other users of such CFS / ICD. The tariff on each types of work varies depends up on the nature of job involved in each job. The details of each job and their charges are available on request at each container freight station or Inland container depot. Such details tariff on each jobs are available at each CFS/ICD. The handling charges at each CFS/ICD/Warehouse could be varied from one CFS/ICD/warehouse to another in a same country.

 

Have you satisfied with this article about CFS/ICD charges and its operation?

 

Would you like to share your experience with CFS/ICD charges under different jobs handled by you in exports and imports?

 

Add below your experience on CFS/ICD handling procedures and formalities.

 

Comment below your thoughts about CFS and ICD charges on handling under import export procedures and formalities of International trade.

 

 

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Comments

 
shiyas muhammed Says :
Monday, February 16, 2015
I was just surfing net to understand various charges charged by different agencies at Port in case of Import of material- Like DO charges, THC, Ground rent, CFS charges, carting charges etc.But unable to understand the activities performed at port and corresponding charges for them. I came across your article .Would you please explain me the various activities performed in sequence at port from arrival of vessel to delivery of material to transporter for onward delivery to importer. So that Charges charged by various agencies i.e shipping lines, cfs, Terminal agent(Like APM) etc. can be checked .Also please explain the terminology used.
Basavaraj Says :
Thursday, February 19, 2015
I would like to start export business with my friend,We planning to export commoditeis like wheath, Rice, jowar,cotton, Fruits,hence I would request you to please provide us some suggetions and guidelines how to wrok on export business .We both are finished MBA in Finance and Marketing,
 

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