Live Master Class on Customs Act and FTP

Day 1: Understanding India’s Customs Framework & the FTP 2023 Vision

• Introduction to India’s Customs system: evolution, structure, and functions
• Institutional role of CBIC, DGFT, and port authorities
• Decoding the Foreign Trade Policy 2023: vision, structure, and “Amrit Kaal” priorities
• Discussion: Key policy shifts since 1962 and how they impact trade today

Day 2: Decoding Import Tariffs – The Art of Product Classification

• Fundamentals of tariff classification using the Harmonized System (HS)
• Interpreting sections, chapters, and explanatory notes
• Workshop: Classify real-world goods and resolve multi-purpose product dilemmas

Day 3: Valuation in Customs – Price, Profit & Related Party Transactions

• How is the value of imported goods determined?
• Customs valuation vs. commercial invoices – when and why they differ
• Navigating related-party pricing, IP royalties, and post-import price changes

Day 4: Import Logistics & Port Clearance – From Arrival to Assessment

• Journey of an import: Pre-arrival, Bill of Entry, assessment & clearance
• Hands-on view: Faceless Assessment, Risk Management, and Turant 3.0
• Role of Authorized Economic Operator (AEO) accreditation

Day 5: Incentivizing Exports – Duty Exemptions & Export Schemes

• Understanding key schemes: Advance Authorization, DFIA, EPCG, RoDTEP, SEZ, EOU, MOOWR
• Choosing the right scheme based on supply chain goals
• Case study: Structuring exports under multiple overlapping benefits

Day 6: Warehousing, Bonds & Deferred Duty Management

• Warehousing regime: concept, registration, storage, clearance
• Financial instruments: Bonds, BGs, and deferred payment options
• Panel debate: Is warehousing a tax benefit or a trade facilitation tool?
• Activity: Structuring a bonded import & deferred clearance plan

Day 7: Related Party Imports & Special Valuation Branch (SVB)

• When and how to disclose related-party transactions
• SVB compliance workflow – documents, queries, and timelines
• Role play: Responding to valuation queries in related-party imports
• Sample walkthrough: Preparing a SVB submission for approval

Day 8: Investigations, Audits & Handling Show Cause Notices

• Understanding audits, investigation triggers, and enforcement procedures
• Key documents: Show Cause Notices, personal hearings, and appeals
• Strategy: Preparing effective responses and documentation trails
• Simulation: Audit preparedness checklist & appeal drafting

Day 9: Origin of Goods, FTAs & Trade Remedy Measures

• Interpreting rules of origin: key checkpoints for compliance
• How FTAs work: India-ASEAN, UAE-CEPA and others
• Anti-dumping and safeguard duties – practical implications for importers
• Mini-project: Designing an FTA-compliant import model

Day 10: Future of Customs – Technology, ESG & Trade Strategy Capstone

• Emerging technologies: Blockchain, ICEGATE 2.0, and smart compliance
• ESG, carbon border adjustments & India’s green trade direction
• Capstone case: Solving a multi-faceted compliance problem involving import valuation, FTP licensing, and incentive eligibility
• Final roundtable: Building a compliance-first, future-ready trade strategy