Custom duties and taxes constitute an important part of trading. Every trader has to pay taxes on the goods imported and exported. Certain organizations are responsible for administering the levy and collection of these custom excise duties and other taxes. To ease out trading and the payment of such taxes and information regarding them various companies have provided some online facilities like import custom data. The Custom import data which is available online gives all the necessary information regarding the taxes levied.
Registration and monitoring of goods imported and exported is ensured .Cross border movement of goods and services is facilitated by providing full information and guidance and simplifying the central, customs excise processes along with combating fraud and ensuring national security. Highly efficient online custom data facilities provide easy services to people. Online filing of import export declarations is provided along with a facility for checking its status. Updated directories of the import custom data are available to help the users to get all the relevant information.
The strategy is to provide a single point access to customs and also enable secure transactions over net. A network of customs nodes and centralized security monitoring are some other strategies. A challenge of sourcing data from heterogeneous sources and filtering them to transform and store in a form that is easy to access and use has been undertaken. This custom data warehousing serves as an excellent source of information. The key benefits of this information available online include risk profiling, trade analysis and statistical analysis.