Phospholipon import data

Phospholipon is a natural ingredient used in the agriculture industry. During the period 12^th June’14 to 12^th July’14 India has imported phospholipon worth $ 534. The entire import has been routed from Germany and was received at the Delhi air port. The
Phospholipon import data for the month June’14 shows that the local demand for the product is limited however, bound to increase in the coming years. There are not many local suppliers for the product in the country which forces buyers to source it from foreign countries where the production and supply is also plenty. The product is largely used as an ingredient in producing natural enzymes and lotions alongside emulsions, and cosmetic products. 

Phospholipon import data for June’14 has been prepared at the Delhi airport since the consignment was received through air freight. Import data enables buyers to prepare for immediate trade requirements by boosting production of goods that have demand. They are also able to alter their production budgets so that the supply of goods is not extinguished mid way of production.

The customs department is responsible for the preparation of import data. They prepare it from underlying documents like bill of lading, bill of entry and certificate of origin. Import duties are also calculated based on the product code as mentioned by the supplier to avoid confusion and wrong charging of duties.