OMIC INTERNATIONAL LTD.

Our Services:

WHAT IS PSI :

Preshipment Inspection (PSI) is an economic programme for the monitoring of imports into developing countries. It has a positive impact on the national budget, terms of trade, balance of payments and general economic development of the PSI participating country.

MERITS OF PSI SERVICES :

The countries which have adopted the PSI programmes are receiving the following advantages:

* Enhancement of Import Tax Revenue

* Minimizing Foreign Exchange Expenditure

* Preventing Illegal Imports

* Technical Assistance with Customs

* Provision of Import Statistics

* Protecting Indigenous Industry of PSI Country

PSI SERVICES ENCOMPASS:

PRE-SHIPMENT INSPECTION

Pre-shipment inspection of goods is carried out in the country of supply to ensure that their quality and quantity meet with contractual requirements.

PRICE VERIFICATION

Contractual prices are verified based upon the results of physical inspection and the export prices in the country of supply in order to prevent under valuation / over invoicing.

CLASSIFICATION OF IMPORT TARIFF CODES

The Import Tariff Code is assigned to the goods as per the Customs Tariff Code Book of the relevant PSI country. This enables easy reference for calculation of dutiable taxes by the Customs.

REPORT OF FINDINGS (ROF)

A Report of  Findings (ROF) is raised, summarizing results of the Pre-shipment inspection, Price Verification and Import Tariff Code Classification, and submitted to the Importer and/or Exporter.

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