What Is Import/Export About?
Cross-border trade is the fundamental aspect of import/export, which entails exchanging goods and services between different countries. Importing involves buying foreign products to acquire items that are not made locally, while exporting refers to selling domestically produced goods in international markets for revenue growth and benefitting from comparative advantages. The process demands compliance with trade agreements, following customs regulations diligently, optimising logistics operations efficiently and monitoring currency exchange rates carefully.
Import/export plays a crucial role in global economic activity by promoting international cooperation among nations worldwide; it provides an opportunity for businesses to explore new marketplaces around the world.
How To Register For Import Permits?
There are two ways to register your business – through the online portal or by contacting the Companies Division. To gain more access to the Department’s information, it is advised to create an account with the Customs department as well. If you earn over Rs 6 million in revenue, registration with MRA becomes mandatory therefore contact them for detailed procedures and additional guidance on this matter.
Click Here to obtain in-depth information on import procedures and required paperwork.
The implementation of the Consumer Protection (Control of Imports) Regulations in 2017 resulted in import restrictions being placed on specific products. These regulations aim to protect public health and security, preserve the environment, and safeguard national interests. It is imperative that you acquaint yourself with these guidelines to guarantee adherence to all requirements for importing permits.
How To Register For Export Permits?
The registration process is the same as acquiring an import permit. To obtain complete information regarding export processes and necessary papers, click here.
The Harmonized Commodity Description and Coding System (HS) is a crucial tool for exporters, created by the World Customs Organization (WCO). Every product has its own unique HS code designated for customs use. To obtain an accurate classification of goods in Mauritius as per their corresponding HS codes, it is necessary to submit the application through the jurisdiction of the Customs Department.
To regulate controlled items during export, the Consumer Protection (Export Control) Regulations 2000 are in place. For details on acquiring an export permit for such items, please reach out to the Ministry of Commerce, Industry and Consumer Protection.
