Import Export Compliance Consultant India | Customs, DGFT

Trade Compliance Audits · Noida, Delhi NCR

Import Export Compliance Consultant India

Marg Tax Advisors LLP is an import export compliance consultant in India for businesses that want their cross-border trade function reviewed before a department does it for them, across the Customs Act, the Foreign Trade Act and FEMA together rather than one at a time.

Three Statutes
Customs Act 1962, Foreign Trade Act 1992 and FEMA 1999 reviewed as one picture
Boundary Gaps
The exposure that sits between the three, where single-statute reviews miss it
Screening Built In
Restricted party and SCOMET checks added to counterparty onboarding
1 Working Day
Target response time on new enquiries

Quick answer

Marg Tax Advisors LLP is an import export compliance consultant in India reviewing a business’s cross-border trade function across three statutes at once: the Customs Act, 1962 for valuation, classification, duty and exemption eligibility; the Foreign Trade (Development and Regulation) Act, 1992 for IEC, DGFT licences and the export obligations attached to them; and the Foreign Exchange Management Act, 1999 for realisation and repatriation of export proceeds. The audit runs through scope mapping, document and transaction testing, gap identification, a corrective roadmap and follow-up, and the findings are built into an internal compliance manual with restricted party and SCOMET screening added to counterparty onboarding.

Marg Tax Advisors LLP is an import export compliance consultant in India that businesses turn to when they want their cross-border trade function reviewed before a department does it for them, whether that means a periodic compliance audit, a recordkeeping check, or building the internal controls that make the next audit find less to fix.

Import-export compliance in India actually runs across three separate statutes at once: the Customs Act, 1962 at the point of import or export, the Foreign Trade (Development and Regulation) Act, 1992 administered by DGFT for licences and schemes, and the Foreign Exchange Management Act, 1999 for the payment and remittance side of the same transactions. Most businesses have a filing consultant for each of those three separately, but rarely a single review that checks whether the three are actually consistent with each other, which is exactly where gaps tend to sit undetected until an audit or investigation surfaces them.

What Our Import Export Compliance Consultant India Team Handles

  • Periodic compliance audits across customs, DGFT and FEMA touchpoints for a business's import-export function.
  • Recordkeeping and documentation retention review against what each of the three statutes actually requires.
  • Restricted party, denied entity and sanctioned goods screening built into a business's onboarding process for new counterparties.
  • Internal compliance manual and standard operating procedure development for IEC usage, authorised signatories and recordkeeping.
  • Pre-audit readiness reviews before a department-initiated audit, verification or investigation.
  • Coordination with our scheme-specific and dispute-specific teams once an audit identifies an issue that needs more than a corrective note.

The Three-Statute Compliance Framework

A compliance review that only looks at one of these three statutes routinely misses issues sitting at the boundary between them, which is where genuine exposure tends to concentrate.

The three statutes an Indian trade function sits under
Statute What It Governs

Customs Act, 1962

At the border
Valuation, classification, duty payment, exemption notification eligibility and the documentation filed at the point of import or export

Foreign Trade (Development and Regulation) Act, 1992

DGFT
IEC, licences and DGFT schemes such as Advance Authorisation and EPCG, and the export obligations attached to them

Foreign Exchange Management Act, 1999

The money side
Realisation and repatriation of export proceeds, payment timelines for imports, and the reporting that ties a shipment back to the underlying remittance

A duty exemption claimed under a customs notification can depend on conditions set in a DGFT authorisation, and a DGFT authorisation's export obligation can depend on export proceeds actually being realised under FEMA within the applicable timeline. Marg Tax Advisors reviews all three together rather than treating them as three unrelated filing streams.

How a Compliance Audit Actually Runs

A useful compliance audit follows a defined sequence rather than a general document request.

  1. Scope mappingIdentifying which licences, authorisations, exemptions and FEMA reporting obligations actually apply to the business, rather than auditing against a generic checklist.
  2. Document and transaction testingSampling actual shipping bills, bills of entry, authorisations, consumption records and remittance data against what was declared or claimed.
  3. Gap identificationFlagging mismatches, whether that is an unrealised export proceed, a consumption register that does not reconcile, or a valuation position that would not survive scrutiny.
  4. Corrective roadmapSetting out what needs to be fixed, in what order, and which items are urgent enough to address before, rather than after, the next filing or renewal.
  5. Follow-upConfirming the corrective steps were actually completed, rather than leaving the roadmap as a one-time deliverable that is never revisited.

Recordkeeping and Documentation Retention

Each of the three statutes carries its own recordkeeping expectations, covering shipping bills, bills of entry, authorisations, consumption registers, bank realisation certificates and correspondence with the department. Retention periods differ by document type and by which statute the record supports, so Marg Tax Advisors reviews a business's actual retention practice against what each set of records needs to survive, rather than applying one blanket retention rule across every document a trade function generates.

Restricted Party and Sanctioned Goods Screening

Onboarding a new overseas counterparty without checking it against the restricted and denied party lists that apply to Indian trade, or shipping an item that falls within SCOMET without the classification being checked first, are the kind of gaps a compliance audit is built to catch before a transaction happens rather than after. Marg Tax Advisors builds a screening step into a client's onboarding process for new counterparties and products, rather than treating screening as a one-off exercise done only when a deal already looks unusual.

Building an Internal Compliance Manual

A compliance audit that ends with a one-time corrective list tends to find the same gaps again at the next review. Marg Tax Advisors builds the audit findings into an internal compliance manual covering IEC usage, who is authorised to sign and file on the business's behalf, the recordkeeping practices each document type needs, and the restricted party screening step built into onboarding, so the next audit is checking whether the manual is being followed rather than starting from a blank page.

When a Compliance Gap Needs More Than an Audit

Some findings are corrected internally; others need scheme-specific or dispute-specific work once identified. This page is the starting point that identifies which of those a business actually needs, rather than assuming every gap requires the same response.

Where a finding goes next

Who You'll Work With

Shashank Shekhar Gupta, founder of Marg Tax Advisors LLP, Chartered Accountant and lawyer

Shashank Shekhar Gupta

Founder, Chartered Accountant and Lawyer

Import-export compliance work at Marg Tax Advisors is led by Shashank Shekhar Gupta, founder of the firm, a Chartered Accountant and a lawyer who chairs the International Trade Law Committee of the Indian Industries Association.

Talk to Our Import Export Compliance Consultant India Team

Whether you want a periodic compliance audit, a recordkeeping review, or an internal compliance manual built from scratch, contact Marg Tax Advisors LLP to go through what your trade function actually needs. We aim to respond to new enquiries within one working day.

Frequently Asked Questions

Common questions on trade compliance audits, recordkeeping and counterparty screening.

What does an import export compliance consultant in India actually do?

An import export compliance consultant reviews the cross-border trade function against customs, DGFT and FEMA requirements together, audits records and transactions for gaps, and builds the corrective roadmap and internal controls needed to close them, coordinating with scheme-specific or dispute-specific teams where a finding needs more than an internal fix.

Why review customs, DGFT and FEMA compliance together instead of separately?

Because the three are connected in practice: a customs duty exemption can depend on a DGFT authorisation’s condition, and that authorisation’s export obligation can depend on FEMA export proceed realisation. Reviewing only one at a time routinely misses gaps sitting at the boundary between them.

How often should a compliance audit be done?

It depends on transaction volume and the schemes in use, but a periodic review, done before a licence renewal or authorisation closure rather than only when a notice arrives, catches gaps while they are still correctable internally.

What is restricted party screening and why does it matter?

Checking a counterparty against the restricted and denied party lists that apply to Indian trade, and checking a product against the SCOMET list where relevant, before a transaction is finalised rather than after. Built into onboarding, it catches an issue before it becomes a shipment that should not have gone out.

Do you only do compliance audits, or do you also handle the fixes an audit finds?

Both. Straightforward gaps are corrected as part of the audit engagement itself; findings that need scheme-specific filing work or dispute representation are handed to our dedicated teams for that area, covered on our other pages.

Do you only work with clients based in Delhi?

Our office is in Noida, Delhi NCR, but we act for clients located anywhere in India, supported by virtual consultations and document review where a compliance audit does not require physical presence.

Call Now Email Us
International Trade Lawyers in Delhi| International Trade Law Firm in Delhi| Customs Lawyer in Delhi| Tax Advisors in Delhi| GST Advisor in Delhi| GST Lawyer in Delhi| GST Consultants in Delhi| GST Registration Consultants in Delhi| Customs Duty Consultants in Delhi| Foreign Trade Policy Consultants in Delhi| Anti-Dumping Lawyer India| Anti-Dumping Duty Consultant India| Anti-Dumping Investigation Lawyer India| Trade Remedies Lawyer India| DGTR Representation Consultant| Countervailing Duty Consultant India| Customs Litigation Lawyer Delhi| Customs Valuation Consultant| DGFT Consultant in Delhi| Advance Authorisation Consultant| Import Export Compliance Consultant India| Customs Show Cause Notice Reply| GST Refund Consultant Delhi| GST Litigation Lawyer Delhi| GST Appeal Consultant| Reply To GST Show Cause Notice| GST Departmental Audit Support| How to Respond to an Anti-Dumping Investigation in India?| Anti-Dumping Duty Process in India| GST Refund Process for Exporters|