WHAT IS PRE-SHIPMENT INSPECTION - PSI?
Pre-Shipment Inspection (PSI) is a service provided by independent inspection companies to governments in Africa, Asia and Latin America since 1965. Today some forty countries worldwide avail themselves of the service provided. The inherent nature of the service is an inspection in the country of supply on behalf of the government of the importing country prior to shipment.
PSI consists of the verification of the quantity, quality and export market price of the goods being exported. Essentially this involves the inspection company verifying the value for customs purposes, the accuracy of the tariff codes' classification and the calculation of the corresponding duties and taxes payable.
MERITS OF PSI SERVICES
The countries that 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.
OMIC-INDIA is providing this PSI services under OMIC International Ltd., as an associate member of OMIC
Group of Companies.
Contracts Exclusively in the Name of OMIC
- Iran (IRICA)
- Uzbekistan
- Bangladesh