Challenges for the Auto Sector in India

Challenges for the Auto Sector in India

Krishna Barad, a partner at BDO India, discusses HS Classification & Its importance in Customs Compliance.

GlobalAutoIndustry.com’s latest Audio Interview “Key challenges for the Auto Sector in India: HS Classification & Its importance in Customs Compliance” features Krishna Barad. Barad is a partner with the Indirect Tax practice of BDO India, with a special focus on Customs & International Trade. He has more than 27 years of experience in customs, foreign trade policy, international trade, shipping and logistics-related matters.

In the 19-minute audio interview, Barad discusses these questions:

  • What is HS Classification and what is the basis of it?
  • Which version of HSN is being used currently, and why is it important in international trade?
  • What are the key challenges faced by automotive sector in India?
  • What is the impact of the recent case in Thailand, and the Indian judgement of Westinghouse?
  • What precaution do companies need to take, and what is the way forward?

Click here to listen to the audio interview.

About Krishna Barad

Krishna is a Partner with the Indirect Tax practice, with a special focus on Customs & International Trade. He has over 27 years of experience in Customs, Foreign Trade Policy, International Trade, Shipping & Logistics related matters.

Prior to joining BDO in India, he was associated with a larger accounting firm for 2 years and also worked with large Indian and multinational corporations.

He has undertaken Customs, Foreign Trade Policy & international trade, indirect tax advisory and compliance services across various industry verticals, including aviation, wind, oil & gas, automobile, engineering, locomotive, healthcare, steel, chemical, infrastructure, IT/ITeS, pharmaceuticals, and auto ancillary sector.

Krishna has advised and assisted clients in setting up operations in India. He has also handled SEZ and EOU/STPI related advisory, compliance and implementation related matters on various clients.

He has extensively handled the implementation of IT tool EO-Soft for EOU Compliance, Robotics Process Automation (RPA), Global Trade Management Tool – Amber Road, HS Classification automation, Post Entry Audit etc. He has also been actively involved in advising clients on litigations and representations before the Ministry of Finance, Ministry of Commerce & Industry, Director General of Foreign Trade (DGFT) and other appellate tribunal authorities.

He has significantly contributed to Indian business and professional magazines and has been a speaker for Customs & International trade topics at several local, national & international forums.

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