Policies
Trade compliance and sanctions
Astratech Solutions exports from India to buyers on several continents. This policy sets out how we keep every shipment within the law of India, the law of the destination, and the international sanctions regimes that govern trade finance and shipping. It binds our directors and staff, and every agent, broker or forwarder acting on our behalf.
1. Commitment
We trade only where it is lawful to trade, with parties it is lawful to trade with, on documents that describe the goods truthfully. Where a transaction can be completed only by bending one of those three rules, we decline it.
2. Indian export law
We hold and maintain the registrations Indian law requires of an exporter of agricultural commodities and quote them on the contract. Every shipment is declared to Indian customs accurately as to description, quantity, value, origin and classification, under the Customs Act, 1962 and the Foreign Trade (Development and Regulation) Act, 1992 and the policy made under it.
Commodity-specific export conditions — minimum export prices, duties, quantitative limits, registration requirements and prohibitions — are checked for the specific product at quotation and again before shipment, and the prevailing position is confirmed to the buyer in writing. A price is never quoted across an announced change in policy.
3. Sanctions and restricted parties
Before contracting, and again before shipment, we screen the buyer, the consignee, the notify party, the ultimate destination, the banks in the payment chain, the carrier and the vessel against the sanctions lists that apply to the transaction: the United Nations Security Council lists as given effect in India and, wherever a transaction touches their currencies, banks, carriers or territories, the lists maintained by the European Union, the United Kingdom and the United States Office of Foreign Assets Control.
We do not deal with a listed party, with a party owned or controlled by a listed party, or with a transaction structured to conceal one. Requests to route goods, documents or payments through an unrelated country or entity in order to avoid a sanction, a duty or a control are declined.
4. Destination requirements
The buyer is responsible for confirming that the product and its intended use are lawful at destination and for obtaining any import permit the destination requires. We prepare the shipping and certification documents to the destination's stated requirements — phytosanitary and health certificates, residue reports, Halal certification, certificates of origin and authenticity — and confirm in writing at quotation what the destination currently requires for the product.
5. Documentation integrity
Commercial invoices, packing lists and certificates state the goods, the quantities, the values and the origin as they are. We issue one invoice per shipment at the contract value; we do not prepare alternative or second invoices, understate or overstate value, or misdescribe origin or classification for any purpose. Certificates of origin are obtained only from the chambers and agencies authorised to issue them, and certificates of analysis only from the laboratories that performed the analysis.
6. Foreign exchange
Export proceeds are received through authorised dealer banks in India in accordance with the Foreign Exchange Management Act, 1999 and the directions of the Reserve Bank of India. Payment is accepted from the contracting buyer's own account; netting, set-off or third-party payment is arranged only with the prior approval of our bank and within the rules that apply. See also the anti-money-laundering and payment security policy.
7. Transport and security
Containers are stuffed under supervision, sealed in the inspector's presence and the seal numbers are recorded on the inspection report and the shipping documents. Carriers and forwarders are appointed in writing and screened as in section 3. No shipment is routed, transhipped or re-documented to evade a control at origin, in transit or at destination.
8. Dual-use and controlled goods
Our products are agricultural commodities and are not controlled items. Should an enquiry concern any material that is subject to export control, or an end use that raises concern, it is referred to management and is not quoted until its status is resolved.
9. Raising a concern and review
Anyone — staff, supplier, buyer or service provider — who believes a transaction may breach this policy should write to contact@astratechsolutions.net with the subject line Compliance. Concerns are reviewed by management; a person raising a concern in good faith suffers no disadvantage for doing so. This policy is reviewed annually and whenever the law or our markets change.