Established in Mumbai in 1991, at about the same time as India was going through its trade liberalization phase, Siddhartha Logistics emerged as a customs broker and consultant specializing in complex project and machinery cargo imports, under special government incentive schemes.
In order to do this successfully, it was required to do a deep technical analysis of each equipment (individually as well as a part of the whole) including its function, and analyse how that equipment fit into the regulatory framework from a perspective of customs classification, duty structures, eligibility for government schemes and so on.
This approach of Siddhartha Logistics gave birth to the term ‘techno-legal consultancy’ which became one of the key principles for the growth of the company going forward. The company values the importance of saving time and money for its customers. In order to achieve this, it focused on becoming extremely proficient in customs regulations both tariff (involving incidences of duties and taxes) and non-tariff (involving the restrictions and compliances on certain goods and services).
In the process, Siddhartha Logistics has established itself as a significant expert with thorough and practical knowledge of Indo-foreign trade regulations, thus enabling it to design and execute a supply chain which is not only physically efficient but also tax efficient.