At Bombay Metal Exchange, Prateek Bansal Breaks Down The Business Impact Of Customs Proceedings

Our Partner Prateek Bansal was recently invited as a panelist at the Bombay Metal Exchange Ltd Seminar, where he spoke on 𝗖𝘂𝘀𝘁𝗼𝗺𝘀 𝗡𝗼𝘁𝗶𝗰𝗲𝘀, 𝗙𝗧𝗔𝘀, 𝗕𝗮𝗻𝗸 𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 & 𝗖𝗹𝗲𝗮𝗿𝗮𝗻𝗰𝗲 𝗜𝘀𝘀𝘂𝗲𝘀.

Mr. Prateek shared his perspective on the legal landscape around customs law, especially 𝗵𝗼𝘄 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗮𝗱𝗷𝘂𝗱𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗰𝗲𝗲𝗱𝗶𝗻𝗴𝘀. He highlighted the practical realities these proceedings bring, from notices and inquiries to hearings and penalties, and how they often spill into core business functions like shipments, vendor payments, and supply chain timelines.

What made the session impactful was the focus on solutions. Mr. Prateek offered innovative suggestions like strengthening contracts, preparing internal SOPs, and building legal safeguards that help businesses respond to issues and navigate them proactively.