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Export is one of the most lucrative business activities inIndia. The Govt. also provides various incentives to
the exporters for earnings valuable foreign exchangefor the country for meeting their requirements forimporting modern techno. and essential inputs.
Besides the income from export business is fully exempt
under the Income Tax Act,1961.Refund of centralExcise and Custom Duty on export is also made underthe Duty Drawback scheme of the govt.Drawback
payment procedures have been simplified. Duty freeimport of raw materials is allowed under various
schemes of Ministry of Commerce.
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Replenishments licenses are also available against export
of certain specific items. Forex regulations have beensubstantially liberalized for exporters.
Liberal release of forexis made available for travel abroad.Export Credit and Guarantee corporation is
overhauling its internationaloperations. Transports subsidy is given for export by air aswell by rails. Domestic Cos. have been allowed to bid in
any currency. Delhi customs have introduced EDIsystem of computerized processing of import and export
transactions.
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Golden Rules
for successful Exporting Sell know how
Selling in export is tough. Delivery must be on time.
Goods must be properly served.
Communication.
Testing products.
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Documents forTransportation of Goods
A. Airway Bill/Consignment Note: The airway bill consist of 3 originals and 6-11
copies. It is non negotiable document.
Original1 (green) copy is retain by the carrierissuing the airway bill for accounting purpose.
Original 2nd pink copy is accompanied theconsignment to the final destination.
Original 3rd blue copy id given to shipper asproof of the receipt of the goods for shipment.
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1) The bill of Lading
The bill of lading is issued in thestandardized document format.
Shipping co. which will calculate the freight
amt of the basis measurement or weightas certified by the recognize chamber ofcommerce on payment of the freight. Theshipping returns the bill of lading dulysigned and supported by 25p adhesivestamp
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2 or 3 originals. All originals are duly signed by the master of theship or the agent.
All the originals are equally valid for taking thedelivery of the goods.
1 original is utilized the other originals becomenull or void.
No original copy goes in the wrong hand. Few extra copy of B/L are generally marked as
non negotiable copy which cannot be utilized fortaking the delivery of the goods.
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It is issued by the chief of vessel after cargo isloaded.
It contains name of shipper, place of
receipt,voyayge no. , port of loading port ofdischarge, place of delivery, marks and nos. ,container no. , description of good, grossweight.
The receipt is of transferable nature It must be presented at the shipping
company's office to be exchanged into B/L.
2) Mate Receipt
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3) Combined
Transport Document
Inland container depots have been setup
at various centers in the country. These ports are known as dry ports and
have made it possible to cover the entire
movement of goods from ICD todestination.
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Document for
Custom Clearance of goods.
1. Shipping bill/Bill of export.
Shipping bill is the main documentrequired for the custom authority for
allowing shipment. Shipping bills are of 4 types.
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Other Documents
Certificate of Inspection.
Commercial Invoice.
Consular invoice Customs invoice.
Legalized Invoice.
Certified Invoice. Bill of Exchange.
Packing List.
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Black List Certificate.
Weight Note. Manufacturers certificate.
Certificate of origin. Language certificate.
Certificate of chemical analysis.
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Other such documents
Certificate of shipment.
Health /Veterinary/ sanitary certificate.
Certificate of Measurement.
Transshipment Bill.
Transshipment Permit.
Shipping Order.
Short out advice.
Short shipment form.
Shipping Advice.
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Certificate
OfOrigin.
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Custom
Clearance
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Declarationof
Dutiable value
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Insurance
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