Date post: | 13-Feb-2017 |
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CHETANA’S INSTITUTE OF MANAGEMENT STUDIES
Subject: Export Import Procedure and documentation
Topic: Export Procedure II
Std.: SYBMS / A
Group No.:4
Submitted To: Prof. Bhavesh vaity
Group MemberName Roll No.
Akash Gupta 2119Pravin Nadar 2134Abbas Sayed 2153Natasha Badsiwal 2104Sapna Chawla 2110
Content:
IntroductionExcise duty is a tax charged by the central government on goods
manufactured in India. It is collected when the goods are removed from factory.
Export under rebate Export under bond
ARE-I
Procedure for central excise clearance
Filling ARE-I form:
INFORMATION TO THE RANGE SUPERINTENDENT:
Sealing goods:
Cont…Processing ARE-I forms
Examination of goods at the port of shipment
Submission of claim and refund of duty
Quality control and Pre-shipment InspectionExported goods, make a counrty’s image, in terms of quality and perfection. The government of India has introduced scheme of compulsory quality control and pre-shipment inspection under the export act1963, to supply goods strictly as per international standards.
The list of items covered under this regulation is as follow:•Engineering items•Agricultural commodities•Marine products•Jute and jute manufactures•Chemicals and textiles, etc.
Cont…
The Export Inspection Council (EIC) has been set up by the government to help in efficiency and certification system. It has the following powers:•Notifying items which should be subject to quality control and pre-shipment inspection before export.•Establishing standards of quality for notified items.•State the type of quality control and inspection to be used for such items.
Methods of Quality control and Pre-shipment InspectionSELF-CERTIFICATION
Consignment-wise inspection
In-process Quality control
Procedure for Obtaining Marine Insurance Policy
SELECTION OF INSURANCE COMPANY
Selecting suitable policy
Filling up Proposal Form
Cont…
Verification of proposal form
Payment of Premium
Issuing insurance policy
Procedure for filining Marine Insurance Policy
1. To inform about the loss to the marine insurance company.2. The insurance company appoints surveyor to find out the amount of loss
and cause of loss.3. Surveyor conducts investigation and confirms the cause of loss.4. The insured has to submit the following documents along with claim
form:I. Original insurance policy.II. Original invoiceIII. Packing listIV. Bill of ladingV. Survey report
5. The insurance company verifies the claim.6. pays the amount of claim to the exporter or insured.
Role of Clearing and Forwarding (C & F) Agents
CLEARING FORWARDING (C&F AGENTS) HAVE KNOWLEDGE AND EXPERTISE ABOUT CUSTOMS PROCEDURES. THEY CHARGES COMMISSION FOR THEIR SERVICES GIVEN BY THEM. •FOLLOWING SERVICES:
1. Making arrangement for warehousing
2.Making arrangement of transportation
3.Booking shipping space
4.Making arrangement for loading of goods on the vessel
5.Obtaining marine insurance policies
6.Providing information on shipping documents to, customs authorities such as- bill of lading, commercial invoice packing, GR-form, etc
Shipping and Customs Formalities
1.Submission of documents
2.Verification of goods
3.Valuation of goods
4.Carting order
5.Examination of goods
6.Let ship order:
7.Obtaining mate’s receipt and bill of lading
Indian Customs EDI System (ICES)
In order to encourage computerised processing of export documents, the DELHI customs house, in 1994-95, launched Electronic Data Interchange System (EDI). It connects all the agencies involved in international trade with the customs house electronically.
EDI system is:-1. Computerization of custom related procedures.2. Bringing together an environment of participation and
cooperation of all the agencies.3. Playing an important role in the movement of goods, contains
and passengers.4. Making easy customs laws and procedures.5. To attend the needs of export import trade.
Documents needed for export under EDI system
The documents needed are:
•Letter of credit along with export order or export contract.•Commercial invoice•Packing list•Letter of AC customs permitting factory stuffing of goods if applicable•Shipping bill or electronic shipping bill:
a)White shipping billb)Green shipping billc)Advance license shipping bill, etc.
All exporter have to open an account with Punjab National Bank, located at new customs house for receiving their drawback account. The account is needed as customs will not issues any cheques, for drawback account on any other bank
Samples
Samples
Samples
Advantage of Indian customs EDI system
SPEEDLESS BURDEN ON EXPORTER
SAVES COST AND TIME
OPPORTUNITIES FOR EXPORTERS
TRANSPARENCY
Cont…
BETTER SERVICE
Cont…BENEFIT TO SHIPPING COMPANY / AIRLINES
ROUND THE CLOCK ACCEPTANCE OF DOCUMENTS
HELPS CUSTOMS AUTHORITIES
Negotiation of Documents and Realization of export proceeds
SUBMISSION OF DOCUMENTS TO THE BANK FOR NEGOTIATING
SENDING DOCUMENTS TO IMPORTER’S BANK
BILL OF EXCHANGE
Cont…Realisation of export proceeds
Processing of GR form
Thank You