REQUIRED DOCUMENTS FOR EXPORTING GOODS FROM INDIA TO FOREIGN COUNTRY:
Export procedure describes the documents required for exporting from India. Special documents may be required depending on the type of product or destination. Certain export products may require a quality control inspection certificate from the Export Inspection Agency. Some food and pharmaceutical product may require a health or sanitary certificate for export.
Shipping Bill/ Bill of Export is the main document required by the Customs Authority for allowing shipment. Usually the Shipping Bill is of four types and the major distinction lies with regard to the goods being subject to certain conditions which are mentioned below:
Export duty/ cess
Free of duty/ cess
Entitlement of duty drawback
Entitlement of credit of duty under DEPB Scheme
Re-export of imported goods
The following are the export documents required for the processing of the Shipping Bill:
GR forms (in duplicate) for shipment to all the countries.
4 copies of the packing list mentioning the contents, quantity, gross and net weight of each package.
4 copies of invoices which contains all relevant particulars like number of packages, quantity, unit rate, total F.O.B./ C.I.F. value, correct & full description of goods etc.
Contract, L/C, Purchase Order of the overseas buyer.
AR4 (both original and duplicate) and invoice.
Inspection/ Examination Certificate.
The formats presented for the Shipping Bill are as given below:
White Shipping Bill in triplicate for export of duty free of goods.
Green Shipping Bill in quadruplicate for the export of goods which are under claim for duty drawback.
Yellow Shipping Bill in triplicate for the export of dutiable goods.
Blue Sh...
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...artistic property or relating to false marks, false indications of origin or other methods of unfair competition.
ARTICLE XI
In order to facilitate effective and harmonious implementation of this
Treaty, the Contracting Parties shall consult each other regularly.
ARTICLE XII
(a) This Treaty shall come into force on the date of its signature. It shall supercede the Treaty of Trade concluded between the Government of India and the Government of Nepal on 6th December 1991, as amended or modified from time to time.
(b) This Treaty shall remain in force for a period of seven years and shall be automatically extended for further periods of seven years at a time, unless either of the parties gives to the other a written notice, three months in advance, of its intention to terminate the Treaty.
Office of Industries, U.S. International Trade Commission.(2009).Export controls: an overview of their use, economic effects, and treatment in the global trading system. Retrieved from United States International Trade Commission http://www.usitc.gov/publications/332/working_papers/ID-23.pdf
Due to it being a document of title the shipment will be incomplete without the documentation; therefore it cannot be passed on to the correct party when the goods are presented at the port of destination stipulated in the ocean bill of lading.
A crucial objective for the company is to get the best available resources and make sure that the product is of standard quality (quality assurance & control). Extra care is required in maintaining the supply chain for businesses that
By Article I (e): "'Carriage of goods' covers the period from the time when the goods are loaded on to the time when they are discharged from the ship", and by Article II: "... Under every contract of carriage of goods by sea the carrier in relation to the loading, handling, stowage, carriage, custody, care, and discharge of such goods, shall be subject to the responsibilities and liabilities, and entitled to the rights and immunities hereinafter set forth".
The next topic is the bill of lading, which is an instrument issued by an ocean carrier to a shipper that serves as a receipt of the contract of carriage, and as a document of title for the goods. The treaty that governs the bill of lading is the International Convention for the Unification of Certain Rules of Law Relating to Bills of Lading. It is also known as the 1921 Hague Rules and the Brussels convention of 1924. The Hague Rules were extensively revised in 1968 by a Brussels Protocol. The amended version is known as the Hague-Visby Rules. Most countries are a party to the 1921 Hague Rules, and a few have adopted that Hague-Visby amendments such as France and the United Kingdom. A bill of lading serves three purposes, First it is a carrier’s receipt for goods. Second it i...
Exporting is the commercial activity of selling and shipping a good or goods to a foreign country. Importing is the commercial activity of buying and bringing in goods from a foreign country. The benefits of exporting and importing are good to a countries economy as it creates local jobs. The Honda plant in Alliston exports the Honda Civic (a three door hatchback and four-door sedan) as well it is the only facility in the world that builds the full-size Odyssey minivan and the Acura MDX sport utility vehicle.
In case a company wants to be successful in their export business the following should be considered. The goals of a company are in harmony with the exporting business and what the company wants to gain from the export. The main company resources such as, capacity of production finances, management and personnel, that the export process will need. The last factor a company should consider is whether the cost incurred in the business will yield the required or worth profit/ benefits.
These include both trade restricting measures like the technical barriers as well as trade-promoting measures which include export subsidies and not tariffs. According to the Ministry of Commerce and Industry data the maximum cases of NTMs are in the cotton sector (19), second being in apparel and clothing items chapters(15) (i.e. HS chapters 61-63). Four types of NTMs are imposed by countries around the world, they are different across the countries, but usually include customs and rules of origin, labour and environment standards, minimum import price (Saini 2009). The flexibilities in the WTO rules there have allowed for an escalation in the non-tariff measures markedly relating to the standards, certification and labelling and licensing requirements. In the items where the developing countries mostly enjoy comparative advantage like textiles, agricultural products, engineering products, leather, pharmaceuticals etc. are majorly been subjected to such restrictions to trade. Especially barriers that have been regulatory or standard concerning have been coming to light as impediments that alter the competitiveness of the T&C exporters for the developing countries of this era. The use of NTMs and Technical Barriers to Trade (TBTs) apart from the price and quantity controls have risen from 55 to
Lump Sum - Can be multiple items for different documentation. I.e. Shipping line Bill of lading / House Bill of lading / certificates of origin
This is a documents required in case of import of goods. It is like shipping bill in case of exports. A bill of Entry is the document testifying the fact that goods of the stated value and description in specified quantity are entering into the country from abroad. The customs office supplies this foam which is prepared in triplicate. Three different colors are used to prepare bill of entry. One copy is retains by custom department, other is retained by port trust and the third is kept by the importer.
Voluntary export restraint (VER) is one of the major policy instruments of protection that set by a government on the quantity of commodity that can export out from a country during a specific period of time (Steven, 2016). Apart from this, voluntary export restraint also defined as trade restriction on the quantity of commodity that the exporter is allowed to export to another country. However, the restriction is self-imposed by the exporter. Based on the word of voluntary, it places in quotes due to these restraints are generally implemented upon the determination of the importing country. The two purpose of impose VERs are to provide the relief for industries adversely influence by foreign
Importing nations oblige these reports for the organization of their import laws, evaluation of expenses, and assurance from dangerous bugs and ailments. A portion of the all the more oftentimes obliged reports are: business receipt, pressing rundown, bill of replenishing, phytosanitary declaration (for plants or plant items), veterinary wellbeing endorsement (for creatures or creature items), and authentication of source. Other import regulations that may influence a shipment are bundling and naming necessities and reusing
Freight is a price at which a certain cargo is delivered from one point to another. In other words, a charge paid for transportation of goods by land, air and sea. The price depends on the form of cargo such as truck, train, ship and aircraft, the weight of the cargo and the distance to the delivery destination.
International trade plays crucial role in the development of any country. And Trade facilitation can be define as a procedure to make international trade possible in a best and efficient way. In which transaction cost of trade is minimum and goods transfer from one country to other in shortest time. According to WTO, “Trade facilitation is defined as a procedure and controls for the movement of the good from one country to another can be reduce cost and burden. And also find the efficient flow of goods”. According to Kommerskollegium (2008), Trade Facilitation can be define as “a reduction in trade complexities and cost of trade transaction process and insuring that all these activities take place in an efficient, transparent and predictable manner”. According to Kommerskollegium (2008), International Trade is a key driver of economic growth. Trade facilitation reduces compliance cost, enhance government controls and capabilities and it is not achievable without Political determination and international efforts. The author also explains Trade Facilitation as “a mixture of Harmonisation of applicable rules and regulation, standardization of information and requirements, simplification of administrative and commercial formalities, procedure and documents and transparency of the whole process”. It can be done by government regulation and controls, business efficiency, improved transportation, advancement of the information and communication technologies, and efficient and easy payment procedure. Custom play a central role but all border agencies should also involve in this procedure in an effective manners. It’s also an argument in support of trade facilitation that why developed nation are focusing on trade facilitation. If we go ...
Visas: Visas are required by many countries and cannot be obtained through the Office of Passport Services. They are provided by the foreign country's embassy or consulate in the United States for a small fee. The traveler must have a current U.S. passport to obtain a visa; many cases, a recent photo is required. The traveler should allow several weeks to obtain visas, especially if traveling to developing nations. It is important to note that some foreign countries require visas for business travel but not tourist travel. Therefore, when company representatives request visas from a consulate or embassy, they should notify the authorities that they will be conducting business. Business people should check visa requirements each time they travel to a ccountry because regulations change periodically. Contact an Export Assistance Center to learn about documentation requirements for the countries where you will be traveling.