6683274 Import Export Document Export Order Process

8/8/2019 6683274 Import Export Document Export Order Process

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IMPORT EXPORT DOCUMENT &EXPORT ORDER PROCESS


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EXPORT ORDER PROCESS


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exporter

importer

Importers bank

Manufacturing

Importerwarehouse

Securetransportation

and documentation

Ship

customers

bank inexporterscountry


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1. The importer makes inquiry from potential supplier exporter

sends catalogs and price list .Importers request for samples .

Exporter receive purchase order.

2.Importer arranges financing through his bank.

3.importers banks sends letter of credit.(most frequently used form of payment).

4.Exporters bank notifies exporter that letter of credit is

received.

5.Exporter produces goods.


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6.Exporter arranges transportation and documentation .

space reserved on ship or aircraft.

Documents produced, as required:

(a) exporters licence.

(b) shipper export declaration.

(c) commercial invoice.

(d) bills of lading.

(e) marine insurance certificates.(f) certificate of origin.

7. Exporter ships goods to importer

8.exporter presents documents to bank for payment.

9. importer has goods cleared through customs and delivered to his

warehouse.


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Export Charges & Requirements

Export charges:

A limited number of items, mostly primary commoditiesor processed agricultural products, are subject to duties.Currently, the only products subject to an export tax (atthe rate of 10%) are goat, sheep and bovine leathers.Products may also be subject to a minimum export price.The list of products subject to minimum prices includesbasmati and non-basmati rice, cotton, and hard and soft

cotton waste. Most minimum export prices are specifiedin dollars on an fob basis.


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Settlement of Bills: The Government prescribes conditions forexchange control and settlement of bills related to exports under theauthority of the Foreign Exchange Regulation Act, 1973. For normal

commercial exports to all countries, except Nepal and Bhutan,exporters are required to complete the GR Form in duplicate. TheGR Form covers exports not made by post.

With few exceptions, all exports must be declared on the appropriateform and the exporter's code number as assigned by the ReserveBank of India must be shown on the form.

The payment arrangements are letter of credit, sight draft, time draftand shipment on consignment. The time limit for settlement of exportproceeds, that is, the amount representing the full export value ofthe goods, is six months. A maximum of 15 months is allowed for

exports to Indian-owned warehouses abroad.


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Documents: The following documents are required for exports:

GR form;

export license; export declaration;

customs entry form;

customs invoice;

commercial invoice;

certificate of origin;

bill of lading/air waybill;

packing list.

Special documents may be required depending on the type of product ordestination. Certain export products may require a quality controlinspection certificate from the Export Inspection Agency. Some food andpharmaceutical product may require a health or sanitary certificate forexport.


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To cover products under GSP (generalized system of

preferences) a certificate of origin may be required. The

Export Inspection Agency, the various export promotion

councils, chambers of commerce or the regional offices of the

Chief Controller of Imports and Exports are the responsible

bodies for issuing the certificate of origin


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Import documents

The obligation to submit to customs documents covering imported goods

An importer shall submit to customs authorities import documents beforeimported goods are removed from storage at the transporter, placed in abonded warehouse or removed from a bonded warehouse or a free zone

for disposal domestically; the documents shall be submitted to customs nolater than 3 months from the date of arrival of the vessel whichtransported the goods to the country.

Import documents shall be submitted to the director of customs in the

customs district where the goods are unloaded from the vessel, unless thegoods are transported undeclared to another customs district andarrangements are made for customs treatment there.


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Documents that shall be submitted

The following documents shall be submitted with an import declaration,

as far as applicable:

an invoice

a bill of lading or a transport document issued in connection with thetransport of the goods; however when there is submitted a bill covering

freight charges or a notice from the transporter to the consigneeconcerning a consignment of goods, and these documents contain thesame information as specified in regular bills of lading, a bill of lading neednot be submitted unless specially requested,

a certificate of origin when preferential customs treatment is requested in

accordance with international agreements to which Iceland is a party,unless a declaration of origin has been entered on the invoice,


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other documents concerning the imported goods which are of relevance to theircustoms treatment, e.g. an import licence when required, a confirmation of anauthorization for special customs treatment when such is the case, or othercertificates required in special circumstances.

Invoices

Invoices shall contain the following information:

name and address of the seller (consignor),

name and address of the buyer (consignee),

place and date of issue,

when the sale took place,

number of pieces, type of packing, weight, marks and numbers,

the goods contained in a consignment, type, make and quantity (number, weightor measurements, as the case may be),


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the selling price of individual articles and the currency in

which the price is specified,

terms of payment, payment conditions and delivery

conditions, discounts and other deductions and the reasons

for granting such discounts or making such deductions.

An original or a copy of the documents listed above may be

submitted to customs, provided that international

agreements to which Iceland is a party do not stipulate

otherwise.


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An importer may submit such import documents which he hasreceived in other forms than in writing, for example by

computer media or telecommunications.

If customs authorities deem it necessary, they can always

stipulate that an importer must submit an original of the

aforementioned documents.

6683274 Import Export Document Export Order Process

Documents

Transcript of 6683274 Import Export Document Export Order Process