CENTRAL EXCISE CLEARANCE : The exporters are totally exempted from the payment of central excise duty. However, the exemption should be claimed in one of the following ways:- a)Export under Rebate. b)Export under Bond.
OBTAINING INSURANCE COVER : The exporter must take appropriate policies in order to insure risks :-a)ECGE policy in order to cover credit risks. b)Marine policy, if the price quotation agreed upon is CIF .
Reservation of space in the ship: the exporter has to contact the shipping company well in advance for booking the required space in the vessel for shipment of his consignment through his C&F agent . and has to provide information about date of shipment ,gross and net weight of each package, particulars.
2) Arrangement of internal transport from factory/warehouse to the port of shipment: transporting goods by road or rail from his own place to shipment.
On 15 th sept.2004 government of India introduced computerized processing of shipping bills under the Indian customs EDI(electronic data interchange)system.
About 20ports in India have adopted computerized processing of shipping bills. only statuary declarations will be manually screened. with exception of minor variance custom clearance remains same under computerized processing of documents.
Incentive is an expectation that encourages people to behave in a certain way
The Government of India has framed several schemes to promote exports and to obtain foreign exchange. These schemes grants incentive and other benefits. The few important export incentives & exemptions are ----
Registration with Excise Authorities---They get exemption,& they have two options either deposit excise duty at time of clearance from factory & later claim return or open Bond Account with Maritime Collector of Central Excise
Registration with sales tax Authorities---he should register with authorities of his state.