preshipment procedure-india exports
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The document outlines the pre-shipment procedures for export marketing, including order receipt and confirmation, letter of credit, packing and marking goods, pre-shipment inspection, central excise clearance, marine insurance, and appointing a custom house agent. It also details the central excise clearance process, including filling out the ARE-1 form and obtaining inspector approval. Finally, it discusses the custom clearance and shipment process, including submitting documents, examining goods, loading containers, and obtaining bills of lading, as well as the process for realizing export proceeds.
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preshipment procedure-india exports
- 2. MEMBERS 2604 ASHWIN 2609 JOELLA 2611 RICHARD 2615 LIRON 2620 JOYICE 2623 DELNA 2628 RACHAEL 2634 CALVIN
- 3. PRE-SHIPMENT PROCEDURE • Preliminary activities • Order – receipt and conformation • Letter of credit • Obtaining packing credit • Production or procurement of goods • Packing and marking of goods
- 4. (contd) • Pre-shipment inspection • Central excise clearance • ECGC cover • Marine insurance policy cover • Appointment of custom house agent • Instructions to CHA
- 5. CENTRAL EXCISE CLEARANCE • Export goods are exempted from central excise duty. However necessary clearance has to be obtained in two ways: • Export under bond . • Export under rebate. (without examination)
- 6. PROCEDURE OF EXCISE CLEARANCE: • Preparing of invoice • Filling ARE-1 Form • Application to assistant commissioner of central excise • Information to range superintendent of central excise
- 7. ARE-1 COPIES copy colour original white duplicate buff triplicate pink quadruplicate green quintuplicate blue
- 8. (contd) • Deputation of inspector • Processing of ARE-1 form • Refund or release of bond
- 9. CUSTOM CLEARANCE/SHIPMENT PROCEDURE: • Submission of document • Verification of document • Carting order • Storing of goods in the sheds • Examination of goods
- 10. PROCEDURE(contd) • ‘Let ship order’ • Loading of goods • Payment of port trust dues • Obtaining bill of lading • Payment to CHA
- 11. REALISATION OF EXPORT PROCEEDS: • Submission of documents to bank • Verification of documents • Certification of documents • Dispatch of documents • Letter of indemnity
- 12. (contd) • Discounting of bills • Payment by importer • Processing of GR form • Follow up