Kattappa limited of india has received an order from bahubali limited ...
Following procedures will be followed by the Katappa Ltd :
1. Receipt of Indent
2. Receipt of export licence
3. Collection of goods
4. Packing and Marking
5. Appointment of forwarding agent
6. Despatch of goods
7. Foreign custom permits
8. Shipping order
9. Export duty (tax)
10. Dock dues
11. Loading of goods
12. Mate's Receipt
13. Bill of loading
14. Marine Insurance
15. Preparation of export invoice
16. Payment
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Kattappa limited of india has received an order from bahubali limited ...
Export Procedure for Kattappa Limited to fulfill the order from Bahubali Limited:
1. Preparation:
- Kattappa Limited needs to prepare for the export procedure by gathering all the necessary documents and information required for customs clearance.
- They should ensure that they have the required quantity of jeans in stock and ready for shipment.
2. Obtain Export License:
- Kattappa Limited must obtain an export license from the Directorate General of Foreign Trade (DGFT) in India. This license is necessary for exporting goods from India to any foreign country, including Sri Lanka.
3. Product Classification:
- The company needs to classify the jeans according to the Harmonized System (HS) code, which is a globally recognized system for product classification. This code will determine the applicable customs duties and other trade regulations.
4. Documentation:
- Kattappa Limited must prepare and gather all the required export documentation, including:
- Commercial invoice: This document includes details of the buyer, seller, quantity, price, and other terms of the sale.
- Packing list: It provides a detailed description of the contents of each package, including the number of jeans, weight, and dimensions.
- Bill of lading: It is a transport document issued by the shipping company, acknowledging the receipt of goods for shipment.
- Certificate of origin: This document certifies the country of origin of the jeans and may be required for customs clearance in Sri Lanka.
- Export declaration: This document is filed with the customs authorities to declare the goods being exported.
5. Customs Clearance:
- Kattappa Limited needs to submit the required documents to the customs authorities in India for customs clearance. The customs officers will verify the documents, assess the applicable duties, and inspect the goods if necessary.
6. Transportation:
- The company should arrange for transportation of the jeans from their warehouse to the port of departure in India. They can choose between various modes of transportation, such as road, rail, or air.
7. Shipping:
- Kattappa Limited should book a shipping vessel or aircraft to transport the jeans from India to Sri Lanka. They need to provide all the necessary shipping details to the shipping company.
8. Insurance:
- It is advisable for the company to obtain marine insurance to cover any potential risks or damages during the transportation of the jeans.
9. Customs Clearance in Sri Lanka:
- Upon arrival in Sri Lanka, the jeans will go through customs clearance procedures in Sri Lanka. Bahubali Limited, the buyer, will be responsible for completing the import formalities and paying any applicable customs duties or taxes.
10. Delivery:
- Once the customs clearance is completed in Sri Lanka, the jeans will be delivered to Bahubali Limited as per the agreed terms and conditions.
In conclusion, Kattappa Limited will follow a comprehensive export procedure to fulfill the order from Bahubali Limited of Sri Lanka. This involves obtaining an export license, classifying the product, preparing the required documentation, clearing customs in India, arranging transportation and shipping, ensuring insurance coverage, and facilitating customs clearance in Sri Lanka. The ultimate goal is to successfully deliver the 10,000 jeans to Bahubali Limited in a
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