Sales in course of export - Central Sales Tax Act (CST), Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com

export shipment in India door to onboard
niku who wants to export coconut
products from India is confused trade
documentation may look lengthy and
confusing to a new entrepreneur to help
her out we shall explain to niku the
various steps in an export shipment from
India we shall proceed step by step
fright forward get in touch with a
fright forwarder fright forwarders are
like ticketing agents for cargo
shipments the mode of shipment of the
cargo can be sea air land or even
multimodal the fright rate is provided
by the relevant freight forwarder based
on the mode of shipment destination port
and the volume of the shipment
pro-forma invoice niku needs to send a
pro-forma invoice to the buyer after the
initial discussion with the buyer it
provides an idea about the prices
quality quantity and description of the
goods to be exported it also lays out
the method of payment mode of
transportation process of packing goods
packing material to be used etc
commercial invoice c.i commercial
invoice is equivalent to any sellers
bill for the merchandise sold commercial
invoice should be prepared by niku after
the confirmation of the export order
ad code registration before filing any
export shipping bill niku or the C HJ s
are required to register with the
customs there ie code and authorized
dealer code number of the bank through
which export proceeds are to be realized
ad called registration is at the port of
shipment by the exporter after issuance
of IEC from DGF t shipping instructions
depending on the nature of the goods it
has to be shipped under specific
instructions some goods could be
perishable flammable corrosive
biohazardous toxic pathogenic or
allergenic so they have to be shipped
under appropriate safety instructions as
per various international conventions
like hazmat IATA fiatter SOLAS etc
shipping instruction is furnished by the
fright forwarder after they are apprised
of the various aspects of shipment
packing list pl packing list contains
item wise list of the package contents
it serves to inform all parties like
transport agencies government
authorities and the buyer about the
contents of the package the same is
referred to in case the customs
authorities inspect the content of a
shipment shipping bill the custom-house
agent CH a will issue a sample shipping
bill after receiving the commercial
invoice CI the packing list PL and other
documents after approval the CH a will
file the shipping bill with the customs
department of
port concerned while niku can file the
shipping bill herself using IC e GAE
portal of customs she may use the
services of a CH a the authorized custom
house agents while starting out the
business the assessing officer in the
export department checks the details
provided and the export ability of goods
under the foreign trade policy and other
laws in force after the let export order
is given by the customs office L the
shipping bill is generated by the system
in two copies that is one customs copy
one exporters copy there is a third copy
that is the EP copy which is generated
later after submission of the export
general manifest egm we shall discuss
them in detail later stuffing or loading
of goods in containers the exporter or
his agent should hand over the exporter
a copy of the shipping bill duly
permitting let export to the steamer
agent who may then approach the proper
officer preventive officer for allowing
the shipment the stuffing of the
container at the dock is done under
preventive supervision of the customs
Bill of Lading the word lading is
derived from an old English word and
simply means loading Bill of Lading is
issued by the carrier vessel after the
goods are loaded it specifies the
details of the shipment and the title of
ownership of the goods which would
depend on the I NCO terms etc bill of
lading is the most important documents
for niku asher has to give it to the
buyer for her goods so that the buyer
may claim the goods
once they reach his place export general
manifest once the ship sails away
shipping lines or its agents furnish the
export general manifest to the customs
within seven days from the date of
sailing of the vessel EGM contains the
list of all items that were loaded or
were present on the ship while it sailed
from the port the egm is the final
confirmation of the physical export of
the goods only post issue of EGM would
the customs consider the sanction of the
drawback claims made against the export
shipment we will discuss about drawback
claims in further videos the above is
the general procedure for export an
important point to note here is that
more augmented procedures exist for
specified schemes details regarding the
same can be got by referring to public
notice and orders issued by the DGF tea
and customs commissioner rates