Module IV Dr Jayashri Kulkarni Registration with different authorities Shipping and Custom stage formalities Export Documents Export Procedure and Documentation Pre shipment procedure ID: 1027355
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1. Export MarketinSEM IV Module IVDr. Jayashri Kulkarni
2. Registration with different authoritiesShipping and Custom stage formalitiesExport DocumentsExport Procedure and Documentation
3. Pre shipment procedureQuality ControlPre shipment Inspection4.1Registration with authorities
4. Need of Quality control:To maintain quality standards To maintain exporter's image To ensue further chances of export ordersTo strengthen the image of the countryQuality Control
5. Passed Export (Quality Control and Inspection) Act, 1963-Amended in 1984 as Export (Quality Control and Inspection) Amendment Act, (No. 40 of 1984)Establishment of Export Inspection Council (EIC)A certificate of export-worthiness is to be obtained by Exporter from EIC.The Indian Customs authorities require the inspection certificate issued by the designated agency before permitting the goods for shipment.Measures for Quality control
6. The Central Government by notification in the Official Gazette established itSet up by the Government of India under Section 3 of the Export (Quality Control and Inspection) Act, 1963 To ensure sound development of export trade of India through quality control and inspection and matters connected therewith.Export Inspection Council (EIC)
7. Located at Delhi Headed by a ChairmanThe Executive Head of the Council is the Director of Inspection & Quality Control -- day to day functioning of the Council. The assurance to quality and safety Food Safety management based certification.EIC—contd…
8. Preliminary stagePre shipment stageShipment stagePost shipment stageProcedure for export trade
9. 1.Select product , To make or buy decision2. Registering with authorities—a.IT authorities-PANb. DGFT-IEC no.c. EPC-to obtain registration /membership certificated. Other authorities-FIEO, Salse Tax authorities, Chamber of Commerce3. Appointing agents/distributor in overseas market4.Approaching Foreign buyersPreliminary stage
10. Confirmation of order from ImporterObtaining L/CPre shipment Finance-BankExport License if requiredProduction/procurement of goods/Packing, packagingPre shipment InspectionCentral Excise ClearanceECGC coverMarine insuranceAppointing c & f agent-booking space in ship, preparing documents Pre shipment stage
11. Reserving the space in a ShipShipping documents-Physical examination Of goods at the port-The C& F agent receives carting order, approaches Custom authorities-Let ship orderLoading of Goods—Mate’s Receipt.-cleanBill of lading from Shipping Co.Shipment Stage
12. Dispatch of documents by C&F agent to exporter & importerShipment Advice to importer-name of Shipping Co, Ship, Dt. &Timing to reach. With Bill of lading.Presenting all documents to Exporters BankClaiming Export incentives-DBK,IPRSFollow up of receiving proceeds, Feedback etc.Post Shipment Stage
13. 1.Commercial Invoice/Packing List:Basic documentExporters bill for goods shippedContentsImportant to bothExport Documents
14. Payment from importerQuality control Inspection-Export Insp. AgencyCustom clearance at port of shipmentDocumentary proofTo claim incentives by exporterRecording & filingImportance of Commercial Invoice to Exporter
15. 2.Shipping Bill/ Bill of Export:Custom’s permission for export Used as an application for exportsAs dock challanClaiming dbk , other incentivesExport Documents
16. Free shipping bill: white-----pale pinkDutiable shipping Bill: yellow---pinkDrawback shipping Bill: yellow----yellowShipping Bill for shipment Ex-bond—yellow---yellowCoastal shipping Bill: Types of Shipping Bill
17. Customs ClearanceIncentivesLoading goods in ShipValuation of goods by customsRecording and FilingImportance-Shipping Bill
18. 3.Bill of Lading:Issued by Shipping Co.Contract between Shipping Co. and exporterfor carriage of goodsDocument of title.Receipt issued by shipping Co.Undertaking by shipping Co. to deliver goods at particular destination at particular time.contentsExport Documents
19. Clean BillClaused BillStale BillFreight paid BillFreight Collect BillTo order Bill Straight Bill On Board & Received BillContainer BillTypes of Bill of lading
20. To the Exporter :Legal documentContract for transportationAcknowledgement of receipt of goodsCompensation-goods damaged in transitCalculation of exact amt. of FreightImportance –Bill of lading
21. To the Importer:a. Document of titleb. Semi negotiable documentc. To pay proper freight amountTo the Shipping Co.:To collect freightProtection against false claim of compensationImportance –Bill of lading
22. 4. Consular Invoice;Invoice certified by consulate of Importers country stationed at Exporters country.Important for Importer for customs clearance.Base for calculation of customs duty. No wastage of time in valuation and opening, repacking of goods.Export Documents
23. 5.Certificate of Origin:Certain countries of importers require itIssued by Chamber of Commerce/ Trade Asso. Or any other authorityGoods are manufactured in specific countryContentsExport Documents
24. A. proof of Indian originCustoms clearanceImporter gets quick deliverySpecial concession-tariff, claimed by importerevidence-originalityImportance –Certificate of origin
25. Explain the Pre shipment procedure of Export Trade.What are the formalities under Preliminary stage of export procedure.What are the functions of c & F agent?Write a note on Bill of Lading.Distinguish between Commercial Invoice and Consular InvoiceQuestions
26. What are the contents of Commercial Invoice?Write a note on quality control and inspection.What are important documents prepared under export trade?Write short notes on:Types of Bill of lading, Consulate InvoicePost shipment stageEICQuestions-contd…