Exports

As a part of our B2B Training initiatives, we furnish below some basic information and procedures on the Export Trade.

Definition of Exports:

The trade of selling commodities (goods or services) to a foreign country.

Pre-requisites to becoming an Exporter:

A firm/company needs to:

1. Obtain an IEC (Importer Exporter Code) from the JDGFT (Joint Director General of Foreign Trade).

2. Obtain an RCMC (Registration Cum Membership Certificate) from the related Export Promotion Council based on the product of Export.

3. A Current Account with a Bank (Foreign Exchange Dealer).

Export Incentives:

1. Duty Drawback Scheme

2. Advance Licence Scheme

3. DEPB (Duty Entitlement Pass Book) Scheme

List of Export Documents

    Pre-Shipment Export Documents:

1. Pre-shipment Invoice

2. Packing List

3. GSP – Form ‘A’ [Certificate of Origin]

4. Form SDF [Self Declaration Form]

5. Annexure-I [To claim Duty Drawback]

6. Annexure-II [To claim Duty Drawback]

7. Marine Insurance Certificate

8. Material Test Report from a competent authority

    Post-Shipment Export Documents:

1. Post-shipment Invoice

2. Packing List

3. GSP – Form ‘A’ [Certificate of Origin]

4. Customs Attested ‘Form SDF’

5. Marine Insurance Certificate

6. Bills of Lading [3 originals + 7 non-negotiable copies] (in the case of Sea shipments)

7. Air Way Bill (in the case of Air shipments)

8. Bills of Exchange (1 and 2)

9. Shipping Bill

10. AR-4 Form

11. Material Test Report from a competent authority

12. Purchase Order (copy)

13. Customs Attested Pre-shipment Invoice