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Showing posts from May, 2023

AD Code

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What is AD Code ? An Authorized Dealer Code (AD Code) is a 14-digit numerical code provided by a bank with which your business has a current account. You will need to register an AD Code at every port from where your goods are cleared by customs. At the time of customs clearance, your Customs House Agent (CHA) will ask you to provide the AD Code for that particular port. Example of AD Code For example, if an exporter wishes to export your consignment from Nhava Sheva Port, Maharashtra, then the exporter would have to register the AD code at Nhava Sheva Custom port. Without an AD Code Registration, the Electronic Data Interchange (EDI) system, which is a part of the ICEGATE Portal (Customs National Trade Portal) will not allow the shipping bill number to be generated. The shipping bill number is mandatory for customs clearance, and an AD Code is required to receive government benefits directly into your business’s current account. Importance of AD Code in Exports A registered AD Code fo...

ICEGATE

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 One of the most crucial tasks in the business is having proper records and managing the database accurately. Several importers and exporters have a large database containing the files of shipping bills, bill of lading, bill of entry and a number of other documents. ICEGATE is an online portal that helps in managing these records without any hassle. The ICEGATE full form is Indian Customs and Central Excise Electronic Data Interchange or Electronic Commerce Gateway, which has been highly beneficial to a number of importers, exporters, cargo service providers, etc. Every user is provided with a unique ICEGATE ID and their password, which keeps the whole record safe and private. Did You Know? There are more than 7 lakh exporters and importers that are using ICEGATE, which has been beneficial in the smooth running and safeguarding of their business. Currently, there are more than 43542 registered users of this web portal. What is ICEGATE? ICEGATE is termed as Indian Custom and Central...

WHAT IS THE PROCESS OF PORT REGISTRATION FOR EXPORT IN INDIA

 DOCUMENTS REQUIRED FOR PORT REGISTRATION PAN Card of Individual Company  IEC Copy Copy of GST Registration  Aadhar Card Copy of Proprietor (Or) Copy of Individuals if Partnership / Limited Company Adhar Card of Proprietor or Individuals if Partnership/ Limited Ad Code Letter From Bank Forwarding Letter Addressed to Assistant Commissioner of Custom Of Desired Port  Canceled Cheque Authorization Letter to CHA Note: This document is required for a first-time port register for export in India. Below is the required document for the exporter who has done the export and port registration process. Latest Passes S/Bil From Any Edit Port Past Shiping Bill From any Edi Port Balance Sheet of the Previous Year Copy of Last IT Return, VAT, Or Sales Tax Return Filed. GST Returns for the Latest 6 Months

Container Shipping

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Container Shipping What Is Container Shipping? We now understand that container shipping involves loading goods onto standardised containers for seamless overseas and inland transportation. Let us now look at the journey of a container filled with goods from one place to another.  Different Stages in Shipping a Container Container shipping involves a laborious process and documentation to ship freight from one destination to the other. Let us break the cycle into simple stages: Order Placed A client will place an order. The delivery process then involves both the manufacturer and a freight forwarder.  Goods are loaded onto warehouse, factory, or farm containers. They have to be packaged and labelled as per international standards. The container is locked and sealed so the goods can remain secured inside the container. Goods Loaded Then they are loaded onto trucks or trains, which carry them to a port storage facility or a container freight station.  The containers are wei...

International Ocean Sea Freight

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 Air Freight/Air Courier is Reasonable When Ordering Samples The first thing to consider with Ocean Freight is whether you are actually better off shipping via air freight or air courier. There are some significant differences between air freight and air couriers  But the general rule of thumb is that for shipments under 200 kgs or so shipping via some air method as opposed to sea freight is almost always cheaper and far more convenient. Air shipping rates generally range from $5/kg-$10/kg but do not have the same high fixed costs common with ocean freight. How Much Does Ocean Freight Cost? For any shipment over 200 kgs or so, ocean freight is normally your cheapest option. Ocean freight has high base costs but it scales very well. For example, your ultimate cost to ship a 20 kg box via ocean freight may be $300, but for 200 kg you will pay $310, for 2000 kg, $390, etc. For air freight, there is almost no scaling. A 20-kgs box will cost you $100 and a 40-lbs box will cost you ...