Import - Export Guideline

 Many different documents are required for international transportation. The most important documents include the shipper’s export declaration, the bill of lading, the commercial invoice, and the packing list. These documents are used to track the shipment, calculate customs duties, and provide information about the contents of the shipment. A packing list is one of the terms that are used a lot in the business world. Undoubtedly, the correct understanding of these terms can be a good guide for us in commercial affairs. In this article, we are going to talk about an international document called a packing list. Table of Contents Types of International Transportation Documents What is a Packing List? How to Prepare a Packing List Tips for Creating an Effective Packing List Conclusion Types of International Transportation Documents In international trade and transportation, there are documents that specify the features and requirements of the cargo. Shipping documents are the most im...

 You’ve heard people talk about how to do the sexy part of exporting—the research, the schmoozing, the travel and all the marketing and sales stuff that people think about when they think about the glamour of international trade. But what I want to talk about is the not-so-sexy part of exporting: the basic export documents required for international shipping. It’s the stuff you need to do—and do correctly—to successfully deliver goods and make money. I’d argue that this not-so-sexy part of exporting is more important than the sexier side but maybe that’s just because it’s what I’ve been focusing on for more than 5 years. With that in mind, here are 11 standard shipping documents for export that you need to understand in order to be successful. Proforma Invoice Commercial Invoice Packing List Certificates of Origin Certificate of Free Sale Shipper's Letter of Instruction  Inland Bill of Lading Ocean Bill of Lading Air Waybill  Dangerous Goods Forms Bank Draft Learn more ab...

 A payment advisory is a money order that the utility issues on its initiative. When a bill is paid in full, the utility sends the consumer a document with the payment amount and the client's bank account information. If the consumer accepts the information on the payment advice, they sign it and mail it to the clearinghouse, giving the customer's bank the dated and signed payment advice, which completes the transaction.  Most firms' invoices are constructed so that consumers return a part of the invoice with their payment, known as payment advice, in countries where cheques are still used. In countries where wire transfer is the most popular means of payment, invoices are frequently accompanied by standardised bank transfer order forms that contain a place where the invoice or customer number can be encoded, generally in a computer-readable format. The payer fills out his account information and gives it to a clerk at his bank, who subsequently transfers the funds.  When...

  What Is the Import Export Code (IEC)? Import Export Code (IEC) is an unique identification number assigned to importers and exporters in India. It is mandatory to maintain IEC registration with the Central Board of Excise and Customs (CBEC) in order to trade in goods and services between India and other countries. To update your IEC registration, follow these steps: Login to the official website. Click on ‘Registrations’ tab. Select ‘Import/Export’ from the main menu and then click on ‘Registration Details’ from the sub-menu. On the ‘Registration Details’ page, under ‘Import Export Code (IEC)’, you will find the ‘Update IEC Registration Form’ link. Click on this link to open the form. Complete all fields on the form and click on the ‘Submit’ button to submit it. Your IEC registration will be updated automatically after submitting the form. Why Do I Need to Update My Import Export Code (IEC) Registration in India? Import Export Code (IEC) is a unique code assigned to a company whi...

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...

 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...

 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