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also provides various incentives to the exporters for earnings valuable foreign exchange for the country for meeting their requirements for importing modern techno. and essential inputs. Besides the income from export business is fully exempt under the Income Tax Act,1961.Refund of central Excise and Custom Duty on export is also made under the Duty Drawback scheme of the govt.Drawback payment procedures have been simplified. Duty free import of raw materials is allowed under various schemes of Ministry of Commerce.
Replenishments licenses are also available against export of certain specific items. Forex regulations have been substantially liberalized for exporters. Liberal release of forex is made available for travel abroad. Export Credit and Guarantee corporation is overhauling its international operations. Transports subsidy is given for export by air as well by rails. Domestic Cos. have been allowed to bid in any currency. Delhi customs have introduced EDI system of computerized processing of import and export transactions.
Golden
Rules
Preparing
Export
Documents
Export documents have to be prepared for various purpose viz. 1. Declaration of exports as per exchange control regulations of the country. 2. Transportation of the goods. 3. Custom clearance of the goods. 4. Other documents.
2 or 3 originals. All originals are duly signed by the master of the ship or the agent. All the originals are equally valid for taking the delivery of the goods. 1 original is utilized the other originals become null or void. No original copy goes in the wrong hand. Few extra copy of B/L are generally marked as non negotiable copy which cannot be utilized for taking the delivery of the goods.
2) Mate Receipt
It is issued by the chief of vessel after cargo is loaded. It contains name of shipper, place of receipt,voyayge no. , port of loading port of discharge, place of delivery, marks and nos. , container no. , description of good, gross weight. The receipt is of transferable nature It must be presented at the shipping company's office to be exchanged into B/L.
Document for
Other Documents
Certificate of Inspection. Commercial Invoice. Consular invoice Customs invoice. Legalized Invoice. Certified Invoice. Bill of Exchange. Packing List.
Black List Certificate. Weight Note. Manufacturers certificate. Certificate of origin. Language certificate. Certificate of chemical analysis.
Certificate Of
Origin.
Custom Clearance
Declaration of
Dutiable value
Airway Bill
Insurance