The information provided here is part of Online export import training guide
How many types of shipping bills are in exports in India?
How many types of shipping bills are there in Exports in India?
Shipping bills have to be filed mandatory for every goods moved for exports.
Shipping bills are filed as per the guidelines of customs department of each country. Before introduction of electronic filing system with customs department, documents are filed manually.
Why different types of shipping bills?
Let us discuss the reason for introducing different types of shipping bills for exports. As you are aware, most of the exports attract different incentives, duty exemptions or other export benefits. In some other types of exports, the exporter needs to pay duty to government of exporting country. Categorizing them at the time of filing documents for export is an easy task for customs to identify easily, under which category of exports fall under – whether duty to be paid, any export benefits availing etc.etc.
Types of shipping bills.
There are four main types of shipping bills in India. Duty free shipping bills, Dutiable shipping bill, Shipping bill under Duty draw back, Ex-bond shipping bills.
Colors of shipping bills:
Before introduction of electronic filing of shipping bills, these types of shipping bills are identified in different colors - Duty free shipping bill in White color, Dutiable shipping bill in yellow color, shipping bill for drawback in Green color and Ex-bond shipping bill in pink color. These colors help all concerned authorities to identify the exports under which type of shipment those export taken place.
Most of the customs locations in India have been introduced electronic filing of shipping bills. Manual filing of shipping bills also takes place in some of the customs locations where in electronic filing facility not available. Under special cases, some of the exports need physical verification of goods and valuation of goods manually. In such cases, customs higher authorities insist to file shipping bills manually to ascertain value of goods than declared value by exporter. In such cases, exporters file manual shipping bills.
I hope, I have explained in easy language about different types of shipping bills in India for exports.
Would you like to share your experience about different types of shipping bills in India for exports?
The above information is a part of Import Export course online
Write below your thoughts on types of shipping bills in India.
Other details on how to import export
How to start Export Business?
How to get Export Orders?
What are the risks and solutions in Export Business?
Click here to know India Trade Classification(ITC)
Click here to know HS code of other product/commodity
Service Tax - Click here to read complete notification under Budget 2014
What is Bank post shipment credit to exporters?
Difference between bond execution and bond acceptance
Consequences of wrong declaration of weight
Customs holds and examination in US import customs clearance.
Types of export containers
Measurement of export containers
Exim Policy of India 2015-2020
MEIS, Merchandise Exports from India Scheme
SEIS, Service Exports from India Scheme
Merge your Commercial Invoice and Packing List for all your future exports
Export procedures and documentation
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Importance of Bill of Lading
Is Airway bill a documents of title?
Is Customs House Agents (CHA ) required to be appointed mandatory?
Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
How does comprehensive policy of ECGC work for exporters?
The role of CBEC - Central Board of Excise and Customs in India.
The role of Export Inspection Agency in Pre-shipment Inspection & Quality Control
The role of Reserve Bank of India
The Role of the International Chamber of Commerce (ICC)
Negotiation procedures and formalities of export bills
Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
OBJECTIVES OF CUSTOMS CONTROL for EXPORT GOODS
OBL not released OBL not surrendered no telex release
Payment procedures in Triangular exports
Who is Stevedores
Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods?
Why demurrage/detention waiver period is required at destination for import