Procedural formalities - customs clearance , Marketing Research

Assignment Help:

Procedural Formalities : The Shipping Bill and the other documents are submitted to the Custom House as soon as the Rotation No. has been given to the carrier. As soon as the documents are filed in the Custom House, the Receiving Clerk will stamp the Shipping Bills with date and time and number them according to their category. The Shipping Bills involving foreign exchange will be sent to the Appraisement Section where they are allotted to Appraisers and Examiners for scrutiny and giving examination order. While the Appraisers will examine the Dutiable and Drawback Shipping Bills, Free Shipping Bill will be examined by the Examiners.

The verification of the Shipping's Bills will be carried out with reference to value and quantity of goods, export licence/quota/permit, compliance with other statutory requirements, rate and amount of export duty, etc.

After verification of Shipping Bill, the Customs Appraiser /Examiner will give an "examination order" on the Duplicate Shipping Bill. This "order" will enable the customs officer to carry out physical examination of goods in the docks. The "examination order" will also be counter-endorsed by the Principal Appraiser.

After completion of formalities at the Appraisement Section, the documents are given to the GR Form Clerk who puts the Shipping Bill No. on the GR Form 2nd detaches the original to be sent to the 'RBI. Further, where export duty is to be paid, the documents are given to the exporter /agent to pay it at the Cash and Accounts Department. After payment of duty, Shipping Bill (Original) is detached and other documents are given to the exporter/agent. In other cases, Shipping Bill (Original) is retained at the Customs House and other documents given to the exporter/agent for bringing the goods to the shipment shed and make shipment arrangement.

The second stage of customs formalities is to carry out physical examination of goods in the shed. The goods can be brought into the shed only after completing port formalities. Once the goods have been brought in, the exploiter/agent will present the shipping bill to the Custom Shed Appraiser/Examiner along with the Shed Appraiser/Examiner along with the following documents.

i) Invoice,

ii) Packing list,

iii) AR4lAR5 forms,

iv) Agmark certificate (wherever applicable).

The Shed appraiser1Exarniner would carry out physical examination according to the "examination order" given on Shipping Bill (Duplicate). Once this activity is over, the Examiner will give. "Let Export: order on the Shipping Bill (Duplicate) welcome constitutes the physical examination report.

After the physical examination report, the Customs Preventive Officer at the docks gives permission for shipment on the Shipping Bill (Duplicate) in the form of "Let Ship" order. This copy is then presented to the master of the carrier, who then in consultation with the concerned Customs Preventive Officer, commences loading operation.

The master of the carrier, after receiving consignments on board, issues "Mate's Receipt", which is obtained by the exporter or his agent through the Shed Superintendent after paying port dues. The mate's Receipt provides the basis for certification of the "fact of shipment" on those documents where it is needed for claim of export incentives. These documents are AR4lAR5 from, Export Promotion Copy of Shipping Rill, GR (Duplicated) and Commercial Invoice.


Related Discussions:- Procedural formalities - customs clearance

Describe an e-marketing strategy, Question: You are a newly installed m...

Question: You are a newly installed marketing manager in a company selling products in the business-to-business sector in Mauritius. Currently, the company only has a limited

Permitted currencies, Permitted Currencies : The payment in foreign trade ...

Permitted Currencies : The payment in foreign trade may be receptor made in a foreign currency which is freely convertible. A freely convertible currency; IS permitted by the rule

Competing demands for resources, Competing demands for resources- Even thou...

Competing demands for resources- Even though the above student would like to buy a pickup truck on her sixteenth birthday she would rather have a computer moreover has money for on

Basic principles of ecgc operation, BASIC PRINCIPLES OF ECGC OPERATION : T...

BASIC PRINCIPLES OF ECGC OPERATION : There are two basic principles on which ECGC works: i) Spread of risks: An exporter is required to insure all the shipments that may be m

Marketing research firm and consumer attributes , Imagine that you have bee...

Imagine that you have been hired by a well-known marketing research firm. Your supervisor has asked you to use the expectancy disconfirmation model (for review refer to page 318 an

Purpose of review, Purpose of Review The reasons for review of related l...

Purpose of Review The reasons for review of related literature are: 1.To gain a background knowledge of the research topic. 2. To identify the concepts relating to it pote

Statement of the problem in a general way, Statement of the Problem in a Ge...

Statement of the Problem in a General Way: First of all the problem should be stated in abroad general way keeping in view either some practical concern or some scientific or intel

Queuing analysis, RatLand is a large family theme park located in central T...

RatLand is a large family theme park located in central Texas.  Over the years a visit to Ratland has been institutionalized as a prime "have to" experience for children growing up

Abstract construct, What is the difference between abstract construct and c...

What is the difference between abstract construct and concrete variable?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd