PROCEDURE & DOCUMENTS OF CUSTOM CLEARANCE
Indira Gandhi National Open University (IGNOU) has extended the last day of submission of IGNOU Assignments for session June 2020 to 31st May 2020. Candidates who are facing problem in making assignments here is the solution to your problem.
Master of Commerce – M.Com First Year Solved Assignments for July 2019 and January 2020 Admission Cycles
M.COM First Year Tutor Marked Solved Assignment
Course Code: IBO – 04
Course Title: Export-Import Procedures & Documentation
Assignment Code: IBO-04/TMA/2019-20
Coverage: All Blocks
Course Title: Export-Import Procedures & Documentation
Assignment Code: IBO-04/TMA/2019-20
Coverage: All Blocks
IBO – 04 Export-Import Procedures & Documentation Solved Assignment for 2019-20
Q3.) Explain the procedures of customs clearance of export cargo by sea and by air along with the documentation formalities.
Ans: Shipment of cargo is the culmination of the efforts of exporters which he undertook to process, the manufacturer got the pre-shipment quality certification done and pack and mark the consignment transport it to the port or deliver to the clearing and forwarding agent.
The procedure of customs clearance of export cargo are:
> The Shipping Bill and the other documents are submitted to the custom-house as soon as the Rotation Number has been given to the carrier.
> As soon as the documents are filed in the Customs House the receiving clerk will stamp the shipping bills with the date and time and number them according to their category.
> The Shipping Bill involving Foreign Exchange will be sent to the Apptaisment section where they are allotted to appraisers and examiners for scrutiny and giving examination order.
> While the Appraiser will examine the Dutiable and Drawback Shipping Bills.
> Free Shipping Bill will be examined by the Examiners.
> The verification of the Shipping Bill will be carried out with reference to the value and quantity of goods export license/quota/permit compliance with 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 a 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 Number on the GR form and detaches the original to be sent to RBI.
> Further where export duty is to be paid, the documents are given to the exporter/CFA to pay it at the cash and accounts department. After payment of duty, Shipping Bill is detached and the other documents are given to the exporter/CFA. In other cases, Shipping Bill is retained at Customs House, and other documents are 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 the 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 exporter CFA will present the Shipping Bill to the custom shed Appraiser/Examiner along with the following documents:
(a.) Invoice
(b.) Packing List
(c.) AR4/AR5 Forms
(d.) Agmark Certificate, if applicable
After the physical examination report, the customs prevention officer at the docks gives permission for Shipment on the Shipping Bill(Duplicate) in the form of "Let Ship" order.
The master of the carrier, after receiving consignments on board issues "Mate's Receipt" which is obtained by the exporter or his CFA through shed Superintendent after paying port dues.
Documents Required :
Export is possible only with the help of documents for movement of goods by air or seat he customs permission for Shipment is given on a prescribed document known as Shipping Bill. There are four Shipping Bill as under:
1.) Dutiable Shipping Bill/Bill of Export: This is for those goods which attract the payment of duty/cess for exports.
2.) Drawback Shipping Bill/Bill of Export: This applies to those goods which are entitled to the Duty Drawback scheme.
3.) Free Shipping Bill/Bill of Export: These are those goods which do not attract Export Duty and are not eligible for Duty Drawback.
4.) Ex-Bond Shipping Bill/Bill of Export: This applies to these goods which are shipped from the customs bonded warehouse.
The exporter or his CFA has to submit the following documents to the Customs Department for Custom Clearance:
>Shipping Bill in duplicate, triplicate, quadruplicate duly filled, in signed and stamped.
> Declaration regarding the truth of the statement made in the Shipping Bill.
> Invoice Copy.
> GR Form.
> Export Licence, if required.
> Quality Control Inspection Certificate.
> Original contract of exports on correspondence leading to the contract.
> Contract registration certificate.
> Letter of Credit if applicable.
> Packing List.
> AR4/AR5 forms original and duplicate.
> Any other relevant documents.
The procedure of customs clearance of export cargo are:
> The Shipping Bill and the other documents are submitted to the custom-house as soon as the Rotation Number has been given to the carrier.
> As soon as the documents are filed in the Customs House the receiving clerk will stamp the shipping bills with the date and time and number them according to their category.
> The Shipping Bill involving Foreign Exchange will be sent to the Apptaisment section where they are allotted to appraisers and examiners for scrutiny and giving examination order.
> While the Appraiser will examine the Dutiable and Drawback Shipping Bills.
> Free Shipping Bill will be examined by the Examiners.
> The verification of the Shipping Bill will be carried out with reference to the value and quantity of goods export license/quota/permit compliance with 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 a 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 Number on the GR form and detaches the original to be sent to RBI.
> Further where export duty is to be paid, the documents are given to the exporter/CFA to pay it at the cash and accounts department. After payment of duty, Shipping Bill is detached and the other documents are given to the exporter/CFA. In other cases, Shipping Bill is retained at Customs House, and other documents are 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 the 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 exporter CFA will present the Shipping Bill to the custom shed Appraiser/Examiner along with the following documents:
(a.) Invoice
(b.) Packing List
(c.) AR4/AR5 Forms
(d.) Agmark Certificate, if applicable
After the physical examination report, the customs prevention officer at the docks gives permission for Shipment on the Shipping Bill(Duplicate) in the form of "Let Ship" order.
The master of the carrier, after receiving consignments on board issues "Mate's Receipt" which is obtained by the exporter or his CFA through shed Superintendent after paying port dues.
Documents Required :
Export is possible only with the help of documents for movement of goods by air or seat he customs permission for Shipment is given on a prescribed document known as Shipping Bill. There are four Shipping Bill as under:
1.) Dutiable Shipping Bill/Bill of Export: This is for those goods which attract the payment of duty/cess for exports.
2.) Drawback Shipping Bill/Bill of Export: This applies to those goods which are entitled to the Duty Drawback scheme.
3.) Free Shipping Bill/Bill of Export: These are those goods which do not attract Export Duty and are not eligible for Duty Drawback.
4.) Ex-Bond Shipping Bill/Bill of Export: This applies to these goods which are shipped from the customs bonded warehouse.
The exporter or his CFA has to submit the following documents to the Customs Department for Custom Clearance:
>Shipping Bill in duplicate, triplicate, quadruplicate duly filled, in signed and stamped.
> Declaration regarding the truth of the statement made in the Shipping Bill.
> Invoice Copy.
> GR Form.
> Export Licence, if required.
> Quality Control Inspection Certificate.
> Original contract of exports on correspondence leading to the contract.
> Contract registration certificate.
> Letter of Credit if applicable.
> Packing List.
> AR4/AR5 forms original and duplicate.
> Any other relevant documents.
PROCEDURE & DOCUMENTS OF CUSTOM CLEARANCE
Reviewed by Simran
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May 02, 2020
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Reviewed by Simran
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May 02, 2020
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