Import - Export

the authority to determine the shipments, decides what products to ship and when to ship it and lastly

All goods purchased pass through a receiving department under the direction of the chief purchasing agent. The duties of the receiving department are to unpack, count, and inspect the goods. The quantity received is compared with the quantity shown on the receiving department’s copy of the purchase order. If there is no discrepancy, the purchase order is stamped “OK—Receiving Dept.” and forwarded to the accounts payable section of the accounting

D.(2)- As goods leave the shipping dock, the system generates a bill of lading and associated sales invoice, which is automatically recorded in the sales journal.

Now, because of the limitation of shipping product into the international marketplace, all product shipments for international delivery go out of the receiving dock for the initial leg of shipment by rail. Prior to expansion into the international marketplace shipping had been limited to the shipping department and receiving was limited to the

This prevents entry of foreign pest and/or contagious diseases on imported goods, passengers must declare if they are carrying any food, plant material or animal products or if they have visited a rural area, if one does not comply this will result in heavy fines.

2) The company’s shipment of digital cameras to retailers in various foreign countries are subject to

There are three importation items you must provide for your freight forwarder. They are a copy:

This provide the detailed explanation in terms of the charging costs and fees applied to all the imported items and goods.

Compliance with customs rules and regulations must be followed in order to properly import and export goods. In regards to import regulations the importer of record files the customs entry using the US Customs 7501 form. The importer of record can also file the US Customs release with 3461 form. It is up to the importer to arrange the exam and release of goods. The following documentation is required with entry: bill of lading, commercial invoice and packing list. Another requirement for imports is to have a Customs bond filed to cover the value of the cargo. For export, it is required to submit the shipper's export declaration (SED) through the automated export system (AES). Prior to filing the AES, a booking will be made with the steamship

To avoid the confusion and problems, the shipper should declare the value for the goods on the ocean bill of lading or to exercise the right to declare a higher value and pay higher freight charges. If the shipper wants the number of

It is recommended that we import directly from foreign vendors, so the border tax hits us only when we sell the imported inventory, not when purchase it.

Duty payments must be made in U.S. currency, certified checks, cashier’s checks, or automatic bank drafts such as ACH.

There are many role and variety of objectives of Customs department. First its collect a customs duty on export and import. Second it collect some

A Duty free import facility for service sector having a minimum foreign exchange earning of Rs.30 lakhs in the preceding one / two / three licensing years has been introduced. The duty free entitlement would be 10% of the average foreign exchange earned in the preceding three licensing years for all service sector units barring hotels. However, for hotels, stand-alone restaurant and heritage hotels, the duty free entitlement would be 5% of the average foreign exchange earned in the preceding three licensing years. This entitlement can be used for import of any capital goods including office equipment, professional equipment, spares and consumables. However, imports of agriculture and dairy products would not be allowed for imports against this entitlement. The entitlement and the goods imported against such entitlement shall be non-transferable.

Imports to India are governed by the foreign trade (development and regulation) act 1992 (external website that opens in a new window). Under this act, imports of all goods are free except for the items regulated by the policy or any other law in force. The present, foreign trade arrangements for different commodities are stated in the Exim policy of 2004-2009 (external website that opens in a new window). This policy is announced once every five years with annual supplements coming out every year. It is also known as the foreign trade policy or export import policy. Items on the 'prohibited ' list like tallow, fat or oils of any animal origin, animal rennet and wild animals including their parts and products and ivory cannot be imported. For import of items that appear in the 'restricted ' list you need secure an import license. Imports of items that are enumerated in the canalized list of items are permitted to be imported through