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Wednesday, March 14, 2007

Some more information on Export and Import of goods for business purpose through Post

If you are selling and buying through Post. You require an Importer Exporter Code (IEC) for carrying out import or export activity. You can download Application Form from the DGFT website. It is very simple process and you get electronically IEC code.

You should be aware about the procedure followed in the country of Import. You should clear from your buyer whether the goods indented for export are not prohibited and what are import duty and domestic tax are charged in the foreign. Some time you have to give additional documents which can be presented by your buyer to their Government agencies.

In case of Post Parcel, no Shipping Bill is required. The relevant documents are mentioned below:
1) Customs Declaration Form - It is prescribed by the Universal Postal Union (UPU) and international apex body coordinating activities of national postal administration. It is known by the code number CP2/ CP3 and to be prepared in quadruplicate, signed by you.

2) Dispatch Note, also known as CP2. It is filled you to specify the action to be taken by the postal department at the destination in case the address is non-traceable or the parcel is refused to be accepted.

рей)Commercial invoice – Value declared in the Invoice Issued by the you to your buyer has to be fully realized. You should declare fair value. This value is subjected by Customs Acceptance

4)Packing List - It shows the details of goods contained in each parcel/ shipment.

5)Certificate of Inspection - It shows that goods have been inspected before shipment .
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6)Weight Note - Required to confirm the packets or bales or other form are of a stipulated weight.

7)Manufacturer's/ Supplier's Quality/ Inspection Certificate-.
Manufacturer's Certificate - It is required in addition to the Certificate of Origin for few countries to show that the goods shipped have actually been manufactured and are available.

8)Certificate of Chemical Analysis - It is required to ensure the quality and grade of certain items such as metallic ores, pigments, etc.

Certificate of Shipment - It signifies that a certain lot of goods have been shipped.

Health/ Veterinary/ Sanitary Certification - Required for export of foodstuffs, marine products, hides, livestock etc.

9)Certificate of Conditioning - It is issued by the competent office to certify compliance of humidity factor, dry weight, etc.

10)Antiquity Measurement - Issued by Archaeological Survey of India in case of antiques.

The Postal department has limitation regarding acceptance of parcel for International dispatch.
Prescriptions regarding the minimum and maximum sizes of the parcel with its maximum weight.There is variation in total weight which can be allowed as per country of export. The postal department can guide you to exact allowance. Generally;

Minimum size: Total surface area not less than 140 mm X 90 mm.
Maximum size: Lengthwise not over 1.05 m. Measurement of any other side of circumference 0.9 m./ 2.00 m.
Maximum weight: 20 kg usually, 30 kg for some destinations

3 comments:

Shiva said...

I am not sure, but some friends mentioned to me that there is no requirement for PP/GR/SDF form is the value of export is less than USD 500.

Only a Airway Bill Slip or Postal Slip is required by your bank along with a copy of Shipping Invoice (this also need not be attested by customs) for issue of FIRC.

If some one can enlignteen more on this it would be great.

Regards,

Shiva

Shiva said...

Is it necessary for small value exports to get the congignment checked by Customs.

If one has IEC & money is received through proper banking channel will not the Postal Slip suffice.

Global Tax Guru said...

There is no hard and fast rule that small export cargo should not be examined.
The customs authority have to ensure that no smuggling take place through parcel.Many frauds are committed through Postal,which no government will allow.

Postal slip is required as proof for import of goods by the Banks / money dealer as per RBI manual.

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