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Wednesday, March 14, 2007

Exporting foreign and indian currency and other financial documents

Export of Indian and foreign currency,, bank drafts, cheques, National Saving
Certificates are not allowed unless accompanied Export of Indian and foreign currency by permit issued by RBI, unless where such negotiable instruments are sent by authorised dealers in India.

Export of purchases made by foreign tourists is permitted on submission of proof that payment was received in foreign exchange.

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.

३)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 .
.
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

How to export through Post

Speed Up your Parcel - The FAQs

How can delay be eliminated?

􀂄 Ensure that your article is not prohibited for postal carriage
by India Post or export from India. Also ensure that your
article is admissible for import in the country of destination.

􀂄 Certain items are subject to import/export control and must
be accompanied by valid documents. Please check which
document (Certificate of Origin, Invoice, Medical Certificate,
and Import Licence) is required by the destination country.

􀂄 Duly complete Customs Declarations in CN 22 or CN 23.
State detailed description and number of contents. Indicate
separately different kinds of goods. State the value of each
item separately Rupees.

􀂄 Postal Parcels must be accompanied by a dispatch note
CP 71.

􀂄 Pack properly with strong carton boxes; provide complete
address of sender and addressee.

􀂄 Wherever required paste
appropriate Cautionary Labels
(Fragile, Keep Dry, Handle with
Care etc.)

􀂄 Be aware that in case of nondelivery of parcel and when the
item is returned to country of origin according to the sender's
instruction, the sender is obliged to pay the return and other
charges.

You can avail professional advice on all the above from our
PACKPost centres in Chennai.(source : website of Tamilnadu post)

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