Question
Describe the process of preparing goods for exports and their transit to the port of shipment along with documentation formalities.
When an exporter receives an export order he has to make a lot of efforts to organise the activity if he is a manufacturer exporter he sends a delivery note alongwith the copy of export order which give the quality, quantity, specifications, marking, labelling, inspection details to the production department simultaneously ties up the raw materials practising materials. A merchant exporter starts procurring the goods through reliable vendors as per the given specifications.
Then the goods are ready for packing a pre-shipment inspection is carried out by the Export Inspection Agency on receipt of notice along with technical specification, which in turn issues a certificate of Inspection in triplicate, and then the goods needs to be cleared by the Central Excise Authorities, who on receiving the application for excise inspection and issue certificate on form __ _________ _________ _____________ ____ _____________ _______ ____ _____________ ___ __ ___________ ______.
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FOB and CIF contract
Voyage charter and Time charter
Describe the process of preparing goods for exports and their transit to the port of shipment along with documentation formalities.
Central Excise Clearance
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Maritime perils are same as Extraneous perils.
Explain the customs clearance via sea along with documentation formalities.
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