Caps lock

Trend lock
SUMMARY:
Name of the company is Caps Lock located in hyderabad. Company deals with bags and
garments export and imports watches, diamond between asian countries. There are certain
documentations need to be followed.

EXPORT:
An export of a good occurs when there is a change of ownership from a resident to a
non-resident; this does not necessarily imply that the good in question physically crosses
the frontier. However, in specific cases national accounts impute changes of ownership
even though in legal terms no change of ownership takes place (e.g. cross border
financial leasing, cross border deliveries between affiliates of the same
enterprise, goods crossing the border for significant processing to order or repair). Also
smuggled goods must be included in the export measurement.
EXPORT COUNTRIES:

(Sri lanka, malaysia,china) we have tie ups with few foregin companies in those
countries and we have sub braches in those countries, with the help of SAARC and
WTO we could able to find our foregin customers. Before getting into contract with
clients we make sure that all the following procedure and terms should be fullfill with
their free consent and lawful objective.

PROCEDURE:
exporter has to submit shipping bill for export by sea or air and bill of export for export
by road.
Relevant documents i.e. copies of packing list, invoices, export contract, letter of credit
etc. are also to be submitted.
DECLARATION:
Declaration in case of export of goods under claim for drawback.
Declaration in case of export of goods under DEEC scheme.
Declaration in case of export of goods in anticipation of issue of advance license.
Declaration for consignment covered by AR-4 pending weighment at docks.
DOCUMENTS:
Four copies of commercial invoice.
Four copies of packing list.

 Certificate of origin.
Insurance policy
Letter of credit.
Declaration of value.
GR/SDF form prescribed by RBI in duplicate

BILL OF LADING:
As a document of title, it is a certificate of ownership that allows a holder or consignee to
claim the merchandise described.
As a receipt of goods, it is issued by the carrier to the shipper for goods entrusted to the
carriers care for transportation.
As a contract of carriage, the bill of lading defines the contracts terms between the
shipper and his carrier.

SHIPPERS EXPORT DECLARATION FORM:

IMPORT:
Section 2(23) of the customs act ,defines import , Import means bringing into
India from a place outside India.
IMPORT COUNTRIES:

(europe) we import watches and diamonds from europe by following certain

procdure. We could able to track the importer with the help of middle men, before
entring into contract we verify each and every document carefully and make sure
that customs department shouldnt restrict for import good.

RESTRICTED IMPORT:
Import of agriculture
Food adulteration Act

 Restricted old motor cars

Canalized import
PROCEDURE:
Preliminary formalities
Trade enquires
Getting pro forma invoice
Obtaining import license
Placing the order
Placing the indent
Opining later of credit
Getting document of titles
Receiving advice note
Making payment
Receiving documents of title
Clearing of goods
Getting delivery order
Payment of custom duties
IMPORTENT DOCUMENT IN IMPORT TRADE:
Import license (if required)
Indent
Letter of credit
Bill of Entry
Bill of sight
DOCUMENT TO BE SUBMITTED BY IMPORTER:
Invoice
Packing list

 Bill of lading
Delivery order
Copy of license attested

Insurance

policy
CONFIRMED L/C:

FINAL LETTER
OF CREDIT:

LETTER OF CREDIT:

Whenever we entrer into contract we make sure that client trust worthy, if he is a
new customer in that case we make the payment through L/C(letter of credit)
where two banks of both the countries will take responsibility in making the
payment on time.

FORMAT:
Computation of assessable value of goods

Price of machine,diamond,watches
Air freight paid
Transit insurance
Cost of development work in india
Agents commission
Exchange rate applicable

$ 10000
$ 2500
not ascertainable
Rs.40000
Rs.10000
1$=Rs.62

Compute the assessable value and the custom duty payable of the machine imported
by m/s export India pvt. Ltd.

Cost of machine,diamond,watches
$30000
Importer sent goods for manufacturing 0f machine
Rs.300000
Design and development charges
$9000
Packing charges
$2000
Transportation and insurance
$4500
importer paid commission to his agent to settle the price of machine
$1000

Importer paid brokerage to agent of exporter

Rs.100000

1 $=Rs. 62(notified by the board ) 1 $=Rs. 62.50(notified by the R.B.I.)

Info. 1.Basic custom duty @ 10 % ,additional custom duty @10%,edu. Cess @3%
SAD @ 4%