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Once obtaining the IEC, the very next step for the exporter is to ensure that all the legal compliances are met under the trade laws.
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In India, both imports and exports are regulated under the foreign trade act, 1992, to empower the government to make provision for the development and regulation of foreign trade. As mentioned under the regulation 6 exam, any company planning for export is required to obtain an IEC number from the DGFT. Once obtaining the IEC, the very next step for the exporter is to ensure that all the legal compliances are met under the trade laws.
Also, the exporter needs to register with the ICC - Indian Chamber of Commerce, they issue the non-preferential certificates of origin certifying that all the goods listed for exports are originated in India.
As mentioned under regulation 6 examination here are the required documents for the exporter, =>Commercial Invoice - this is the first document that provides the details about the contents of the goods. As per the experts of Rule 6 exam the exporter needs this document to obtain an inspection certificate.
=>Bill of lading - this document is an acknowledgment that all goods are in the process of shipping or that the shipment is complete. In other words, it is a document that is evidence of the contract of transport.
=>Bill of Exchange - this addressed to the importer to make payment at a fixed or on-demand or determinable future. =>Letter of credit - this document gives more security than a bill of Exchange.
Shipping bill - after preparing all the invoices based on the order, an exporter needs to prepare documents well in time. Here they can also hire a custom house agent or can do it by themselves. As per the experts of Rule 6 exam most of the exporter to make the entire process easier, they hire customs agents who submit this shipping bill. Basically, this shipping bill number generated on the bases of the serial order all over the country,
Here are some other documents which are necessary for obtaining the shipping bill as mentioned under regulation 6 exam, =>GR forms =>Four copies of the packing list depicting contents, the gross and net weight of all the exported packages and the quantity of the packages.
=>Four copies of invoices that contain all details such as numbers of packages, price, quantity, correct specification of goods, etc. =>Letter of Credit =>AR4 and invoice =>Examination Certificate.
If you want to know more about Import-export procedure and for any doubts on regulation 6 examination, you can go with the consultant team of JBS Academy online and chat with them on, info@jbsacademy.com or call them on, 079 -2754 0463
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