I have received one export order from Bhutan customer with CIP terms. as per their guidelines they want material by road. we will arrange transport and send the material from up border. now please explain is there any shipping bill generate or not. what to saw in GSTR-1 return. we will get currency in INR from customer. is there any separate documentation require for this transaction? its LCL shipment.
11 October 2018
Bill of export is generated when goods are exported through land. "Export of Goods" has been defined under Section 2(5) of the IGST Act as taking goods out of India to a place outside India. Thus, taking goods to Bhutan is certainly export of goods. There is no currency restrictions in case of export of goods; which is there in case of export of services.
12 October 2018
You need to follow export procedure. Talk to your Advocate/CA for detailed procedure. Bill of Export shall be filed at the custom station on Bhutan Borders.
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