08 March 2022
I would like to know about the export paperwork and it's compliances. I want to export cloths and certain rubber mats and some stationary supplies worth 75 lakhs. What paper I would need to do it so.
07 July 2024
Exporting goods from India involves several paperwork and compliance requirements. Here are the general steps and documents you would typically need:
1. **Registration:** Obtain an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT).
2. **GST Registration:** Register under Goods and Services Tax (GST) if applicable.
3. **Export Contract:** Have a clear export contract or sales agreement with your overseas buyer.
4. **Packing List:** Detailing the contents of each package.
5. **Commercial Invoice:** An invoice indicating the goods' description, quantity, value, and terms of sale.
6. **Bill of Lading/Airway Bill:** Document issued by the carrier acknowledging receipt of goods for shipment.
8. **Certificate of Origin:** If required by the importing country to certify the origin of the goods.
9. **Quality Inspection Certificates:** If necessary for certain goods.
10. **Export License/Certificates:** Specific licenses or certificates required for certain goods (e.g., rubber mats).
11. **Insurance Certificate:** Insuring the goods against loss or damage during transit.
12. **Payment Documentation:** Proof of receipt of payment or arrangements for payment.
### Steps to Export:
- **Preparation:** Ensure goods are ready for export, packaging complies with regulations. - **Documentation:** Prepare and arrange all required documents accurately. - **Customs Clearance:** File Shipping Bill/Airway Bill electronically through the ICEGATE portal. - **Post-Shipment:** Submit documents to the bank for negotiation/payment and claim export benefits if applicable.
### Compliance:
- **Regulations:** Follow export regulations of both India and the importing country. - **Customs Procedures:** Adhere to customs procedures for clearance. - **Taxation:** Understand tax implications, including GST and any export incentives.
For specific details and any changes due to recent regulations, it's advisable to consult with a customs broker or export consultant who can provide tailored advice based on your specific products and destinations.