Bill of Entry Vessel Master or Agent Port o f Shipment Port of Destination Importer’s Name and Address Packages Quantity Description of e ach class of Goods Real Value as per Sea Customs Act Value on w hich d uty is assessed Duty Number Marks Unit Amount Rate Amount Tariff Rate Add Value Amount Rate Amou nt Total Total Duty Commerce - - . . PM . Taking Delivery of Goods Importer takes delivery of goods from the Railway /Carrier after producing the Railway Receipt or Lorry Receipt.
. Settlement of Import Bill The importer settles the import bill in the following ways. a. Importer collects shipping document after payment b.
Importer gets shipping documents after payment of bills of exchange in the case of Documents against payments (D/P) c. Importer gets shipping documents after giving acceptance on bills of exchange in the case of Documents against Acceptance(D/A) Documents used in import trade .Import License (IEC) .Indent .Letter of Credit Import Documents i. Import License ii. Indent iii.
Letter of Credit iv. Bill of Entry v. Bill of sight vi. Port Trust Dues Receipt vii.
Bill Of Lading viii. Bill of Exchange ix. Advice Note India is Major Trading Partners (Imports) Value Rs - in Cr. Rank Country - - - - - CHINA , .
, . Total of Top countries , , . , , . , , .
, , . , . % Share of Top countries . .
. . OTHER COUNTRIES , , . , , .
, , . , , . , . % Share of other countries .
India’s Total Imports , , . , , . , , . , , .
, , . Commerce - - . . PM Exercise I.
Choose the Correct Answer