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A bill of entry is a formal declaration describing goods which are being imported or exported.

The bill of entry is examined by customs officials to confirm that the contents of a shipment conform with the law, and to determine which taxes, tariffs, and restrictions may apply to the shipment. This document must be prepared by the importer or exporter, with many companies hiring a clerk specifically to handle the process of preparing bills of entry. A typical bill of entry includes a description of the goods in the shipment, including details and the quantity of the goods, along with an estimate of their value. Customs officials reserve the right to inspect the shipment to determine whether or not it is consistent with the bill of entry, and discrepancies can be grounds for legal proceedings. Once a bill of entry has been reviewed and the shipment has been inspected, it can be cleared for sale or transfer. If there is a problem, customs may opt to confiscate the goods. Many nations have specific laws about how bills of entry should be formatted and presented. It is important to have accurate documentation, or goods can be held up in customs. This can cause an inconvenience in some cases, and spoilage or destruction of the goods in others; a shipment of fruit, for example, will not hold up through a lengthy retention by customs while details of the shipment are worked out. In addition to a bill of entry, goods may also need additional supporting paperwork. Works of art, for example, may need to be accompanied by certificates of provenance. Archaeological artifacts also need to be accompanied by paperwork indicating that their release has been approved by the government, and describing the purpose for which the artifacts are being moved across international borders. This is designed to prevent the illegal sale and trade in priceless cultural artifacts. Companies keep copies of their bills of entry on record as part of their financial paperwork; they need to be able to track the movement of shipments. These forms are also used by customs officials to track the type of goods being moved over their borders, and in the case of objects with import and export quotas, to make sure that these quotas are not exceeded. This paperwork is also used in the preparation of statistics which are designed to shed light on a nation's economic health and trade balance with other nations.

Scribd WHAT IS SHIPPING BILL?A bill of materials is a list that specifies the parts used to build a product. When acompany produces a product, it must keep track of the materials and components used inits creation. This bill of materials must be included with the product before shipping it toa merchandiser, client, or buyer. Generally, it is included inside the box in which the product is shipped.In a way, a bill of materials is similar to a recipe. Every ingredient used is listed in the bill of materials. Strict record keeping is the key rule to creating a bill of materials, because no item can be skipped. This is largely because the bill of materials can be usedlater to narrow down issues for repairs of a product if necessary. In addition, a bill of materials is essential when ordering replacement parts.For an idea of what information is listed on a bill of materials, it is helpful to look at asample bill of materials for a chest freezer. The chest freezer's components are brokeninto three parts: door, cabinet, and system. Each of these parts also contains a list of materials.For the door, the bill of materials includes a white door gasket, lock assembly, key lock,inner lid panel, outer door panel, plug button, screw washers, panel clips, and insulation.Though this may mean little to a layperson, someone with knowledge of appliances canquickly identify problems and find replacement parts if or when the time comes bylooking at the bill of materials. The freezer's cabinet is next on the bill of materials. Thecabinet's list contains breaker ends, frame, nameplate, temperature control knob,temperature control gauge, screw hinges, breaker corners, hinge assemblies, breaker hinge, screws, owners manual, parts list, touch-up paint, bill of materials sheet, and the panel access.Finally, there is a bill of materials for the freezer's system. The system's bill of materialsincludes the condenser, drier, filter, electrical harness, clip springs, screws, washer heads,grommets, compressor, compressor electricals, starter, overload protector, wiring harness,compressor cover,

ground wires, fasteners, and energy guide. Even the screws are listedseparately by size on a bill of materials, which makes it easier for someone performing y y Export License -- A license issued to exporters by governments to permit them to export certaingoods to certain countries. Such goods may be of strategic importance, or simply in shortsupply, or are controlled to comply with foreign agreements repairs to find the exactreplacement screw needed. y A letter of Credit is Basically a Document issued bybank y G uaranteing a clients Ability to pay for goods orservices. y A bank or finance copany issues a letter of credit on y behalf of an importer or Buyer packing list A document prepared by a shipper and included with a shipment that indicates the numberand items being shipped, along with any information needed by the transportation company inspection involving examination, measurement, testing, gauging, and comparison of materials or items. Aninspection determines if the material or item is in proper quantity and condition, and if itconforms to the applicable or specified requirements. Inspection is generally divided into threecategories: (1) Receiving inspection, (2) In-process inspection, and (3) Final inspection. Inquality control (which is guided by the principle that "Quality cannot be inspected into aproduct") the role of inspection is to verify and validate the variance data; it does not involveseparating the good from the bad. Information to be given on AR-4. The exporter is required to give the following information on the AR-4 form a. running sl. No. of the AR-4 beginning from each financial year; b. scheme under which export has been made, i.e. value based advancedlicensing scheme/ quantity based advanced licensing scheme/ under claim for duty drawback etc.; c. whether the exported goods have been manufactured availing/withoutavailing Modvat credit under Rule 57A; and d. particulars of bond executed or the duty debit particulars as the case maybe. commercial invoice,

A nonnegotiable commcommercial invoice, commercial invoice, ercial instrument issued by aseller to a buyer. It identifies both the trading parties and lists, describes, and quantifies theitems sold, shows the date of shipment and mode of transport, prices and discounts (if any), anddelivery and payment terms.In certain cases (especially when it is signed by the seller or seller's agent), an invoice serves asa demand for payment and becomes a document of title when paid in full. Types of invoiceinclude commercial invoice, consular invoice, customs invoice, and pro forma invoice. Also calleda bill of sale or contract of sale.

Shipping bill

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