What is a Shipping Bill?
Shipping Bill which is also known as bill of export is a document prepared by an exporter or his agent for the purpose of custom authorities to grant permission for exports. Whether the shipment is by air, sea, or road, an exporter cannot load the goods without filing the Shipping Bill which the customs authority…
Read article What is a bill of lading?
A Bill of Lading is a document issued by a Carrier to a Shipper, confirming goods were received in an acceptable condition and are ready to be shipped and delivered to the consignee. Carrier is a person who performs or undertakes to perform for hire, the carriage or part thereof, of goods by road, rail,…
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The difference between the House Bill of Lading and Bill of lading explained
A Shipper (exporter/supplier) of the goods normally hires a freight forwarder (forwarding agent) or Non-Vessel Operating Common Carrier (NVOCC) in order to arrange transportation of his goods to a foreign destination. Once receiving cargo from shipper freight forwarder inspects the cargo to verify that the consignment received by them is without damages. The freight forwarder…
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Interest Equalisation Scheme for Export Credit
The Interest Equalisation Scheme for export credit is available to all MSME exporters under 416 tariff lines under Indian Trade Clarification (ITC)- Harmonized System (HS) Codes of 4 digits and exports made by MSMEs across all ITC(HS) codes. It means all MSME exporters including merchant exporters are eligible for an Interest Equalisation rate from 3%…
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What is Rupee Drawing Arrangement (RDA)?
Above and beyond, normal channels of remittance to India from cross-borders(abroad), there are two more channels for receiving inward remittances, viz. Rupee Drawing Arrangement (RDA) and Money Transfer Service Scheme (MTSS) which are the most common arrangements under which the remittances are received into our country. Rupee Drawing Arrangement (RDA) is a way of transferring…
What is Money Transfer Service Scheme- MTSS?
Above and beyond, normal channels of remittance to India from cross-borders (overseas jurisdiction), there are two more channels for receiving inward remittances, viz. Rupee Drawing Arrangement (RDA) and Money Transfer Service Scheme (MTSS) are the most common arrangements under which the remittances are received into India. Money Transfer Service Scheme (MTSS) is the most common…
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