Steps on Customs Import and Export:
Every exportable garment factory has to follow certain policies of the Customs Export Promotion Bureau and the banking sector to run the import and export process. The following are some of the steps that Textile Lab Garments Ltd. has followed since receiving an export order from any foreign buyer company:
Accept Export LC / Sales Contract / Advance Payment from Buyer's Bank after Export Order is confirmed. Collection of P / I from the required raw material supplier as opposed to export order. Export LCT / Sales Contract Deposit in Lien Bank for import of raw material and opening of credit bonds. Obtaining permission for imported goods from B, G, M, E. Imported documents from supplier.
Collection of no-objection certificate by attested by the bank and shipping line against the imported invoice. Discharge of imported goods through entries in the pass book by the prescribed clearing and forwarding agent. Store the goods released by the transport company at the specified place in the factory or in the bond area. Making garments in the factory. Provide booking by specifying the day of cargo shipping along the shipping line mentioned in the export deed.
Inspection by the representative appointed by the buyer at different stages of production and after the garment is made and packed. Obtaining export clearance for export from Export Promotion Bureau. (Only in case of US quota) Delivery of goods according to the booking at the port determined by the episode. Clearing and forwarding agent passes the export document by customs including the goods to the shipping line. Excluding part of the exported goods at the time of export from the goods entered in the pass book in the imported consignment.
Issuance of bill of lading by shipping line after exporting stuffing. Application for Certificate of Origin, Export License / Visa in EPB along with the required documents (Invoice + Packing List + Shipping Bill + Photocopy of Export Credit + Non-negotiable B / L copy) after collection of Bill of Lading. After receiving the required certificates sent to the buyer through express service.
Sending all the documents (export documents) mentioned in the export credit including the bill of lading of the goods to the buyer's bank through Liajun Bank.
Bond license has to be renewed every year by completing customs audit against import and export.
Export Order Received:
The foreign buyer contacts the garment factory directly or through a designated middleman (buying house) and observes all aspects of the overall environment and compliance of the factory and decides whether to order garment making in that factory.
After passing the compliance audit, the company places a purchase order (P, O) for the manufacture or purchase of garments and opens it through a bank (L, C for export) which has transactions with the company.
L, C specifies the total amount of exportable goods and dollars, the date of shipping and the name of the shipping line in the light of which the next step has to be taken.
L / C for import of textiles and accessories:
It is important to open Import L, C, as opposed to Export L, C, as soon as possible after receiving the export order. The country / supplier from which the raw material will be procured can be decided by the buyer or the manufacturing company itself. The matter is determined when negotiating the order from the episode. Import Lent is opened by depositing in the Lien Bank of the export L, C, T manufacturing company. Import L / C, what goods will be imported from which country in general, how long the term of L / C will be, etc. will all be recorded. Import can be for L, C, importable fabric from abroad or any other type of garment accessories.
UD or Utilization Declaration:
After opening Import L, C, the authority has to apply for Utilization Declaration in the Customs Department of B, G, M, E along with copies of L, C, Export L, C and other ancillary papers. After getting clearance from B, G, M, E, A, the next step has to be taken to import the goods. Consumption of garments per unit has to be declared by the organization in proportion to the total demand for garments and other accessories. BGMEA provides utilization declaration subject to necessary tests (samples, markers, packs).
Customs Clearance:
All imported goods are export-free by the export-oriented garment factory, which means that if any goods are imported against the export, duty free facility is provided by the government. Therefore, the customs authorities want to make sure that all the imported goods are used to make export products. All goods entered in the pass book during import are subtracted from the pass book at the time of export.
For this purpose, Export Procedure Realization Certificate (PRC) has to be issued by the bank. In addition, if you want to import fabric or other goods, you have to clear the goods from the customs office after the goods arrive at the ship or at the airport. In this case, the customs department investigates the following matters.
Whether any illegal or harmful goods were imported from abroad. Whether the goods have valid documents. Whether all the rules are being followed according to the customs rules. After the raw materials and other items required for making cloth for making exportable goods arrive at the factory, production is planned according to the export schedule if the quality of the goods supplied is as per the demand. After the garment is made, quality controlled and packed as per the plan, the selected inspection team of the buyer company conducts the final inspection of the garment and on the basis of this report, the agent appointed for shipment of the goods on the specified date arranges for the goods to be transported and shipped.
EPB - EPB Clearance:
The United States has a number of products in place. In case of such garments, quota collection and export clearance has to be obtained from the Export Development Bureau. So that the amount of total exported goods does not exceed the prescribed amount.
The following steps are to be followed in the export process: Garment making, cargo booking, booking approval by shipping line. EXP pass by the bank. Obtaining export clearance from Export Development Bureau. Customs approval. Shipment of goods. Collection of Visa / G, S, P / E, L / C, O from Export Development Bureau. Sending other documents including visa to the buyer. Submit the required documents including goods bill of lading to the bank.
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