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Showing posts from December, 2020

Import General Manifest should be file before arrival of shipment

In India it is now mandatory should file the IGM (Import General Manifest) before arrival of shipment by the issuing carrier/agent of AWB or Bill of Lading . The importer or his authorized agent can file the bill of entry & proceed to complete custom clearance formalities & get the release of cargo.  Once after arrival of goods the carrier files details of cargo about shipper , consignee ,port of origin,port of destination,number of packages, kind of packages, description of goods,weight, airway bill or bill of lading number and date, flight or vessel details etc.with customs department. In some countries, the IGM can also be filed before arrival of goods. Now a days IGM details electronically linked with export general manifest(EGM) of origin port. However if any short shipment arrived such electronic linking can not be considered to file import documents for importer or his authorized freight forwarder .  In India if unable to file the IGM before arrival of shipment ...

AD CODE REGISTRATION

An AD Code is a 14-digit code, which is given by the bank where the exporter maintains a business current account. This code, printed with the bank letterhead, can be obtained  after the exporter has registered for an Import Export Code (IEC) by the Director General of Foreign Trade (DGFT) . It has lifetime validity. On Shipper Letter head  Date :  To  The Manager  ( Bank name & address) Sub: Request for issue of AD code of the bank Ref : Current Account Number----- Dear sir/madam We are maintaining   a current account bearing number ----in your bank at --- branch.  We are in process  of exporting some goods to a reputed foreign client of ours this month. Therefore, we have to submit AD code along with other details to custom department at----for registration. Hence, we are requesting you kindly provide the AD code in the form of a letter issued to Commissioner of Customs at ------- The importer exporter code ( IEC) of company...