Transcript Trade and payment documents

DOCUMENTS
PAYMENT
SHYAM DHAL
DIRECTOR
DEPARTMENT OF CUSTOMS
Customs Offices
Customs
North
South
Total
Main
Sub Customs
10
19 +Airport = 20
30
7
136 +Post office= 137
144
Total
17
157
174
• AGREED ROUTE FOR MUTUAL TRADE TO
INDIA
– 22 ENTRY POINTS (Treaty of Trade)
• TRAFIC ON TRINSIT VIA CALCUTTA
– 15 POINTS (Treaty of Transit)
• BASIS OF CUSTOMS VALUATION
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–
–
–
FOB FOR EXPORT
CIF FOR IMPORT
BUYING RATE FOR EXPORT
SELLING RATE FOR IMPORT
• EXCHANGE RATE APPLICATION : DATE OF
CUSTOMS CLEARANCE.
EXPORT
INDIA
OVERSEASE
IMPORT
INDIA OVERSEASE
CHINA
(TIBET)
INDIA
Local
DRP
In Bond
OVERSEAS
TIBET
BHUTAN
1. Bhansar Pragyapan Patra (BPP)
2. Invoice
3. Packing List
4. Other specific documents, Certificate etc. required by
existing rule
5. Nepal Invoice (In Bond Form)
6. Bi. bi.ni. form no. 4
6. Nepal Invoice
Export
INDIA
OVERSEASE
Export
INDIA
OVERSEASE
1. Bhansar Pragyapan Patra (BPP)
1. Bhansar Pragyapan Patra (BPP)
2. Packing List
2. Commercial Invoice
3. Certificate of origin
4. Commercial Invoice
3. Mode of Payment
4. Packing List
5. Certificate of origin
5. Other specific documents,
certificate, etc
6. Bibini form
7. GSP Form
8. CTD form
9. Other specific documents, certificate, etc
1st Page
2nd Page
1rd Page
Nest Page of Invoice
Front Page
Back Page
INDIA
EXPORT
IMPORT
OVERSEAS
EXPORT
IMPORT
TIBET
EXPORT
BHUTAN
IMPORT
INDIA - EXPORT
• WITHOUT MODE OF PAYMENT
• LETTER OF CREDIT
• DRAFT TT
INDIA - IMPORT
• WITHOUT MODE OF PAYMENT
• LETTER OF CREDIT
– IN DOLLAR FOR CERTAIN
COMMODITIES
– IN INDIAN RUPEES
• DRAFT TT
• ADVANCE PAYMENT
OVERSEAS - EXPORT
• LETTER OF CREDIT (10% deposit &
cheque in favor of Customs)
• DRAFT /TT
• ADVANCE PAYMENT (Issued by Bank)
OVERSEAS - EXPORT
• Cash Against Document (CAD)
– 10% security
– Up to US $ 2,00,000
– Export = overseas
• Back to Back
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–
–
–
Raw material import (CLOTH)
Payment by finished product (garment)
Import from India = o.k.
Export = overseas
• CMPT (Cutting, Manufacturing, Trimming and Profit)
– 35% VALUUE ADD IN fob.
OVERSEAS - IMPORT
• LETTER OF CREDIT
• DRAFT /TT UPTO US$ 50,000
• DOCUMENT AGAINST PAYMENT
OVERSEAS – IMPORT-TIBET
• BARTER (FOR SPECIFIC COMMODITIES)
• CASH US$ 3000
• DRAFT /TT UPTO US$ 50,000 (10%
DEPOSIT)
• LETTER OF CREDIT (10% DEPOSIT)
• CREDIT (10 PERCENT IN CUSTOMS)
BHUTAN – EXPORT/IMPORT
• LC IN INDIAN CURRENCY ONLY
IMPORT LINKS
• FOR CUSTOMS REGULATION
www.customs.gov.np
• FOR FOREIGH EXHANGE REGULATION
www.nrb.org.np