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Question
Answer in brief.
Explain post-shipment stage of export procedure.
Solution
Post-shipment Stage:
(I) Shipment Advice: On the dispatch of the goods, the exporter sends shipment advice to the importer. Along with it, he also sends the packaging list, commercial invoice and non-negotiable copy of loading.
(II) Presentation of Documents: The necessary documents are presented to the bank for negotiation and realisation of export proceeds.
(III) Realisation of Export incentive: Various incentive like duty drawbacks, refunds of GST if paid etc. is given to the exporter by the concerned authorities.
(IV) Follow up: Exporter has to follow up and find out the buyers reaction on the goods he receives: This
concludes the export procedure.
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