Revised formats for Shipping Bill
Every exporter has to undergo and comply with certain administrative and compliance requirements at the time of export of goods from India to another country. The requirements include submission of applications, acquire licenses, furnish certificates/ bonds, payment of taxes/ duties, valuation of goods etc. One of the critical and important ingredient in the whole process is the ‘Shipping Bill’. Shipping Bill is a statistical and documentary evidence of exporting goods from India, which also certified by the Customs authorities. The Shipping Bill is also an important document for other compliances and actions like realisation of export proceeds, application for tax