Shipping bill compliance requires export, valuation, tax, scheme, shipment and drawback disclosures across prescribed customs copies. Form SB I prescribes shipping-bill disclosures for export goods, including exporter, buyer, transport, foreign-exchange, invoice, cargo and item-level ... Summary
Shipping bill compliance requires export, valuation, tax, scheme, shipment and drawback disclosures across prescribed customs copies.
Form SB I prescribes shipping-bill disclosures for export goods, including exporter, buyer, transport, foreign-exchange, invoice, cargo and item-level value particulars. It requires reporting of export duty, IGST payment or export under bond or letter of undertaking, and relevant GST invoice details. Separate entries apply to EPCG, Advance Authorisation, DFIA, job work, re-export and drawback claims. The form also records container details, exporter or customs broker declarations, supporting documents, customs examination and shipment processing, and drawback verification, sanction and payment particulars.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.