Consignment Export

[Asked by Guest]

Experts.. need some insights

If I plan to export on consignment basis, is consignment export valid on multiple buyers or just a single buyer?

Can we export goods to an international warehouse and the 'buyers' pull as per their requirement on Fifo basis?

Thank you

AI Summary

Consignment export rules require trust receipts for document release and bank verification of account sales, with overseas warehouses subject to bank permission.
Consignment exports must be handled through AD Category I banks which must instruct overseas branches to release documents only against a trust receipt/undertaking securing remittance within the prescribed realization period; agents may deduct customary storage and handling costs supported by original receipts, account sales must be verified by the bank, freight and marine insurance must be arranged in India, and exporters may abandon unsold books as a deduction. Opening or hiring warehouses abroad requires AD Category I bank permission subject to eligibility, routing of transactions through the designated branch, time limited approval and recordkeeping.