TaxTMI 
TaxTMI 
Mention of correct description in the Shipping Bill
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....ll. Attention is invited to Public Notice no.42/2010 dated 07-04-2010 issued by the Chief Commissioners Office Mumbai Zone-II regarding information to be furnished by Importers/Exporters for assessment purposes. 2. One of the essential requirement for ensuring correct classification and valuation of goods is the quality of data furnished by the importers and exporters. The declared description s....
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....bjection leading in delay in clearance of consignment for export. Number of times, the exporters claim EPCG benefit also but in the absence of specific description it becomes difficult to verify whether the exported goods comply with the requirement of EPCG Licence, like against import of Embroidery Machines whether export of embroidered fabric has been made or not. ii) Normally, the value of fa....
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....and dupatta is being exported where one of the fabric is not embroidered. 4. In view of the above mentioned issues, it has been decided that in order to improve the data quality and to ensure determination of correct value and speedy clearances, all Exporters and CHAs are advised to follow the below mentioned guidelines in case of export of fabrics. (i) Instead of generic description, the speci....
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....rately. However if a set of fabric like Salwar, Kameez and dupatta is being exported, in that case a combined value for full set may be declared. (iv) Quantity of embroided and non-embroided fabrics should also be declared separately. (v) For the purpose of claiming drawback or DEPB, relevant RITC/Drawback Sl.No./DEPB Sl.No. shall also be given. 5. Similarly, for the DEPB/Drawback entries whe....