Difference between conversion of shipping bill and amendment of shipping bill

 

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In an export and import trade, the term conversion and amendment is used wrongly by some traders. Let us examine the difference between the term amendment and conversion.

 

  Difference between conversion of shipping bill and amendment of shipping bill copy Normally, the term conversion is used in customs to change shipping documents from one scheme to another scheme. Exporters enjoy various export facilities from different government agencies in many categories. For example, Duty exemptions under Advance license, Duty entry pass book schemes, draw back, advance authorization schemes, Export Promotion capital goods, DFRC etc. are some of the export benefit schemes provided by India Government for exporters. While filing export customs legal documents like shipping bill, the exporter should clearly mention on the documents, under which schemes the documents are filed.


Amendment of shipping bills means changing or correction in shipping bill. Amendment is taken place to correct one more words in any column which does not effect the structure of shipping bill. However, conversion of shipping bills means changing the structure of shipping bill. It can be a change of scheme from one to another or from duty free shipping bills to other mode of shipping bills.


In an amendment of shipping bill, the structure of whole shipping bill does not change where in a conversion of shipping bills the structure of whole shipping bill is changed to another scheme or what ever.


As you know, there different types of shipping bills. Free shipping bills, DEEC/DEPB/DFRC shipping bills, Drawback shipping bills etc. In a conversion of shipping bills, the scheme of shipping bill is converted to another scheme mode. For example, DEEC shipping bill to draw back shipping bill, free shipping bill to DFRC shipping bill, Advance authorization scheme bill to DEEC/DFRC bill etc. The conversion may be effected for one or more schemes together also. For example, conversion of free shipping bill to DEPB and drawback shipping bills etc.

 

 

 

 


The above information is a part of Guide on howtoexport and import 


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Comments


Srinivasa Reddy.B: Working on Indian Customs Exports certification process and I have some doubts about Filing process.Plz help to clarify the doubts. 1.SB Message Document --- > CESS Segment – CESS Serial Number is Mandatory Actually I have sending the Flat file this CESS Serial number is 13. 2.13 is the CESS Act Code and HSCODE is 21069060 – FOOD FLAVOURING MATERIAL. In the response of that flat file from ICEGATE IS Wrong CESS Serial number is 13. Please help for how to provide CESS serial number in flat file for exports in Indian Customs.

Ravi Sharma : We are dong High Sea sales business transaction to some customers. So we need your support on below points: 1.Can we split the invoice and do partial billing to our customer in High sea sales.(Example- our customer placed the PO for 100 units in HSS. Our counter dispatched 100 units from Singapore to delhi. Now our customer want the billing in two or three lots.) 2. Our customer is requesting for hold the goods in bounded warehouse of custom for this. In that case who will apply for bounded warehouse i.e we or our customer. 3. Custom Duty: Can our customer pay the custom duty in two or three lots and can release the goods as per their convenience or he has to pay the duty only in one lot.

Arjun Patel : Sir i want to start my import export business and looking for a suitable product. Help me guide in finding the right product that can be traded in india easily.

Admin: Hi Ravi Sharma, Read all articles about High sea sales in this website

Admin: Hi Arjun Patel, Please read a post in this website, HOW TO CHOOSE EXPORT PRODUCT? http://howtoexportimport.com/How-to-Choose-a-product-for-export-business-17.aspx

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