Procedures to get Consular Invoice for Export Import

How to obtain Consular Invoice for Export Import?

 

Procedures to get Consular Invoice for Export ImportWhat is consular invoice in Import and Export? How to obtain Consular Invoice for Export? Why is Consular invoice required for import and export?

Some of the importing countries insist that the invoice is to be signed by the importin county's consular located in the exporter's country. Such invoices are known as consular invoice. The exporter has to pay a certain fee to obtain the certificate/invoice. Such charges/ fees vary from country to country. The main purpose to obtain consular invoice is to secure authentication of information contained in the invoice. Once the invoice is signed by the consular of the country, the importer gets comfort and confidence in respect of accuracy of information in respect of quality, source of goods, volume and grade.

Normally, on arrival of the importing goods, it is necessary to convince the customs authorities country that the goods stated in the invoice and the actually imported goods are one and the same. If the customs authorities get suspicious or not convinced, they open the packages of the imported goods. if this happens, considerable delay takes place. The importer is put to hardship by delayed receipt of goods. To avoid all these problems, importer insists on the exporter to obtain the consular invoice from the consulate stationed in the exporter's country. The consulate invoice is, generally, prepared in three copies. One copy is retained consulate office, the second copy is sent to the customs of the importing country and the third copy is given to the exporter to forward the same along with other documents through the banker for collection negotiation.

This information also facilitates in assessing import duties and also would be useful for statistical purposes.

This posts explained about Consular Invoice, importance of consular invoice, Procedures to obtain consular invoice, purpose of Consular Invoice in international trade etc. If you would like to add more information about consular invoice, share below your thoughts:

 

 

Types of Insurance Documents.

What happens if overseas buyer not paid export bills discounted.

What happens if proper tracking of goods not effected in export import business?

What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?

What happens, if Bank not received money from buyer after discounting of export bills?

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

How to make DA mode of payment safe

How to make delay in delivery of Shipment?

How to minimize import cargo clearance time? An open logic proposal to WTO

What happens, if cargo not cleared by importer

Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers