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Hike Export Documentation Requirements, In addition to a commercial invoice, your export documentation should contain information on your country of origin and a license for exporting your goods. You should also include a Pro Forma Invoice and a Destination Control Statement. This article will review the requirements of these documents. Here are some of the most common types of documentation:
Export license
A license to export goods is a necessity for importing and exporting restricted items and services from India. The export license includes requirements such as the quantity and description of the goods, minimum import and export prices, and the duty paid for the import and sale of the items. These licenses can be issued for a limited time or can last for a long period of time. In some cases, you may also be required to file additional paperwork like value addition certificates.
Purchase order
When you are ready to export a purchase order, you must first select a document type for export. In Hike, you can export purchase orders as DOCX, PDF, or SOV file formats. To export purchase orders to one of these formats, you must set the exporting permissions for the users who will be viewing the file. In the drop-down list for export permissions, click the ‘Allow users to view SOV items’ option.
Pro Forma Invoice
A proforma invoice is a pre-sale document that outlines the goods and services a seller promises to deliver. It is sent out before work has been completed or goods have been delivered, so it serves as a preliminary agreement between the seller and client. Its importance lies in its ability to give prospective clients an idea of what to expect in terms of cost. The following are some tips for generating proforma invoices.
Destination Control Statement
The Destination Control Statement (DCS) must appear on all commercial invoices. It is recommended that you place a DCS on applicable drawings and intangible items as well. Exporters must be careful to follow the law. Listed below are examples of when it is necessary to include a DCS. In addition to commercial invoices, the BIS recommends including a DCS on quotes and pro forma invoices.
Electronic Export Information Filing
If you’re thinking of exporting goods to other countries, you’ll have to file electronic export information, or EEI, with the appropriate agency. The United States government requires export information if your export shipment exceeds $2500. Exports of goods are required to be declared under a unique number known as the “Shipment Reference Number.” This number is unique to your shipment and must be kept confidential. If you do not file your EEI on time, you could be penalized.
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