I (Meaning and importance of Exports) Unit Structure

3) Dispatch of documents 
– 
Before the transmission of documents for negotiation the 
bank examines them thoroughly with reference to the terms and 
condition of the buyer‟s order, L/C and the laws relating to foreign 
exchange control. It after scrutiny, the documents are in order, the 
bank dispatches them to its overseas branch / correspondent as 
early as possible. 
4) Declaration of Export 
– 

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Every exporter before export of goods outside India should 
furnish in prescribed forms such as full value of export of goods, if 
the full value is unascertained at the time of exports, the prevailing 
market value or the value which will be realized. 
5) Declaration Forms 
– 
 
The main declaration forms are as follows: 
a) G R Form: G R Form is exchange from submitted to customs 
authorities at the port of shipment. 
b) D P Form: Exports to all countries other than Nepal and 
Bhutan by parcel post be declared on P P Form, which is 
prepared in duplicate. At first, this form must be presented to 
the bank for counter signature. 
c) VP/COD Form: This is used in case of exports to all 
countries by parcel post under arrangements to realize 
exports proceeds through post either by value payable post 
system or cash on delivery system. 
CHECK YOUR PROGGRESS: 
1. Define the following terms 
a. Custom house agents 
b. Marine insurance 
c. Negotiation of documents 
2. Enlist the points explaining the role of Custom house. agents 
3. Explain the following points of shipping and custom 
formalities: 
a. Submission of documents 
b. Storing the goods in sheds 
c. Obtaining Let ship order 
d. Loading of goods 
e. Obtaining Bill of loading