I (Meaning and importance of Exports) Unit Structure

4) Shipping bill for shipment Ex-bond 
– 
It is used in case of imported goods meant for re-exports and 
which are kept in bond. 
5) Coastal shipping bill 
– 
It is used in case of shipments which are moved from one 
port of another by sea in India. It not an export document. 
Generally, the format of shipping bill in case of export by air 
and by sea is more or less the same, except colour of the form may 
be different. 
13.3.3
IMPORTANCE OF SHIPPING BILL
The importance of shipping bill to the exporter can be stated 
as follows 
– 
1) Customs clearance 
– 
Shipping bills is required by the custom authorities for 
clearance of goods. The custom authorities endorse the duplicate 
copy of the shipping 
bill with “let export order” and “let ship order”. 
2) Obtaining Incentives 
– 

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Shipping bill endorsed by the customs enables the exporter 
to obtain export incentives, such as excise refund and duty 
drawback. 
3) Loading of goods 
– 
When the customs preventive officer provides duplicate copy 
of the shipping bill to the agent of the shipping company, 
permission to load the goods or Cargo is given. 
4) Appraising value of goods 
– 
Shipping bill helps the customs to appraise the value of 
goods that are to be exported. 
5) Recording and Filing 
– 
A copy of shipping bill is required by the exporter for the 
purpose of recording and filing for future reference. 
13.4 CERTIFICATE OF ORIGIN 
13.4.1 MEANING
Certain countries require their importers to obtain certificate 
of origin from the exporter, certifying the origin of goods, without 
which clearance of imported goods is refused. This certificate may 
form a part of the commercial invoice itself. This certificate is issued 
by the chamber of commerce or Trade Association or some other 
competent authority. 
Some countries, such as countries in the Middle East and 
Gulf insist an certificate of origin attested by their consulate 
stationed in India. 
Certificate of origin (COO) declares that the goods which are 
being exported are manufactured in a specific country. 
Contents of the certificate of origin 
a) Description, quantity and value of goods. 
b) Number of packages and markings there on. 
c) Declaration by the shipper 
d) Certificate by the issuing authority.