5 required documents for customs clearance? (part 2)
Customs clearance generally requires a lot of documents to be verified and submitted, either electronically or physically with the consignment.
Documents to be submitted to customs depend on the type of goods being shipped. The rules regarding customs vary depending on the country of origin and the country of destination.
Let’s look at the second part of documents that are common to all countries:
6- Bill of lading
Bill of lading is a document from the carrier to the shipper/exporter/supplier. It is evidence of the contract for movement of goods described by the carrier.
7- Bill of sight
It is a declaration from the supplier or exporter to the customs department where the receiver is unsure of the type of goods being shipped. The bill of sight document permits the receiver of goods to inspect them before making duty payments. With the bill of sight, the exporter also needs to submit a letter that allows clearance of goods by customs.
8- Letter of credit
The letter of credit is issued by the importer’s bank informing that the importer or the consignee will honour the payment to the exporter /consignor/shipper of the sum specified to complete the transaction.
9- Bill of exchange
Bill of exchange is similar to a promissory note that can be drawn by banks or individuals. It is a substitute payment option where the importer is to clear payments for goods received from the exporter either on-demand or at a fixed or determinable future.
10- Export license
A business can get an export license from the licensing authority and permit is issued by the Chief Controller of Exports and Imports.
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