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Mandatory Documents Required For Export And Import Reduced To Three Each

Dated:- 12-3-2015 - India took a leap forward in improving Ease of Doing Business today by reducing the mandatory documents required for import and export of goods to three documents each. The Directorate General of Foreign Trade (DGFT) issued a Notification to this effect today (Notification Link below). The Department of Commerce had set up an Inter Ministerial Committee under the Chairmanship of DGFT in July 2014 to study and recommend ways to reduce the number of mandatory documents required .....

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ange Control Form (SDF) by incorporating the declaration in the Shipping Bill (for exports) and dispensing with the Foreign Exchange Control Form (Form A-1) (for imports). Customs have also agreed to merge the Commercial Invoice with the Packing List and have issued a Circular for accepting Commercial Invoice cum Packing List that incorporates the required details of both the documents. The exporters and importers, however, have the option of filing separate Commercial Invoice and Packing List a .....

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g/ Airway Bill 2 Commercial Invoice cum Packing List Commercial Invoice cum Packing List 3 Shipping Bill/ Bill of Export Bill of Entry It may be recalled that India ranked 126 in Trading Across Borders component of Ease of Doing Business , out of 189 countries ranked by the World Bank, in its 2015 Report. The ranking methodology adopted by the World Bank for Trading Across Border takes into account the number .....

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