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TMI BlogExport related Compliances as required to be adhered by an Exporter for smoother completion of Exports.X X X X Extracts X X X X X X X X Extracts X X X X ..... Export related Compliances as required to be adhered by an Exporter for smoother completion of Exports. X X X X Extracts X X X X X X X X Extracts X X X X ..... duct category. * This enables access to schemes like RoDTEP, EPCG, Advance Authorization, ROSCTL, Duty Drawback, MAI Scheme etc. ✅ 3. Goods and Services Tax (GST) Registration * Exporters need to be registered under GST to: * Claim input tax credit (ITC). * File for GST refunds. * File LUT (Letter of Undertaking) for exporting without payment of IGST. ✅ 4. Letter of Undertaking (LUT) / Bond * For export without payment of IGST, exporters must file an LUT annually with the GST Department. * In absence of LUT, Bond with Bank Guarantee is required. ✅ 5. Classification and Documentation * Accurate HSN classification of goods is vital for: * Claiming incentives. * Proper customs clearance. * Key export ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... documents: * Invoice * Packing List * Shipping Bill * Bill of Lading / Airway Bill * Certificate of Origin * GR Form (for RBI compliance) * Any License / Authorization, if applicable ✅ 6. Shipping Bill Filing * The Shipping Bill is the primary customs document for exports. * It is filed electronically through the ICEGATE portal (Indian Customs EDI system). ✅ 7. Customs Clearance * Exporter must ensure: * Goods are inspected and cleared by Customs Officer. * Any required certificate (e.g. Plant Quarantine, FSSAI, Drug Controller) is in place. ✅ 8. Export Incentive Schemes Compliance If availing benefits under schemes like: * RoDTEP * RoSCTL * EPCG * Advance Authorization Then ensure: * ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Proper application on DGFT portal. * Realization of export proceeds within allowed time. * Timely submission of E-BRC and documents for closure. ✅ 9. Realization and Repatriation of Export Proceeds * As per FEMA guidelines, export proceeds must be realized and repatriated to India within 9 months from the date of export. * Bank Realization Certificate (BRC) or E-BRC is proof of realization, needed for incentives and DGFT closure. ✅ 10. Filing of Export Returns (Shipping Returns) * Periodic filing of returns related to exports, such as: * Export General Manifest (EGM) - filed by shipping line. * DGFT returns - if incentives are availed. ✅ 11. Foreign Exchange Regulations * Comply with RBI/FEMA norms regar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding: * Realization and settlement in foreign currency. * Advance payments, letter of credit terms, etc. ✅ 12. Compliance with Export Quality Standards * Exporters must adhere to: * Product-specific standards (like APEDA for food, EIC for quality inspection). * Labelling and marking norms of importing countries. ✅ 13. Packaging and Labelling Compliance * Follow country-specific regulations. * ISPM-15 compliance for wooden packaging (for phytosanitary reasons). ✅ 14. Anti-Dumping and Export Restrictions * Ensure the product is not restricted/prohibited for export. * Check for anti-dumping duties or export curbs. ✅ 15. Maintain Proper Records * Maintain records for: * GST * Customs filings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... * DGFT claims * Banking documents for a minimum period (usually 5 years) as per customs and DGFT norms. ✅ 16. Other Sector-Specific Compliances * For pharma: CDSCO approvals. * For food/agriculture: FSSAI, APEDA registrations. * For gems & jewelry: Hallmarking, SEZ/Bonded warehouse procedures. 🟢 Optional Best Practices for Smoother Export Flow * Use Digital Signatures for online filings. * Subscribe to ICEGATE for real-time shipment tracking. * Obtain AEO (Authorized Economic Operator) status for fast-track customs clearance. * Stay updated with DGFT Trade Notices and Customs Circulars. Absolutely! Here's a neatly structured Export Compliance Checklist followed by a printable guide version in a clean fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmat - ideal for keeping at your workspace or sharing with your export team. ✅ EXPORT COMPLIANCE CHECKLIST (For Smooth Completion of Exports from India) Sr. No. Compliance Item Details / Action Point 1 IEC (Importer Exporter Code) Apply via DGFT portal. Mandatory for all exporters. 2 DGFT & EPC Registration Register with DGFT and relevant Export Promotion Council. 3 GST Registration Mandatory for claiming GST refund / ITC. 4 Letter of Undertaking (LUT) File LUT to export without IGST. Renew annually. 5 Product Classification (HSN Code) Accurate HSN essential for documentation & incentives. 6 Shipping Bill Filing File electronically via ICEGATE. Includes invoice, packing list, etc. 7 Customs Clearance Coordina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te with CHA; ensure inspection, if required. 8 Export Incentive Scheme Application RoDTEP / RoSCTL / Advance Authorization / EPCG as per eligibility. 9 Realization of Export Proceeds Must be within 9 months (FEMA). Obtain e-BRC from the bank. 10 Filing of Export Returns Ensure EGM is filed by shipping line. Submit return filings for incentive claims. 11 Foreign Exchange Compliance Follow RBI/FEMA rules for currency, LC, advance remittance, etc. 12 Product Certification As required (e.g., APEDA, EIC, FSSAI, CE, ISO, etc.) 13 Packaging & Labelling Compliance Country-specific; ISPM-15 for wooden materials. 14 Check for Prohibited/Restricted Goods Refer to ITC(HS) classification and DGFT notifications. 15 Documentation Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tention Maintain records for minimum 5 years (shipping bills, e-BRC, invoices). 16 AEO Certification (Optional) Apply for faster customs clearance & supply chain credibility. 17 Digital Signature Certificate (DSC) For e-filing on DGFT, ICEGATE, GST portal, etc. 18 Sector-Specific Licenses For pharma, food, gems, etc. Obtain CDSCO, FSSAI, SEZ, hallmark approvals as applicable. 19 Invoice & Payment Terms Clarity Mention INCO terms, banking details, currency, payment timeline. 20 Regular Updates from DGFT / Customs / RBI Subscribe to trade circulars, policy updates, and notices. 📄 PRINTABLE EXPORT COMPLIANCE GUIDE 🧾 Exporter's Compliance Quick Reference Guide (For All Indian Exporters) ✅ Essent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial Legal & Registration Requirements: * IEC (Importer Exporter Code) - Apply via DGFT * GST Registration - Required for refunds and ITC * Registration with EPC - Based on product type (e.g., APEDA, EEPC) * Digital Signature Certificate (DSC) for e-filings * AEO Application (Optional - for supply chain fast-tracking) 📦 Product & Transaction Compliance: * HSN Classification of goods * Country-specific packaging and labeling norms * Quality standards compliance (FSSAI, CDSCO, BIS, etc.) * LUT/Bond filing under GST for zero-rated export * Document checklist: * Invoice * Packing List * Shipping Bill * Transport Document (BL / AWB) * Certificate of Origin * e-BRC (Bank Realization) 🚚 Shipping & C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustoms Compliance: * File Shipping Bill on ICEGATE * Ensure EGM filing by shipping line * Get Customs Clearance (CHA or self) * Record all duty payments or exemptions used * Sector-specific clearances (if needed) 💰 Banking & Foreign Exchange (FEMA) Compliance: * Payment in foreign currency within 9 months * Obtain e-BRC from AD Bank * Maintain export remittance records * Follow RBI rules for advance payments and LCs 🎯 Incentives & Refunds (DGFT/GST): * Apply for RoDTEP / RoSCTL / EPCG / AA * File GST returns regularly for ITC and refund * Submit e-BRC and shipping bill for incentive claims * Track refund status on DGFT and GSTN portals 📚 Documentation & Records: * Maintain organized exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort files (electronic & physical)
* Keep export invoices, shipping bills, e-BRCs for 5+ years
* Archive incentive approvals & DGFT correspondence X X X X Extracts X X X X X X X X Extracts X X X X
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