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objectivesafter studying this unit you should be able to 1 explain the need for procedural formalities of export incentives2 describe the
port procedures export cargoes can be brought into the port only after the ship has been all owned a berth and declared for loading some port
procedural formalities the shipping bill and the other documents are submitted to the custom house as soon as the rotation no has been given to the
documentary requirementsfor movement of goods by air or by sea the customs permission for shipment is given on a prescribed document known as
customs clearance stages there are four stages of customs involvement these are1 processing of documents at the customs house ie the main office this
legal framework section 50 of the indian customs act requires the exporter to file a declaration in a prescribed form and submit supporting
customs clearance formalities under section 40 of the indian customs act an overseas carrier cannot permit loading of goods without permission from
exemption under bond under rule 13 the procedure under this rule is similar to the one under rule 12 except that under this rule appropriate bond is
procedural formalities let us now discuss various procedural formalities of excise rebate refund procedure under rule 12the authorities involved in
excise rebate policy the scheme under which the central excise exemption or refund is provided is popularly known as rebate of central excise this
central excise formalities it is a common practice all over the world that the exports are not to bear the burden of indirect taxes export goods are
stages of shipment for effecting shipment from ports in india the exporter generally through his clearing and forwarding agent has to comply with
introduction you have learnt in unit 11 the process procedures and documentation formalities in preparing goods for exports as well as movement of
objectivesafter studying this unit you should be able to1 explain stages involved in export cargo shipment2 discuss the policy for central
document for claimsthe claims on the insurers should be submitted duly supported by the following documentsi original insurance policy or certificate
filing claims the insured will file claim with the insurance company after meeting the aforementioned requirements the insurance company is
responsibilities of the insured it is the duty of the insured or his agents in all cases to take such measures as may be reasonable to avert or
insurance claims when there is a loss the insured is to proceed to claim the loss recovery from the insurer the cardinal principle about insurance
open policy also known as floating policy it has much in a common with the open cover this policy benefits clients with substantial turnover and a
open cover open cover is an insurance arrangement designed specifically to the need of those firms which have substantial importexport turnover and
specific voyage policy a voyage policy covers the risks that may arise during a journey from specific place to another the terms and conditions of
recoverable expenses an insurance company will pay expenses incurred by the insured for recovering loss for preventing it to the cargo this is
exclusion clauses notwithstanding the vast range of perils covered under the contract of cargo insurance insurance cover is not provided against a
coverage and institute cargo clause generally these perils are grouped in categories depending on the types of cargo policies which exclude war and
particular loss there are two types of partial losses as explained belowgeneral average sometimes a ship owner either sacrifices some cargo the ship