IMPORT:
DEFINITION:
The import refers to buy from foreign countries. It iplies tariff, foreign exchange, and shipping. It denotes that the importing country is facing the lack or shortage of goods which is being met by buying from abroad. Imports are financed by foreign exchange.
DOCUMENTS USED IN IMPORTING THE GOODS:
1: Importing license.
2: Performa invoice.
3: Insurance cover note.
4: Letter of credit.
5: Bill of exchange.
6: Certificate of origin.
7: Certificate of measurement and weight.
8: Bill of lading.
9: Mate receipt.
10: Packing list.
11: VBF from 6 - A or 6 - B.
12: Registration certificate as importe.
13: Certificate from the chambers of commerce.
14: Income tax certificate showing GIR.
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