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SAP GTS Export Terminology
SAP GTS Export Terminology
Labeled correctly to ensure that the product is handled properly and arrive on time and
at its desired destination.
Packing List :
Packing List gives the packing details of goods in a prescribed
format. It is a very useful document for customs at the time of
examination and for warehouse keeper of the buyer to maintain a
record of inventory and to effect delivery .
Certificate of Inspection :
Certificate of inspection is required by some importers and countries
in order to get the specifications of the goods shipped attested . The
attestation is usually performed b
y a government agency or by independent testing organizations.
Bonded Warehouse :
A bonded warehouse is a building or other secured area in which
dutiable goods may be stored, manipulated, or undergo manufacturing
operations without payment of duty.[1] It may be managed by the state or by private enterprise. In
the latter case a customs bond must be posted with the government. This system exists in all developed countries of the
world.
Certificate of manufacture
A statement (often notarized) in which a producer of goods certifies that manufacture has been completed and that the
goods are now at the disposal of the buyer.
Duty :
A tax imposed on imports by the Customs authority of a country.
Duties are generally based on the value of the goods (ad valorem
duties), some other factor such as weight or quantity (specific duties),
or a combination of value and other factors (compound duties).
Pro-forma invoice
An invoice provided by a supplier prior to the shipment of goods,
informing the buyer of the kinds and quantities of goods to be sent,
their value, and other details (weight, size, etc.)
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