Explain post-shipment stage of export procedure.
Post-shipment Stage:
1. Shipment Advice : On the dispatch of the goods, the exporter sends shipment advice to the importer. Along with it, he also sends the packaging list, commercial invoice and non-negotiable copy of loading.
2. Presentation of Documents : The necessary documents are presented to the bank for negotiation and realisation of export proceeds.
3. Realisation of Export incentive : Various incentive like duty drawbacks, refunds of GST if paid, etc. is given to the exporter by the concerned authorities.
4. Follow up : Exporter has to follow up and find out the buyers reaction on the goods he receives. This concludes the export procedure.