Friday, April 10, 2015

Some Important terms and abbreviation for Export-Import Business

There are many terms and abbreviation are available in export-import Business. Some most common abbreviation as follows:
1. TIN=Tax Identification Number.
2. VAT= Value Added Tax
3. A.W.BILL= Air Way Bill
4. P.S.I.= pre Shipment Inspection
5. H.S. Code= Harmonized System Code
6. IRC= Import Registration Certificate
7. IP= Import Permit
8. L/C= Letter of Credit
9. L.C.A.= Letter of Credit Authorization
10.C/O= Country of Origin
11.EXP= Export Permit
12.B/E= Bill of Entry