If I have bought goods from a seller in India and finally
exported it to some other country, my understanding says
I have to issue form H to seller to get cst exemption.
My question is wether Bill of lading is must to be given
to seller or not bcos if I give bill of lading to the
seller from whom i haave bought material confidential
information will go to seller as bill of lading will have
buyers details...pls guide how to overcome this issue.
Answer / Ravi Shankar
In order to obtain a CST exemption for goods exported from India, you are required to issue Form H (Statement for Export of Goods) to the seller. However, it is not necessary to share the bill of lading with the seller, as the bill of lading contains confidential information about your export consignment and shipping details.
To overcome this issue, you can follow these steps:
1. Obtain Form H (Statement for Export of Goods) and fill in the required details accurately.
2. Provide the necessary documentation to the seller, such as invoices, packing lists, and export declarations, but do not share the bill of lading or any other confidential documents.
3. Inform the seller about your intention to issue Form H for CST exemption and provide them with a copy of the completed form once it has been submitted.
4. If the seller insists on having the bill of lading, consider using an Incoterm that allows you to retain control over the bill of lading until the goods are handed over to the carrier or delivered to the buyer.
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