CSB 5
The main challenge you encounter while engaging in cross-border trade is export documentation and custom clearance. There are various rules controlling India’s exports, many of which you might not be aware of due to the constant stream of modifications. These standards must be known in order to begin with the shipping of cross-border e-commerce shipments.
Once you provide the package’s shipping information, including the Airway Bill number and the invoice, you can ship items up to Rs. 5,00,000 through courier while also receiving GST returns. Earlier in the CSB-II, this was not possible because you were not given the opportunity to mark your shipment as an export.
What is a Courier Shipping Bill?
A change was made to the CSB-II standard to create CSB-V. Commercial shipments under Rs. 5 lakh are permitted to be sent via courier while using CSB-V.
The best option for your e-commerce business needs is CSB-V
You can take advantage of the GST Input Tax Credit for Exports. Send commercial shipments via courier mode in compliance with the governments rules and regulations so that you can get the GST Input Tax Credit.
Advantages
Clear customs easily
Send commercial value e-commerce shipments via courier.
Electronic transmission of data helps in the same day clearance of shipments
Compliance with GST rules and regulations
GST benefits to shippers
Less documentation
Documents that are mandatorily required for CSB shipments
6 digit HSN code
IEC
AD code
Commercial Exports Invoice
IEC
*Please take note that the Courier Regulations established by CBEC, the Customs Act, and other statutory Government Authorities govern courier exports. Exporter will be responsible for ensuring regulatory compliance.