S Invoice Export: Fill & Download for Free

Common Import / Export Documents- There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents, and other international trade-related documents. In processing the export consignment, documentation may be executed in up to four contracts: the export sales contract, the contract of carriage, the contract of finance and the contract of cargo insurance. It is therefore important to understand the role of each document and its requirements in international trade.Commercial Documents- Quotation, Sales Contract, Pro Forma Invoice, Commercial Invoice, Packing List, Inspection Certificate, Insurance Policy, Insurance Certificate, Product Testing Certificate, Health Certificate, Phytosanitary Certificate, Fumigation Certificate, ATA Carnet, Consular InvoiceTransport Documents- Shipping Order S/O, Dock Receipt D/R or Mate's Receipt, Bill of Lading (B/L), House Bill of Lading (Groupage), Sea Waybill, Air Waybill (AWB), House Air Waybill (HAWB), Shipping Guarantee, Packing List (sometimes as packing note)Financial Documents- Documentary Credit D/C, Standby Credit, Collection Instruction, Bill of Exchange (B/E) or Draft, Trust Receipt (T/R), Promissory Note, Government Documents Certificate of Origin (CO), Certificate of Origin Generalized Systems of Preferences (GSP) Form A (or as Form A), Import / Export Declaration Import / Export Licence, International Import Certificate (IIC), Delivery Verification Certificate (DVC), Landing Certificate, Customs Invoice

Those who do not remember the past are bound to repeat it.(Quote by George Santayana)We have several cases of Chartered Accountants who have been found guilty on account of their involvement in crimes, scams, frauds and other illegal activities. Some Chartered Accountants have been debarred from the institute, more who have been suspended and many against whom cases are pending or investigation ongoing.Chartered Accountants who do not learn from the history - the intentional wrongdoing of certain members, the negligence of many others and the ‘I don’t care’ attitude towards the laws, regulations and ethics are bound to repeat it and thus, in turn, will never be successful Chartered Accountants.Here are some cases which we all must know and learn from, what we shouldn’t be doing and what happens when we cross the line.Yakub Abdul Razzaq Memon, 1993The entire country knows about him today - a Chartered Accountant involved in 1993 Bombay blasts. A year before the blasts, he was awarded Best Chartered Accountant of the Year" award from the Memon community of Mumbai and year later, he became the worst Chartered Accountant of the history. So much changed over 365 days!He was young and probably misguided, by his brother, Tiger Memon, who was one of the prime suspects of the terror attacks. Memon financially helped his brother Tiger Memon and Dawood Ibrahim in planning and executing the attacks. Memon handled the funds, funded the training of youths who were sent to Pakistan to learn to handle arms and ammunition, purchased the vehicles used in the blasts, and stockpiled weapons. According to his interview with Newstrack in 1994, he wasn’t aware that his brother was involved in the blasts.[1][1][1][1]What’s the more interesting part of his story is that he became a Chartered Accountant in 1990. During his three years in the profession, he founded the chartered accountancy firm 'Mehta & Memon Associates' with his childhood friend Chetan Mehta, in 1991. In 1992, he parted ways and founded another accountancy firm 'AR & Sons', named after his father. He also formed the export company 'Tejrath International' to export meat products to the Persian Gulf region and the Middle East.[2][2][2][2]S. Gopalakrishnan, Srinivas Talluri, C. Ravindranath, P. Sivaprasad, 2009On 7 January 2009, the founder and chairman of Satyam, Ramalinga Raju, resigned, confessing that he had manipulated the accounts to the extent of 14,162 crores in several forms. While the global corporate community was shocked and scandalised, the Chartered Accountants community was confused how did such a huge fraud escape the auditor's vigilance?On 14 January 2009, Price Waterhouse, announced that its reliance on potentially false information provided by the management of Satyam may have rendered its audit reports "inaccurate and unreliable". It initially seemed like Auditors were also fooled, however, when the following facts evolved in the investigation, it became clear that this couldn’t have been possible without any liaison with the auditors.[3][3][3][3]Three years later after all investigations, ICAI debarred the two audit managers C. Ravindranath and P. Sivaprasad — both employees of Lovelock & Lewes, an affiliate of Pricewaterhouse India. As employees of Lovelock & Lewes, they had performed the statutory financial audit of Satyam Computers between April 2001 to September 2008 on behalf half of Pricewaterhouse India. While Sivaprasad performed the statutory audit for the period 2001 to 2005, Ravindranath did it for the period from 2005 to 2008.[4][4][4][4]Besides, SEBI fined the two erstwhile partners, S. Gopalakrishnan and Srinivas Talluri, who were directed jointly and severally disgorge the wrongful gains of Rs. 13,09,01,664 with interest calculated at the rate of 12 per cent per annum from January 7, 2009, till the date of payment.". They were made to the amount within 45 days. Further, they were restrained from directly or indirectly issuing any certificate of audit of listed companies, compliance of obligations of listed companies and intermediaries registered with SEBI for three years. PWC and all its network entities also faced a ban of two years from issuing audit certificates to any listed company in India.[5][5][5][5]Gaurav Jindal, 2019Recently, the Directorate General of GST Intelligence (DGGI) conducted searches at multiple locations in Delhi, Mumbai, Raipur, Varanasi and Moradabad and unearthed a major scam of fake invoices without the supply of goods by a group of people to defraud the government revenue.[6][6][6][6]And guess what, who was the mastermind of this whole fraud? A Chartered Accountant! Gaurav Jindal who is merely 27 years old, probably trying to earn more than he could have legally, was running this whole racket. They created multiple companies and did fake invoicing. One such exporting firm involved in the racket, GJA Industries Limited, Delhi, was controlled and managed by Jindal. During interrogations, Gaurav Jindal accepted his involvement in this case and was subsequently arrested.They did it by way of encashment of fraudulent ITC availed on fake invoices through IGST export refund rule. Under GST, every person making a claim of refund on account of 'zero-rated' supplies has two options. Either, he can export without payment of integrated tax under Bond/ LUT and claim a refund of accumulated Input Tax Credit (ITC) or he may export on payment of integrated tax and claim refund thereof.They had issued fake invoices of more than 210 crores and thereby passed on and subsequently claimed a refund of the input tax credit of about 50 crores illegally.Other casesThere are many more cases which have unearthed in the recent past and they are growing day by day.Chartered Accountant Arrested In Mumbai For Helping Corporation Pull Off Rs 128 Crore Export FraudChartered Accountant guilty of Loan Fraud Case removed from ICAI Rolls | TaxscanDelhi court grants bail to Hemant Hathi in Rs 8,100-cr bank fraud case involving Sterling BiotechConclusionA good person learns from his own mistakes, a wise person learns from the mistakes of the others. Be wise, especially if you are a Chartered Accountant. Do not be involved in illegal and immoral activities, the karma cycle will bite back someday for sure. If a client requests something illegal, it is wise to recommend them the right thing and if they do not allow you to or ignore your recommendations then refrain from such clients and engagement; lesser money is better than defamation for life.In an attempt to reach higher, earn huge and get fame, many Chartered Accountants have altogether lost their careers. Let’s not be them.PostscriptI bought a product from an E-Commerce website which turned out to be fake. However, that doesn’t mean that the entire website is fake or all its sellers are fake. A few Chartered Accountants have been carrying on illegal and fraudulent activities in the past and even in the present. However, that does not mean that all Chartered Accountants are fraudulent. As much as the general public wants the economy to be clean, we too are striving to achieve the same.Footnotes[1] “I Came Back to my Motherland”: Yakub Memon’s Only Interview[1] “I Came Back to my Motherland”: Yakub Memon’s Only Interview[1] “I Came Back to my Motherland”: Yakub Memon’s Only Interview[1] “I Came Back to my Motherland”: Yakub Memon’s Only Interview[2] Who is Yakub Memon: Here's all you need to know about the 1993 Mumbai blasts convict - Firstpost[2] Who is Yakub Memon: Here's all you need to know about the 1993 Mumbai blasts convict - Firstpost[2] Who is Yakub Memon: Here's all you need to know about the 1993 Mumbai blasts convict - Firstpost[2] Who is Yakub Memon: Here's all you need to know about the 1993 Mumbai blasts convict - Firstpost[3] Satyam scam: All you need to know about India's biggest accounting fraud[3] Satyam scam: All you need to know about India's biggest accounting fraud[3] Satyam scam: All you need to know about India's biggest accounting fraud[3] Satyam scam: All you need to know about India's biggest accounting fraud[4] Satyam accounts: CA institute debars two audit managers[4] Satyam accounts: CA institute debars two audit managers[4] Satyam accounts: CA institute debars two audit managers[4] Satyam accounts: CA institute debars two audit managers[5] Satyam case: Sebi bans PwC entities from auditing listed firms for two years[5] Satyam case: Sebi bans PwC entities from auditing listed firms for two years[5] Satyam case: Sebi bans PwC entities from auditing listed firms for two years[5] Satyam case: Sebi bans PwC entities from auditing listed firms for two years[6] Chartered accountant arrested for GST fraud | Meerut News - Times of India[6] Chartered accountant arrested for GST fraud | Meerut News - Times of India[6] Chartered accountant arrested for GST fraud | Meerut News - Times of India[6] Chartered accountant arrested for GST fraud | Meerut News - Times of India

There are a number of ways of doing this i am aware of (i'm sure there are more), which I will list from least to most sophisticated: 1. cash in your pants - nuff said > Page on scmp.com , i hear diamonds are also a good choice for the discerning official who want to show a trimmer figure in the first class lounge 2. fake purchases abroad through credit card transactions > Special Report - How China's official bank card is used to smuggle money 3. underground banks - institutions or conglomerates of individuals (most famously from the Wenzhou area) which hold large amounts of funds in both RMB and other currencies, and provides the service for a cut, or favors, mostly on a trust/introductions system (they would leverage the interest rate differences as well as specialization with money laundering to(more)