Question

Difference between bill of entry and shipping bill

Answer 1

Bill of entry is a record of goods entered at a customhouse, of imports and exports, specifying the shipper, amount of merchandise, their sort, and place of birthplace or goal. It is issued by the traditions exhibiting the aggregate allowed value and the relating obligation charged on the cargo.

A shipping bill is traditions report utilized where the downside is asserted, for example, on products sent out or on dutiable merchandise transshipped or re-traded from a bonded stockroom. It serves essentially as a measurable record.