Some Important Terms and Abbreviation for Export-Import Business


There are many terms and abbreviations 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


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