Pre-Shipment Inspection, Pre Shipment Certification, Pre Shipment Verification Services all activities are all relating to the verification of the quality, the quantity, the price, including currency exchange rate and financial terms, and/or the customs classification of goods to be exported to the territory of the user Member.
Delhi, India -- (SBWIRE) -- 08/12/2010 -- The PSI rules require that PSI agents verify the Tax Identification Number (TIN) and the VAT Registration Number (BIN) of the importer before processing an import document. If this verification is effective, then there should be improvements in VAT collections at the local level and income tax collections because of PSI. Pre-shipment inspection of goods is carried out in the country of supply to ensure that their quality and quantity meets with contractual requirements.
User Members shall ensure that pre shipment inspection activities are carried out in a non-discriminatory manner, that the procedures and criteria employed in the conduct of these activities are objective and are applied on an equal basis to all exporters affected by such activities. They shall ensure uniform performance of inspection by all the inspectors of the pre shipment inspection entities contracted or mandated by them.
Mindful that such programmes must be carried out without giving rise to unnecessary delays or unequal treatment; Noting that this inspection is by definition carried out on the territory of exporter Members.
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