WHAT IS EP COPY & EC COPY OF SHIPPING BILL:

THE EXPORTER FILES NECESSARY EXPORT DOCUMENTS WITH CUSTOMS LOCATION WHERE THE CARGO IS MOVED TO BE EXPORTED. AFTER COMPLETION OF NECESSARY EXPORT CUSTOMS FORMALITIES AT CUSTOMS, EXPORTER COPY AND EXCHANGE CONTROL COPY ARE GIVEN BACK TO EXPORTER. EXPORTER RETAINS EXPORT COPY OF SHIPPING BILL AND SUBMITS EXCHANGE CONTROL COPY WITH THEIR AUTHORIZED BANK. THE SAID EXCHANGE CONTROL COPY IS SENT TO RESERVE BANK BY AUTHORIZED DEALER BANK TO CONTROL FOREIGN INWARD AND OUTWARD REMITTANCE. 

EP  COPY OF SHIPPING BILL: EXPORT PROMOTION  COPY OF SHIPMENT IS ISSUED BY CUSTOMS ONLY AFTER EXPORT TAKES PLACE, MEANS EP COPY OF SHIPPING BILL IS ISSUED ONLY AFTER GOODS MOVED OUT OF COUNTRY.

AFTER MOVEMENT OF GOODS OUT OF COUNTRY BY SHIPPING CARRIER EITHER BY AIR OR SEA, THE CARRIER FILES EGM (EXPORT GENERAL MANIFEST) WITH CUSTOMS MENTIONING DETAILS OF GOODS MOVED AS PER SPECIFIED FORMAT. EGM FILLING IS LEGAL AND MANDATORY REQUIREMENT AS PER CUSTOMS RULES. THE DETAILS OF VESSEL OR AIRCRAFT IN WHICH THE CARGO MOVED. SHIPPING BILL NO. AND OTHER DETAILS ARE MENTIONED IN THE EGM. ONCE AFTER FILLING EGM BY CARRIER WHO CARRIED GOODS, THE EXPORTER OR HIS CUSTOMS HOUSE AGENTS APPROACHES CONCERNED CUSTOMS OFFICIAL TO RELEASE THE EP COPY OF SHIPPING BILL. ONCE AFTER SATISFYING ON THE EXPORT OF GOODS MENTIONED IN THE SHIPPING BILL AFTER VERIFYING WITH EGM, THE CUSTOMS OFFICIAL APPROVES AND CONFIRMS EXPORT BY RELEASING EP COPY OF SHIPPING BILL. THIS EXPORT PROMOTION COPY OF SHIPPING BILL IS USED BY EXPORTERS TO PRODUCE AT DIFFERENT GOVT. AGENCIES FOR CLAIMING EXPORT BENEFITS ALONG WITH OTHER EXPORT DOCUMENTS LIKE BL/AWB ETC.