Glossary

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A seller's Wallet keeps track of every shipping transaction they've made on a platform.

Related Glossaries

Dangerous Goods

Dangerous goods refer to certain hazardous goods that the secretary of transportation has recognized as dangerous and are capable of imposing a threat to health, safety, and property while being shipped. Most courier firms ban the shipment of certain items because of the nature of the goods. These items must be carried with extreme caution and must be declared prior to shipment. Some harmful commodities are forbidden from shipping by one or more modes of transportation. Because of their chemical or physical qualities, certain commodities are designated as DG goods. Crackers, gases, flammable liquids, corrosive substances, and so on are examples.

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Buy now pay later

BNPL or buy now pay later allow customers to make a purchase and defer payment to a later date or split it into multiple installments.

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Shipping charges

The shipping charges or total shipping cost comprises of the following components - freight cost (extra charges for RTO could be added under this head), cod collection charges, fuel surcahrges any other additional fee (this varies from courier to courier and can increase detrimentally on case hidden charges or costs are added)and GST (18% according to previaling norms)

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E way bill

The EWay Bill is a digital document that must be created on the eWay Bill Portal for the movement of goods. If the value of the goods being transported in a single invoice exceeds Rs. 50,000, a GST registered person is required to generate an e-way bill on the website ewaybillgst.gov.in in order to transport the goods in a vehicle.

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