Indian Export Import Guide

Topics: Foreign exchange market, Exchange rate, International trade Pages: 130 (51585 words) Published: December 10, 2010 How to Export • Starting Exports o Starting Export Introduction o Basic Planning For Export o Identifying Products For Export o Market Selection o SWOT Analysis o Registration of Exporters o Export License o Myths About Exporting o Export Sales Leads o Exporting Product Samples o Export Pricing And Costing o Understanding Foreign Exchange Rates o Appointing A Sales Agents o Export Risks Management o Packaging And Labeling Of Goods o Inspection Certificates And Quality Control o Export Documents o Custom Procedure For Export o Invisible Export o Export To SAARC o Export To CIS o Organisations Supporting Exporters Export Finance • Pre Shipment and Post Shipment Export Finance o Payment Methods In Export Import o Payment Collection Against Bills o Letter Of Credit (L/c) o Trade Documents o Pre Shipment Trade Finance o Post Shipment Finance o Forfeiting Factoring o Bank Guarantees o Transport Risk o Contract Credit Risk o Country Political Risk o Currency Risk o Export Import (Exim) Policy o Foreign Exchange Management Act (FEMA) o Fedai Guidelines IEC • IEC - Importers Exporters Code Number Export Import Trade Terms • Incoterms How to Import • Starting Imports o Starting Import Introduction o Preliminaries for Starting Import Business o Registration of Importers o Guidelines And Rules for Import o Selecting The Overseas Exporter o Import License

o Import Trade Governing Bodies o Import of Samples o Finalizing The Terms of Import o Import Duties o Import Risks o Import Incentives under Special Schemes o Methods of Payment in Import Trade o Import of Personal Baggage o Import of Gifts o Import of Cars Vehicle Commercial and Non Commercial o Import of Gold And Silver by NRI o Custom Clearance of Imported Goods o Import of Drugs And Medicine o Import of Scrap And Waste Products o Import Laptops And Computers o Import Dos And Don’ts Please remember, preparing for the world of international trade is a complex process. But with the proper knowledge and strategy, you’ll soon be on your way to world wide success. Introduction : Export in itself is a very wide concept and lot of preparations is required by an exporter before starting an export business. A key success factor in starting any export company is clear understanding and detail knowledge of products to be exported. In order to be a successful in exporting one must fully research its foreign market rather than try to tackle every market at once. The exporter should approach a market on a priority basis. Overseas design and product must be studied properly and considered carefully. Because there are specific laws dealing with International trade and foreign business, it is imperative that you familiarize yourself with state, federal, and international laws before starting your export business. Price is also an important factor. So, before starting an export business an exporter must consider the price offered to the buyers. As the selling price depends on sourcing price, try to avoid unnecessary middlemen who only add cost but no value. It helps a lot on cutting the transaction cost and improving the quality of the final products. The Government of Indian has defined it, in very simple terms; export may be defined as the selling of goods to a foreign country. However, As per Section 2 (e) of the Indian Foreign Trade Act (1992), the term export may be defined as 'an act of taking out of India any goods by land, sea or air and with proper transaction of money”. Exporting a product is a profitable method that helps to expand the business and reduces the dependence in the local market. It also provides new ideas, management practices, marketing techniques, and ways of competing, which is not possible in the domestic market. Even as an owner of a domestic market, an individual businessman should think about exporting. Research shows that, on average, exporting companies are more profitable than their non-exporting...
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