export import documentation

Topics: International trade, Export, Import Pages: 19 (6813 words) Published: December 3, 2013


ASSIGNMENT ON EXPORT AND IMPORT PROCEDURES OF FLYING KING EXPORTS AND IMPORTS COMPANY

SUBMITTED BY SUBMITTED TO
MARYANN RAPHAEL PROF.SHEEBA
2ND YR PGDBM
2K11032
Flying King Exports and Imports Company

ABOUT COMPANY
Flying King Exports and Imports Company was incorporated by Abdul Samad B which is located in Kollam, Kerala and from then onwards a never ending journey started to reach, satisfy and keep long lasting relationship with old as well as new clients. This is not just for business purpose but also to gain confidence in the clients. Client satisfaction and confidence gives them self-motivation, to keep on improving and performing better and better, which ultimate leads to excellence. OBJECTIVE

The basic objective of developing business both In India and overseas by maintaining the quality of the products, ensuring price competitiveness and enhancing service standards still remain the same. To all the company members the highest standard service is as important now as they were when the business was incorporated. Quality Policy / Procedures

Flying King Business Group aims to achieve and sustain excellence in all their activities. They are committed to total customer satisfaction by providing products and services, which meet or exceed the customer’s expectation. Modernization, stress on Technological innovation and training of employees at all levels shall be continuous process. A motivated workforce with a sense of pride in the organization shall lead to towards total quality. They believe in principle which guides it for the continuous development of its products and services. It also aims at making committed efforts to achieve Total Quality Management to offer maximum satisfaction to customers. Aim / Vision / Mission

Flying King Business Group is set to deliver top quality and comprehensive rates for all the products of export and endeavor to reach the top notch of quality maintenance, top quality product and liberation. PRODUCTS AND SERVICES

Food products:
Frozen fish&crustaceans,frozen meat and chicken(in all categories) Dry fruits &nuts,cocoa,basamati rice, coconut oil
General products:
Rubber
Articles of wood & timber
Major businesses-metal scraps & ores
Railway line scraping & recycling
Abandon ships(ship breaking & demolition) scraps & recycling Aluminum scraps & ore (bauxite) extraction and recycling
Copper scraps & ore (chalcocite) extraction and recycling
Iron scraps & ore extraction and recycling
Steel and steel articles extraction and recycling
Tin ,zinc, nickel-articles scraps & recycling
EXPORT AND IMPORT PROCEDURES
Export Procedure
Here the company acts as both types of exporter - merchant exporters who buy goods from the market or from manufacturers and sell them to foreign buyers and a manufacturer exporter who manufactures the goods he exports. Once the company receives an export order it will be processed and a contract that lists item specifications, payment conditions, marketing requirements, arbitration, shipping and insurance will be drawn out. Like any other exporting company, this company can also face risks such as credit risk, currency risk, carriage risk and country risk which can be countered through steps like insisting upon an irrevocable letter of credit from the overseas buyer and taking out a marine insurance policy. All exporters have to register with a regional licensing authority that provides them with an Import Export Code (IEC) number. To get benefits and concessions under the export-import policy, exporters should register with an appropriate export promotion agency by obtaining a registration-cum-membership certificate. Goods that are exported are eligible for exemption from both Sales Tax and Central Sales Tax. For this purpose they have registered with the Sales Tax Authority of Kerala. Agricultural products go through quality control and pre-shipment inspections before export....
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