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Export Procedures

The document outlines the export procedures in India, which involve both commercial and regulatory documentation requirements. It discusses preliminary steps like obtaining an IEC number for import/export registration and opening a bank account. Exporters are advised to register with export promotion councils and regulatory bodies for benefits and obtain an RCMC certificate. Registration with sales tax authorities is also required to claim exemptions. The procedures then cover inquiry/offer stages, sending samples, making proforma invoices, and confirming orders placed.

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Deepak B Singh
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655 views15 pages

Export Procedures

The document outlines the export procedures in India, which involve both commercial and regulatory documentation requirements. It discusses preliminary steps like obtaining an IEC number for import/export registration and opening a bank account. Exporters are advised to register with export promotion councils and regulatory bodies for benefits and obtain an RCMC certificate. Registration with sales tax authorities is also required to claim exemptions. The procedures then cover inquiry/offer stages, sending samples, making proforma invoices, and confirming orders placed.

Uploaded by

Deepak B Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Export Procedures

Export-Definition Sec 2 of Foreign Trade(Development & Regulation)Act 1992,the term export is defined as taking out of India any goods by land sea or air Meaning:Sale of goods to foreign countriesGoods must leave India-Cross the customs barrier of India to a foreign destination.

Export procedures: 1. Involves commercial and regulatory procedures . 2. Documentation requirements. 3. Documentation-Regulatory Commercial.

Preliminary Steps
1. IEC Number. -Registration with regional licensing authorities. -Essential for importing and exporting. -Special exemption by DGFT. -Number allocated by [Link]. -Number is incorporated by various export documents.

2. Open a current account with designated bank for credit of duty drawback claim.

3. Membership-Cum-Registration -Membership of certain bodies help the exporters in a number of ways. Export Promotion Council-Export Development Authorities-Members receive different kinds of assistance. -Exporters are also advised to become members of local chamber of commerce, productivity council etc( Recognised by the Ministry of Commerrce & Industry) -Get registered themselves with certain export promotion & regulatory bodies.

For the benefit of concession under EXIM policy. -Required to register with appropriate authority & obtain RCMC. -RCMC issued by RLA.

Registration with Sales Tax Authorities


For getting exemption from the sales tax on the export goods,the exporter should be registered with sales tax authorities of concerned states.

Inquiry & Offer


An inquiry is a request form from a perspective importer to be informed of the terms and condition of sales. -Contain full details of the goods required,their catalogue numbers or grades,size,weights or other distinguishing feautures,time and method of delivery.

If the inquiry is from the new importer -make some investigation into the financial position of the client by means of bankersreference or by means of trade reference. -Meticulous care should be exercised in dealings with foreign customers.

In case,If the exporter does not get direct enquiry -Find out the prospective customers on his own initiative. -Several Trade journals publish trade inquiries.

Establish effective dialogueelegant,Clear,precise & suffecient. -Send the exporters literature and introduce himself clearly and explicitly.

Secondary Samples
Necessary to send samples that should be in accordance with the Govt. regulations in force.

Offer -Starting point of negotiation have to make an offer to foreign customer. -Is a proposal,May be in a form of letter,his quatation,or other relevant information. -Usually in the form of a proforma invoice.

Proforma Invoice
Proforma Invoice is an invoice sent in advance to the buyers before the shipment is made. -Includes details of the products to be supplied,their quality,Quantity,Value including freight,insurance & other charges,method of payment,conditions of sale etc. -Buyers open leeters of credit on the basis of proforma invoice. (advised to take approximate higher freight charges than the lower)

Confirmation Of Order
Once the negotiations are completed and the terms and conditions are acceptable to the buyer and seller,the buyer may place an order with the exporter. -Exporter should immediately confirm the order by sending his acceptance.

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