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Export- import documentation& procedures related to trade
EXIM policy
EXIM documentation
Procedures for Exports
Procedures for Imports
Strategies and initiatives
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EXPORT DOCUMENTATION
1. Invoice
2. Certificate
3. Custom documents
4. Transport documents
5. Exchange control
6. Payment documents
7. Miscellaneous documents
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IMPORT DOCUMENTATION
1. Transport document2. Bill of entry
3. Certificate of inspection
4. Certificate of measurement
5. Freight declaration
6. Delivery of documents
7. Interest on import bills
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Import Procedures
Earlier all goods were restricted for imports unless specifically
permitted, with new policy all goods freely imported unless
specifically restricted.
Enquiry of vendor
Quotation from vendor
Purchase order
Letter of credit
Bill of entry License tracking
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Contd.
Letter of credit
For importer
For exporter
Generation of warehousing certificate Permission application & license tracking
Integration with ERPs
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Contd.
Bill of entry
Bill of entry for home consumption
Bill of entry for warehouses
Bill of entry for Ex-bond clearance Import duties
Basic duty
Additional customs duty
Safeguard duty
Education cess
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Steps involved in Export Transaction Need to apply to the director General of Foreign Trade(DGFT)
Regional office for getting Importer-Exporter Code (IEC)
Register with the concerned export promotion council, salestax office and Export Credit Guarantee Corporation.
Export can now go in for procuring orders
The exporter starts manufacturing goods.
Obtains a certificate confirming the quality of the goods.
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Contd
Exportables are then dispatched to ports/airports
Apply to an insurance company.
8) The exporter contacts the clearing and forwarding
agent (C & F) for storing the goods inwarehouses. A document called Shipping Bill,
required for allowing shipment by Customs Authority
is presented by the forwarding agent.
9) a receipt called Mates Receipt is issued by thecaptain to the ship superintendent of the port.
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10) Superintendent calculates port charges and handover to the
exporter /C&F agent.
11) The C&F agent or exporter gets the Bills of Lading or
Airway Bill12) Applies to the relevant Chamber of Commerce for obtaining
Certificate of Origin
13) Exporter sends a set of documents to the importers, stating
the date of shipment ,name of vessel.14) Within 21 days after shipment the exporter must present all
the documents at his bank.
15) The exporters bank sends these documents to the
importers bank which should make the payment on of beforethe due date.
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Strategies doubling our exports from US $225 billion to US $ 450 billion
over the next three years
product diversification and diversification of markets based on
the changing dynamics of growth
conducive trading arrangements with trading partners
adopted a multi-pronged strategy to deal with issues relatingto NTMs
engage specialized research agencies for sound economic
analysis
Adequate flow of credit and at reasonable costs
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Initiatives
Promotional measures in Dept of Commerce:
Assistance to States for developing export infrastructure and
allied activities (ASIDE)
Market access initiative (MAI)
Market Development Assistance (MDA)
Brand promotion and quality
Test houses
Towns for export Excellence
Meeting expenses for statutory compliances
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ContdPromotion measures in DGFT:
Quality complaints/disputes Privileges of privileges of export and trading house status
holders
Eligibility for export and trading houses status
Trade disputes affecting trade relations
Services Exports
Common Facility Centres