export custom procedure
TRANSCRIPT
7/31/2019 Export Custom Procedure
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Presented by:Presented by:
* Rinto Rajan (44)* Rinto Rajan (44)* Prakash Khaladkar (43)* Prakash Khaladkar (43)
* Nihal Mansoori (47)* Nihal Mansoori (47)
* Pragya Mishra (26)* Pragya Mishra (26)
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CONTENTSCONTENTS
IntroductionIntroduction Registration stageRegistration stage Pre-shipment stagePre-shipment stage Shipment stageShipment stage Post shipment stagePost shipment stage Shipping and custom formalitiesShipping and custom formalities Procedure for realization of export proceedsProcedure for realization of export proceeds ConclusionConclusion
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IntroductionIntroductionExport procedure consist of several commercial and regulatoryExport procedure consist of several commercial and regulatory
formalities which an exporter is required to complete during the course of formalities which an exporter is required to complete during the course of export trade transaction. These formalities are very complex and timeexport trade transaction. These formalities are very complex and timeconsuming and involve considerable documentation. Hence, the exporter consuming and involve considerable documentation. Hence, the exporter must possess adequate knowledge of such formalities. At the same time, itmust possess adequate knowledge of such formalities. At the same time, itshould be ensured that the rule and regulations of not only exportingshould be ensured that the rule and regulations of not only exportingcountry but also the importing country are duly complied with. Last butcountry but also the importing country are duly complied with. Last but
not the least, it should be ensured that all the required documents, whether not the least, it should be ensured that all the required documents, whether commercial or regulatory, are prepared filed with the appropriatecommercial or regulatory, are prepared filed with the appropriateauthorities.authorities.
An export procedure can be studied under the following heads.An export procedure can be studied under the following heads.
a) registration stagea) registration stage
b) pre-shipment stage b) pre-shipment stage
c) shipment stagec) shipment stage
d) post-shipment staged) post-shipment stage
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REGISTARTION STAGEREGISTARTION STAGE
Registration of the organizationRegistration of the organization Opening bank accountOpening bank account Obtaining Importer-Exporter Code Number Obtaining Importer-Exporter Code Number Obtaining Permanent Account Number Obtaining Permanent Account Number Obtaining Sales Tax Number Obtaining Sales Tax Number Registration with Export Promotion CouncilRegistration with Export Promotion Council Registration with ECGC.Registration with ECGC. Registration with other authoritiesRegistration with other authorities
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Pre-shipment stagePre-shipment stage
Approaching foreign buyersApproaching foreign buyers
Inquiry and offer Inquiry and offer
Confirmation of order Confirmation of order Opening letter of creditOpening letter of credit
Arrangement of pre shipment financeArrangement of pre shipment finance
Production procurement of goodsProduction procurement of goods
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Continue…………Continue…………
Packing and markingPacking and marking
Pre shipment inspectionPre shipment inspection
Central excise clearanceCentral excise clearance Obtaining insurance cover Obtaining insurance cover
Appointment of C & F AgentAppointment of C & F Agent
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Shipment stageShipment stage
Reservation of shipping spaceReservation of shipping space
Arrangement of internal transportation uptoArrangement of internal transportation upto
the port of shipmentthe port of shipment
Preparation and processing of shippingPreparation and processing of shipping
documentsdocuments
Custom clearanceCustom clearance
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Continue…Continue…
Obtaining carting order from the port trustObtaining carting order from the port trust
authoritiesauthorities
Customs examination and issue of “Let ExportCustoms examination and issue of “Let Export
Order”Order”
Obtaining “Let Ship Order” from the customObtaining “Let Ship Order” from the custom
preventive officer. preventive officer.
Obtaining Mate’s Receipt and Bill of Lading.Obtaining Mate’s Receipt and Bill of Lading.
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Post shipment stagePost shipment stage
Submission of documents by the C&F AgentSubmission of documents by the C&F Agent
to the exporter.to the exporter.
Shipment advice to importer.Shipment advice to importer.
Presentation of documents to bank for Presentation of documents to bank for
negotiationnegotiation
Dispatch of documentsDispatch of documents Acceptance of bill of exchangeAcceptance of bill of exchange
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Continue…Continue…
Letter of indemnityLetter of indemnity
Realization of export proceedsRealization of export proceeds
Processing of GR formsProcessing of GR forms
Realization of export incentivesRealization of export incentives
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ConclusionConclusion
After we have gone through theAfter we have gone through the procedure, it can be clearly made out that it’s a procedure, it can be clearly made out that it’s a
complex and long procedure. So it can becomplex and long procedure. So it can beconcluded that for an exporter it is veryconcluded that for an exporter it is veryimportant to do his homework before he getsimportant to do his homework before he gets
into exporting of goods…into exporting of goods…
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Thank u ….Thank u ….