export- import documentation& procedures related to trade

7/27/2019 Export- Import Documentation& Procedures Related to Trade

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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

export- import documentation& procedures related to trade

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