Export – import documentation and steps for successful
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The document defines key terms related to export and import such as exporter, importer, capital goods, drawback, export obligation. It also discusses steps for successful exporting such as selecting export commodities based on manufacturing capacity, demand, obtaining information on foreign buyers from trade directories, trade fairs, advertising. The last part discusses obtaining particulars of foreign buyers from various sources like trade representatives, export councils, international directories and journals.
Export – import documentation and steps for successful
- 1. Export – Import Documentation and Steps for Successful Exporting Prof D. C. Pai
- 2. Export / Import Terms / Definitions
- 3. Export / Import – Terms / Definitions Exporter means a person who exports or intends to export and holds an importer – exporter code number unless otherwise specifically exempted Categories of Exporters Manufacturer Exporter – Manufacturing activity Merchant exporter – trading activity AEZ – Agricultural export zone notified by DGFT
- 4. BTP – biotechnology park EHTP – electronic hardware technology park EOU – export oriented unit Service provider – supply of service from India to any other country. SEZ – special economic zone notified by ministry of commerce and industry.
- 5. Status holder – exporter recognized as export house / trading house by DGFT STP – software technology park Importer – a person who imports or intends to import and holds an importer – exporter code number unless otherwise specifically exempted.
- 6. Actual user Either industrial or non industrial Capital goods – plant, machinery, equipment or accessories required for manufacture & production Drawback Rebate on duty chargeable on any imported material or exercisable material used in the manufacture of goods which has been exported
- 7. Exercisable goods Goods produced or manufactured in India and subject to a duty of excise under the central excise act Export obligation The obligation to export the product or products covered by the authorization or permission in terms of quality value of both, as may be prescribed or specified by the competent authority. Infrastructural facilities Industrial, commercial and social infrastructure or any other facility for the development of the special economic zone as notified.
- 8. Third party exports Export made by exporter or manufacturer on behalf of another exporter, in such case shipping bills shall indicate the name of both the exporter / manufacturer and exporters.
- 9. Export information Various publications of chambers of commerce Export promotion councils Banks & other institutions engaged in international trade Private publications / project reports available on certain fees.
- 10. Export commodity / product selection Manufacturing capacity / manufacture export Availability of the manufactured goods – merchant exporter Demand on importing country Policy, regulation in exporter / importer countries Total profitability taking into account incentives available Import replenishment available if any.
- 11. Quota fixation if any in both the countries Knowledge & experience of similar exporter in various countries
- 12. Obtaining particulars of foreign buyers Trade representatives of foreign govt. In India Indian trade representatives abroad Export promotion councils & commodity boards, govt. & semi govt. agencies International trade directories Yellow pages Participating / visiting in international trade fairs & exhibitions in India & abroad
- 13. Reading materials Newspapers, trade bulletins, magazines, journals published by various agencies. Advertising in Indian as well as foreign newspaper, magazines & journal. Relatives, friends & other contacts in foreign countries.