Chapter I : Export & Import
- Introduction (opportunity in Export / Import sector)
Institutions Governing Export Import
- International Bodies WTO (World Trade Organizations)
- Local Bodies : Ministry of commerce, FEMA , RBI, Central Excise & Customs, shipping lines, Airlines, Insurance, ECGC, Inspections agencies, Trade Associations, Export Promotion Councils, Commodity boards
- Development authorities, Foreign Trade Policy, Hand book of Procedure
Step to your First Export or Import - IEC
- IEC License Application, Cycle
- Government benefits
Finding a buyer/seller
- Product & Market Selection, Offline & Online Marketing
Logistics
- Types of packing, labeling, marking, Mode of Transportations, Types of Containers, HSC / ITC code
- Incoterms – 2010 (Shipping Terms), Payment Terms, CHA Charge sheet & Costing work Sheet
- Legal Documentation and Contracts
- Importance of Contracts (Proforma Invoice)
- Pre Shipment documents & Procedure : Excise & Custom clearance
- Post Shipment documents i.e. Banking and documents for buyer
- Types of Bills of lading (Short/Blank back/Full form, Charter party, Multimodal, Clean, Shipped on Board, Received for Shipment, Master, House, Liner)
Acts and Rules governing Export Import
- FEMA (Foreign Exchange Management Act) on Export
- FEMA on Import
- Foreign Trade Policy & Hand Book of Procedure by DGFT
Import Duties and Rules
- Import – Product selection, Categories, Govt. Bodies, Registration
- Procedure of Import Custom Clearance
- Calculation of custom duties
- How to calculate Assessable Value, High Seas Sale, Merchanting Trade
Import Export of free Sampling & Gift
Chapter II : Banking & Finance
1. Collection documents :ICC URC-5222. L/C documents : ICC UCPDC-600, Types of LCs
3. L/C: ISBP-745
4. Banking finance:
a. Fund (Pre & Post Shipment - EPC & PCFC)
b. Non fund based finance by bank (LC, BG & Forward Contracts) Buyers’ & Suppliers’ credit
5. EEFC & Escrow Accounts
Chapter III : Risk Management
Foreign Exchange Risk Management – Forward Contracts
1. Marine Insurance2. ECGC
3. Verifying Genuineness of buyer and suppliers through Bank reports & Embassy/Consulates/D&B, Debt
recovery through : International Agencies
4. Risk of quality of material : Inspection of goods by international well known agencies
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