Tuesday, 27 March 2018

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-522
2. 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 Insurance
2. 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

Export Import News

Dear All,

Most of people meet me and say we do not wish to export because of lack of funds. I would like to inform them that export business can be started with Rs.25,000 only. Now can any one who want to enter in to export business don't have Rs.25,000

So, here it is how. Apply for export import license charges are only Rs.500

Upload your product online on AMAZON, Flipcart etc. It is as simple as opening Gmail account.

The rules are :

1. Parcel to be sent by post or courier
2. Per Parcel should not be more than Rs.25,000
3. You can send as many as you like.
4. Items should be : Garment, Toys, books, leather items and handicraft.

No need of excise and custom clearance. However, you will get all Govt benefits.

Now go ahead......

Tuesday, 27 March 2018

Export Import News letter 27.3.2018

Ø Joint Group Most Important Dialogue Mechanism between India and China

Ø Textile Ministry to set up inter-ministerial panel on R&D with Rs.1,000 cr funding

Ø Anti-Apartheid artwork for United States of America

Ø Roundtable of Invest India Held Today

Ø India to talk tough on trade deficit

Ø Sink or sail? - shipbuilders face critical point for survival

Ø US Fed rate hike: Indian exports may take small hit in long-term

Ø Steel tariffs strain India’s ties with Trump

Ø News Now - CPI inflation slides to 4.4% on lower food, stable core

Ø India, China to discuss trade issues next week

Ø Autonomy for Port Boards

Ø Government to promote 12 champion service sectors to boost export

Ø Free trade zones are being used to traffic counterfeit goods

Ø Take urgent steps to stream line cross border trade

Ø Not following mooring safety procedures leads to injury

Ø with inputs available, India declares its seafarers as favourites

Ø India has 30 days to respond to the US complaint on its export subsidies

Ø Containers lost at sea. Why it happens and what to do when it happens

Ø U.S.-China Lock Horns: Should India Be Worried

Friday, 23 March 2018

News Letter on Export Import 23.3.2018

India, China Exports at Risk From Asia Currency Strength

CABINET CLEARS MOU WITH IRAN FOR AVOIDANCE OF DOUBLE TAXATION

Will prepare plan on air cargo support to boost agri exports: Prabhu

1st Meeting Of The Working Group To Make India USD 5 Trillion Economy

China accounts for 66% of India's bulk druga imports in FY'17

India's April-Jan non-basmati rice exports jump 34 percent

India, EU to decide fate of trade agreement next month

WTO ruling continues to haunt solar industry

WTO MEMBERS TO WORK ON ALTERNATIVE MECHANISM FOR DISPUTE SETTLEMENT – THE HINDU BUSINESS LINE

WTO MEMBERS TO WORK ON ALTERNATIVE MECHANISM FOR DISPUTE SETTLEMENT – THE HINDU BUSINESS LINE

Eight sectors add 1.36 lakh jobs in July-September FY1

E-wallet will address GST refund issue of exporters: Suresh Prabhu

Plan For Timely Grant Of Patents In Works

Draft Agriculture Export Policyput up in the public domain

Thursday, 27 July 2017

Export Import GST impact

Wednesday, 14 September 2016

How to Export or Import - Full topic list

Chapter I : Export & Import

Institutions Governing Export Import