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Summer training

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Export Import Procedure

Export Import Procedure

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  • 1. Centre for Management Studies 8/11/2012 3:41 AM 1
  • 2. 8/11/2012 3:41 AM 2
  • 3. Teck Link Sales & Marketing Pvt. Ltd. can assist customer in the following activities Consultation to Cement Industry. Project Engineering. Plant Operation & Maintenance Contracts. Turkey Cement Projects. Supply of Engineering Equipments8/11/2012 3:41 AM 3
  • 4. 8/11/2012 3:41 AM 4
  • 5. To study the export import procedure used by the Tech Link Sales & Marketing Pvt. Ltd. To analyze the pre shipment and post shipment documentation handled by the Tech Link Sales & Marketing Pvt. Ltd.8/11/2012 3:41 AM 5
  • 6. • Sources of Data collection: • Collect data/information about Teck Link Sales & Marketing Pvt. Ltd. through: • Primary data collection:- Secondary data collection:- E-mail Invoice Telephone Packaging list Direct discussion Shipping bill Internet8/11/2012 3:41 AM 6
  • 7. • CENTRE : Delhi and Gurgaon• RESEARCH : EXPLORATORY• RESEARCH TECHNIQUE: QUALITATIVE & QUANTITATIVE• TOOL USED : TELEPHONIC & E-MAIL• DATA SOURCE : PRIMARY & SECONDARY8/11/2012 3:41 AM 7
  • 8. Knowledge of Knowledge of Knowledge of Product Market Product Incentives Costing Proforma Sample if Confirmation Payment Invoice necessary of Export terms Contract Scrutiny of Amendments if Preparation of Benefits & L/C Necessary Physical Execution Exports8/11/2012 3:41 AM Continued…. 8
  • 9. Pre Post Shipment Shipment Confirmation from Buyer of Receipt of Goods Payment Realisation of Statutory Realisation Benefits Records8/11/2012 3:41 AM 9
  • 10. Overview of Documentation8/11/2012 3:41 AM 10
  • 11. • Documents at pre-shipment stage are those documents, which are required to be made, till the consignment is presented to the customs department for clearance.• The following documents can, therefore, be treated as pre- shipment documents:- – Proforma Invoice – Confirmed order or contract – Letter of Credit – Pre-shipment Inspection Certificate – Packing list – Shipping Bill – Export Declaration Forms (GR/SDF) – ARE8/11/2012 3:41 AM 11
  • 12. • Documents at Post-shipment stage are naturally those which are prepared after the shipment.• These documents include the following:- – Mate Receipt – Bill of Lading – Airway Bill – Roadway/Railway Bill – Post Parcel/ Courier Receipt – Invoices (including consular invoice) – Certificate of Origin – Insurance Certificate or Policy – Bill of Exchange – BRC8/11/2012 3:41 AM 12
  • 13. 8/11/2012 3:41 AM 13
  • 14. • Types of International Trade Settlement: – Advance Payment – Open account – Bills on collection basis – Documents against Acceptance – Documentary Credits (Letters of credit) – Standby letter of Credit8/11/2012 3:41 AM 14
  • 15. • Tech Link Sales Marketing Pvt. Ltd deals in mainly EX-work.• Company deals in different methods of payments, which includes advance payment, payment after delivery, L/C.• Company deals in advance payment if buyer is new.• Company deals in mixed combination when buyer is new and order is big.• Company deals in payment after delivery if buyer is internationally reliable or a government organization.• Company normally avoids L/C method, if order is big and buyer asked for L/C only then the company offers L/C.• Implications of all Regulatory documents must be studied carefully. For example; declaration on ARE1 forms.• Filing of Shipping Bill electronically requires correct entries including HS code for the product. Many times, small mistakes 8/11/2012 3:41 AM 15 are extremely difficult to correct later on.
  • 16. •Shipping bills must be filed according to the scheme the exporterwants to avail. For example; DEPB /DFIA/Drawback etc.•Extra care should be taken when combination of schemes is intendedto be used. For example; DEEC – Drawback.•Co-relation between customs, excise and DGFT is extremelyimportant. Many times documents do not match with each other,which results in delay or denying of some benefit under one or theother scheme.•Each regulatory document is important from the point of view ofclaiming various benefits associated with exports. Each documenttherefore should be carefully looked into as to correctness of thecontents, description, quantity, weight, currency, declaration etc.•Maintenance of statutory records: Since most of the schemes are inthe nature of the exemption / remission of the duty, documentarycompliances are insisted upon by all the government departments. Forexample; Appendix 23 – Consumption register. 8/11/2012 3:41 AM 16
  • 17. • Always Provide a good gift to the dealing HR party. • Always Keep an eye on the rate of dollar take Finance a payment according to that. • Develop a good marketing channel Marketing • Make Home group Technology8/11/2012 3:41 AM 17
  • 18. BIBLIOGRAPHY Export Import Documentation - Prof. D.C. pai ,Nabhi Publication Logistics in International Business - Prof. Rajeev Aserkar REFERENCES – INTERNET www.google.co.in www.ask.com www.exit.net www.eximguru.com www.dgft.com www.dgft.org8/11/2012 3:41 AM 18
  • 19. I sincerely thank all the Faculty at CMS , Jamia MilliaIslamia for providing us an opportunity to gain anenriching experience through the valuable concept ofSummer Training. I express my sincere gratitude to Dr.P.K. Gupta and Mr. S. Veeramni for their constantguidance and support throughout the period of mystudy.I also thank all the faculty members and my seniors forproviding continuous encouragement and usefulsuggestions throughout the study.8/11/2012 3:41 AM 19
  • 20. 8/11/2012 3:41 AM 20