present secnerio of Indian import and export

3. INTRODUCTION
An import is a good brought into
a jurisdiction, especially across a national
border, from an external source. The party
bringing in the good is called an importer. An
import in the receiving country is
an export from the sending country.
Importation and exportation are the
defining financial
transactions of international trade.

4. TYPES OF IMPORT
There are two basic types of import:
Industrial and consumer goods.
Intermediate goods and services.

5. TYPES OF IMPORTERS
There are three broad types of importers:
Looking for any product around the world to
import and sell.
Looking for foreign sourcing to get their
products at the cheapest price.
Using foreign sourcing as part of their
global supply chain.

6. IMPORTED GOODS AE DIVIDED INTO THE FOLLOWING CATEGORIES
Freely importable items:- for these items, no import
license is required. They can be freely imported by an
individual or a firm.
Canalized items:- These items can only be imported by
public sector firm. For example petroleum products fall
under this category.
Prohibited items:- Items such as unprocessed ivory,
animals rennet and tallo fat cannot be exported to India.

7. BALANCE OF TRADE
Balance of trade represents a
difference in value for import and
export for a country.
A trade deficit occurs when imports
are large relative to the exports.
Imports are impacted principally by
a country’s income and its
productive resources.

9. Import in India 2010-2011

10. INDIAN IMPORT 2012-2013India is heavily dependent on crude oil
imports, with petroleum crude
accounting for about 34 percent of the
total inward shipments. The country also
imports: gold and silver (12 percent of the
total imports), machinery (10 percent),
electronic goods (7 percent) and pearls,
precious and semi-precious stones (5
percent). India’s main import partners
are China (10.7 percent of the total
shipments), United Arab Emirates (8
percent), Saudi Arabia (7 percent),
Switzerland (7 percent) and the United
States (5 percent).

13. ADVANTAGES OF IMPORT
These are some of the benefits of documentary credit for importers:
No obligation to pay unless all the conditions of the documentary credit are
fulfilled.
Using documentary credits with extended credit terms may be an alternative
to traditional forms of bank finance such as overdrafts.
A possible discount from the exporter because of secure and fast payment.
Multiple payments can be made under a documentary credit.
Your credit reputation is enhanced by providing suppliers with documentary
credits.
Improved security for prompt shipment of goods.

15. INTRODUCTIONThe term export means shipping in
the goods and services out of the
jurisdiction of a country. The seller of
such goods and services is referred to
as an "exporter" and is based in the
country of export whereas the
overseas based buyer is referred to as
an "importer". In international trade,
"exports" refers to selling goods and
services produced in the home
country to other markets.