Importing is the flipside of exporting. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.

1. International Business

2. Prepared By
Manu Melwin Joy
Assistant Professor
Ilahia School of Management Studies
Kerala, India.
Phone – 9744551114
Mail – manu_melwinjoy@yahoo.com
Kindly restrict the use of slides for personal purpose.
Please seek permission to reproduce the same in public forms and presentations.

3. Introduction
• Importing is the
flipside of exporting.
Importing refers to
buying goods and
services from foreign
sources and bringing
them back into the
home country.

4. Introduction
• An import of a good
occurs when there is a
change of ownership
from a non-resident to
a resident.
• Imports of services
consist of all services
rendered by non-residents
to residents.

5. Types of import
• There are two basic
types of import:
– Industrial and
consumer goods
– Intermediate goods
and services

6. Types of import
• Companies import goods and
services to supply to the
domestic market at a
cheaper price and better
quality than competing
goods manufactured in the
domestic market. Companies
import products that are not
available in the local market.

8. Import Procedure
1. Bill of Entry – Cargo Declaration.
2. Assessment.
3. EDI Assessment.
4. Examination of Goods.
5. Green Channel facility.
6. Execution of Bonds.
7. Payment of Duty.
8. Amendment of Bill of Entry.
9. Prior Entry for Bill of Entry.
10. Mother Vessel/Feeder vessel.
11. Specialized Schemes.
12. Bill of Entry for Bond/Warehousing.