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The document defines key terms related to export and import including exporter, importer, manufacturer exporter, merchant exporter, special economic zones, status holders, capital goods, drawback, export obligation, and third party exports. It also discusses how exporters can select export commodities/products, obtain information on foreign buyers, and find relevant reading materials to support their export business.
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Export – import documentation and steps for successful
The document defines key terms related to export and import including exporter, importer, manufacturer exporter, merchant exporter, actual user, capital goods, drawback, exercisable goods, export obligation, third party exports, and infrastructural facilities. It also lists sources of export information and factors to consider when selecting export commodities/products such as manufacturing capacity and demand in importing countries. Methods for obtaining information on foreign buyers are outlined.
Export – import documentation and steps for successful
The document defines key terms related to export and import such as exporter, importer, capital goods, drawback, export obligation. It also discusses steps for successful exporting such as selecting export commodities based on manufacturing capacity, demand, obtaining information on foreign buyers from trade directories, trade fairs, advertising. The last part discusses obtaining particulars of foreign buyers from various sources like trade representatives, export councils, international directories and journals.
Export promotion schems
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
Electronic hardware technology park
The document provides information about the Electronic Hardware Technology Park (EHTP) Scheme in India. The key points are:
1. The EHTP Scheme allows companies to set up manufacturing units to produce electronic hardware and components for export. It offers benefits like duty exemptions, tax holidays, foreign investment permissions, and single window clearances.
2. Companies can import capital goods and raw materials duty-free under the scheme. They also get excise duty exemption on indigenous procurement and sales in the domestic market are permitted up to 50% of export earnings.
3. To register under the scheme, companies need to submit an application along with a project report. If approved, they enter a legal agreement,
Export Import form India - Tax Saving
We provide consultancy and render our services for availing incentives/benefits available against export & Import of Goods and Services.We are professional consultant on Foreign Trade Policy, providing result oriented services to our valued clients relating DGFT , Customs and Exicse.
Export promotion schemes EPCG, FTZ. STPs
The EPCG (Export Promotion Capital Goods) scheme allows import of capital goods for manufacturing products for export without paying customs duty. Importers must export goods worth 6 times the duty saved within 6 years. Capital goods allowed include machinery, tools, and second-hand goods. The scheme promotes technological upgrades and exports. STPI (Software Technology Parks of India) and SEZ (Special Economic Zones) offer tax exemptions and infrastructure to boost software and overall exports. EPZs (Export Processing Zones) generate economic activity and jobs through fiscal incentives for export-oriented industries.
Exports from india scheme
EXPORTS FROM INDIA SCHEME
EXPORTS FROM INDIA SCHEME
OBJECTIVE:-
Main objectective is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved.
To provide exporters a level playing field.
NATURE OF REWARDS
Duty Credit Scrips shall be granted as rewards under MEIS and SEIS.
The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable.
The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A.
(ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification.
(iii) Payment of service tax on procurement of services as per DoR notification.
(iv)Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.
MERCHANDISE EXPORTS FROM INDIA SCHEME
(MEIS)
INTRODUCTION
In the new Foreign Trade Policy-2015-2020, with effect from 1.4.2015,Merchandise Exports from India Scheme (in short, also known as MEIS) has beenannounced by the Government. It not only replaces five similar incentive schemesavailable under the Foreign Trade Policy 2009-2014, but it rationalize the incentivesunder the erstwhile schemes, removes various kind of restrictions and significantlyenlarges the scope of the earlier schemes. Unlike earlier Schemes, this scheme hasbeen made applicable to exports made by SEZ units.
SCHEMES REPLACED BY MEIS
(i) Focus Product Scheme (FPS),
(ii) Market Linked Focus Product Scheme (MLFPS),
(iii) Focus Market Scheme (FMS),
(iv) Agri. Infrastructure Incentive Scrip (AIIS),
(v) Vishesh Krishi Gramin Upaj Yojana (VKGUY).
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.
SALIENT FEATURES OF THE SCHEME
Grants rewards in the form of Duty Credit Scrip to the exporter on export of notified goods, which have been produced/ manufactured in India.
Rewards for export of notified goods to notified markets payable as percentage of realized FOB value (in free foreign exchange).
Exports of specified goods through courier or foreign post office using ecommerce of FOB value upto Rs.25000 per consignment entitled for rewards under the scheme. In case of value of consignment being more than Rs.25000/-, benefit is limited on the value of Rs. 25000/- only.
Scrip itself and Goods imported/ domestically procured against the scrip are freely transferable.
Certain specified categories of export or export goods are not eligible for benefit under the Scheme.
EOUs, STPs, EHTPs and BIOTECH Ps (EPC)
The document discusses various export promotion schemes in India including Export Oriented Units (EOUs), Software Technology Parks of India (STPI), Electronic Hardware Technology Parks (EHTPs), and Bio-Technology Parks (BTPs). It provides details on the introduction, eligibility criteria, benefits, and procedures for each type of park. For example, it states that EOUs allow duty-free imports and 100% foreign ownership while STPI units can avail of customs duty exemption, excise duty exemption, and central sales tax reimbursement. The document also mentions that nearly 1,000 software exporters withdrew from STPI after tax incentives were removed in 2011.
Recommended
Export – import documentation and steps for successful
The document defines key terms related to export and import including exporter, importer, manufacturer exporter, merchant exporter, actual user, capital goods, drawback, exercisable goods, export obligation, third party exports, and infrastructural facilities. It also lists sources of export information and factors to consider when selecting export commodities/products such as manufacturing capacity and demand in importing countries. Methods for obtaining information on foreign buyers are outlined.
Export – import documentation and steps for successful
The document defines key terms related to export and import such as exporter, importer, capital goods, drawback, export obligation. It also discusses steps for successful exporting such as selecting export commodities based on manufacturing capacity, demand, obtaining information on foreign buyers from trade directories, trade fairs, advertising. The last part discusses obtaining particulars of foreign buyers from various sources like trade representatives, export councils, international directories and journals.
Export promotion schems
The document outlines several Indian government export promotion schemes. It discusses schemes that provide duty credits or exemptions for exports of goods and services. These include the Served From India Scheme for service exports, Vishesh Krishi and Gram Udyog Yojana for agricultural and village industry exports, and Focus Market Scheme, Focus Product Scheme, and Market Linked Focus Products Scrip for specific export products and markets. It also describes Duty Exemption and Remission Schemes as well as the Export Promotion Capital Goods Scheme. Special focus is given to initiatives supporting market diversification, technological upgrading, status holders, and sectors like agriculture, handlooms, gems and jewelry, and electronics.
Electronic hardware technology park
The document provides information about the Electronic Hardware Technology Park (EHTP) Scheme in India. The key points are:
1. The EHTP Scheme allows companies to set up manufacturing units to produce electronic hardware and components for export. It offers benefits like duty exemptions, tax holidays, foreign investment permissions, and single window clearances.
2. Companies can import capital goods and raw materials duty-free under the scheme. They also get excise duty exemption on indigenous procurement and sales in the domestic market are permitted up to 50% of export earnings.
3. To register under the scheme, companies need to submit an application along with a project report. If approved, they enter a legal agreement,
Export Import form India - Tax Saving
We provide consultancy and render our services for availing incentives/benefits available against export & Import of Goods and Services.We are professional consultant on Foreign Trade Policy, providing result oriented services to our valued clients relating DGFT , Customs and Exicse.
Export promotion schemes EPCG, FTZ. STPs
The EPCG (Export Promotion Capital Goods) scheme allows import of capital goods for manufacturing products for export without paying customs duty. Importers must export goods worth 6 times the duty saved within 6 years. Capital goods allowed include machinery, tools, and second-hand goods. The scheme promotes technological upgrades and exports. STPI (Software Technology Parks of India) and SEZ (Special Economic Zones) offer tax exemptions and infrastructure to boost software and overall exports. EPZs (Export Processing Zones) generate economic activity and jobs through fiscal incentives for export-oriented industries.
Exports from india scheme
EXPORTS FROM INDIA SCHEME
EXPORTS FROM INDIA SCHEME
OBJECTIVE:-
Main objectective is to provide rewards to exporters to offset infrastructural inefficiencies and associated costs involved.
To provide exporters a level playing field.
NATURE OF REWARDS
Duty Credit Scrips shall be granted as rewards under MEIS and SEIS.
The Duty Credit Scrips and goods imported / domestically procured against them shall be freely transferable.
The Duty Credit Scrips can be used for :
(i) Payment of Customs Duties for import of inputs or goods, except items listed in Appendix 3A.
(ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification.
(iii) Payment of service tax on procurement of services as per DoR notification.
(iv)Payment of Customs Duty and fee as per paragraph 3.18 of this Policy.
MERCHANDISE EXPORTS FROM INDIA SCHEME
(MEIS)
INTRODUCTION
In the new Foreign Trade Policy-2015-2020, with effect from 1.4.2015,Merchandise Exports from India Scheme (in short, also known as MEIS) has beenannounced by the Government. It not only replaces five similar incentive schemesavailable under the Foreign Trade Policy 2009-2014, but it rationalize the incentivesunder the erstwhile schemes, removes various kind of restrictions and significantlyenlarges the scope of the earlier schemes. Unlike earlier Schemes, this scheme hasbeen made applicable to exports made by SEZ units.
SCHEMES REPLACED BY MEIS
(i) Focus Product Scheme (FPS),
(ii) Market Linked Focus Product Scheme (MLFPS),
(iii) Focus Market Scheme (FMS),
(iv) Agri. Infrastructure Incentive Scrip (AIIS),
(v) Vishesh Krishi Gramin Upaj Yojana (VKGUY).
Objective of Merchandise Exports from India Scheme (MEIS) is to offset infrastructural inefficiencies and associated costs involved in export of goods/products, which are produced /manufactured in India, especially those having high export intensity, employment potential and thereby enhancing India’s export competitiveness.
SALIENT FEATURES OF THE SCHEME
Grants rewards in the form of Duty Credit Scrip to the exporter on export of notified goods, which have been produced/ manufactured in India.
Rewards for export of notified goods to notified markets payable as percentage of realized FOB value (in free foreign exchange).
Exports of specified goods through courier or foreign post office using ecommerce of FOB value upto Rs.25000 per consignment entitled for rewards under the scheme. In case of value of consignment being more than Rs.25000/-, benefit is limited on the value of Rs. 25000/- only.
Scrip itself and Goods imported/ domestically procured against the scrip are freely transferable.
Certain specified categories of export or export goods are not eligible for benefit under the Scheme.
EOUs, STPs, EHTPs and BIOTECH Ps (EPC)
The document discusses various export promotion schemes in India including Export Oriented Units (EOUs), Software Technology Parks of India (STPI), Electronic Hardware Technology Parks (EHTPs), and Bio-Technology Parks (BTPs). It provides details on the introduction, eligibility criteria, benefits, and procedures for each type of park. For example, it states that EOUs allow duty-free imports and 100% foreign ownership while STPI units can avail of customs duty exemption, excise duty exemption, and central sales tax reimbursement. The document also mentions that nearly 1,000 software exporters withdrew from STPI after tax incentives were removed in 2011.
FT Commercial Insight
This document provides an overview of foreign trade in India, including key elements, stakeholders, regulations, case studies, initiatives, and trade agreements. It discusses important concepts like imports, exports, logistics, banking/finance, customs procedures, and the roles of various agencies involved in foreign trade transactions. Specific schemes to promote exports are outlined, including Merchandise Exports from India Scheme (MEIS), Service Exports from India Scheme (SEIS), status holder incentives, Export Promotion Capital Goods (EPCG) scheme, and duty drawback. Eligibility criteria and benefits of these programs are summarized. Overall, the document serves as a comprehensive reference on India's foreign trade landscape and export promotion mechanisms.
How to start an export import business
The document provides information on how to start an export-import business, including planning for exports such as obtaining an IEC number and registering with an export promotion council, executing exports by procuring orders and finalizing contracts, and available export incentives and financing. It also discusses the various agencies involved in export transactions and risks that can be covered by insurance.
Import and Export Process of Bangladesh
The document discusses Bangladesh's import and export system, including the major commodities imported and exported, key trading partners, important documentation and procedures for imports and exports. It provides details on import sources of financing, import processes, export packing and labeling requirements, necessary documentation, and Bangladesh's export policy and facilities to promote certain priority sectors.
Exim Policy
This document summarizes various Indian trade schemes including:
1) Duty exemption schemes that allow duty-free imports of production inputs and post-export rebates on import duties. These include Advance Authorization, Duty Free Import Authorization, and Duty Entitlement Pass Book Scheme.
2) Rules for re-importing goods exported under these schemes and calculating value addition. Exports to SEZs are also covered.
3) Details of the Advance Authorization Scheme including eligibility, authorized imports, export obligations and extensions.
4) The Duty Entitlement Pass Book Scheme which provides duty credits for exporters.
5) The Duty Free Import Authorization Scheme which allows duty-free imports of export production inputs.
6) Special schemes
Export managment
Export means the transaction of products and services from one nation to others. Export goods are given to international end users by domestic producers. Export management is the use of the managerial process to the serviceable area of exports.
Export procedures
This document outlines the key steps and procedures involved in exporting goods from India. It discusses registering with the relevant authorities, obtaining necessary licenses and documents like IEC numbers, producing the goods, clearing customs, and arranging shipment. It also covers important export documentation like the proforma invoice, GR form, shipping bill, and negotiating payments through an L/C with a bank. The overall process involves planning the offer, production, inspection, shipment, and payment realization activities to successfully export goods.
Import export assignment
- Flying King Exports and Imports Company was established in Kollam, Kerala to develop business both within India and overseas through maintaining product quality, price competitiveness, and high service standards.
- The company exports and imports a variety of food, general, and metal products. It follows all necessary export and import procedures like obtaining licenses, adhering to quality standards, and completing customs clearances and paperwork.
- The import procedure involves submitting a bill of entry, cargo declaration, invoices, licenses, certificates, and declarations to customs officials for clearance and assessing duties. Adhering to proper documentation and procedures ensures legal and smooth import/export of goods.
Import and export - What is difference between import and export?
Importing involves bringing goods and services into a country, while exporting involves selling goods and services produced domestically to other countries. The key difference is that import involves purchasing items from other nations to sell domestically, while export involves selling items produced within a nation to other countries. International trade through import and export is important for countries to access resources they do not have domestically. Certification in import and export management can qualify students for careers in international trade by demonstrating their expertise in international business practices, documentation, trade terms, and regulations. Training facilities in the UAE like Zabeel Institute offer import and export certification courses and help students prepare to pass the required exams.
Customs procedure In India
The slide higlights import export procedure India
i.e. the customs procedure. It is based on 4th sem MCom syllabus of BU
Export procedure and documentation
Export documentation serves several important purposes: to indicate ownership of goods, keep shipments on schedule, obtain payment, and describe cargo. It also facilitates customs clearance. There are many documents an exporter must prepare to arrange shipments. Multiple government agencies and organizations are involved in international trade transactions and exporters must comply with their rules. Poor documentation can lead to problems like payment delays and additional costs to fix issues. The Adapted Documentation Systems methodology in India aims to standardize export documents for efficiency. It creates a "Master Document" containing common information across aligned documents of uniform size. This simplifies information requirements and reduces the time and effort of documentation.
LICENCING PROCEDURE FOR EXPORT AND IMPORT
INTRODUCTION
Setting-up an export business requires basic documentation such as a Permanent Account Number (PAN card), Importer Exporter Code (IEC) from DGFT office and opening a bank account.
Other key factors include knowledge of trading systems, FTP and Industrial Policy, access to market information, ensuring product quality and compliance with export procedures & documentation.
Establishing of export firm
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
Import Management
This ppt is about import and its benefits, custom and its objective, payment method, incoterms, risk involved in import, port operation, bill of lading etc.
Import Procedures in india
The document provides information on import procedures and regulations in India. It discusses that imports are governed by the Foreign Trade (Development & Regulation) Act of 1992 and outlines the key steps, which include selecting an import product, obtaining an Importer-Exporter Code, applying for an import license if required, and finalizing import contracts considering pricing terms and INCO terms. Key import schemes like Export Promotion Capital Goods and Duty Exemption are also summarized.
Registration formalities of export in India
This document provides information on the various registrations and licenses required for starting an export business in India. It discusses obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is mandatory for any import or export activity. It also summarizes the process for registering with other authorities such as sales tax, central excise, Export Credit Guarantee Corporation for export credit insurance, and membership in export promotion councils. The document outlines the key requirements and documents needed for applying for an IEC number and highlights some exemptions. It stresses the importance of checking that export items do not fall under the Negative List requiring licenses or prohibitions.
Central excise clearance
This document outlines the central excise clearance procedure in India. It discusses that central excise duty is levied on goods manufactured in India for domestic consumption. There are two main types of assessment: self-assessment where the manufacturer declares and pays the duty, and assessment by a central excise officer. Goods can be cleared either with payment of duty, or without payment under a bond/letter of undertaking by providing proof of export within 6 months to claim rebate. The key steps involve applying for an ARE-1 form, sealing and examining goods, dispatching with copies to different authorities, and claiming rebate by providing shipping documents to bond authorities.
export Oriented Unit
This document provides an overview of Export Oriented Units (EOUs) in India. EOUs were established to boost exports by enabling additional production capacity with minimum value addition. Their key objectives are to transfer latest technologies and stimulate direct foreign investment. EOUs are required to achieve a positive net foreign exchange over 5 years and maintain input/output norms. In return, EOUs receive benefits like duty-free imports, excise and sales tax exemptions, ability to sell in the local market, and 100% foreign ownership. Major sectors for EOUs include food processing and coffee.
steps of export from india
The document outlines the steps involved in exporting rice from India, including obtaining necessary licenses and permits, finding buyers, negotiating contracts, arranging transportation and shipping, completing customs and exchange control formalities, and using various export documents. Some key points are that India is a major global exporter of rice, key import markets include Middle Eastern, African, and some European and North American countries, and following proper procedures and knowing regulations and competition are important for a profitable rice export business from India.
Export incentives & Exemptions
We are pleased to attach here with valuable information shared about Export Incentives & Exemptions offered by Government of India, a detailed power point presentation presented by Shalishkumar-CEO, Export Import Bureau of India as speaker at WESCON - 2014 seminar held at Vadodara on 27h June 2014.
Pre-shipment Inspection WTO Prepared by Abubakar Bhatti
This document discusses pre-shipment inspection (PSI), which involves verifying goods before export to ensure compliance with import regulations. It outlines how PSI works, providing benefits like certification and streamlined customs. Key aspects covered include non-discrimination in application, transparency, avoiding conflicts of interest or delays. Price verification compares to similar goods, while an appeals process and independent review of disputes are established. Member countries must notify laws and review the agreement periodically.
Foreign trade policy India chapter 2 general provision regarding export and ...
Foreign trade policy India 2015-2020 chapter 2 general provision regarding export and import ..The general provisions governing import and export of
goods and services are dealt with in this chapter .
Export promotion and incentives
The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
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FT Commercial Insight
This document provides an overview of foreign trade in India, including key elements, stakeholders, regulations, case studies, initiatives, and trade agreements. It discusses important concepts like imports, exports, logistics, banking/finance, customs procedures, and the roles of various agencies involved in foreign trade transactions. Specific schemes to promote exports are outlined, including Merchandise Exports from India Scheme (MEIS), Service Exports from India Scheme (SEIS), status holder incentives, Export Promotion Capital Goods (EPCG) scheme, and duty drawback. Eligibility criteria and benefits of these programs are summarized. Overall, the document serves as a comprehensive reference on India's foreign trade landscape and export promotion mechanisms.
How to start an export import business
The document provides information on how to start an export-import business, including planning for exports such as obtaining an IEC number and registering with an export promotion council, executing exports by procuring orders and finalizing contracts, and available export incentives and financing. It also discusses the various agencies involved in export transactions and risks that can be covered by insurance.
Import and Export Process of Bangladesh
The document discusses Bangladesh's import and export system, including the major commodities imported and exported, key trading partners, important documentation and procedures for imports and exports. It provides details on import sources of financing, import processes, export packing and labeling requirements, necessary documentation, and Bangladesh's export policy and facilities to promote certain priority sectors.
Exim Policy
This document summarizes various Indian trade schemes including:
1) Duty exemption schemes that allow duty-free imports of production inputs and post-export rebates on import duties. These include Advance Authorization, Duty Free Import Authorization, and Duty Entitlement Pass Book Scheme.
2) Rules for re-importing goods exported under these schemes and calculating value addition. Exports to SEZs are also covered.
3) Details of the Advance Authorization Scheme including eligibility, authorized imports, export obligations and extensions.
4) The Duty Entitlement Pass Book Scheme which provides duty credits for exporters.
5) The Duty Free Import Authorization Scheme which allows duty-free imports of export production inputs.
6) Special schemes
Export managment
Export means the transaction of products and services from one nation to others. Export goods are given to international end users by domestic producers. Export management is the use of the managerial process to the serviceable area of exports.
Export procedures
This document outlines the key steps and procedures involved in exporting goods from India. It discusses registering with the relevant authorities, obtaining necessary licenses and documents like IEC numbers, producing the goods, clearing customs, and arranging shipment. It also covers important export documentation like the proforma invoice, GR form, shipping bill, and negotiating payments through an L/C with a bank. The overall process involves planning the offer, production, inspection, shipment, and payment realization activities to successfully export goods.
Import export assignment
- Flying King Exports and Imports Company was established in Kollam, Kerala to develop business both within India and overseas through maintaining product quality, price competitiveness, and high service standards.
- The company exports and imports a variety of food, general, and metal products. It follows all necessary export and import procedures like obtaining licenses, adhering to quality standards, and completing customs clearances and paperwork.
- The import procedure involves submitting a bill of entry, cargo declaration, invoices, licenses, certificates, and declarations to customs officials for clearance and assessing duties. Adhering to proper documentation and procedures ensures legal and smooth import/export of goods.
Import and export - What is difference between import and export?
Importing involves bringing goods and services into a country, while exporting involves selling goods and services produced domestically to other countries. The key difference is that import involves purchasing items from other nations to sell domestically, while export involves selling items produced within a nation to other countries. International trade through import and export is important for countries to access resources they do not have domestically. Certification in import and export management can qualify students for careers in international trade by demonstrating their expertise in international business practices, documentation, trade terms, and regulations. Training facilities in the UAE like Zabeel Institute offer import and export certification courses and help students prepare to pass the required exams.
Customs procedure In India
The slide higlights import export procedure India
i.e. the customs procedure. It is based on 4th sem MCom syllabus of BU
Export procedure and documentation
Export documentation serves several important purposes: to indicate ownership of goods, keep shipments on schedule, obtain payment, and describe cargo. It also facilitates customs clearance. There are many documents an exporter must prepare to arrange shipments. Multiple government agencies and organizations are involved in international trade transactions and exporters must comply with their rules. Poor documentation can lead to problems like payment delays and additional costs to fix issues. The Adapted Documentation Systems methodology in India aims to standardize export documents for efficiency. It creates a "Master Document" containing common information across aligned documents of uniform size. This simplifies information requirements and reduces the time and effort of documentation.
LICENCING PROCEDURE FOR EXPORT AND IMPORT
INTRODUCTION
Setting-up an export business requires basic documentation such as a Permanent Account Number (PAN card), Importer Exporter Code (IEC) from DGFT office and opening a bank account.
Other key factors include knowledge of trading systems, FTP and Industrial Policy, access to market information, ensuring product quality and compliance with export procedures & documentation.
Establishing of export firm
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
Import Management
This ppt is about import and its benefits, custom and its objective, payment method, incoterms, risk involved in import, port operation, bill of lading etc.
Import Procedures in india
The document provides information on import procedures and regulations in India. It discusses that imports are governed by the Foreign Trade (Development & Regulation) Act of 1992 and outlines the key steps, which include selecting an import product, obtaining an Importer-Exporter Code, applying for an import license if required, and finalizing import contracts considering pricing terms and INCO terms. Key import schemes like Export Promotion Capital Goods and Duty Exemption are also summarized.
Registration formalities of export in India
This document provides information on the various registrations and licenses required for starting an export business in India. It discusses obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is mandatory for any import or export activity. It also summarizes the process for registering with other authorities such as sales tax, central excise, Export Credit Guarantee Corporation for export credit insurance, and membership in export promotion councils. The document outlines the key requirements and documents needed for applying for an IEC number and highlights some exemptions. It stresses the importance of checking that export items do not fall under the Negative List requiring licenses or prohibitions.
Central excise clearance
This document outlines the central excise clearance procedure in India. It discusses that central excise duty is levied on goods manufactured in India for domestic consumption. There are two main types of assessment: self-assessment where the manufacturer declares and pays the duty, and assessment by a central excise officer. Goods can be cleared either with payment of duty, or without payment under a bond/letter of undertaking by providing proof of export within 6 months to claim rebate. The key steps involve applying for an ARE-1 form, sealing and examining goods, dispatching with copies to different authorities, and claiming rebate by providing shipping documents to bond authorities.
export Oriented Unit
This document provides an overview of Export Oriented Units (EOUs) in India. EOUs were established to boost exports by enabling additional production capacity with minimum value addition. Their key objectives are to transfer latest technologies and stimulate direct foreign investment. EOUs are required to achieve a positive net foreign exchange over 5 years and maintain input/output norms. In return, EOUs receive benefits like duty-free imports, excise and sales tax exemptions, ability to sell in the local market, and 100% foreign ownership. Major sectors for EOUs include food processing and coffee.
steps of export from india
The document outlines the steps involved in exporting rice from India, including obtaining necessary licenses and permits, finding buyers, negotiating contracts, arranging transportation and shipping, completing customs and exchange control formalities, and using various export documents. Some key points are that India is a major global exporter of rice, key import markets include Middle Eastern, African, and some European and North American countries, and following proper procedures and knowing regulations and competition are important for a profitable rice export business from India.
Export incentives & Exemptions
We are pleased to attach here with valuable information shared about Export Incentives & Exemptions offered by Government of India, a detailed power point presentation presented by Shalishkumar-CEO, Export Import Bureau of India as speaker at WESCON - 2014 seminar held at Vadodara on 27h June 2014.
Pre-shipment Inspection WTO Prepared by Abubakar Bhatti
This document discusses pre-shipment inspection (PSI), which involves verifying goods before export to ensure compliance with import regulations. It outlines how PSI works, providing benefits like certification and streamlined customs. Key aspects covered include non-discrimination in application, transparency, avoiding conflicts of interest or delays. Price verification compares to similar goods, while an appeals process and independent review of disputes are established. Member countries must notify laws and review the agreement periodically.
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Import and export - What is difference between import and export?
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Pre-shipment Inspection WTO Prepared by Abubakar Bhatti
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The document summarizes various export promotion incentives and policies available to Indian exporters, including tax exemptions, duty drawbacks, import concessions, and special economic zones. It discusses sales tax/VAT exemptions, excise exemptions, duty drawback rates, income tax concessions, import concessions like the Export Promotion Capital Goods Scheme and Duty Free Import Authorization Scheme, and special zones like Special Economic Zones, Export Oriented Units, and Software Technology Parks that provide tax holidays and other benefits.
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The document discusses regulations around the export of goods and services from India according to the Foreign Exchange Management Act (FEMA). It notes that export trade is regulated by the Directorate General of Foreign Trade, and that the Reserve Bank of India has notified regulations and a master circular related to exports. It provides details on requirements for exporters such as submitting declaration forms, realizing export proceeds within a certain time period, and restrictions on certain export payments and accounts.
Acl ppt
This document summarizes a summer training project conducted at Akbar Corporation Limited, an export-oriented handicraft manufacturing company in Moradabad, Uttar Pradesh. The objectives of the study were to understand export procedures in international markets and how Akbar Corporation exports to foreign markets. Key findings include that quality, design, and developing business in foreign markets day-to-day are important for increasing sales. Akbar Corporation is a green card holder firm promoted by the Government of India to encourage export-oriented units. The training provided insight into export procedures and international trade.
FEMA Compliance on Export of Goods and Services.pdf
Exporters must adhere to FEMA regulations when dealing with the export of goods/services. Compliance ensures legality, proper documentation, and adherence to foreign exchange norms, securing seamless international trade.
Export & import
This document provides information about import and export processes. It defines key terms like import, export, importer, exporter and discusses the balance of trade. It outlines the types of imports and exports and explains the steps involved in export like registering, negotiating terms of sale, understanding documentation and customs formalities. It also discusses modes of payment, advantages and disadvantages of import and export, and institutions that support international trade like EXIM Bank, ECGC and provisions in the foreign trade policy regarding excise duty and customs duty.
Eeb exim policy
This document summarizes India's export-import policy from 2009-2014, including provisions around exports, imports, and capital account convertibility. Key points include:
- Mandatory IEC numbers for exports/imports and restrictions on imports of secondhand goods/capital.
- Free exports with some ITC(HS) restrictions and import/export limits on gifts.
- Promotional schemes like MAI, Brand Promotion, Towns of Export Excellence, and SFIS to accelerate export growth.
- Duty exemption schemes like Advance Authorization and DFIA allow duty-free imports of production inputs.
Assignment on export and import procedures of flying king exports and imports...
The document provides information on the export and import procedures of Flying King Exports and Imports Company. It discusses the company's background, objectives, quality policy, products and services related to export and import of items like food products, general products, and scrap metals. It also describes the export procedures including obtaining necessary registrations and licenses, quality inspections, and packaging and labeling of goods. The import procedures involve registration, restrictions on prohibited or regulated items, clearance requirements like filing a bill of entry, assessment of duties, and examination of goods. Detailed customs processes for clearance of imported and exported goods including documentation and assessment are also summarized.
Advance authorization scheme (aas).pptx (2)
Best chartered accountant services in India with all kind of Tax and accounting. Our experienced and qualified chartered accountant professionals can help you in managing your personal or corporate finances effectively.
Export import for ss is 1
The document provides information on exports and imports for small and medium enterprises and businessmen. It discusses the legal framework for exim trade in India and outlines the key laws governing imports and exports. It also summarizes the mandatory and voluntary registrations required for importers and exporters, including Importer Exporter Code (IEC), Registration Certificate from Export Promotion Councils, and memberships. Finally, it outlines various terms of payment commonly used in international trade such as advance payment, letter of credit, open account, and deferred payment terms.
EXPORT IMPORT
The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import where the overseas based seller is referred to as an "exporter". Thus an import is any good(e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Imported goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.
Export procedures for agro based products
The document outlines the procedures for exporting agro-based products from India. It discusses establishing an export firm including necessary registrations, obtaining an Importer-Exporter Code number, export licensing, documentation requirements, and categories of export finance. Key steps include selecting a commodity, finding foreign buyers, ensuring proper documentation, and understanding export categories and financing options.
#Merchant Exports – A Complete Analysis# By SN Panigrahi
#Merchant Exports – A Complete Analysis# By SN Panigrahi
Merchant Export is a popular term used in Foreign Trade, is a method of Trading Export which is equally important to the manufacturer-exporter. The person who is engaged in the merchant export is called as 'Merchant Exporter'.
“Merchant Exporter" means a person engaged in trading activity and exporting or intending to export goods. They may not have their own manufacturing unit or processing facility.
Merchant Exporters are instrumental in a boosting of country’s exports especially products from MSME and small manufacturers. Merchant exports generates the foreign exchange for the Country like normal exports and is mainly engaged in export of goods and not services.
Merchant Exporters account for around 35 percent of the total exports, help boost outbound Merchandise Shipments.
Export procedure presentation
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
jenny.pptx
The document discusses various export promotion organizations in India, including Export Promotion Councils (EPCs), Commodity Boards, and the Federation of Indian Export Organizations (FIEO). It provides details on the roles and functions of EPCs in promoting exports and assisting exporters. It lists the major EPCs and Commodity Boards in India and the products each covers. It also summarizes the key activities and services provided by FIEO, which serves as the apex trade promotion organization in India.
Dgft
The Director General of Foreign Trade (DGFT) is responsible for formulating and implementing India's foreign trade policy. It is the governing body for import-export codes and standards. DGFT works to promote exports and ease imports through various schemes. It regulates transit of goods according to bilateral treaties. DGFT grants Importer-Exporter Codes, maintains a list of restricted items, examines trade barriers, and provides grievance redressal. Its roles include policy research, import-export facilitation, and developing export infrastructure through special zones and schemes.
TRADE POLICY OF PAKISTAN
The document summarizes Pakistan's trade policy framework for 2012-2015. Key points include:
- The policy was approved by Prime Minister Raja Pervaiz Ashraf and announced by the Commerce Minister in 2012.
- Its objective was to achieve high economic growth through exports. It included measures like export financing schemes, import duty markups, and establishing an export import bank.
- It aimed to promote regional trade, especially with China, Iran and Afghanistan, and attract new investment in export industries through special economic zones.
Strategy of doing export business
The presentation comprehensively presents about different aspects of export business and policy provision to operate the export business
IB-EPC.pdf
The Export Promotion Councils (EPCs) are non-profit organizations established by the Government of India to promote exports. They are autonomous bodies that operate under the Ministry of Commerce. Each EPC is responsible for promoting a particular group of products, projects, or services. Their objectives are to project India's image as a reliable supplier abroad, encourage adherence to standards, and assist members in identifying export opportunities. EPCs provide various services to members like market information, advice on quality, technology, and standards, and organizing trade fairs and delegations. They also collect export statistics and act as an interface between exporters and the government.
International trade : Policy perspective and Startup strategy
It is a comprehensive presentation on foreign trade starting from what is export to how to take post export incentive benefits and how to operate export firm, market, and product strategy, sell contract, risk management, policy provisions, different export promotion schemes, etc.
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Exportimportdocumentationandstepsforsuccessful 110906103348-phpapp01
- 3. Export / Import – Terms / Definitions Exporter means a person who exports or intends to export and holds an importer – exporter code number unless otherwise specifically exempted Categories of Exporters Manufacturer Exporter – Manufacturing activity Merchant exporter – trading activity AEZ – Agricultural export zone notified by DGFT
- 4. BTP – biotechnology park EHTP – electronic hardware technology park EOU – export oriented unit Service provider – supply of service from India to any other country. SEZ – special economic zone notified by ministry of commerce and industry.
- 5. Status holder – exporter recognized as export house / trading house by DGFT STP – software technology park Importer – a person who imports or intends to import and holds an importer – exporter code number unless otherwise specifically exempted.
- 6. Actual user Either industrial or non industrial Capital goods – plant, machinery, equipment or accessories required for manufacture & production Drawback Rebate on duty chargeable on any imported material or exercisable material used in the manufacture of goods which has been exported
- 7. Exercisable goods Goods produced or manufactured in India and subject to a duty of excise under the central excise act Export obligation The obligation to export the product or products covered by the authorization or permission in terms of quality value of both, as may be prescribed or specified by the competent authority. Infrastructural facilities Industrial, commercial and social infrastructure or any other facility for the development of the special economic zone as notified.
- 8. Third party exports Export made by exporter or manufacturer on behalf of another exporter, in such case shipping bills shall indicate the name of both the exporter / manufacturer and exporters.
- 9. Export information Various publications of chambers of commerce Export promotion councils Banks & other institutions engaged in international trade Private publications / project reports available on certain fees.
- 10. Export commodity / product selection Manufacturing capacity / manufacture export Availability of the manufactured goods – merchant exporter Demand on importing country Policy, regulation in exporter / importer countries Total profitability taking into account incentives available Import replenishment available if any.
- 11. Quota fixation if any in both the countries Knowledge & experience of similar exporter in various countries
- 12. Obtaining particulars of foreign buyers Trade representatives of foreign govt. In India Indian trade representatives abroad Export promotion councils & commodity boards, govt. & semi govt. agencies International trade directories Yellow pages Participating / visiting in international trade fairs & exhibitions in India & abroad
- 13. Reading materials Newspapers, trade bulletins, magazines, journals published by various agencies. Advertising in Indian as well as foreign newspaper, magazines & journal. Relatives, friends & other contacts in foreign countries.