Export – import documentation and steps for successful

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Transcript of Export – import documentation and steps for successful

- Akshay Samant

Export / Import – Terms / DefinitionsExporter means a person who exports or

intends to export and holds an importer – exporter code number unless otherwise specifically exempted

Categories of ExportersManufacturer Exporter – Manufacturing

activityMerchant exporter – trading activityAEZ – Agricultural export zone notified by

DGFT

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.

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.

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

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.

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.

Export informationVarious publications of chambers of

commerceExport promotion councilsBanks & other institutions engaged in

international tradePrivate publications / project reports

available on certain fees.

Export commodity / product selectionManufacturing capacity / manufacture exportAvailability of the manufactured goods –

merchant exporter Demand on importing countryPolicy, regulation in exporter / importer

countriesTotal profitability taking into account

incentives availableImport replenishment available if any.

Quota fixation if any in both the countriesKnowledge & experience of similar exporter

in various countries

Obtaining particulars of foreign buyersTrade representatives of foreign govt. In

IndiaIndian trade representatives abroadExport promotion councils & commodity

boards, govt. & semi govt. agenciesInternational trade directories

Yellow pagesParticipating / visiting in international trade

fairs & exhibitions in India & abroad

Reading materialsNewspapers, 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.