MARBLE AND GRANITE COMPANY

Shivani[Pick the date]

Granite and marble export from india

There are several items that marble and granite exporters from India supply to different countries to all continents of the world. These items for which marble and granite are in highest demand are myriad flooring tiles, handicrafts, stone fire place, stone pillars, table tops, stone fountain, stone figure, etc. Clients usually prefer a marble or granite supplier with most varieties available for them to choose. The granite or marble exporters from India who are prominent have all the necessary infrastructure and skilled manpower for carrying it out efficiently.The stone furniture and ornamental stuff are not lacking in aesthetics with fascinating design brought about by innovative and precision perfect skills in craftsmanship. Marble and granite supplier from India who is involved in exports has state of the art processing plants, mechanized tilling plants, cohesive staff backed by clinically efficient professional marketing network. These aid the granite and marble exporters to deliver quality goods to their clients at competitive prices. What helps some of these companies in prompt delivery to their clients is the location of their business site which is strategically beneficial.A supportive and co-operative group forms the greatest asset and infrastructure for any successful company. This needs the team of professionals to be dedicated for webbing the threads of achievements and growth by the dint of their uncompromised professionalism. They need to be well capable of taking care of every department, i.e. from purchase of raw materials to delivery of goods. The outlets of a granite supplier, if situated in strategic locations are a good way for them to reach out to a lot of people. The adequate stocking of these stones in these strategic locations enables them to fulfill their requirements at any given date. Some granite and marble exporters have many satisfied clients spread across the world. The demand for these marble and granite stones can be most exacting and the slightest of compromise in the quality is not acceptable to the clients. The clients whom granite and marble exporters cater to are usually architects and builders or home makers with exquisite tastes. They would want to ensure that all the standards are satisfactorily met when purchasing the marble or granite stones from the suppliers. This is where the good suppliers are differentiated from the average ones. The good granite and marble exporters would take pains to ensure the quality of the natural stone products meet all the norms and standards of the importer country.

About Us

We are Arvind Construction Company, a company with a progressive and professional approach aiming at undertaking civil construction works in India as well as abroad. Our company is one of the leading construction organizations in the Indian sub-continent and have successfully executed various construction jobs of high reputation both in the country as well as abroad. We had started with an annual turnover of about Rs.2 Million (Rs.20 lacs) in the first few years, which has now grown to an annual turnover of Rs.14720 Million (Rs.147 crores) in the recent past. We have also signed Five MOU's with the Himachal Government for setting up Mini Hydel Projects, totaling to about 15 MW in Sirmour District on Build-Own-and-Operate-Basis.

Established in the year 1962, at New Delhi, we have consistently worked with the objective of business ethics and management techniques and have made an all-round growth in activities of diversified nature. As an organization, we have successfully diversified into mining of Chrome Ore and Iron Ore and manufacture of Concrete Sleepers for Railway, Health Care, Investment Finance activities and Exports of Natural stone. Our subsidiary Arvicon International is one of India's prime natural stone mining & processing company.

About Arvicon International

Arvicon International is among the top 5 natural stone exporters in North India and is exporting more than 1800 TEU's annually. It offers marble, granite, sandstone and limestone in forms of tiles, blocks, slabs, mosaics etc. The array of natural stones offered is known for more exacting standard and ultimate beauty & endurance. The company believes in continually upgrading its processing techniques and embracing the latest technology to enhance product quality & variety. Arvicon directly employees 75 professionally qualified trained professionals and executives and indirectly through sub contractor and sub supplier, there are more than 800 workers working exclusively for Arvicon International. The company has developed and invested in substantial infrastructure and stocks to meet the requirement of its customers. During the several years of industry presence years, Arvicon has gained diverse experience of working with varied clients and meeting their specific requirement.

Arvicon's InfrastructureArvicon has a well laid processing unit at Hattipura , Bundi, which caters to the varied and specific demands of natural stone processing. The facility are well equipped with efficient machines to process natural stones material and deliver optimum variety & finishing. The company has its branch office in Kota , Rajasthan, which primarily co-ordinates with all mines and site units. It also has its stock yard in Kota Industrial Area , which specifically caters to materials coming from mines outside the state of Rajasthan. The other stockyard is at Bijolia Mines Area , which is situated almost in the center of all the sandstones mines near Kota and is used specifically for hand-cut tiles.

With corporate office at Delhi , the company executes all it's product designing and export monitoring from this office. Well equipped facility and efficient networking has enabled Arvicon to export Indian natural stones across all markets in Europe and Latin and Southern America. 

Human PotentialArvind Construction Company is a professional organization, managed by esteemed Board of Directors. Managing Director Mr. B.P. Jain has an experience of over 54 years in the field of construction management and finance. Two of our Directors are engineering graduates with an experience of over 31 years in civil construction projects.

In addition to our directors, we have a team of technocrats, engineers, marketing and financial experts with proven ability and sound track record headed by an Executive Director with an experience of more than 26 years in the civil construction projects. Over the years, each of them have further developed their managerial talent and are today capable of handling successfully planning, management and construction of civil, mechanical and electrical works of different projects.

Arvicon International directly employees 75 professionally qualified trained professionals and executives and indirectly (through sub contractor and sub supplier) there are more than 800 workers working exclusively for Arvicon International. The company has developed and invested in substantial infrastructure and stocks to meet the requirement of its customers.

AchievementsWell known name in the domestic as well as international markets. We have worked on various prestigious projects in India as well as abroad. With years of experience, we Arvind Construction Company, have grown as an organization and have become a Some of them are as follows:

In India

Construction of Blast Furnace, Cold Rolling Mill and Hot Rolling Mill for Bokaro Steel Plant.

Construction of Earthen Dams across River Panzara. The work of Site Levelling for Singrauli Super Thermal Power Project in

Uttar Pradesh. Excavation of Rock & Coal at Nirsa. Construction of Upper Sindh Hydel Project Stage II, Kangan (J&K). Civil works including construction of Switch yard, Turbine & Equipment

Foundation, Control Building & other Utility Buildings and Electrical works for the construction of 4 x 25 MW Gas Based Power Project at Pampore, Srinagar.

Since 1985, Company is engaged in removal of Chrome Ore at South Kaliapani Mines in Orissa

Overseas

Construction of Council of Ministers Building at Baghdad, Iraq with high quality of finishing using Marble and Granite on Floors and Walls.

Construction of 270 Houses on turn-key basis, for Samawa Cement Public Company at Samawa, Iraq, having covered area of 30,000 sq.m.

Construction of Mussayeb-Samawa Railway Project at Samawa, Iraq. Construction of Al-Muthanna Cement Factory Branch Line Project at

Samawa, Iraq.

Mining and Manufacturing Activities

Mining and processing of Kota Stone at Kota (1 million sq.ft.per year) Manufacture of Prestress Concrete Sleepers for Indian Railways (250,000

sleepers per year) Mining and processing of Iron Ore near Barbil (100,000 MT per year

MembershipArvind Construction Company's excellence and diligence for perfection has made it a member of:

Project Exports Promotion Council of India PHD Chamber of Commerce & Industry Central Builders Association. Engineering Export Promotion Council India USSR Chamber of Commerce & Industry CAPIXIL

ClientèleSince incorporation, we as Arvind Construction Company, have served diverse clients; we have a huge list of highly satisfied clients, in both India as well as across the borders. In order to amplify our encompassing role in the industry, we assist our customers to make business deals feasible at a competitive market price. Our clientèle includes Government of India, NTPC, IRCON, Indian Railways, BHEL, Government of Iraq and several other Statutory Authorities in India, large import houses in Europe and Latin America.

Products

Granite Limestone Sandstones

Marbles Pebblestones Slates

Quartzites Stone Articles Mosaics

Coping

Granite Limestone

Sandstones Marble

Pebblestones

Application Gallery

Stone Veneer can be applied over: concrete, ceramic, wood, metal, plywood, fiberglass, backer board, tile, dry wall, painted surfaces, MDF, Masonite, door skins, cabinetry and many other substrates as well. Arvicon International. has helped to develop a lightweight flexible stone veneer that is poised to

revolutionize the aesthetic stone surfacing market. This new veneer can be used in many applications with different purposes.

Houses Indoors and Outdoors

Restaurants and Bars

Office Buildings

Doors, Cabinets and Others

Kitchens

Bathrooms

Houses Indoors and Outdoors

Restaurants and Bars

Office Buildings

Doors, Cabinets and Others

Kitchens

-

Bathrooms

General Information

Flexible stone veneers have been used in a number of unique and distinct applications.

Architectural uses include building facades, interior walls, flooring, columns,

shower walls and much more. It is an attractive addition to many decors due to the products ease of installation and the ability to apply the product in areas where stone or masonry previously would not have been considered.

Stone veneers have also been used for the manufacturing of indoor/outdoor planters, custom residential/commercial water features, and automotive, marine and RV paneling.

Benefits

For millions of years, layer upon layer of earth's materials have formed various metamorphic rock layers we now call slate, mica, and sandstone. We also know them as durable stones used for floors and patios cut only with diamond saws then mortared into place and usually grouted along the edges. Generally easy to work with, but quite heavy and improbable in many applications, these solid stones have been the only practical means of creating that real stone look.

Veneer is a lightweight, flexible, colorful and unique stone veneer with unlimited application possibilities. The introduction of this exciting new material addresses a large need for a flexible, adaptable, durable and weather resistant stone veneer.Green & SustainableDesign Green with Veneer. Transportation cost, fuel and space are saved in normal shipping and handling compared to standard stone or tile products because of its extreme lightweight. Additional savings in packaging materials are an added benefit when compared with stone or tile products.

FEATURES BENEFITS

A totally new stone veneer for indoors or out.

10 real stone veneers for wall and other surface adhesion.

Lightweight and Green Shipped with less cost than traditional stone

Flexible Can be bent to fit tight curves

Thin Fiberglass protection Creates a hard moisture barrier to water and impacts

Easy cutting and adhesion Can be cut with hand sheers for adhesion with a number of construction grade adhesives

Sealers Most standard stone or wood sealers work wll and enhance colors

Large sheets save labor Saves installation labor by fast lay-up with no wet saw

Lamination Easily laminated to other substrate

Grout Can be post grouted for any standard grout size

Sustainable Utilizing only what is needed from a stone quarry

Sampling PolicyAt Arvicon International, we have gained diversified experiences in our journey of 70 years, in the Indian natural stone industry. In the initial days, we invested good sum of money in offering free samples, courier cost etc. But to the contrary, the final result was not profitable rather it hardly tuned any query to a deal. We did not receive any feedback from the parties regarding approval or dis-approval of the samples sent or the price quoted, thus leading to disappointments and discouragement on our part.

With time we decided to modify our sampling practices and started with paid samples. Wherein, the customers were required to pay for samples of expensive stones such as Black Galaxy, Sun Mint etc., and also for the courier charges. For stones that were not very expensive, we are charged the courier cost only or sent the samples through customers' desired courier or from their account on to-pay basis. The results were were astonishingly positive. We started receiving quick response from the customers and in most inquiries turns into business. We did good business with the said sample policy.

However, we have amended the above policy to serve our customers, better. Presently, we are charging for samples of very expensive stones along with the courier cost or only courier cost if the products are not very expensive.The cost of aforesaid samples and courier is reimbursed to our esteemed customers once they place their order with us. We ensure that our customers do not suffer the initial sample or courier cost and always receive value-for-money spent.

This revised policy works out very nicely and most of the inquiries turns into business. The win-win situation between both the parties leads to to long term business associations and we hope all our esteemed clients will co-operate with us and understand the prima for our customer oriented sample policy.

Natural Stones from IndiaIndia is the home of exquisite natural stones. Indian natural stones have been used for centuries in constructing architectural marvels not only in India but other parts of world too. Almost all varieties of most popular natural stones are available in India. Some of them are marble, sandstone, granite, limestone, travertine, quartz and slate. The deposits of these natural stones are situated across the entire length and breadth of India, where the variety or type varies greatly from state to state. A brief overview of natural stone availability in India is given below:

Marble Reserves & Availability : A wide variety of Marbles with different surface appearance is available mostly in Western part of India in states of Rajasthan and Gujarat.

Granite Reserves & Availability : It is an estimate that about 25% of world's total granite deposit is available in India. Maximum concentration of deposits is recorded in Southern Peninsula at Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. Recent surveys and findings reveal granite sources in Eastern, Western and North Western India i.e., at Rajasthan, Gujarat, Maharashtra and Orissa. 

Sandstone Reserves & Availability : Sandstone deposits in India is widespread mainly in Rajasthan and Madhya Pradesh.

Slate Reserves & Availability : The slate stone deposits are mainly found in Rajasthan and sparingly in Haryana, Himachal Pradesh, Tamil Nadu and Andhra Pradesh.

Limestone Reserves & Availability : Limestone reserves are found in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Andhra Pradesh. 

Disambiguated Data of Natural Stones in IndiaThe varied topography of central highlands and major Plateaus of India blesses the country with a variety of natural stones in different parts. The different varieties of stones and their kinds are given below :

Rajasthan : Rajasthan is an eminent place in India when it comes to quarrying and mining. Due to its unique landforms, the state has not only a huge reserve of natural stones but also the finest varieties in terms of appearance and pattens. The prominent ones are :Marble Makrana, Rajsamand, Udaipur, Banswara, Jaipur

Sandstone Slate stone Flaggy Limestones

Andhra Pradesh : Andhra Pradesh has rich reserves of Granite and is the largest producer of the same. Most part of the state have quarries for Granite. Only some of these quarries in the world have deposits of rare and exclusive blue and white granite. The details of the natural stone found in Andhra Pradesh are given as follows :

Granite Jet Black, Black Galaxy, Blue, White Slate/Phyllite Marble

Tamil Nadu : Granite Black, Blue, White variantsTamil Nadu is a prominent place for quarrying in India because of two reasons. First, the state has some finest deposits of granite and other natural stone. Second, it has international seaport with excellent export infrastructure, facilitating an effective shipment for international destinations.

Karnataka : Karnataka has rich deposits of granites in varieties. The textures and colours of the granites available in Karnataka make them very much suitable for ornamental purposes. Famous granite stones extracted from the state include :

Pink Granite Grey granite

Pink migmatic granite

MARKETING AND PHYSICAL DISTRIBUTION:

ARVICON has the proven approach in Marketing that “zeros in” on customers needs. As a direct result of our international business experience, EXCEL has developed a number of enterprising export / import opportunities for our customers with an assortment of products.

We formed THE ARVICON INTERNATIONAL MARKETING SERVICES DEPARTMENT to develop opportunities, perform market research, and promote the sale and distribution of products on behalf of our clients.

Physical Distribution (Logistics) is the movement of an item from the place where it was made or grown to the place where it is used or consumed and our customers use our railcars to ship their raw materials or finished products to the market place.  

ARVICON can offer international business knowledge and methodology.

We can assist our customers in minimizing their physical distribution cost utilizing railroad transportation equipment and expanding our customers’ market share.

Above all else, we provide quality SERVICES to our customers.

PRE-SHIPMENT FINANCE

ARVICON uses Pre Shipment which is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to:

Procure raw materials. Carry out manufacturing process. Provide a secure warehouse for goods and raw materials. Process and pack the goods. Ship the goods to the buyers. Meet other financial cost of the business.

Types of Pre Shipment Finance

Packing Credit Advance against Cheques/Draft etc. representing Advance Payments.

Preshipment finance is extended in the following forms :

Packing Credit in Indian Rupee Packing Credit in Foreign Currency (PCFC)

Requirment for Getting Packing Credit

This facility is provided to an exporter who satisfies the following criteria

A ten digit importerexporter code number allotted by DGFT. Exporter should not be in the caution list of RBI. If the goods to be exported are not under OGL (Open General Licence), the

exporter should have the required license /quota permit to export the goods.

Packing credit facility can be provided to an exporter on production of the following evidences to the bank:

1. Formal application for release the packing credit with undertaking to the effect that the exporter would be ship the goods within stipulated due date and submit the relevant shipping documents to the banks within prescribed time limit.

2. Firm order or irrevocable L/C or original cable / fax / telex message exchange between the exporter and the buyer.

3. Licence issued by DGFT if the goods to be exported fall under the restricted or canalized category. If the item falls under quota system, proper quota allotment proof needs to be submitted.

The confirmed order received from the overseas buyer should reveal the information about the full name and address of the overseas buyer, description quantity and value of goods (FOB or CIF), destination port and the last date of payment.

Quantum of Finance

The Quantum of Finance is granted to us against the LC or an expected order. The only guideline principle is the concept of NeedBased Finance. Banks determine the percentage of margin, depending on factors such as:

The nature of Order. The nature of the commodity. The capability of exporter to bring in the requisite contribution.

 

Different Stages of Pre Shipment Finance

Appraisal and Sanction of Limits

1. Before making any an allowance for Credit facilities banks need to check the different aspects like product profile, political and economic details about country. Apart from these things, the bank also looks in to the status report of the prospective buyer, with whom the exporter proposes to do the business. To check all these information, banks can seek the help of institution like ECGC or International consulting agencies like Dun and Brad street etc.

The Bank extended the packing credit facilities after ensuring the following"

a. The exporter is a regular customer, a bona fide exporter and has a goods standing in the market.

b. Whether the exporter has the necessary license and quota permit (as mentioned earlier) or not.

c. Whether the country with which the exporter wants to deal is under the list of Restricted Cover Countries(RCC) or not.

Disbursement of Packing Credit Advance

2. Once the proper sanctioning of the documents is done, bank ensures whether exporter has executed the list of documents mentioned earlier or not. Disbursement is normally allowed when all the documents are properly executed.

Sometimes an exporter is not able to produce the export order at time of availing packing credit. So, in these cases, the bank provide a special packing credit facility and is known as Running Account Packing.

Before disbursing the bank specifically check for the following particulars in the submitted documents"

a. Name of buyerb. Commodity to be exportedc. Quantity

d. Value (either CIF or FOB)e. Last date of shipment / negotiation.

The quantum of finance is fixed depending on the FOB value of contract /LC or the domestic values of goods, whichever is found to be lower. Normally insurance and freight charged are considered at a later stage, when the goods are ready to be shipped.

In this case disbursals are made only in stages and if possible not in cash. The payments are made directly to the supplier by drafts/bankers/cheques.

The bank decides the duration of packing credit depending upon the time required by the exporter for processing of goods.

The maximum duration of packing credit period is 180 days, however bank may provide a further 90 days extension on its own discretion, without referring to RBI.

Follow up of Packing Credit Advance

3. Exporter needs to submit stock statement giving all the necessary information about the stocks. It is then used by the banks as a guarantee for securing the packing credit in advance. Bank also decides the rate of submission of this stocks.

Apart from this, authorized dealers (banks) also physically inspect the stock at regular intervals.

Liquidation of Packing Credit Advance

4. Packing Credit Advance needs be liquidated out of as the export proceeds of the relevant shipment, thereby converting preshipment credit into postshipment credit.

This liquidation can also be done by the payment receivable from the Government of India and includes the duty drawback, payment from the Market Development Fund (MDF) of the Central Government or from any other relevant source.

In case if the export does not take place then the entire advance can also be

recovered at a certain interest rate. RBI has allowed some flexibility in to this regulation under which substitution of commodity or buyer can be allowed by a bank without any reference to RBI.

Overdue Packing

5. Bank considers a packing credit as an overdue, if the borrower fails to liquidate the packing credit on the due date. And, if the condition persists then the bank takes the necessary step to recover its dues as per normal recovery procedure.

Special Cases 

Packing Credit to Sub Supplier

1. Packing Credit can only be shared on the basis of disclaimer between the Export Order Holder (EOH) and the manufacturer of the goods. This disclaimer is normally issued by the EOH in order to indicate that he is not availing any credit facility against the portion of the order transferred in the name of the manufacturer.

This disclaimer is also signed by the bankers of EOH after which they have an option to open an inland L/C specifying the goods to be supplied to the EOH as a part of the export transaction. On basis of such an L/C, the subsupplier bank may grant a packing credit to the subsupplier to manufacture the components required for exports.On supply of goods, the L/C opening bank will pay to the sub supplier's bank against the inland documents received on the basis of the inland L/C opened by them.

The final responsibility of EOH is to export the goods as per guidelines. Any delay in export order can bring EOH to penal provisions that can be issued anytime.

The main objective of this method is to cover only the first stage of production cycles, and is not to be extended to cover supplies of raw material etc. Running account facility is not granted to subsuppliers.

In case the EOH is a trading house, the facility is available commencing from the

manufacturer to whom the order has been passed by the trading house.

Banks however, ensure that there is no double financing and the total period of packing credit does not exceed the actual cycle of production of the commodity.

Running Account facility

2. It is a special facility under which a bank has right to grant preshipment advance for export to the exporter of any origin. Sometimes banks also extent these facilities depending upon the good track record of the exporter. In return the exporter needs to produce the letter of credit / firms export order within a given period of time.

Preshipment Credit in Foreign Currency (PCFC)

3. Authorised dealers are permitted to extend Preshipment Credit in Foreign Currency (PCFC) with an objective of making the credit available to the exporters at internationally competitive price. This is considered as an added advantage under which credit is provided in foreign currency in order to facilitate the purchase of raw material after fulfilling the basic export orders.

The rate of interest on PCFC is linked to London Interbank Offered Rate (LIBOR). According to guidelines, the final cost of exporter must not exceed 0.75% over 6 month LIBOR, excluding the tax.

The exporter has freedom to avail PCFC in convertible currencies like USD, Pound, Sterling, Euro, Yen etc. However, the risk associated with the cross currency truncation is that of the exporter.

The sources of funds for the banks for extending PCFC facility include the Foreign Currency balances available with the Bank in Exchange, Earner Foreign Currency Account (EEFC), Resident Foreign Currency Accounts RFC(D) and Foreign Currency(NonResident) Accounts.

Banks are also permitted to utilize the foreign currency balances available under Escrow account and Exporters Foreign Currency accounts. It ensures that the requirement of funds by the account holders for permissible transactions is met. But the limit prescribed for maintaining maximum balance in the account is not

exceeded. In addition, Banks may arrange for borrowings from abroad. Banks may negotiate terms of credit with overseas bank for the purpose of grant of PCFC to exporters, without the prior approval of RBI, provided the rate of interest on borrowing does not exceed 0.75% over 6 month LIBOR.

Packing Credit Facilities to Deemed Exports

4. Deemed exports made to multilateral funds aided projects and programmes, under orders secured through global tenders for which payments will be made in free foreign exchange, are eligible for concessional rate of interest facility both at pre and post supply stages.

Packing Credit facilities for Consulting Services

5. In case of consultancy services, exports do not involve physical movement of goods out of Indian Customs Territory. In such cases, Preshipment finance can be provided by the bank to allow the exporter to mobilize resources like technical personnel and training them.

Advance against Cheque/Drafts received as advance payment

6. Where exporters receive direct payments from abroad by means of cheques/drafts etc. the bank may grant export credit at concessional rate to the exporters of goods track record, till the time of realization of the proceeds of the cheques or draft etc. The Banks however, must satisfy themselves that the proceeds are against an export order.

EXPORT procedure and documents

Export procedure involve several activities. These activities are classified into five stages:-

1>PRELIMINARIES:-

IMPORTER-EXPORTER CODE NUMBER(IEC NUMBER):

Individuals and business firms intending to export services should obtain an importer exporter number from the regional licensing authorities, unless exempted by DGFT. Thus number mentioned is shown in documents.

MEMBERSHIP IN CERTAIN BODIES:

After obtaining the IEC number, the exporter may obtain membership in certain bodies like Export Promotion Council. Membership in these organizations, help the exporters regarding information and documentation.

REGISTRATION:

The exporter have to register themselves with the export promotion council, sales tax authorities etc,

2>OFFER AND RECEIPT OF CONFIRMED ORDER:-

Offer is the proposal submitted by an exporter expressing his intention to export specific goods at a specific price with specific terms and conditions. Exporter usually makes an offer in the form of a “Proforma Invoice”

The proforma invoice includes the following items:

NAME OF THE BUYER:

The complete name and address of the buyer

DESCRIPTION OF GOODS:

A brief description of goods indicating technical, physical and chemical features.

PRICE:

Unit wise and total price of the goods in internationally accepted currencies or mutually agreed currencies. It should also cover the quantity discounts and cash discounts both in unit wise and total.

CONDITIONS OF SALE:

Conditions of sale should be incorporated in detail. Important among them are:

Validity, escalation clause, delivery schedule, inspection, force majeure clause.

PAYMENT TERMS:

Payment terms like letter of credit, bill of exchange etc. should be included.

OTHER OBLIGATION:

Other obligation of the following nature should also be included:

Post sales services to be provided by the exporter. Providing spare parts. Warranty/guarantee for the equipment/technology.

CONFIRMED ORDER:

The buyer sends the confirmed order to the exporter by signing the duplicate copy of the invoice by the importer becomes the confirmed order.

EXPORT LICENCE:

The exporter has to obtain the export licence from authorities concerned, if the items to be exported require a licence.

3> PRODUCTION/PROCUREMENT OF GOODS:

The exporting house after obtaining a confirmed order should produce the goods exactly as specified in the invoice. If the exporting house does not have production facilities, it has to procure the products from others.

PACKING AND MARKING:

After the goods are procured, the exporter should arrange for packing and marking as per the international standards prescribed by various bodies. The Bureau of Indian Standards has prescribed packing standards for certain items.

QUALITY CONTROL AND PRE-SHIPMENT INSPECTION:

The exporter has to arrange for quality control and pre-shipment inspection in order to ensure the quality of products as indicated in the invoice.

EXCISE DUTY REBATES:

Government has exempted the goods meant for exports from the imposition of excise duty. Exporters can export the excisable goods either under claim for rebate of excise duty or in bond without payment of duty. Exporter has to submit the following forms for rebate after the excise duty is paid.

Gate pass, GP-1 AR-4 Form

4>SHIPMENT:

Transporting the goods is done by ship. Regarding it our company contact with shipment companies for space, after getting the confirmed order. The shipping company issues shipping advice or shipping order, depending upon the requirement.

CUSTOMS CLEARANCE:

The company has to get custom clearance of the goods before, they are loaded on the ship. Customs authorities accord their formal approval after scrutinizing complete set of shipping documents,copies of shipping bill etc.

These documents includes:

PROFORMA INVOICE (ORIGINAL AND DUPLICATE) GR-I FORM(IN DUPLICATE) AR-4 FORM(IN ORIGINAL AND DUPLICATE) EXPORT LICENCE(IF REQUIRED) LETTER OF CREDIT COVERING THE EXPORT ORDER CERTIFICATE OF INSPECTION(WHERE NECESSARY) FORM OF DECLARATION(IN DUPLICATE) SHIPPING BILL(5 COPIES) QUALITY CONTROL INSPECTION CERTIFICATE(IF REQUIRED) PACKING LIST LETTER OF REGISTRATION CERTIFICATE

CARTING ORDER:

Once the goods are ready for export and the shipping order is available, the company approaches the superintendent of the concerned port trust for the latter’s permission to move the goods physically inside the port area. The superintendent of the port trust issues the order for moving the goods in to port area after verifying the shipping bill and shipping order.

CUSTOMS EXAMINATION OF CARGO AT DOCKS:

The customs authorities after checking the documents, check the products to be exported at the docks. The company arranges for physical check of the products in his factory or warehouse. The custom appraiser after checking the consignment, will seal the packages, after his satisfaction. Such packages are generally not checked again at the port, unless the bonafides of the exporter are doubtful.

LET SHIP:

After getting the approval from the customs officials, the exporter arranges for loading the products on the ship. Before loading takes place, the exporter’s forwarding agent has to get the permission from the preventive officer of the customs department. This permission is called the “LET SHIP ORDER”

MATE’S RECEIPT:

After the goods are loaded on the ship, the caption of the ship furnishes a document to the port superintendent. This document is called MATE’S RECEIPT.

PORT TRUST DUES:

The port trust authorities after receiving the Mate’s Receipt, from the caption of the ship, issues the Bill Of Lading to the exporter.

BILL OF LADING:

The company’s forwarding agent collects the Mate’s Receipt, and submits the same to the authorities and in turn collects the bill of lading from the port authorities.

The company’s forwarding agent provides the following documents to the exporter at this final stage. They are:

A copy of the invoice duly attested by the customs Drawback copy of the shipping bill Export promotion copy of the shipping bill Full set of ‘clean on board’ bill of lading together with the non-negotiable

copies The original letter of the credit Customer’s order or contract Duplicate copy of the AR-4 form

5>DOCUMENTS:

The company submits the relevant documents to his banker for getting the payment for the goods exported. Submission of relevant documents to the bank and the process of getting the payment from the bank is called ”Negotiating The Documents”. The set normally includes:

COMMERCIAL INVOICE:

This is the basic document in an export transaction. A commercial invoice is a bill for the goods from the buyer to seller. It contains a description of goods, the address of the buyer and seller, and delivery and payment terms. Commercial invoice may be prepared according to mutual agreement between the buyer and seller.

FREE ON BOARD(F.O.B) COST,INSURANCE AND FREIGHT(C.I.F) COST AND FREIGHT(C$F) FREE ALONG SIDE(F.A.S) EX.(NAMED POINT OF ORIGIN)

CONSULAR INVOICE:

A consular invoice sometimes is required by countries as a means of monitoring imports.

PROFORMA INVOICE:

A proforma invoice is an invoice, like a letter of from the company to the importer outlining the selling terms, prices and if the goods are actually shipped.

G.R.FORM:

This form has been prescribed by the Reserve Bank of India under FERA to ensure that the foreign exchange receipts in respect of exports are impatriated to India.

LETTER OF CREDIT:

A letter of credit is a document containing of a bank to honour drafts drawn on it by an exporter, under certain conditions and upto certain amounts, provided that the beneficiary fulfills the stipulated conditions.

BILL OF EXCHANGE:

A bill of exchange is a means of collecting payment from the foreign buyer through the banking channel. It is also a method of extending credit. There are the following important types of bill of exchange:

SIGHT BILL OF EXCHANGE ARRIVAL BILL OF EXCHANGE DATE BILL DOCUMENTARY BILL OF EXCHANGE

SHIPPING BILL:

This is a custom document. In fact, it is the main document on the basis of which the customs permission for export is given. The following three forms of the shipping bill are available with the custom authorities:

Shipping bill for free goods, for which there is no export duty Dutiable shipping bill for goods for which there is export duty Duty drawback shipping bill which is required for claiming the customs

drawback against goods exported

MARINE INSURANCE POLICY:

The goods that are exported may be subject to certain maritime pertails. The risks of such perils may be covered under MARINE INSURANCE POLICY.

BILL OF LADING:

A BILL OF LADING is a receipt for goods delivered to the common carrier for transportation, a contract for the services rendered by the carrier and a document of a title.

MATE’S RECEIPT:

This document is got from the caption of the ship or the mate, who is his assistant, and who can not allow the shipping of the goods unless the shipper presents to either of them a copy of the shipping bill and shipping order.

CERTIFICATE OF ORIGIN:

A certificate of origin indicates where the product originate from and usually is validated by an external source.

PACKING NOTE AND LIST:

An export packing list indicates that the type of package itemizes the material in each individual package indicates the type of package and is attached to the outside of the package. A packing note includes the following things:

Packing note number The date of packing Name and address of the exporter Name and address of the importer Order number Date Shipment for s/s Bill of lading number and date Marking numbers

OTHER DOCUMENTS

CERTIFICATE OF INSPECTION:

It is a certificate issued by the export inspection agency. This agency certifies that consignment has been inspected under the Export Act 1963.

G.P. FORMS:

A G.P.FORM is a gatepass for the removal of excisable goods from a factory or warehouse. Form GP 1 is used for the removal of excisable goods or payment of duty , GP 2 form is used for the removal of excisable goods without payment of duty.

CAR TICKET:

A car ticket is prepared by the company and includes details of the export cargo

LICENCE:

Export licenses are additional document frequently in export trade.

SHIPPER’S EXPORT DECLARATION:

A shipper’s export declaration is used by the exporter’s government to monitor exports and to compile trade statistics.

6> EXPORT INCENTIVES:

DUTY DRAWBACK:

Company is eligible to get back the excise duty and central excise paid on all raw materials, components and consumables used in the production of goods exported, under this scheme

EXCISE DUTY REFUND:

Company is eligible for refund of the excise duty. He/she can recover it after export, if he paid at the beginning. He/ she can also can execute a bond with the excise authorities without making the payment.