EXPORT PROCEDURE BY Dr GAURAV VARSHNEY ASSISTANT PROFESSOR

EXPORT PROCEDURE BY Dr. GAURAV VARSHNEY ASSISTANT PROFESSOR FACULTY OF LAW, AMU, ALIGARH

EXPORT • • • Meaning & Object Economic Growth Sign of a Development Increase in Foreign Reserves Better Standard of Living Development of a Nation

STEPS IN EXPORT PROCEDURE • REGISTRATION REQUIREMENTS: 1. Registration of the Organization 2. Opening of a Bank Account 3. Registration under Export Promotion Council 4. Registration under International Chamber of Commerce for obtaining Certificate. 5. Registration with Director General of foreign Trade. 6. Must have filled Income Tax return for last Five Years.

STEPS IN EXPORT PROCEDURE 2. 1. 2. 3. 4. PRE-SHIPMENT STAGE: Negotiations with Foreign Buyers Offer & Acceptance Confirmation of Offer (Contract Signed) Making of Letter of Credit & Completion of Requirements to be emphasised. 5. If Finances required than Arrangement for Finances. 6. Production of Goods as per Letter of Credit.

STEPS IN EXPORT PROCEDURE 3. Measuring Export Incentives of the Country: Encourage People of the Country to do More Export. Launching of various Schemes by the Government for promoting Exports. Examples: Delivery of Goods

STEPS OF EXPORT PROCEDURE 4. POST- SHIPMENT STAGE: Submission of Documents by the agent to Exporter. Presentation of Documents to the Bank for Negotiations. Dispatch of Documents (Bill of Exchange, Letter of Indemnity Realization of Export Proceeds

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