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IMPORT
BY – ARIJEET
ANEJA
EXPORT
• The term export means sending of goods or services
produced in one country to another country. The seller of
such goods and services is referred to as an exporter.
• Methods of exporting a product or good or information
include mail, hand delivery, air shipping, shipping by
vessel, uploading to an internet site, or downloading from
an internet site. Exports also include distribution of
information sent as email, an email attachment, fax or in a
telephone conversation.
BASIC EXPORT PROCEDURE
1. Market Research and Setting Objectives of Distribution
• Selecting target markets, methods of exportation and channels
• Setting foreign market objectives on pricing and terms
2. Trade Regulations
• Export regulations and requirements
• Overseas import regulations and requirements
• Patent, trademark and copyright
Contd…
3. Making Contacts
• Enquiries from interested overseas buyers
• Checking buyer's background from ECIC and / or banks
6. Contract Execution
• Producing or sourcing goods
• Packing and labelling
• Arranging shipment
• Preparing exports documentation
• Arranging insurance, if necessary
Contd…
7. Customs Clearance
• Arranging export declaration and applying for export
licence when necessary
8. Getting Paid
• Subject to the payment terms specified in the sales
contract, the exporter should present the required
documents to the relevant parties for payment
IMPORTS
• An import is a goods brought into a jurisdiction,
especially across a national border, from an external
source. The party bringing in the good is called an
importer. An import in the receiving country is an export
from the sending country. Importation and exportation are
the defining financial transactions of international trade.
BASIC IMPORT PROCEDURE
1. Setting Market Objectives
• Setting market objectives on pricing and terms
2. Sourcing Products
• Identifying potential suppliers
• Sourcing channels of distribution
3. Trade Regulations
• Import regulations and requirements, and checking whether import licence is required
• Patent, trademark and copyright
Contd…
4. Making Contacts
• Sending enquiries to suitable suppliers