Export - Import Procedure In India

1. EX-IM PROCEDURE IN
INDIA

2. EXPORT PROCEDURES
• Receipt of an order
• Obtaining License and Quota
• Letter of Credit
• Fixing exchange rate
• Foreign exchange formalities
• Preparation for executing the
order
• Formalities done by forwarding
agent
• Bill of Lading
• Shipment advice to importer
• Presentation of documents to the
bank
• Realization of export proceeds
• Follow up

3. IMPORT PROCEDURES
• Obtaining import license and
quota
• Bill of entry
• Obtaining foreign exchange
• Clearing of goods
• Placing an order
• Payment to clearing and
forwarding agent
• Dispatching letter of credit
• Appointing clearing and
forwarding agents
• Receipt of shipment advice
• Receipts of documents
• Delivery order
• Payment to exporter
• Follow up

4. DOCUMENTS USED IN EX-IM PROCEDURE
• Bill Of Lading
• Marine insurance
• Certificate of Origin
• consular invoice
• commercial invoice
• Letter of Credit
• Bill of entry, etc.

5. BILL OF LADING
It is an official receipt given
by the shipping company as
an acknowledgement of the
receipt of goods to be
transported to the port of
destination. It is also a
contract for the carriage of
goods.

6. MARINE INSURANCE
It covers the loss or damage
of ships, cargo, terminals,
and any transport or cargo
by which property is
transferred, acquired, or held
between the points of origin
and final destination.

7. CERTIFICATE OF
ORIGIN
It is an important
international trade document
attesting that goods in a
particular export shipment
are wholly obtained,
produced, manufactured or
processed in a particular
country.

8. CONSULAR INVOICE
A document certifying a
shipment of goods and
shows information such as
the consignor, consignee
and value of the shipment.

9. COMMERCIAL INVOICE
Document required by custo
ms to determine true
value of the imported goods,
for assessment of duties and
taxes

10. LETTER OF CREDIT
It is a letter from a bank
guaranteeing that a buyer's
payment to a seller will be
received on time and for the
correct amount. In the event
that the buyer is unable to
make payment on the
purchase, the bank will be
required to cover the full or
remaining amount of the
purchase

11. BILL OF ENTRY
A declaration by
an importer or exporter of the
exact
nature, precise quantity and
value of goods that have landed
or are being shipped out.
Prepared by a qualified
customs clerk or broker, it is
examined by customs
authorities for its accuracy and
conformity with the tariff
and regulations.

12. THANK YOU