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Export Import
1.
2. INDEX
Pre-Import Procedure
Steps in Import Procedure
Legal Dimensions of Import Procedure
Customs Formalities for Imports
Warehousing of Imported Goods
Exchange Control Provisions for Imports
Retirement of Import documents
3. The basic steps formulating the import procedure.
Beginning by selection of the product, right up to
retirement of import documents
Import Procedure
4. Pre Import Procedures
Selecting the Right Product
Selecting the Supplier
Finding out Credit Worthiness of Supplier
Availing the services of Suppliers Agents in
India
Finalizing the Terms of Import
5. Steps in Import Procedure
Fixing the Terms & Conditions
Placing the Order
Obtaining license
Obtaining Quota Certification
Foreign Exchange
Letter of Credit
6. Appointing Clearing & Forwarding Agent
Shipment Advice
Receiving Documents
Obtaining Delivery Orders
Clearing of Goods from Customs
Making Payments for Import
7. Legal Dimension of Import Procedure
Finalizing the terms of Import
Mode of Pricing
Mode of Payment
Obtaining Importer-Exporter’s Code
Numbers (IEC Number)
Obtaining Import License
Obtaining Foreign Exchange
Financial Planning for Import
Obtaining Letter of Credit from the
Bank
8. Custom Formalities for Import
Import Manifest
Presenting the Bill of Entry
Clearing of Goods
Warehousing (Storing) Goods
9. Warehousing of Imported Goods
Warehousing means storing of
Goods
Delay in delivery after arrival
results in Warehousing
Storage provision of unpaid Custom
Duty goods was given in Customs
Act 1962
Maximum time of storing is 1 year
Capital Goods are stored for 5 years
Extension Application can be done
10. Time of storing can be only
increased by Chief Commissioner
of Customs by 6 months or more
Warehoused goods could be sold
out on Notice
Extension Application can be
done
Officers Inspect the Goods
Frequently
Goods storing period can be
reduce by Commissioner
Bill of Entry (Yellow Color)
Ex-Bond Bill of Entry
11. Exchange Provision Control for Imports
Regulated By DGFT
Policy & terms announced by
DGFT
Bank are permitted to open
Letter of Credit
Payments are made by showing
Shipping Documents
Permitted Currency
Payments made according to
provision of FEMA
Payments within 6 month
Deferred Payment Arrangement
Payments of Books
12. Retirement of Import Goods
Loading of goods and shipment advice
Retirement of Import Documents
Bill of Exchange
Examination of Documents
Appointing of clearing and forwarding (C & F) Agents