EX-IM PROCEDURE IN

INDIA
Presented by
Mobin & yadhu

EXPORT PROCEDURES
Receipt of an order
Obtaining License and Quota
Letter of Credit
Fixing exchange rate
Foreign exchange formalities

Formalities done by
forwarding agent
Bill of Lading
Shipment advice to importer
Presentation of documents to
the bank

Preparation for executing the

Realization of export proceeds
order
Follow up

IMPORT PROCEDURES
Obtaining import license and
quota
Obtaining foreign exchange
Placing an order
Dispatching letter of credit
Appointing clearing and
forwarding agents
Receipt of shipment advice
Receipts of documents

Bill of entry
Delivery order
Clearing of goods
Payment to clearing and
forwarding agent
Payment to exporter
Follow up

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.

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.

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.

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.

CONSULAR INVOICE

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

COMMERCIAL INVOICE

Documentrequiredbycu
stomsto determinetrue
valueof the
importedgoods,
forassessment
ofdutiesand taxes

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

BILL OF ENTRY
Adeclarationby
animporterorexporterof
the exact
nature,precisequantityand
valueof goodsthat have
landed or are being shipped
out. Prepared by aqualified
customsclerk orbroker, it is
examined by customs
authoritiesfor
itsaccuracyand conformity
with thetariff
andregulations.

THANK YOU