Actividad de aprendizaje 10

Evidencia 6: Video Steps to export.

Guide on export procedure and documentation

1. Decide what and where to export

The first step in export procedure is to understand international markets and the products in
demand across the world. This will help you decide what is the right marketplace for your
export business from India. As per the Export Import (EXIM) Policy, DGFT categorizes
products into four categories2:

Free: products under this category can be exported without requiring any additional
permission from DGFT, if the product is booked under ITC(HS) and abides by the laws of
the importing country as well. For instance, books, apparel and spices.

Restricted: before exporting any restricted goods, exporter must obtain permission from the
concerned authorities. There are a set of export procedures and conditions that must be
followed to sell these products internationally. For instance, sandalwood, drugs and
medicines.

Prohibited: the products under this category cannot be exported under any condition. For
instance, animals and birds.

2. Register your business

To start an export business, set up a sole proprietary concern, partnership firm or a

registered company, as per the standard export procedures.

3. Open bank account and PAN

A current account authorized to receive foreign payments must be opened with a bank.
Along with this, apply for a PAN card (in the name of exporter/business) from the Income
Tax Department.
 4. Obtain IEC

According to the Foreign Trade Policy, it is mandatory to have an IEC (Import Export
Code).

5. Avail Registration Cum Membership Certificate (RCMC)

Depending on the product you are exporting, apply for RCMC from the respective Export
Promotion Council to get benefits under FTP and avail assistance and guidance from the
government.

6. Obtain licenses and documents

Depending on the destination country and product category, it is mandatory to obtain

necessary licenses and documents.

7. Obtain shipping documents

Depending on the shipping mode, a few documents need to be filed. Commercial Invoice,
Bill of Lading, Packing List and Shipper’s Letter of Instruction are some of the mandatory
documents required.