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FOREIGN TRADE & DOCUMENTATION

BY EHSAN IBRAHIM V.P

FOREIGN TRADE
EVOLUTION  By 1971 through bretton woods system  Here comes IMF and IBRD  Introduction of W T O (world trade organization)  formed in the year 1995 in the presence 123 countries for making GATT now having 146 membership countries  act as council for regulatory body for settlement for dispute mechanism

Q R system

Here comes QR i.e. quantitative restrictions for exporters and importers allowing special quotas in foreign trade Recently many of the countries reduced tariffs in imports and started granting subsidies to exporters

RISK IN INTERNATIONAL TRADE
EXCHANGE  RISK  Because of changes in exchange rate i.e. un expected  COUNTRY RISK  fall political ,social, economic wars

TARIFF BARRIERS




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FLAT DUTY BASED Eg:COMPUTER AN AD VALOREM Eg:WALKMAN COMPUND DUTY Both flat and an ad valorem

STEPS IN EXPORTING & IMPORTING
SELECTING THE RIGHT NAME  “International or Overseas”  REGISTRATION  “Partnership, proprietorship or under Companies act”  OPENING A BANK ACCOUNT  “Deals with export import documents and converts foreign exchange”  QUATING THE  PAN NUMBER

§ Need to apply IEC and claim and other exemptions
REGISTERING WITH SALES TAX OFFICE  Form no:H to have tax exemptions  OBTAINING THE IEC code  Definition of IEC Code  IEC Code is unique 10 digit code issued by DGFT – Director General of Foreign Trade , Ministry of Commerce, Government of India to Indian Companies.


REGISTERING WITH EXPORT PROMOTION COUNCIL
E PC act as an informator and facilitator for exporters  Work for the benefit of the country  Promote products , projects etc  Gave professional advices such as tech upgrade  quality, design improve, standards, product development etc  Helps to participate in many meets expos etc

REGISTRATION WITH EXPORT CREDIT GURANTTE CORPORATION

Register with ECGC to secure payments against political and commercial risks

REGISTRATION WITH CHAMBER OF COMMERCE

PRODUCTIVITY CONCIL etc


Register with chamber of commerce or productivity council registered under ministry of commerce Helps to have certificate of origin

REGISTRATION FOR BUSINESS IDENTIFICTION NUMBER

Obtaining PAN under the business identification number from DGFT


EXPORT LICENCE IF , REQUIRED

EXPORT IMPORT DOCUMENTATION
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PROFORMA INVOICE PACKING LIST COMMERCIAL INVOICE CERTIFICATE OF ORGIN CERTIFICATE OF ORIGIN SHIPPING BILL OR BILL OF ENTRY ARE 1 FORM MATES RECIEPT

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BILL OF LADING BILL OF EXCHANGE AIR WAY BILL INSURANCE CERTIFICATE

THANK YOU