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LOGISTICS
TABLE OF CONTENT
1. Introduction
2. Top Companies Worldwide
3. Top Countries
4. Components of International Logistics
5. Governing Authorities
6. Export process followed in India
7. Import process followed in India
INTRODUCTION Logistics is the process of planning, executing and controlling the
efficient & effective flow and storage of goods, services as well as the
related information from point of origin to point of consumption to serve
the purpose of conforming the customer requirement.
• Transportation
• Warehousing
• Inventory management
• Documentation
• Insurance
• Packaging
• Risk management
• Communication
Governing Authorities
Exports are governed by Foreign Trade (Development & Regulation) Act, 1992 and Export-Import
(EXIM) Policy.
Directorate General of Foreign Trade (DGFT) is the primary governing body responsible for the
export and import policies in the country.
Since an export trade has to follow a specific set of procedures from receiving inquiries to completion of
the transaction, exporters need to get themselves registered with these authorities for ensuring all the
legal formalities as required by them are met and also for receiving incentives which are allowed under
the export promotion schemes.
The Reserve Bank of India (RBI) guidelines have to be met by the exporter. An exporter also requires
an Import-Export Code Number from the concerned regional licensing authority.
Export process followed in India
Export is one of the major components of international trade. Exports facilitate international trade and
stimulate domestic economic activity by creating employment, production, and revenues. Businesses
export goods and services where they have a competitive advantage.
Export Procedure
Step 4. Fixing the Exchange Rate Step 9. Presentation of Documents to the Bank
Step 5. Foreign Exchange Formalities Step 10. The Realisation of Export Proceeds
Import process followed in India
Import procedures are the procedures for import and export activities that include ensuring licencing
and compliance prior to shipping goods, arranging for transport and warehousing after goods are
unloaded, and obtaining customs clearance and paying taxes prior to the release of goods.
Import Procedure