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FOREIGN TRADEFOREIGN TRADE&&

DOCUMENTATIONDOCUMENTATION

BY

EHSAN IBRAHIM V.P

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FOREIGN TRADEFOREIGN TRADE

EVOLUTION By 1971 through bretton woods system

Here comes IMF and IBRD

Introduction of W T O (world tradeorganization)

formed in the year 1995 in the presence 123countries for making GATT now having 146

membership countries act as council for regulatory body for

settlement for dispute mechanism

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Q R systemQ R system

Here comes QR i.e. quantitativerestrictions for exporters and importersallowing special quotas in foreign trade

Recently many of the countries reducedtariffs in imports and started grantingsubsidies to exporters

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RISK INRISK ININTERNATIONALINTERNATIONAL

TRADETRADE

EXCHANGE RISK Because of changes in exchange rate i.e.

un expected COUNTRY RISK

fall political ,social, economic wars

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TARIFF BARRIERSTARIFF BARRIERS

FLAT DUTY BASED

Eg:COMPUTER AN AD VALOREM

Eg:WALKMAN

COMPUND DUTY Both flat and an ad valorem

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STEPS IN EXPORTING &STEPS IN EXPORTING &IMPORTINGIMPORTING

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 foreignexchange

QUATING THE

PAN NUMBER

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Need to apply IEC and claimNeed to apply IEC and claimand other exemptionsand other exemptions

REGISTERING WITH SALESTAX OFFICE

Form no:H to have taxexemptions

OBTAINING THE IEC code Definition of IEC Code IEC Code is unique 10 digit

code issued by DGFT Director General of Foreign

Trade , Ministry ofCommerce, Government ofIndia to Indian Companies.

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REGISTERING WITH EXPORTREGISTERING WITH EXPORTPROMOTION COUNCILPROMOTION COUNCIL

E PC act as an informator and facilitatorfor 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 exposetc

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REGISTRATION WITH EXPORTREGISTRATION WITH EXPORT

CREDIT GURANTTECREDIT GURANTTECORPORATIONCORPORATION

Register with ECGC to secure payments

against political and commercial risks

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REGISTRATION WITH CHAMBERREGISTRATION WITH CHAMBEROF COMMERCEOF COMMERCE

PRODUCTIVITY CONCIL etc Register with chamber of commerce or

productivity council registered under

ministry of commerce Helps to have certificate of origin

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REGISTRATION FOR BUSINESSREGISTRATION FOR BUSINESSIDENTIFICTION NUMBERIDENTIFICTION NUMBER

Obtaining PAN under the businessidentification number from DGFT

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EXPORT IMPORTEXPORT IMPORTDOCUMENTATIONDOCUMENTATION

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

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THANK YOUTHANK YOU