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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
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