Introducation of Exim

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KTD AMBICA GROUP(SINCE 1987)PRESENTSDIGITAL
EXIMBe Digital! Go Global!
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Tutorial 1Introduction to the World of Export
Import
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What is Import and Export ?

• Definition Meaning
• Import An Import Is A Good or Service, That Is
  Brought Into One Country From Another Country.
• E.g. Buying Garments From Websites Like
  Aliexpress
• Export An Export Is The Process Of Taking
  Product or Service From Home Country To Another
  Country.
• E.g. The Mangoes of Your Farm To A Fruit Store
  In USA

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Basic Category of Export and Import

• Industrial Goods Machinery , Manufacturing
  Plants And Materials.
• Consumer Goods Ready To Use Goods Packed
  Food , Clothes
• Intermediate Goods Partly Finished Goods
  Pharmaceutical Raw Materials
• Services Website Developing , Accounts , Data
  Mining.

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Types of Importer

• Actual User (Industrial) Means A Person Who
  Utilises Imported Goods For Manufacturing In His
  Own Industrial Unit Or Manufacturing For His Own
  Use In Another Unit Including A Jobbing Unit.
• Actual User (Individual) Means A Person Who
  Utilises The Imported Goods For His Own Use
  In Any Commercial Establishment Carrying On Any
  Business, Trade Or Profession
• Trader

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Types of Exporter

• Manufacturer Exporter- Is An Exporter Who
  Exports Goods Which Are Manufactured By
  Himself/Herself. This Type Of Exporters Are Also
  Known As Direct Exporters. This Type Of Export
  Is Known As Direct Export. This Type Of
  Exporters Has To Take Risks. But They Can Gain
  More Profit. The Manufacturer Exporters Will
  Export The Products In Their Own Name. They Wont
  Need Any Intermediates For Exporting.
• Merchant Exporter- Is An Exporter Who Buys
  Goods From Many Manufacturers And Exports Them
  (Goods) By Manufacturers Company Name Or Their
  Company Name. This Type Of Exporters Are Also
  Known As Indirect Exporters. This Type Of
  Export Is Known As Indirect Export. Merchant
  Exporter Wont Have Their Own Processing Factory
  Or Manufacturing Unit.
• Third Party Exporter.

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Need To Understand The Short Forms

• POL Port of Loading
• POD Port of Delivery
• ETD Estimated Time of Departure
• ETA - Estimated Time of Arrival
• CFS Container Freight Station
• FCL Full Container Load
• LCL Less than Container Load
• 120 FCL (Full Container Load)
• 140 - FCL (Full Container Load)

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Abbreviations

• AWB Air Waybill
• BIS Bureau of Industry and Security
• BOL OR B/L Bill of Lading
• COO Certificate of Origin
• FTA Free Trade Agreement
• FTR Foreign Trade Regulation
• FTZ Foreign Trade Zone
• HS Harmonized System
• L/C Letter of Credit

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Export Cycle

• Importer Exporter Code
• Product Marketing Selection
• Supplier Identification
• Manufacture Unit Visit
• Negotiation/Deal with Supplier
• Certification
• RCMC Registration
• Identifying Buyer
• Generate Inquiry
• Quotation/Sample Sending
• Performa Invoice / Payment
• Packaging

• Custom Clearance
• Identify CHA
• Arrangement of Transportation
• Custom Clearance
• Arrange Shipping Lines
• Transportation Documentation
• Bill of Lading Sea (B/L) / Airway Bill
• by Air (AWB) / Lorry Receipt by Read (LR)
• Prepare Bank Documentation
• Payment Formalities
• Government Benefits

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Export Cycle
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Import Cycle

• Select Product
• Identifying Supplier
• Quotation / Ask For Sample / Negotiate
• Contact With Supplier
• Payment Formalities
• Identify CHA
• On Site Inspection
• Shipment Follow Up With Supplier
• Releasing Document From Bank
• Import Custom Clearance
• Payment of Import Duty
• Releasing Cargo For Shipping Line
• Arrange Local Transport
• Delivery of Goods

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Shipping Documentation Cycle

• Receive An Inquiry
• Screen The Potential Buyer And Country
• Providing A Performa Invoice
• Finalize The Sale
• Prepare Commercial Invoice
• Prepare Packing List
• Certificate Of Origin
• Shippers Letter Of Instruction
• Bill Of Lading
• One Last Imp Step BOOK KEEPING

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