01. Introduction of EXIM (1)


DititalExim

Uploaded on Jul 17, 2020

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Learn Export Import Course With Live Training on Your Product: 1. Online Practical Working on your International Setup 2. Live Working to Find International Buyer - Under Experts Guidance

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01. Introduction of EXIM (1)

KTD AMBICA GROUP (SINCE 1987) PRESENTS DIGITAL EXIM Be Digital! Go Global! Tutorial: 1 Introduction to the World of Export Import 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 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. 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 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 Won’t Need Any Intermediates For Exporting. • Merchant Exporter- Is An Exporter Who Buys Goods From Many Manufacturers And Exports Them (Goods) By Manufacturer’s 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 Won’t Have Their Own Processing Factory Or Manufacturing Unit. • Third Party Exporter. 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  1*20’ – FCL (Full Container Load)  1*40’ - FCL (Full Container Load) 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 Export Cycle  Importer Exporter Code  Custom Clearance  Product & Marketing Selection  Identify CHA  Supplier Identification  Arrangement of Transportation  Manufacture Unit Visit  Custom Clearance  Negotiation/Deal with Supplier  Arrange Shipping Lines  Certification  Transportation Documentation  RCMC Registration  Bill of Lading : Sea (B/L) / Airway Bill  Identifying Buyer by Air (AWB) / Lorry Receipt by Read (LR)  Generate Inquiry  Prepare Bank Documentation  Quotation/Sample Sending  Payment Formalities  Performa Invoice / Payment  Government Benefits  Packaging Export Cycle 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 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  Shipper’s Letter Of Instruction  Bill Of Lading  One Last Imp Step – BOOK KEEPING Head Office: 8 - B, B.D. Patel House, B/H Sardar Patel Colony, Naranpura, Ahmedabad - 380014 Website: www.digitalexim.com Follow Us On: www.facebook.com/digitalexi m www.Instagram.com/digitalexi m www.twitter.com/digitalexim www.youtube.com/digitalexim Thank You