Uploaded on Jul 17, 2020
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
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:
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Thank
You
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