How to Export from India

How to Export from India

Most of the people usually search on the internet for the ways and rules of the export of their material from India to overseas buyers. Exporting material is not an easy task, which can done in one night, it requires lots of business research practice. According to the Indian government, firstly you have to go through some legal documentation and the license for Export and Import from the government.

What are the few necessary  documentation and process which required before export of the material:-

1: GR FORM:

GR form is guarranted remittance is infact an exchange control doument requd by RBI.

2: Import & Export Code:

Its also known as a IEC Code. IEC Code is a 10 Digit Unique Code Issued by Director General of Foreign Trade, Ministry of Commerce.

3: Export Declaration form: 

It is Customs form completed and submitted by an exporter at the port of export. It is required for gathering the data like value of goods, nature of the goods etc to full fill the foreign trade data.

4: Custom Invoice

Custom Invoice is a Extended form of commercial invoice required by customs (often in a specified format) in which the exporter states the description, quantity and selling price, freight, insurance, and packing costs, terms of delivery and payment, weight and/or volume of the goods for the purpose of determining customs import value at the port of destination.

5: Commercial Invoice:

Commercial Invoice is a Document required by customs to determine true value of the imported goods, for assessment of duties and taxes. A commercial invoice (in addition to other information), must identify the buyer and seller, and clearly indicate the
(1) date and terms of sale,
(2) quantity, weight and/or volume of the shipment,
(3) type of packaging,
(4) complete description of goods,
(5) unit value and total value, and
(6) insurance, shipping and other charges (as applicable).

6: Certificate of Origin 

Certificate of Origin is a Export Document that certifies a shipment’s country of origin. It is used between members of a trading block or where special privileges are granted to goods produced in certain countries. Certificate of origin is commonly issued by a trade promotion office, or a chamber of commerce in the exporting country. Also called declaration of origin.

7: Bill of lading (BL) 

Bill of Lading is document issued by a carrier before export, to the shipper as a contract of carriage of goods. It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination.Among other items of information, a bill of lading contains
(1) consignor’s and consignee’s name,
(2) names of the ports of departure and destination,
(3) name of the vessel,
(4) dates of departure and arrival,
(5) itemized list of goods being transported with number of packages and kind of packaging,
(6) marks and numbers on the packages,
(7) weight and/or volume of the cargo,
(8) freight rate and amount.

8: Packing List:

Packing list a document or Itemized list of articles usually included in each shippingpackage, giving the quantity, description, and weight of thecontents. Prepared by the shipper and sent to theconsignee for accurate tallying of the delivered goods. Also called bill of parcels, packing slip, or unpacking note.

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These are some necessary documentation which you required before exporting your products. For Exporting you need to to promote your products in front of overseas buyers and it requires a good Export Marketing Research and Marketing Strategy.

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