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FOREIGN TRADE

&
DOCUMENTATION
BY
EHSAN IBRAHIM V.P
FOREIGN TRADE
EVOLUTION

 By 1971 through bretton woods system


 Here comes IMF and IBRD
 Introduction of W T O (world trade

organization)
 formed in the year 1995 in the presence 123
countries for making GATT now having 146
membership countries
 act as council for regulatory body for
settlement for dispute mechanism


Q R system
 Here comes QR i.e. quantitative
restrictions for exporters and importers
allowing special quotas in foreign trade
 Recently many of the countries reduced
tariffs in imports and started granting
subsidies to exporters

RISK IN
INTERNATIONAL
TRADE

EXCHANGE

 RISK
 Because of changes in exchange rate i.e.
un expected
 COUNTRY RISK

 fall political ,social, economic wars



TARIFF BARRIERS

 FLAT DUTY BASED


 Eg:COMPUTER
 AN AD VALOREM
 Eg:WALKMAN
 COMPUND DUTY
 Both flat and an ad valorem

STEPS IN EXPORTING &
IMPORTING
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 foreign
exchange”
 QUATING THE

 PAN NUMBER

§ Need to apply IEC and claim
and other exemptions
REGISTERING WITH SALES

TAX OFFICE
 Form no:H to have tax
exemptions
 OBTAINING THE IEC code
 Definition of IEC Code
 IEC Code is unique 10 digit
code issued by DGFT –
Director General of Foreign
Trade , Ministry of
Commerce, Government of
India to Indian Companies.


REGISTERING WITH EXPORT
PROMOTION COUNCIL
E PC act as an informator and facilitator

for 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 expos

etc

REGISTRATION WITH EXPORT
CREDIT GURANTTE
CORPORATION
 Register with ECGC to secure payments
against political and commercial risks

REGISTRATION WITH CHAMBER
OF COMMERCE

PRODUCTIVITY CONCIL etc
 Register with chamber of commerce or
productivity council registered under
ministry of commerce
 Helps to have certificate of origin

REGISTRATION FOR BUSINESS
IDENTIFICTION NUMBER
 Obtaining PAN under the business
identification number from DGFT


EXPORT LICENCE IF ,
REQUIRED
EXPORT IMPORT
DOCUMENTATION
 PROFORMA INVOICE
 PACKING LIST
 COMMERCIAL INVOICE
 CERTIFICATE OF ORGIN
 CERTIFICATE OF ORIGIN
 SHIPPING BILL OR BILL OF ENTRY
 ARE 1 FORM
 MATES RECIEPT


 BILL OF LADING
 BILL OF EXCHANGE
 AIR WAY BILL
 INSURANCE CERTIFICATE

THANK YOU