Export Procedure Steps Overview

<p>To minimize the risk of non-payment (C)</p> Signup and view all the answers

<p>It is mandatory for exporting goods from India (A)</p> Signup and view all the answers

<p>By searching online directories (A)</p> Signup and view all the answers

<p>To guarantee payment for the goods (C)</p> Signup and view all the answers

<p>Securing a loan to finance the export (D)</p> Signup and view all the answers

<p>To protect themselves from non-payments and political/commercial risks. (D)</p> Signup and view all the answers

<p>It mandates mandatory inspection of certain products to ensure good quality exports. (B)</p> Signup and view all the answers

<p>Ensuring compliance with environmental and labor regulations. (B)</p> Signup and view all the answers

<p>Issuing Export Import Code (IEC) numbers to export firms. (C)</p> Signup and view all the answers

<p>It helps exporters meet the financial requirements for producing and shipping goods. (B)</p> Signup and view all the answers

<p>To confirm that the goods have been manufactured in the exporting country. (D)</p> Signup and view all the answers

<p>A refund of excise duty paid on materials used in manufacturing exported goods. (B)</p> Signup and view all the answers

<p>To oversee the collection of excise duty on exported goods. (B)</p> Signup and view all the answers

<p>Goods produced by small and medium enterprises (SMEs). (D)</p> Signup and view all the answers

<p>Acquiring a Certificate of Incorporation from the Registrar of Companies. (A)</p> Signup and view all the answers

<p>To provide instructions to the captain of the ship for loading specified goods. (D)</p> Signup and view all the answers

<p>To ensure the goods meet quality standards and comply with import regulations. (B)</p> Signup and view all the answers

<p>The involvement of a foreign entity or individual in the exporting firm. (C)</p> Signup and view all the answers

<p>It acts as a key identifier for engaging in export and import transactions and documenting them. (C)</p> Signup and view all the answers

<p>Export houses focus solely on exporting goods, while trading houses engage in both export and import. (A)</p> Signup and view all the answers

<p>To verify the authenticity of the certificate and the origin of the goods. (A)</p> Signup and view all the answers

<p>Railway Receipt (A)</p> Signup and view all the answers

<p>When exporting goods to countries with specific origin requirements. (C)</p> Signup and view all the answers

<p>To obtain customs clearance for exported goods. (A)</p> Signup and view all the answers

<p>A sight draft requires immediate payment, while a usance draft allows for a delayed payment. (D)</p> Signup and view all the answers

<p>To allow the cargo to be physically moved into the port area. (C)</p> Signup and view all the answers

<p>Bill of Lading (D)</p> Signup and view all the answers

<p>They handle the logistics of shipping the goods, including transport and customs clearance. (D)</p> Signup and view all the answers

<p>Bill of Lading (D)</p> Signup and view all the answers

<p>To secure payment from the importer in case of non-payment. (C)</p> Signup and view all the answers

<p>To provide evidence that the goods are loaded on the ship. (D)</p> Signup and view all the answers

<p>To record the quantity of goods sent and the payment owed. (C)</p> Signup and view all the answers

<p>Shipping bill (A)</p> Signup and view all the answers

<p>Before the goods are cleared from customs. (D)</p> Signup and view all the answers

<p>Bill of lading (B)</p> Signup and view all the answers

<p>To secure payment for the goods from the importer. (D)</p> Signup and view all the answers

<p>Railway receipt (B)</p> Signup and view all the answers

<p>Letter of indemnity (C)</p> Signup and view all the answers

The sequence of actions taken in an export transaction from enquiry to export.

A quotation sent by exporters with details on price, quality, and terms.

The formal order placed by the importer after accepting the proforma invoice.

Assessment of an importer's ability to pay for the goods.

A bank guarantee ensuring payment to the exporter upon delivery.

A permit required to comply with customs laws before goods can be exported.

Regulations governing the export of goods in a country.

Actions taken by exporters to reduce the risk of non-payment by importers.

The process of packing goods and preparing them for transportation, including marking with relevant details.

A document issued by railway authorities serving as a title to the goods once loaded onto a wagon.

The process of getting permission from customs to export goods, requiring the submission of necessary documentation.

A main document submitted for customs clearance, detailing goods, vessels, and exporter information.

Instruction allowing cargo entry into the port area after customs clearance.

A receipt issued by the ship's captain confirming the loading of cargo onboard.

A document issued by shipping companies as evidence of goods accepted for shipment.

The air transport equivalent of a bill of lading, used for goods sent by air.

A document detailing the quantity and amount to be paid for shipped goods.

Submitting documents to the bank to secure payment after shipment.

An order to pay a specified sum of money, utilized in international trade transactions.

A type of bill of exchange requiring payment upon presentation of documents to the importer.

A bill of exchange allowing payment at a future date after acceptance by the importer.

A document signed by the exporter to guarantee the bank against non-payment by the importer.

A certificate obtained by the exporter confirming receipt of payment for exports.

Requirements needed to obtain an export licence, such as bank account and IEC.

Import Export Code number needed for export/import documents, issued by DGFT.

Directorate General of Foreign Trade, responsible for issuing IEC numbers.

Organizations established to promote exports of specific products.

Registration cum Membership Certificate needed for benefits from government.

Registration with Export Credit and Guarantee Corporation for payment protections.

Funding required to prepare goods for export, including raw materials.

Process of manufacturing or sourcing products for export based on specifications.

Mandatory quality checks for certain products before they can be exported.

Approval needed for excise duty on materials used in manufacturing goods.

Scheme offering refunds on excise duty for goods exported to make them competitive.

Document proving the country of manufacture for tariff benefits during import.

Process of booking cargo space on a shipping vessel for export goods.

Instruction from shipping company to the captain for loading goods on board.

Agency designated to ensure the quality of goods exported; provides inspection certificates.