This article throws light upon the thirteen main steps involved in the import of goods. Some of the steps are: 1. Obtaining the Import Licence 2. Obtaining Foreign Exchange 3. Placing an Order 4. Sending Letter of Credit 5. To Receive the Shipping Documents 6. Appointment of Clearing Agents 7. Endorsement for Delivery 8. Bill of Entry 9. Bill of [...]
After reading this article you will learn about the export procedure for goods in India. 1. Receipt of an Indent or Order: This is the first step in the procedure of exporting goods. Order may be received either directly from the importer through some specialised agency like indent houses. The indent will contain details regarding: (i) Quality of the goods, [...]
Following are the different measures to increase the demand in foreign markets: 1. Visit 2. Introduction and Enquiry 3. Advertisement 4. Sales Representatives 5. Foreign Branches. Measure # 1. Visit: If a trader has the capacity to bear the expenses, either the manage or the owner should visit the foreign countries, and should get in touch with foreign traders. This [...]