EXPORT AND

IMPORT
ASSISTANCE
Presented By:
Asma Khan
Madhura Girase
Kiran porje
Sandhya Bharti
 International Trade:
 MEANING :

Exchange of goods, services and capital

between countries i.e across their
geographical boundaries is known as
International Trade or Foreign Trade
 Definition:

According to Anatol Marad, “ International

Trade is Trade between nations”.
 Export
Definition:
 In International Trade, ‘Export’ is defined
as the sale of goods and services
produced in the home country to other
cross border countries.
 In Economics, Exporter refers to any
product or commodity which can be
transported from one country to another in
a legal and appropriate manner for the
purpose of trade.
 Export incentives are a form of assistance that
governments provide to firms or industries within the
national economy, in order to help them secure foreign
markets. A government providing export incentives often
does so in order to keep domestic products competitive
in the global market.
 Export Assistance Programs as the provision of both
indirect and direct government support to encourage and
assist exporting activities of individual firms and/or
specific domestic industries. Almost all governments
have an incentive to support national exports in order to
improve the international competitiveness of domestic
firms and hence the country's balance of trade
 Exporters in the India can draw upon two types of
government-backed assistance to help finance their
exports; the Export-Import bank and Export Credit
Guarantee Corporation (ECGC)
 The Export-Import Bank (EXIM BANK) is a public sector
financial institution established in January 1, 1982. it was
established by an act of parliament for the purpose of
financing, facilitating, and promoting foreign trade in
India.
 Export Credit Guarantee Corporation (ECGC): this
institution covers the exporter against various risks. It
also provides guarantees to the financing banks to
enable them to provide adequate finances to exporters.
Export Procedure: how to
apply for Assistance
Registration Stage

Pre- Shipment Stage

Shipment Stage

Post Shipment Stage

Stage 1: Registration Stage
Following steps are followed under the registration stage.
I. Registration of the Organization
II. Open Bank account
III. Obtaining Importer-Exporter Code Number(IEC NO)
IV. Registration with Export Promotion Council
V. Registration with ECGC.
VI. Registration with other Authorities.
 Step 2: Pre- Shipment Stage.
Following steps are involved in this stage:
I. Approaching Foreign Buyers.
II. Inquiry by Importers.
III. Offer of Performa Invoice.
IV. Receipt of confirmed Order/ confirmation of
Order.
V. Opening Letter of Credit.
VI. Arrangement of Pre- Shipment Finance.
VII. Production/Procurement of Goods.
VIII. Packing and Marking.
IX. Pre-Shipment Inspection.
X. Central Excise Clearance.
XI. Obtaining Insurance Cover.
XII. Appointment of C & F Agent.
Step 3: Shipment Stage.
It Comprise of following Stage:
I. Reservation of Shipping.
II. Arrangement of Internal Transportation up to Port
of Shipment.
III. Preparation and Processing of Shipping
Documents.
IV. Customs Clearance.
V. Obtaining ‘Charting Order’ from the Port Trust
Authorities.
VI. Customs Examination and Issue of ‘Let Export
Order’.
VII. Obtaining ‘Let Ship Order from Customs
Preventive Officer’.
VIII. Obtaining Mate’s Receipt and Bill of Lading.
Step 4: Post Shipment Stage.
Following Steps are involved in Post Shipment Stage:
I. Submission of document by the C & F Agent to the
Exporter.
II. Shipment Advise to Exporter.
III. Presentation of document to Bank for Negotiation.
IV. Dispatch of Documents.
V. Acceptance of Bill of Exchange.
VI. Realisation of Export Proceeds
VII. Process of GR Form
VIII. Realisation of Export Incentives.
 IMPORT
 The concept of Bringing goods and services into
a nation from abroad usually for purpose of sale
is known as Import.
 Definition :
A good or service brought into one country from
another. Along with exports, imports is also a
backbone of international trade. The higher the
value of imports entering a country, compared to
the value of exports, the more negative that
country's balance of trade becomes.
Import Procedure: How to
Apply for Assistance.
 The Following Step Should be Adopted
while Importing any Product in India:
Step 1: Making Trade Inquiry and Receiving
Pro- Forma Invoice/ Quotation Offer.
Step 2: Obtaining Import License.
Step 3: Obtaining Foreign Exchange.
Step 4: Placing the Indent or Order.
Step 5: Arranging Letter of Credit.
Step 6: Obtaining Shipping Document.
Step 7: Appointing Clearing Agent.
Step 8: Function Performed by the Clearing Agent.
Step 9: Taking Delivery of Goods from Railway/ Carrier.
Step 10: Making Payment.