International business ii

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Transcript of International business ii

  • 1. DOCUMENTATIONEXPORT DOCUMENTATIONIMPORT DOCUMENTATION Invoice Transport documents Certificate Bill of entry Custom documents Certificate of inspection Transport documents Certificate of measurement Exchange control Freight declaration Payment documents Fumigation certificate Miscellaneous documents

2. Export documentation is a tedious but necessaryprocess that all exporters must pay close attentionto, as documentation requirements varyconsiderably by country, commodity, and situation. 3. EXPORT DOCUMENTATIONINVOICE Performa invoice Performa invoice is a quotation given inthe form of a regular invoice. Commercial invoice It is an exporters bill for the goodsshipped. Consular invoice- A consular invoice is the commercialinvoice stamped or notarized by the consulate or embassy ofyour customers country, if required. 4. EXPORT DOCUMENTATIONCERTIFICATE Certificate of origin- COO declares that the goodswhich are being exported are manufactured in aspecific country. Combined certificate of origin and value- Thisdocument is applicable to common wealth countriesonly. This document certifies not only the origin ofgoods but also the value of goods. 5. Certificate of Value and OriginExporterStatus of Exporter Page of(Manufacturer, Producer, Supplier, Grower,etc) Date/ / 20Sold To Deliver ToCountry of Origin Terms ( FOB, CFR, CIF , etc )Ship / AirlineSea / Sea / of DischargeFinal DestinationAirMarks & Numbers Quantity and DescriptionCurrency Invoice Price to PurchaserSpecify the following charges and indicate if Amount in thecurrency ofeach amount has been included in the selling the State if Inclexportingpricecountry1. Value of outside packages / containersI the undersigned being duly authorised by the above exporter and having2. Labour for packing goods into outside packages / containers made the necessary enquiries HEREBY CERTIFY THAT THIS INVOIVE3. Inland transport and insurance cost to port / airport areaHAS BEEN MADE IN ACCORDANCE WITH THE VALUE AND ORIGIN4. Port ChargesCLAUSES ATTACHED5. Ocean Freight6. Overseas InsuranceFull name and position of signatory7. Royalties8. Other Charges (drawbacks, commissions, etc) Signature of authorised Signatory Date 6. Export DocumentCustoms Documents Shipping Bill: Shipping bill is the main customsdocument. It is required by the customsauthorities for granting permission for theshipment of goods. 7. Export documentsTransport documents Mate receipts -It is a prime facie evidence that goods areloaded in the vessel. It is an acknowledgement of the goodson board the ship. Bill of lading It is issued by the shipping company and servesas a receipt from the shipping company which undertakes todeliver the goods at agreed destination on payment offreight Airway bill- When goods are exported by air, the concernedairline authorities issue airway bill. 8. Export DocumentsExchange Control DocumentsGR Form - Form GR is an exchange control documentwhich is to be submitted to the Reserve Bank of Indiaafter clearance from the customs authorities. It isdesigned mainly to furnish guarantee to the RBI to remitthe foreign exchange earned from the export shipmentwithin 180 days from the date of exports. 9. Export DocumentsExchange control Documents PP form- PP Form is also an exchangecontrol document. It is used in place of FormGR when goods are exported by post parcel. 10. Export Documentation Payment documents Bill of exchange- Bill of exchange is also known asdraft. 11. Export Documents 12. Miscellaneous DocumentsInsurance certificate- All goods meant for export arecompulsorily covered by insurance. 13. Miscellaneous DocumentsHealth certificate- This document is required for the export offood products,seeds,animal meat etc. 14. Import documentsImport LicensesThe import of specific products requires obtainingimport licenses and authorizations issued by thecompetent authorities (Ministry of Economy,Ministry of Environment, Ministry of Culture, etc.)The goods that shall be subject to import licenses arelisted in detail in the Decision for Classification ofGoods to Import and Export. 15. Import DocumentsTransport Documents Ocean freight :Bill of lading. Air freight :Airway Bills. Rail / Road :Railway Receipt. Post :Waybill issued by Foreign Postoffice. Courier: Courier Receipt. 16. BILL OF ENTRYThis document contain details like quality,quantity,numberof packages etc. 17. Import document Fumigation CertificateFumigation certificate is required as proof that thepacking materials e.g. wooden crates, wood, wooletc), have been fumigated or sterilized. 18. Import documentInspection Certificate or Inspection ReportThis certificate certifies that goods beingexported are exportworthy. 19. FOREIGN TRADE PROMOTIONMEASURES & SCHEMES 20. 1. DUTY DRAWBACK SCHEME2. EXPORT MANUFACTURING UNDER BOND SCHEME3. EXEMPTION FROM PAYMENT OF SALES TAX4. ADVANCED LICENSE SCHEME5.EXPORT PROMOTION CAPITAL GOODS SCHEME6. EXPORT OF SERVICES 21. 7. EXPORT FINANCE8.EXPORT PROCESSING ZONES (EPZs) 9.100 PER CENT EXPORT ORIENTED UNITS(100%EOUs)10. SCHEME OF RECOGNISING EXPORT FIRMS ASEXPORT HOUSE ,TRADING HOUSE,AND SUPERSTARTRADING HOUSE 22. IBRD-WORLD BANK 23. 1. INTERNATIONAL DEVELOPMENT AGENCY (IDA) ITS MAJOR OBJECTIVE IS TO PROVIDE FINANCIALASSISTANT TO LESS DEVELOPED MEMBERCOUNTRIES ON SOFT LOAN BASIS. SUCH COUNTRIES COULD REPAY LOANS AFTERLONGER PERIODS OF TIME & AT A VERY LOW RATEOF INTEREST. IT ALSO PROVIDE MACRO ECONOMIC SERVICESRELATED TO HEALTH CARE, EDUCATION ,ETC. 24. 2. INTERNATIONAL FINANCE CORPORATIONS FUND (IFC)THIS INSTITUTION WAS ESTABLISHED TOPROVIDE FINANCE & ASSISTANT TOPRIVATE SECTOR ENTERPRISES OFDEVELOPING COUNTRIES. 25. 3. MULTINATIONAL INVESTMENT GUARANTEE AGENCY (MIGA) ITS MAJOR OBJECTIVE IS TO ENCOURAGE DIRECTFOREIGN INVESTMENT INTO LESS DEVELOPEDMEMBER COUNTRIES. IT ALSO PROVIDES COVER OF GUARANTEE AGAINSTPOLITICAL RISKS & NON COMMERCIAL RISKS. 26. INTERNATIONAL MONETARY FUND (IMF) 27. WORLD TRADE ORGANISATION (WTO)