Massive Open Online Course by Indian Institute of Foreign Trade on
BASICS OF EXPORT - IMPORT
Under Niryat Bandhu Scheme of Ministry of Commerce & Industry, Govt. of India
This session will cover the overall coverage and assessing export readiness like legal definition of exports, who can export, why to export; Inner Qualities required for success in exports, overall understanding of the system for exports;
This session will cover Basic Steps to Export, Export Preliminaries, How to export, Marketing related issues, Where to Export, Pricing and Costing, FTP related issues, WTO Related Issues.
While conducting international business with foreign entities, the firms from various countries complete the documentation formalities by using a common trade classification.
As the tariff barriers on merchandise
products are coming down, newer forms of Non-Tariff barriers (NTBs) are
emerging in the world. Apart from merchandise products, the imports in
service sectors are also subject to interventionist policies by home
countries.
What is an IEC? How to get an IEC online?
How to make changes in IEC?
Major highlights; Incentives for Exports
– Export Promotion Schemes – How to decide on an incentive scheme based
on your business strategy
Indian government has also been in the
process of entering into trade agreements across both developed and
developing markets. In light of various initiatives taken by India
towards signing of regional and bilateral trading agreements, it does
make sense for exporting units to consider diversifying from the
traditional markets of USA, EU and Japan etc to new emerging economies
where India has signed the trade agreement.
Towards making a successful export
transaction, trading companies should be aware about challenges it could
face while entering the importing country which may be beyond just
tariffs. Such challenges which may restrict trade between countries and
are "not tariffs" are termed as "Non Tariff Measures" for example
embargo, import prohibition, regulations, certifications, stringent
quality standards etc.
A business plan is a formal statement of
business goals, reasons they are attainable, and plans for reaching
them. It also contains background information about the organization or
team attempting to reach those goals. Written business plans are often
required to obtain a bank loan or other financing.
International Commercial Terms, in short
known as Incoterms and also known as 'terms of delivery' or 'shipping
terms' or 'trade terms' or 'infoterms' helps overcome these challenges.
Shipping terms are integral part of any export-import transactions
between exporter and importer.
Duty drawback is a refund of taxes and duties paid either at the time of imports of goods meant for export in the same form or after use or as import duty paid on inputs to be used in exportable products.
For an Indian exporter's point of view,
the Goods and Services Tax (GST) has become some important area as
Indian exporters are finding out lot of issues related to working
capital deployment in export chain and raised this issues at various
levels.
Management of international payments to
ensure full and on-time payments, Letter of Credit and implication of
UCP-600 rules.
Cost Reduction Approach. How to do more
export business with less money – Case study
Understanding FEMA Guidelines and Master
Directions of RBI relating to export Transactions.
Understanding change in valuation of
Foreign Currencies (USD, STG, YEN and EURO) and basics of Currency Risk
Managements to protect profit margin – Export-Import transactions.
Documentation in international trade is the backbone of any transaction. Incomplete documentation or faulty documentation leads to losses of many kinds specifically monetary loss and brand image hampering.
Export business has become very complex
and highly risky. Insolvency rate is on the increase. Balance of payment
difficulties have severely affected the capacity of many countries to
pay the import price.
Understanding Logistics Value Chain in Export operations
Open Discussion with DGFT officers & IIFT Faculty.
1. Introduction to the Programme: Overall Coverage and Assessing Export
Readiness
2. Background of India's Export
3. Harmonized System data Classification, Market Identification & Trade Map
4. Understanding the Market Opportunities
5. DGFT, Export Promotion, Role of RA, EPCs and RCMC;IEC
6. Foreign Trade Policy (2015-2020)
7. Foreign Trade Agreements
8. Non Tariff Barriers
9. Export Business Plan
10. Incorporating Incoterms 2010 in Trade Transactions
11. Duty Drawback and Claim Procedure
12. Implication of GST in Export Chain
13. Management of international payments to ensure full and on-time
payments, Letter of Credit and implication of UCP-600 rules.
14. Export Finance Bank Schemes
15. Understanding FEMA Guidelines and Master Directions of RBI relating to
export Transactions
16. Currency Risk Managements
17. COMMERCIAL& REGULATORY DOCUMENTS FOR EXPORT PREPARATION AND HANDLING
18. RISK MANAGEMENT IN EXPORTS – ROLE OF ECGC
19. Understanding Logistics Value Chain in Export operations
20. Importance of Packaging in Exports
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