![]() GST formalities (Goods and Service Tax): All formalities regarding GST must be complied With by the exporter.The ECGC covers the risk up to 90% if the importer fails to make the payment. ECGC Cover (Export Credit and Guarantee Corporation): In order to protect the goods and cover the credit risks, the exporter must obtain a cover of ECGC.Goods have to be packed as per the requirement of the importer and it should protect the goods in transit, preserve the quality of goods and carry out the promotion of goods. Packaging: Packaging plays a very important role in the export business.Production of goods: If the exporter is a manufacturer, then he has to produce the goods according to the order placed by the importer, otherwise he has to get the necessary goods arranged from his suppliers.Pre-shipment Finance: The exporter has to meet his working capital needs and for that, he has to obtain the pre-shipment finance from his bankers.Letter of Credit: The exporter has to obtain a letter of credit from the importer, which is used to clear the foreign exchanges and other restrictions.He also checks the restriction of imports in the importer’s country. Receipt of Order: When the exporter receives an order he has to check the details of the order.Appointment of Agent: The exporters are supposed to appoint an agent in the foreign country who will look after the order or book an order for the exporter.(III) Export Promotion Council (EPC) and GST authority. (II) Income Tax Authority to obtain Permanent Account Number. ![]() (I) Director General of Foreign Trade 1n order to obtain Import Export Certificate Number Registration: The exporter gets himself registered with various authorities in order to conduct export trade like.Preliminary Stage: This is the first stage which includes the following steps. There are four stages that help simplify the export procedure. Export trade refers to the selling of goods and services to other countries or foreign countries Export procedure is as follows: Trade between two countries is called International Trade. ![]()
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