The EU and India in Search of a Partnership
Appendix C: Administrative and Documentation Formalities to be Fulfilled by Indian Exporters
Appendix C: Administrative and Documentation Formalities to be Fulfilled by Indian Exporters The report by Khorana et at. (2008) highlighted the different administrative and documentation formalities needed to be fulfilled by Indian exporters. These are: 1. Procurement of various multiple registrations including acquIrIng permanent account number, importer-exporter code number, business identification number, SSI registration (for small units), sales tax registration, opening and maintaining a Running Bond Account with the Maritime Collector of Central Excise, registration with export promotion councils, and so on. Procurement of an export order and its processing which includes terms and conditions of contract, mode of payment, and confirmation of the order by exporter. Procurement/manufacture of goods, as per the specifications of the importer, by securing pre-shipment finance from a bank on the basis of security of letter of credit (L/C) or Confirmed Export Order or Personal bond along with Export Credit Guarantee Corporation (ECGC) policy. Clearance by Excise Authorities from the premise of the exporter after physical verification on payment of duty and subsequent rebate or clearance under bond. The next step includes fulfilling the requirement of quality control and pre-shipment Inspection. 2. 3. 4. 195 196 Bilateral Trade Agreements in the Era in Globalization 5. 6. 7. 8. 9. Dispatch of goods to the gateway port for shipment by road or rail, and requisite application to the insurance company to obtain insurance cover for various risks. Completion of formalities relevant to a member of the export promotion councilor floor price regulation, canalization, certificate of origin,...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.