Hello guys good morning welcome to my new uh video new podcast Export Procedure so this is Rajesh someone son of great parents and husband of a super uh woman right uh starting my career in network marketing then turns into tiles business then dance into real estate business now I am uh doing real estate business with e-commerce with the woo commerce export uh trade from till now 10 000 students 5000 plus professionals founder of Rajesh Enterprise welcome all of you
So in this podcast in this video you will learn what is export procedure right burning problems sold in this video is what is the export procedure how to start and make successful your export business right the three uh misconception of an export business are it requires a high investment and high qualification
and huge time investment so this is a misconception among the people though so the step to keep in mind for export business is to establish an organization open a bank account obtain a Pap and pan account pan number apply for a GST number obtain an importer exporter code select the right product that’s it you start you can start export input business okay so who can export it does not matter it does not
matter whether you are a male-female shopowner or employer housewife your business could be local or International you have uh you just have to be careful that your age is 18 plus okay so 18 plus s is required to do export business if you are not 18 plus then you can do your business on your parents
name right a so misconception of export business there are a lot of myths about the export business some of the myths are high investment needed first of all in every export-import business you don’t need to low top money this completely depend up in your product and business of model there are some export business which can be started with almost zero and
a very little amount second men’s conception is that high qualification lots of people feel that you need to be highly qualified if you want to start an export business so this is not right to do an export business if you don’t have a big degree right accurate degrees are based here all you required is some ID skills and knowledge of English language I didn’t think so key
uh you have required the language of English knowledge however it is uh Health to you but you can hire an uh like uh intermediate which can speak two languages right so this is obvious because if you are going to do business in the international market it is not necessary it is necessary to know English as it is an international language of business and communication right (Export Procedure)
so the third misconception is to use invest time investment people feel that if they are doing export business then this will take a lot of dedicated time they feel that they don’t have so much time because they have a job and they already have their business right the whole task of working with people in foreign countries can look at some consuming but the good news
is that their time zones are completely different from our time zones this can be a great advantage to you in other words when it is night here it may be morning and afternoon over there thus you can schedule your day accordingly and you can you will end up saving a lot of time so Keynote sixth sixteenth step for your export business following are the
The 16th step using which you can start your export business is first of all establish your organization the first thing that you should do is register your company there are five uh types of companies in India there are Solo proprietorship companies if you are a beginner and you want to run your business alone then you should create a solo productive
company proprietorship company partnership concern if you want to do partnership then you uh this will become a partnership company limited liability partnership LLP it happens sometimes that there are more than two persons who want to open a company together how however they want to respond for each other to be limited right next is a public limited company
in this there uh have to be at least two directors it is easy to get a bank loan by doing this there are lot of expenditure on paperwork and you have to get it audited as well as a public limited company this company is established by raising funds from the public via IPO initial public offering and there should be at least seven shareholders for this to flourish the paperwork has is a load and you have to get the audit done as well right so this is first step open your company in India
in any way in the world right second is open a bank account in Second Step you have to open a bank account your bank account holder should be an authorized dealer for foreign exchange dealing which bank provides code exchange dealing right so you have to open a current account in that bank the current account can be opened in your company name obtain a 14 digit authorized dealer code you will get a 40 digit or dealer code ad code from the bank and with this, you can work smoothly in future right so this is second step third step is to obtain pan number permanent account
the number for every exporter and import having a pan number is necessary without this he cannot do any further work by getting a pen number it is easy for you to deal with the income tax department right so it is a solo product ship this can be uh on your name if it is a partnership private limited LLP
or public limited it is necessary to get it on your company name right to apply for the GST number fourth step is to apply for the GST number this is necessary for your business to do this go to the website www.gst.government.in
apply for a GST number on this website and then you will get your GST number right and obtain the import exporter code now fifth step is to get the IEC code to apply for the IEC number on your license the foreign trade policy says that it is important to get your IEC number for this you have to go to website
1
www.dzief.gov.in and fill out the application for Export Procedure there right sixth point is to obtain a registration come certificate rcmc called This is a certificate that is issued through the export promotion Council second is vo Federation of Indian export organization community board authorities so this is where you can get rims seventh step is select the right product now if your documentation process is complete
then you have to select the right product right you may have followed all the procedures but if you are not sure about the product you want to export your business plan B in the clip incomplete right to choose the right product you should answer a few questions like in the international market which product have huge demand what are the regulations for that product what are the exports trend for that product looking at all these factors you can select a product for yourself right
and it’s going to eight steps find a buyer and now if you choose your product then you find a buyer there are many methods by which you can find a buyer by yourself you can go to trade fairs executions buyer-seller platform you can register yourself on buyer-seller platform like import export.com web browsing you can search on the internet for potential buyers you can also search for that right in the further episodes in the further upcoming videos
I will also tell you how can you find a buyer I will medically make a video on that right so the ninth step is sampling you should be very careful while sending samples according to the buyer’s demand the buyers will want to see and test the kind of product that you are selling to him now 10 step is pricing while deciding the price of your product you have to see all the cost involved in only then should you decide the price of your product right you have to check the whether the product is free on board are you selling the product through fob right cost insurance fright is this included
and is is it not included in the product cost of right what is the cost of your product you you should know so that you can ensure that uh you make a good profit margins right negotiations with buyer to generate a profit on your product you should do a good negotiation for its price with this with the buyer this is why doing negotiation is very important if you are buyer is ordering in bulk then you may even offer response a reasonable discounts right now this is a coming to 12 step cover risk throw ecgc and Marine insurance you can cover all your risks through ecgc and Marine Insurance what is the CDC the full form ecgc is export credit guarantee corporation that is for exporter a wide range of credit risk insured in is provided right what is marriage Insurance the marriage insurance policy cover all the kids of risk that happened during the transportation of goods for example the ship catches fire and there is uh any other problem in the ship because of some reasons your goods get spoiled during transport all the all of these things are covered by insurance next step is decide payment terms right this is very important what will you be your payment system will it be Advanced payment will it be letroof credit will it be how will the uh collection of payment take place so this is you have to configure out now coming out to 14 step make arrangement for custom clearance shipment make all the documents arranged right custom clearance means all the process and formalities which the exporting companies supposed to follow right to send its good to another country in customer clearance custom clearance sorry and shipping you will also require certain documents like what documents you require Pro for my invoice perform my invoice that’s we called it custom packaging list country of origin CEO certificate custom invoice shipping Bill below Lending below flooding LED ing below site export license Warehouse receipt all of this document are very important for you to provide like right so coming out to 15 Steps send document to the buyer through the bank 21 days from dispatch okay after the shipment you have to send all your document to the buyer through the bank so that the payment can be made to you which documents do you have to send below vaccines later of credit invoice packaging list airway bill declaration under Horizon exchange certificate GSP generalized system of reference foreign
after submitting all these things you can
go through 16 steps to obtain the receipt of payment to claim the government benefit so International International bodies or import-export there are ICC International Chamber of Commerce’s head office in Paris established in 1999
45 million members in 100 plus countries promoters international trade and investment what is the mission make business work for everyone every day everywhere establishment of rule dispute resolution policy and advocacy the ICC makes policies and also improves old policies right second is WTO World Trade Organization founded in 1995 first of January Geneva Switzerland head office Global International Organization right lots of countries are with them conduct rules and regulations of international trade operate global system of trade regulation negotiation of trade agreements Federal Trade disputes between its members right third is World custom organization wcu head office is Bank Belgium Brussels establishment in 26 January 1952 Implement custom system procedure member 185 countries members fourth is United Nations un head office New York USA established 1945 established peace in the world established friendly relation between countries help countries to work together provide solution for world problem right local bodies are also there uh like if we’re talking about in India dzft is there director General foreign trade agency of Ministry of Commerce right minister of Commerce government of India the chairman is known as the Director general of phone trade provided Frameworks and set of guideline for importers and Export Procedure foreign trade and foreign investment law in India right now tax second local bodies EPC export promotion Council this held exporter in export business it is necessary for every exporter to register resistor itself register itself in the EPC so that the APC provides benefit of government scheme trade policies to the exporter third is few view is also very popular Federation of Indian export organization this is the Apex body of Ministry of Commerce government of India vo EIC export inspection Council the official export certification body EIC makes sure that whatever is exported from India’s best quality and is safe right so this is work EIC done whenever you are starting your export business or planning it you should follow these steps properly and from a pact with these local and international bodies this will ensure the success of your export business now coming out to the key point of this podcast this video what are the key points register your company or Export Procedure with the bodies that regulate the exports of goods pick all the arrangements for custom colorants at your shipment negotiate with the buyers to decide on competitive price make a note of all the cost involved before you settled settling on a price cover risks through ecgc and Marine insurance and uh ecgc export credit guarantee Corporation right so this all the episodes are complete so thank you so much for watching for listening these episodes this is Rajesh samwar son of great parents husband of a superwoman starting my career from network marketing then turns into tiles business then turns into real estate business now I am a real estate businessman importer export e-commerce businessman a YouTuber a podcaster right so lots of things are there founder of Rajesh Enterprises signing off thank you so much for listening Export Procedure
More videos on that topic watch here
What is import export
Introduction to import export
