exporting from india part 1
DESCRIPTION
The basic question that pops up to businesses when thinking of expansion is whether to enter export market or not. We’ve tried an answer here. - PowerPoint PPT PresentationTRANSCRIPT
Exporting from India
Part I
Why Export?
Trade is based on The Concept of Comparative Advantage
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Principles of Export that India abides - WTO Agreement
Indian trades according to WTO
Agreement
Most favoured nation
National treatment
Preferential treatment to Developing countries
Technical, Sanitary and Phyto-sanitary
(SPS) standards
FrontalRain Technologies Pvt Ltd.
FrontalRain Technologies Pvt Ltd.
Benefits of Business Expansion Overseas
More Working Capital
Time
Commitment
Lower Market Risks
Increase inMarket Share
MultinationalReachEarn More
Merchant Exporter
Manufacturer Exporter
Service Exporter
Raw materials
ValueAddition
Finished productsfrom
Multiple Vendors
Exports Software, Healthcare, Consultancy
or Hospitality services
Packaged finished goods
Types of Exporters
Shipping
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Proprietary firm – Individual runs business
Partnership firm – At least 2 Individuals run business
Public company – At least 7 membersPrivate company – Minimum 2 individuals
Establishing a Business Entity
Logo & Website
Registrar of companies –RegistrationDepartment of Income Tax – Obtain PAN Central Board of Excise and Customs – Registration Sales Tax Office – Registration Scheduled Bank – Open Current AccountDirectorate General of Foreign Trade – Obtain IE Code
LimitedLiability
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Starting an Export firm
Becoming an Exporter
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