Import Export Procedure

International markets provide a wide range of opportunities compared to the domestic markets. But global business is inherently more risky than domestic business. However, the firm prefers to go international, if the perceived benefits overweigh the anticipated risks. Companies going global would like to gain from the perceived benefits and minimise the risks or threats to which they are exposed. In the present era of globalisation, many firms do not confine themselves to their domestic market but choose to enter international markets at some point.

Exporting a product is a profitable method that helps to expand the business and reduces the dependence in the local market. It also provides new ideas, management practices, marketing techniques, and ways of competing, which is not possible in the domestic market. Even as an owner of a domestic market, an individual businessman should think about exporting. Research shows that, on average, exporting companies are more profitable than their nonexporting counterparts. The export organisations would have to follow the highly professional managerial approach to meet the emerging challenges and take advantage of the growing opportunities.

1. Essentials for Export

2. Customers Clearance Procedure for Imported Cargo

3. Export Procedure

4. Benefits of Export

5. Duty Drawback and Remittance Scheme

Appendices

Abbreviations

Glossary

Bibliography

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