Question 1
Write in brief the steps of export procedure.
Solution
Following steps are taken to export goods from one country to another :
1. Receipt of enquiry and sending quotations.
2. Receipt or order of indent.
3. Assessing importer’s credit-worthiness.
4. Obtaining export license.
5. Obtaining pre-shipment finance.
6. Production or procurement of goods.
7. Pre-shipment inspection.
8. Excise clearance.
9. Obtaining certificate of origin.
10. Reservation of shipping space.
11. Packing and forwarding.
12. Insurance of goods.
13. Customs clearance.
14. Obtaining mates receipt.
15. Payment of freight and issuance of bill of lading.
16. Securing payment.
