Import and Documentation

Import for the manufacturer and Merchant/ Trader are the Different aspects as far as the Negotiation of Contract and Customs Clearance are Concern.

Negotiation for Importer : The Import contracts are having differed for Manufacturer and Merchants/ Trader. The Manufacturer have the Liberty and Authority to bind the Supplier to Supply the material at Low Cost for Preferred Quality. In Some of the Cases the Same Liberty and Price offered to Merchant/ Trader as well.

Some of the World leading manufacturing Companies are Dealing with only with manufacturing Buyers or Bulk Buyers and for the Traders they have appointed their Authorised Agents who sell their Products.

Clearance From Indian Customs : The Indian Customs Department has the Different approach for the both type of Importers Manufacturer and Merchant/ Trader.

The manufacturer Importers get the Import Licence and  Lesser procedural Hurdles compare to Merchant / Trader Importer. The Price of Imoprt and valuation aspects are the Essential for Importers.

Do Remember to make the Contract Involving the Pricing, Quality, Payment and Delivery conditions before Importing any thing in to India.

Bhadresh Bhatt   

Current Economy Position and Foreign trade Policy

The World Economy is sailing on the flow of Stimulus packages, and as far as the Export and Import are concern the Profit or margin of the sale is very much depended on Government benefits and Subsidiaries Provided to Exporters and Importers.

 

The New Foreign Trade Policy is Going to be on the Doorstep to Indian Exporters and Importers though there are many beneficiary announcements and schemes are already provided; we can just wait for our commerce minister to surprise us with the some of the fresh benefits or withdrawals ?????

 

The Positive growth of Indian Exports are due to the past Stimulus packages provided by Government of India.

 

The Indian Trade are looking towards the DEPB Extention or any other substitute. Expansion of Focus Scheme with New markets and Products.

 

Hope that Commerce Department and Policy makers are Produce the Good Policy and provide equal weitage to all Industry.

 

Bhadresh Bhatt 

Basic of Import

You can start your import/export business at home with a telephone. You'll need a file system, business cards, and a machine to answer the phone calls. Once you get going, you'll want a cable address or a telex hook-up.

And you'll need a classy letterhead. Until you establish personal contacts, it is your letterhead that represents you. Make it look professional, possibly embossed or two-color, or gold leafed. Have it printed on light-weight paper for airmail correspondence, but don't have airmail envelopes printed. You'll have a lot of domestic correspondence too.

More than office equipment, you need the determination to make it work. It will be slow at first, and you'll need to plan your moves, make contacts and SELL YOURSELF. But once you make a few sales and sign several exclusive contracts worth money, you'll know your dedication was worthwhile.