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
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Exporting from India
Part I
![Page 2: Exporting From India Part 1](https://reader030.vdocuments.us/reader030/viewer/2022033101/56812910550346895d8ba8b0/html5/thumbnails/2.jpg)
Why Export?
Trade is based on The Concept of Comparative Advantage
FrontalRain Technologies Pvt Ltd.
![Page 3: Exporting From India Part 1](https://reader030.vdocuments.us/reader030/viewer/2022033101/56812910550346895d8ba8b0/html5/thumbnails/3.jpg)
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.
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Benefits of Business Expansion Overseas
More Working Capital
Time
Commitment
Lower Market Risks
Increase inMarket Share
MultinationalReachEarn More
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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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