Explain post-shipment stage of export procedure.

1.	Explain post-shipment stage of export procedure.
Answer» Post-shipment Stage: 1. Shipment Advice : On the dispatch of the goods, the exporter sends shipment advice to the importer. Along with it, he also sends the packaging list, commercial invoice and non-negotiable copy of loading. 2. Presentation of Documents : The necessary documents are presented to the bank for negotiation and realisation of export proceeds. 3. Realisation of Export incentive : Various incentive like duty drawbacks, refunds of GST if paid, etc. is given to the exporter by the concerned authorities. 4. Follow up : Exporter has to follow up and find out the buyers reaction on the goods he receives. This concludes the export procedure.

Answer»

Post-shipment Stage:

1. Shipment Advice : On the dispatch of the goods, the exporter sends shipment advice to the importer. Along with it, he also sends the packaging list, commercial invoice and non-negotiable copy of loading.

2. Presentation of Documents : The necessary documents are presented to the bank for negotiation and realisation of export proceeds.

3. Realisation of Export incentive : Various incentive like duty drawbacks, refunds of GST if paid, etc. is given to the exporter by the concerned authorities.

4. Follow up : Exporter has to follow up and find out the buyers reaction on the goods he receives. This concludes the export procedure.

Discussion

No Comment Found

Related InterviewSolutions

Classify the trade taking place between the following regions:(1) Maharashtra and Punjab (2) India and Japan (3) Lasalgaon and Pune (4) China and Canada (5) India and European Union
Study the following case/situation and express your opinion:Tata have opened CROMA store in different locations. These stores sell consumers electronic items.1.Name these type of retail trade?2. Which type of retailer are they?
Justify the following statement:Cheap Jacks are not reliable and dependable.
Explain the following term /concept:Online Retail Trade.
State True or False(i) Customers cannot bargain in one price shop.(ii) Letter of Credit is required for obtaining export license.(iii) Buying goods from other country is known as export trade.(iv) Maintaining high quality is necessary to sustain in export business.
Name the stages involved in export trade.
Define Retail Trade.
Who creates link between producers and consumers?
Explain the following terms /concept.Retail Trade.
State True or False(i) Wholesaler keeps large stock of goods.(ii) Wholesaler deals in small quantity.(iii) A retailer has no direct contact with consumers.(iv) Super market shops offer home delivery facilities to customer.(v) Departmental store located out of the city.