Explain the meaning and features of export procedure. – InterviewSolution

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1.	Explain the meaning and features of export procedure.
Answer» Processing of an export order starts with the receipt of an export order. An export order, simply stated, means that there should be an agreement in the form of a document, between the exporter and importer before the exporter actually starts producing or procuring goods for shipment. Salient Features of the New Export & Import Policy The following are the salient features of the new export, import policy: Increase in number of Export Items: Special Economic Zones: Role of Public Sector Agencies: Restriction Free Export Policy: Liberalisation of Export- Oriented Import: Convertibility of Rupee: Devaluation of Rupee:

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