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Import and export are the forms of trade. These are one of the most opted ways of carrying business by the entrepreneurs on an international level. The traders who wish to start trading either in the form of export or import need to follow the prescribed procedures and have certain documents. In this blog we are going to discuss the export procedure in detail;
In foreign trade, one needs to follow the prescribed import and export procedure. Let’s discuss the significant difference between these two;
Export or exporting means selling of goods and services outside the boundaries of a country. Therefore, selling of products or services outside one country to the other is called an export.
Import or importing means purchase of goods or services from outside the boundaries of a country. Consequently, when products or services are purchased from another country by the native country is called an import. There are two segments of Import: Direct & Indirect.
Here are the following steps which need to be followed to carry export procedure:
There are a particular set of documents required by the exporter to start exporting. Let’s discuss it in detail one by one;
Exporting and importing are very preferred means of trading opted by business entities. Exporting is selling goods and services outside the boundaries of a country and importing is purchasing of goods and services from other countries. Exporting is carried on following specific procedures. Also for shipping, the exporters need to have some documents. The examples of required documents by the exporters are import export code, seller bill, packing list, airway bill, cart ticket, and letter of credit etc.
For more information please contact Enterslice
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