Articles under How to export

Special Schemes of ECGC

Special Schemes of ECGC Special schemes consist of bundle of covers addressing the needs of banks and Investors in foreign venture. These schemes are targeted at specific audiences such as banks, investors in foreign countries and exporters taking up long term projects abroad, covering distinct risks faced by them. ECGC offers three types of special schemes: (a) Transfer Guarantee: Transfer Guarantee Scheme is provided to safeguard banks in India against losses arising out of c

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Financial Guarantees of ECGC

Financial Guarantees of ECGC   In order to provide financial assistance to the exporters through commercial banks and other financial institutions, ECGC guarantees various loans provided by these financial intermediaries to the exporters. Due to the guarantees given by the ECGC, commercial banks can liberally lend money to the exporters. The main types of guarantees offered are: (a) Packing Credit Guarantee: Any loan given by exporter at the banks to an expo pre-shipment sta

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Procedure for Realisation of Export Proceeds

Procedure for Realisation of Export Proceeds   The following is the Procedure for the realisation of export proceeds: (a) Presentation of Documents to the Bank for Negotiation: After shipment of goods, the exporter is required to submit the shipping documents to an authorised dealer Within 21 days of the date of Shipment for negotiation, Submission of relevant documents to the bank and process of getting the payment from the bank is called "Negotiation of the Documents” an

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Advantages of Indian Customs EDI System

  Advantages of Indian Customs EDI System   Some of the benefits of Indian Customs EDI System are: (a) Speed: EDI System is fully-automated, quick and paperless. This facilitates improved customs clearance and inspection procedures. Notifications of releases are speeded up as a result of the electronic releases being generated automatically.   (b) Time and Cost Savings: Computerization of customs procedures resulted in time and cost savings due to reduced ne

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Features of Pre-Shipment Finance

Features of Pre-Shipment Finance The features of pre-shipment finance are as under:   (a) Eligibility: Pre-shipment finance is available to all types of exporters such as: Merchant exporters; Manufacturer exporters; Export and Trading houses: Manufacturers supplying goods to Export Houses (EH) Trading houses (TH) or merchant exporters. The above categories of exporters are eligible for pre subject to certain conditions: Exporter should not be in the caut

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