The information provided here is part of Export import business Course online
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How to export Rubbers and articles thereof?
This post explains export process of Rubbers and Rubber articles, government rules to export Rubbers and Rubber articles, different precautions to be taken care to export Rubbers and Rubber articles, export documentation to export Rubbers and Rubber articles.
If you would like to export Rubbers and Rubber articles, detailed general information on how to export has been mentioned in separate article. Learning export process for Rubbers and Rubber articles makes easier to you if you can go through the said post.
After choosing your export product as Rubbers and Rubber articles and export samples are sent, terms of payment and terms of delivery are agreed with your overseas buyer along with other terms and conditions and issue proforma invoice, in turn you receive export order for Rubbers and Rubber articles followed by purchase order from your overseas buyer. The terms of payment for your export contract could be advance payment, Documents against Acceptance DA, Documents against Payments DAP, or under Letter of Credit LC, and the terms of delivery for your export of Rubbers and Rubber articles might be EX-Works, FOB, CFR, CIF, DAP, DDP or any other Inco terms. The finance against export can be arranged from your bank for pre shipment packing creditor post shipment finance against export orders for Rubbers and Rubber articles.
Insurance can be arranged against credit risk and about other risks involved in export of Rubbers and Rubber articles. After quality check (QC), proper packing is arranged with Palletization or Crating if required. Type of container is decided if export shipment of Rubbers and Rubber articles is on FCL basis otherwise LCL if mode of shipment of Rubbers and Rubber articles is by sea. Export invoice, export packing list ,certificate of origin (GSP – Generalized System of Preference) and other documents are prepared based on the purchased order or LC to export Rubbers and Rubber articles. After completion of export customs clearance either by exporter or his Customs broker, Bill of Lading or AWB is issued by carrier, if consolidator involved, HAWB or HBL is issued. The documents for export of Rubbers and Rubber articles is discounted, arrange for collection or negotiated if export of Rubbers and Rubber articles is on Letter of Credit basis.
Any importer or exporter of Rubbers and Rubber articles should know HTS code (HS code) of their export product. Rubbers and Rubber articles falls under HS code (HTS code) chapter 40 Click here to know 6 digit HS code of your export product. In India Rubbers and Rubber articles classified under ITC code (Indian Tariff Code)chapter40Click here to know 8 digit ITS code, if you export or import from (to) India.
Test report of analysis from Laboratory also may be required if applicable to export Rubbers and Rubber articles articles under chapter 40 of HS code (HTS code).No Objection Certificate (NOC) from Rubber Board may be required to obtain for export of Rubbers and Rubber articles .The exporters should follow the Conditions as per Hazardous Wastes management, handling and Trans boundary movement rules.
Permission from environment department also is required to export some of the items under Rubbers and Rubber articles.
Some of the items under chapter 40 of HS code may be restricted or prohibited to export. Unilateral trade agreement, multilateral trade agreement or bilateral trade agreement between countries simplifies documentation and other formalities and process for export of Rubber and Rubber articles.
The above information is a part of Online international business guide course
Also read;
How to export your product?
How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Disadvantages of Letter of credit (LC) for Exporter
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The above post commonly answers the questions below. However, you may contact concerned authorities to collect accurate information on export of your product:
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