Production and Procurement of Goods for International Business
Once export contract is confirmed, exporter has to arrange manufacture of goods meant for export, if they are not readily available. In case, there are production constraints, priority is to be given for exports as timely delivery is the most important criterion in case of exports and, if necessary, certain rescheduling of production for meeting indigenous requirements may have to be made. If the goods are not to be manufactured but are to be procured from the local market, necessary action has to be initiated to meet the delivery schedule.
If exporter is a manufacturer, a detailed plan of action is to be drawn as manufacturing process is not as simple as procuring finished goods. The details of inputs required for production should be presented in the form of a document called Bill of Materials. The manufacturer/exporter has to prepare backward pass calculations to ascertain the time Schedule of requirement of materials. For calculating this, it is desirable to leave a margin of ten to fifteen days to the date of shipment of goods to face unforeseen contingencies. It is also prudent to plan for labelling, packing and packaging, simultaneously. A careful cost and time schedule and their periodical review are essential meet the deadline date delivery schedule and achieve the anticipated level of profits.
Is digital signature option available under registration of GST in India?
Advantages of GST registration in India
Who has to obtain GST registration in India?
Does GST registration number of my firm change time to time in India?
Is GST registration required for a public sector undertaking?
Is amendment of GST registration allowed in India?
Cancellation of GST registration in India
Centralized GST registration of services permitted in India?
Retired from business ownership. Fresh GST registration in India?
GST Registration for Job workers in India
GST registration mechanism in India
Pre-registration of credit card necessary for GST payment in India
Is GST Registration required for a Job worker in India?
We have applied for GST registration, but not obtained registration certificate. Can we claim ITC in India?
Date of GST registration and date of eligibility to claim ITC
Refund of Input Tax Credit (ITC) of GST, FAQ
Refund of GST paid in India, FAQ
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.
How is IGST calculated under Imports?
How is IGST rate on imports treated?
GST and e-Commerce Business, FAQ
Definition of E-Commerce under GST
TDS under GST, Frequently Asked Questions
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
Procedure for Central Excise Clearance Under Claim of Rebate
Customs procedures for Costa Rica Export
Registration required to export from Costa Rica
Import Customs processes in Costa Rica
Import Registration and import Licence procedures in Costa Rica
How to export from Bolivia?
How to Import to Bolivia?
How to import to India from Bolivia?
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?