This article throws light upon the thirteen main steps involved in the import of goods. Some of the steps are: 1. Obtaining the Import Licence 2. Obtaining Foreign Exchange 3. Placing an Order 4. Sending Letter of Credit 5. To Receive the Shipping Documents 6. Appointment of Clearing Agents 7. Endorsement for Delivery 8. Bill of Entry 9. Bill of [...]
After reading this article you will learn about the export procedure for goods in India. 1. Receipt of an Indent or Order: This is the first step in the procedure of exporting goods. Order may be received either directly from the importer through some specialised agency like indent houses. The indent will contain details regarding: (i) Quality of the goods, [...]
The following procedure is adopted while transporting goods through railways: 1. To Make a Choice between a Goods Train and a Passenger Train 2. Packing and Marking 3. Sending the Goods to the Railway Station 4. Consignment or Forwarding Note 5. Booking the Goods and Obtaining the Railway Receipt 6. Sending in Railway Receipt to the Consignee 7. Taking Delivery [...]