Export-Import Policy and Documentations

Concept, scope, and significance of international trade; role of exports and imports in economic development; composition and trends of India’s foreign trade; theories of international trade; features and rationale of export business; export-import policy framework in India; essentials for starting an export business; exporter registration requirements; opportunities and challenges in global trade; contemporary developments in India’s foreign trade policy.

Export procedures and stages in export transactions; registration of exporters; export documentation and its significance; principal export documents including commercial invoice, customs invoice, consular invoice, packing list, certificate of origin, certificate of inspection, bill of lading, airway bill, shipping bill, GR form, SDF form, and PP form; customs clearance procedures; insurance cover and export cargo protection; role of Export Credit Guarantee Corporation (ECGC); quality control and pre-shipment inspection; HS classification and coding system.

Export promotion infrastructure in India; role and functions of Export Promotion Councils (EPCs); Export Promotion Zones (EPZs); Special Economic Zones (SEZs); Federation of Indian Export Organisations (FIEO); Agricultural and Processed Food Products Export Development Authority (APEDA); Directorate General of Foreign Trade (DGFT);trade facilitation measures; government initiatives for export promotion; digital platforms supporting exporters.

Concept and importance of export finance; pre-shipment finance and post-shipment finance; role and functions of EXIM Bank; methods of payment in international trade including cash-in-advance, letters of credit, documentary collections, open account, and consignment sales; bills of exchange and trade credit instruments; export credit insurance and risk mitigation; export pricing considerations.

INCOTERMS 2020: meaning, significance, and classification; obligations of buyers and sellers under major INCOTERMS; international logistics and shipment coordination; export risk management; legal and regulatory compliance in export trade; digitalization of export processes; sustainability and ethical practices in international trade.