How to Export

Initially to select a name for the Company and it is to be decided whether it is a


Proprietor concern -- Single owner/Proprietor.
Partnership concern - Two or more partners in a firm.
Limited Company - Two categories viz., private Limited company or Public Limited company.


Private limited company is owned privately by a small group of people such as a family. They are not allowed to offer shares (in the company) to the general public and can function just as director.


Public limited company is owned by public share holders and they are allowed to offer shares of the Company in the market.


Next Step In Export Is To Open A Bank Account:


Open a Current account in the name of the Company from a reputed Bank .Current a/c is opened by people who are engaged in trades, businesses. Current account is a bank deposit that can be withdrawn by the depositor at any time,and he is at liberty to operate this account any number of times in a day unlike savings accounts, where only limited transactions are allowed. Current account bears no interest.


source: http://www.eximguide.com/

How to get permanent success in Exports

Three principles to be strictly followed in doing export business:

Quality of the Product.

Delivery Schedule in Time.

Tight Packing of the Material.

source: www.eximguide.com

IMPORTANT RULES FOR SETTING UP OF AN EXPORT BUSINESS:

1. Selecting a most suitable type of business organisation viz, Proprietorship,Partnership,others etc, 

2. Open a current account with a bank and Register with the Regional Licensing Authority to get IE Code No. and other Export Promotion Councils, ECGC, Sales Tax Authorities, Excise Authorities etc.,
3. Export business correspondence: 
4. Forwarding export samples and exhibits;
5. Negotiating with Prospective Buyers and entering into export Contracts directly, or if necessary, appoint overseas agents;
6. Understanding new Export Policy and Procedures;
7. Obtaining Credit limit for the Buyer/Buyers's country from E.C.G.C.
8. Obtaining finance for export;
9. Booking Forward Exchange contracts for avoiding Loss from Adverse Exchange Rate Fluctuations;
10.Ensuring Compliance with Quality Control and Preshipment Inspection of goods;


for further details: www.eximguide.com

Indian coffee exports goes down: 3.5 lacs tons

In last fiscal year 2011-12 (oct-sep),India's coffee export will be decreased to 3.49 lacs tons.American agricultural department said that indian exports are down by 1 percent (3.52 lacs tons)which is compared to the last fiscal year (2010-11).

According to coffee board statistics,60% of the total coffee production is exporting to other countries.Robusta coffee is the coffee variety which is most preferred by the world wide.European countries is the key player for our coffee.

Last 10 years,in India many multinational companies have started many coffee sales outlet which leads to increase of tea consumers especially youngsters.