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;


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