RCMC for Silk Export Business

In almost all countries, a onetime licensing procedure to act as an Exporter / Importer is required to be completed. In India, IEC number (Import Export Code number) is required to act as an Importer or Exporter.
If you are an exporter, you would have already set up an Export company by following necessary government rules and regulations. By choosing your export product, you would have sent export samples to your international buyer if required and got approved. After necessary communication with your overseas buyer on terms of payment and terms of delivery, you arrange to issue Proforma Invoice, in turn you receive export order followed by purchase order from your overseas buyer. The terms of payment for your export contract could be advance payment, Documents against Acceptance DA, Documents against Payments DAP, or under Letter of Credit LC. If you as overseas seller require to cover credit risk against your overseas buyer, you can approach concerned authorities to cover insurance. In India, ECGC is the authorized agency who covers such credit risks for Indian exporters. Being an exporter, you will have an idea about other risks involved in export. The terms of delivery could be EX-Works, FOB, CFR, CIF, DAP, DDP or any other Inco terms. If you would like to arrange finance against export , you can approach your bank for pre-shipment or post shipment finance against export orders obtained by you. If any international quality check agencies like SGS, BVQI etc. are involved as per the terms and conditions between you and your overseas buyer, such inspection is arranged. After completing necessary quality check (QC) formalities, the goods for export are arranged for proper packing to meet export quality. Palletization or Crating is arranged for safety of cargo. If your export goods are shipped by sea mode of transport, you decide whether the export shipment is by LCL or FCL. Necessary information about shipping of LCL may be collected if sent as LCL. Type of container is decided based on your nature of export goods.Ok, now the shipment is ready for export. The documentation department prepares export invoice, export packing list etc. based on the purchased order or LC. Application for certificate of origin (GSP – Generalized System of Preference) and other required documents required for importer are also prepared. Necessary documents required for export customs clearance purpose are forwarded to Customs broker. The export process at customs completes either by customs broker or your representative directly. You as an exporter decide whether your export shipment is FCL or LCL. Pre shipment inspections like Phyto-sanitary, Fumigation etc. if required have to be completed before export of goods. RCMCFORSILKEXPORT EXPORT VS BHAGWATI SHIPPING PVTLD