Module 1: Introduction to the Programme: Overall Coverage and Assessing Export Readiness.
Channel: GyaanShaala Education
Date: 2021-08-30

EXIM COURSE: https://www.youtube.com/playlist?list=PL8mmNg0gfaIZiykBYEfB34pOkxsc3IE5f



This session will cover the overall coverage and assessing export readiness like legal definition of exports, who can export, why to export;  Inner Qualities required for success in exports, overall understanding of the system for exports; basic steps in exports, how to assess export readiness, basic steps involved and export potential of States; Knowledge about State’s export potential; Foreign Trade Policy (2015-2020) – Major highlights, DGFT and export promotion --- Role of RA, EPCs and RCMC; Interface with Airports, Ports, ICDs, SEZs, ICE GATE; India’s emergence into FTA league; INCOTERMS 2010; Letter of Credit and implication of UCP: 600 rules, SPS, TBT, NTB; How to Access Markets ? How to find buyers? Sources of Data Analysis; Financial schemes; Understanding FEMA Guidelines; DGFT and Export Promotion; How to get IEC Code; Currency Risk Management; Commercial & Regulatory Documents; Duty Draw Back and claims procedures; Logistics Management for International Business; Implications of GST for India’s Foreign Trade; Risk Management; Preparation & Execution of Export Business Plan etc.

Exports are the goods and services produced in one country and purchased by residents of another country. It doesn't matter what the good or service is. It doesn't matter how it is sent. It can be shipped, sent by email, or carried in personal luggage on a plane. If it is produced domestically and sold to someone in a foreign country, it is an export. Exports are one component of international trade. The other component is imports. They are the goods and services bought by a country's residents that are produced in a foreign country. Combined, they make up a country's trade balance. When the country exports more than it imports, it has a trade surplus. When it imports more than it exports, it has a trade deficit.

In very simple terms, export may be defined as the selling of goods to a foreign country. However, As per Section2(e) of the India Foreign Trade (Development & Regulations) Act (1992), the term export may be defined as ‘an act of taking out of India any goods by land, sea or air and with proper transaction of money”.