Dear Shree Chanana

To start export business or activity you need following pre-requisites.

Q 1)&2)
a) You have to be a registered firm , may it be Proprietary or partnership or Pvt Ltd
b) You have to apply to DGFT for getting IEC code. Along with Fees of Rs 1000 , two Passport sized Colour photo and other documents as prescribed in application form. You may download the same from website www.dgft.gov.in
c)Suggested to get RCMC from relevant EPC
d) You shall have a bank account preferably with Nationalised or Private Bank with Authorised Code for dealing in Foreign Exchange

Q 3) CIF is "COST INSURANCE & FREIGHT" its an INCO Term widely used in international trade. INCO terms fixes the cost , risk and responsibilities of buyer and sellers and are drafted by ICC (International Chamber of Commerce).
In CIF defines all the cost of goods and costs for delievering the goods at named destination are to be borne by the Seller. For e.g. CIF means you as an exporter have to bear cost of goods + Transportation upto Gateway POrt , say JNPT + POrt Charges known as Terminal HAndling Charges + Customs Clearance + Freight upto COlombo + Marine Insurance of Cargo. Also any other incidental charges , Taxes , Storage charges or Demurrage charges etc incurred are to your account.

Hope above clarifies most of your queries.

Regards
Vivek Mulay
Pune

Mr Vivek Mulay

Alpha Logistics

Proprietor, Alpha Logistics
Pune, India

Free Member, Joined :09/06/2001
No of Topics Posted : 0
Reply/Comments : 2

Hi All, I keep hearing that certain countries for example in the African continent are safe for trade. Plz tell me the country you think is safe to deal with...as are there countries with whom less risk is involved?

Mr. Sumit Chanana

SUMIT SALES CORPORATION

Partner, SUMIT SALES CORPORATION
Faridabad, India

Free Member, Joined :04/26/2007
No of Topics Posted : 1
Reply/Comments : 2