How to Export to India?

May 8, 2019
Imports And Exports

Selectionof market for the product identified can be made in the following ways:

Approachthe Export Promotion Organisation concerned for advice on the market to beapproached of selected product. NormallyExport Promotion Organisations [ EPO's ] / Export Promotions Councils [EPC's] have this kind of information.
Makepreliminary study on the basis of information already available with EPC's /EPO's / Chambers / Trade Associations /National Council for Trade Information [ NCTI] etc. tofind out the correct and possible market.
Marketsurvey report for the product can be studied at the libraries of variousorganizations to know about the new market. Click on the following links : Frost Sullivan & Dun & Bradstreet (Please click here)
Having done theabove exercise a fairly good idea can be made about the market to beapproached.

For fixing export price, the followingelements should be taken into account.

Costof manufactured product.
Costof packing individually or in bulk.
Costof financing.
Costof Export Credit Guarantee Corporation of India Ltd [ECGC] cover
Costof expenses incurred on promoting / booking of order.
Costof documentation
Costof transport to the port including freight handling and other expenses.
Costof taxes, duties, Levy's etc. if any.
Profitmargin.

On total of all above the elements Freight on Board [FOB]export price will be reached. For Cost Insurance Freight [CIF] price cost offreight from the port of export to the port destination and the cost of insurancehas to be added in FOB.

Source: www.epch.in

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