India’s Foreign Trade i.e. Exports and Imports are regulated by Foreign Trade Policy notified by Central government in exercise of powers conferred by section 5 of foreign trade (Development and Regulation) Act 1992. Presently Foreign Trade Policy 2015-20 is effective from 1st April, 2015. As per FTD & R act, export is defined as an act of taking out of India any goods by land, sea or air and with proper transaction of money.

Export Steps

  • Establishing an Organization
  • Obtaining Importer-Exporter Code (IEC) Number
  • Registration cum membership certificate (RCMC)
  • Opening a Bank Account
  • Selection of product
  • Selection of Markets
  • Finding Buyers
  • Finding Suppliers
  • Sampling
  • Pricing/Costing
  • Negotiation with Buyers & Suppliers
  • Covering Risks through ECGC
  • Processing an Export Order
  • Documentation
  • Receiving Payments
  • Realization of Export Proceeds

Export Potential Products