MODULE - 6

DOCUMENTATION AND
EMERGING MARKET
Dr. Jerry John
Assistant Professor
KCM
• Export
• An export in international trade is a good or service produced in one country that is
bought by someone in another country. The seller of such goods and services is
an exporter; the foreign buyer is an importer.
• Exporting
• Many manufacturing firms began their global expansion as exporters and only later
switched to another mode for serving a foreign market. Exporting refers to sending
of goods and services from the home country to foreign country.
• Export License
• The import and export control act of 1947 empowers the central government to
prohibit, restrict, or control export and export of import.
• All exporters required a license for import of commodities.
• a license is an authorization letter from the government permitting an exporter to
trade with other countries.
• Excise Clearance
• The government has granted excise duty exemption for export products.
• Duty paid for the goods