ENTREPRENEURSHIP

DEVELOPMENT TRAINING
PROGRAM
 SELECTION OF PRODUCT
The criteria for selection of products is depend upon the exporters but there are many factors which may be consider
while selecting the product for export:-
• Organic Spices
• Value Added Spices
• Spices which are easily available to you and plenty in your area or nearest.
• Spices with health benefits
• Spices from hilly places like NE (Lakdong Turmeric)
• Top Export Spices from India
• Find out the export potential for a particular Spices in a particular country on trademap.

Note:
• You should select at least 2-3 suppliers for a your product.
• At the starting, don’t go for more than 1-3 products.
 SOURCE OF INFORMATION

• Ministry of commerce & Industry - https://commerce.gov.in/

• Dashboard of Ministry of commerce - https://dashboard.commerce.gov.in/commercedashboard.aspx
• DGFT - https://www.dgft.gov.in/CP/
• Spices Board official website - http://indianspices.com/
• International trade center / Trade map - https://www.trademap.org/Index.aspx
• Websites of Indian mission abroad
• 10times for getting the information regarding the exhibitions/tradeshows -
https://10times.com/tradeshows
 CONCEPT OF PRICING
 Pricing Decision are complex in international marketing. A Firm may have to follow
different pricing strategy for different market.

 It is important for the marketer to keep prices competitive, considering the associate cost &
benefits.

 All the factors such as quality, cost, competition, demand etc. before arriving at the final
price should be consider.
FACTOR AFFECTING PRICING DECISION

Competition

Brand Image Demand

Different
Factors

Frequency of Cost of the

Purchase product

Export
Incentives
 PROMOTION – SEARCHING FOREIGN CUSTOMER

• Social Media Pages Including LinkedIn, Facebook, Instagram, You tube, Twitter, Blogs – Free/Paid
• International trade center / Trade map – Free (https://www.trademap.org/)
• Indian Embassy Abroad & Foreign Embassies in India - Free
• Custom Data (Seair, infodrive, importgenius and many more) – Paid
• Selling to Direct Consumer Through International Market Place Such As Amazon.com - Paid
• B2B Trade Websites (Go4worldbusiness.Com, Importers.com, Trade India And Many More) – Paid/Free
• Commission agents – Commission basis
• https://spicexchangeindia.com - Paid
• International & Domestic Exhibitions (Virtual or physical) – Paid
• Own website – Free/Paid
• Domestic & International Exhibition Directory Available Online – Free/Paid
 REPORT ABOUT BUYERS CREDIT RATING

• Dun & Bradsheet

• Mira Inform
• Experian
• bvdinfo.com
• fcibglobal.com
• equifax
 Export Documentation
Name of the Documents Function
Spices Board Registration certificate Required for exporting any Spices from India.
Commercial Invoice The detailed invoice containing all the
information related to the shipment.
Packing List A list with detailed packing information of the
goods shipped.
Bill of lading
Health Certificate A document issued by the governmental
organizations at the countries of origin, to certify
that a food shipment is fit for human
consumption, and meets safety standards or other
required legislation for exporting.
Issued by / Prepared by
Application will be submitted by the exporters
and certificate will be issued by Spices Board
India
Prepared by the Exporters.
Prepared by the Exporters.
Issued by Shipping Company
Application to be submitted by the Exporter
Spices Board issues the health certificate for
Chilli & chilli Products and Nutmeg for EU.
Name of the Documents
Phytosanitary Certificate
Spices Board Lab Test Report
Marine Insurance Policy
Certificate of origin
Function Issued by / Prepared by
Phytosanitary certification is used to attest that DPPQS
consignments meet phytosanitary import requirements. Application to be submitted by exporter to
DPPQS online portal
A Test Report issued by Spices Board in case of Application will be submitted by the exporter
Mandatory lab test for export shipment. and
Test report will be Issued by Spices Board for
necessary custom clearance at the port of
shipment.
The need for export (or import) cargo insurance often By Exporter or Importer
differs from exporter to exporter (or importer to
importer) and from consignment to consignment. Unless Issued by Insurance company or agent or
the insurance is mandatory in a trade term, the exporter broker
or the importer may opt not to insure the goods at his/her
own risks.
CO is a document which is used to certify that the goods Export Inspection Agency for preferential
exported are wholly obtained, produced or manufactured certificate of origin
in India.
Registration Stage
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 REGISTRATION WITH SPICES BOARD

Types of Exporter Fee for New

Merchant Exporter Rs. 11800/-
(Rs. 10000+18% GST)
Manufacturer Rs. 17700/-
Exporter (Rs. 15000+18% GST)

 Theapplication for CRES has to be submitted only through online and there is no
need to submit the physical copy of documents.
 The exporter can submit the online application at DGFT portal.
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 Pre-shipment Procedure

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Shipment Procedure

• Online Intimation to Spices Board

about the shipment (If Lab Test is
Mandatory)

• Collection of Sample by Spices

Board Authorized agency

• Lab Test Report (If okay then prepare for

export)
• In case of South East Asian Countries, sample
drawn certificate can be obtain.
Shipment Procedure
• Arrangement of Internal
Transportation up to the Port of
shipment

• Filling of shipping bill &

preparation for Custom Clearance

• Reservation of shipping space -

(By CHA or exporter)
Shipment Procedure

• Loading of goods

• Obtaining the Mate receipt & then

Bill of lading - (By CHA or
exporter)

• Preparation and processing of

shipping documents by exporter
or CHA in custom
Post-Shipment Procedure

Submission of Documents by the C&F agent to Exporter

Shipment advise to Importer

Presentation of Documents to bank for negotiation

Receiving Export payment

THANK YOU