IMPORT AND EXPORT

KEVIN BOBY
535
29TH A BATCH
 IMPORT

The term import is derived from the conceptual

meaning as to bring in the goods and services into
the port of the country. The buyer is called
importer
 EXPORT

This term export is derived from the conceptual meaning

as to ship the goods and services out of the port of a
country. The seller is known as exporter
BALANCE OF TRADE

 Balance of trade represents a difference in value for import

and export for a country.

 A trade deficit occurs when imports are large relative to

exports.

 Imports are impacted principally by a country's income and its

productive resources
 ADVANTAGES OF
IMPORT

REDUCE DEPENDENCE ON EXISTING MARKETS

E X P L O I T I N T E R N AT I O N A L T R A D E T E C H N O L O G Y
E X T E N D S A L E S P OT E N T I A L O F E X I S T I N G P R O D U C T S
M A I N TA I N C O S T C O M P E T I T I V E N E S S I N T H E M A R K E T
 DISADVANTAGES OF
IMPORT
I M P O R TAT I O N O F I T E M S F R O M OT H E R C O U N T R I E S C A N
INCREASE THE RISK OF GETTING THEM WHICH IS NO MORE
C O M M O N I N T H E WA R M W E AT H E R .
I T L E A D S TO E XC E S S I V E C O M P E T I T I O N
I T A L S O I N C R E A S E S R I S K S O F OT H E R D I S E A S E S F R O M W H I C H
THE COUNTRY IS EXPORTING THE GOODS.
 ADVANTAGES OF
EXPORT

E X P O R T I N G I S O N E WAY O F I N C R E A S I N G YO U R S A L E S P OT E N T I A L
INCREASING SALE& PROFITS
R E D U C I N G R I S K A N D B A L A N C I N G G R O W T H - S E L L E XC E S S
P R O D U C T I O N C A PA C I T Y.
GAIN NEW KNOWLEDGE AND EXPERIENCE
DISADVANTAGES OF
EXPORT
EXTRA COSTS
FINANCIAL RISK
EXPORT LICENSES AND DOCUMENT
M A R K E T I N F O R M AT I O N
 TYPES OF EXPORTS

PHYSICAL EXPORTS
If goods physically go out of the country

DEEMED EXPORTS
If goods and services are supplied to another entity
 TYPE OF IMPORTS

1. Industrial and consumer

goods

2. Intermediate
goods and services
 EXPORT IMPORT PROCESS
R E G I S T E R A S A N I M P O RT E R O R E X P O RT E R

N E G O T I AT E T E R M S O F S A L E

U N D E R S TA N D - E X P O RT F O R M A L I T I E S A N D
R E S P O N S I B I L I T Y T O WA R D S S A L E S P R O C E E D S

U N D E R S TA N D D O C U M E N TAT I O N A N D I N C O T E R M S

F O R E X P O RT, C O M P L E T E C U S T O M S F O R M A L I T I E S
A N D O B TA I N D O C U M E N T S

S U B M I T T O T H E B A N K F O R O N WA R D
TRANSMISSION TO BUYER

RECEIVE SALES PROCEEDS

CUSTOMS DUTY
'Customs duty is a kind of indirect tax which is
realized on goods of international trade. In
economic sense, it is also a kind of consumption
tax. Duties levied by the government in relation to
imported items is referred to as import duty. In
the same vein, duties realized on export
consignments is called export duty. Tariff, which is
actually a list of commodities along with the
leviable rate (amount) of Customs duty, is
popularly understood as Customs duty
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