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The basic question that pops up to businesses when thinking of expansion is whether to enter export market or not. We’ve tried an answer here.
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Exporting from India Part I
Why Export? Trade is based on The Concept of Comparative Advantage FrontalRain Technologies Pvt Ltd.
Principles of Export that India abides - WTO Agreement FrontalRain Technologies Pvt Ltd.
Benefits of Business Expansion Overseas More Working Capital Lower Market Risks Time Increase in Market Share Commitment Multinational Reach Earn More FrontalRain Technologies Pvt Ltd.
Types of Exporters Packaged finished goods Finished products from Multiple Vendors Merchant Exporter Value Addition Shipping Raw materials Manufacturer Exporter Exports Software, Healthcare, Consultancy or Hospitality services Service Exporter FrontalRain Technologies Pvt Ltd.
Starting an Export firm Becoming an Exporter Establishing a Business Entity Proprietary firm – Individual runs business Logo & Website Partnership firm – At least 2 Individuals run business Registrar of companies –Registration Department of Income Tax – Obtain PAN Central Board of Excise and Customs – Registration Sales Tax Office – Registration Scheduled Bank – Open Current Account Directorate General of Foreign Trade – Obtain IE Code Public company – At least 7 members Private company – Minimum 2 individuals Limited Liability FrontalRain Technologies Pvt Ltd.
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