Export Procedure & Formalities
Export Procedure & Formalities Export Trends Motivational Package Offered by Govt. to the Exporter
Export Procedure & Formalities
Export Procedure, Issuance and Disposal of EXP Form, Negotiation of Export Bill, Collection of Export Bill, Handling of Discrepant Documents under Documentary Credit, Dispute Settlement, Exchange Rate used in Negotiation and Collection, Realization of Export Proceeds, Non realization of Export Proceeds within 4 Months, Export without LC. Export means outflow of Goods and/or Services produced in one Country, which purchase by Government, Firms and Individuals of other Countries. Registration of Exporter: The Imports and Exports trade is regulated by the Import & Exports Control Act 1950. There are number of formalities an exporter has to comply before and after execution of Export, some of are as under: The intending Exporter has to Register with CCI&E and obtain Export Registration certificate [ERC]. The ERC number is to be used in all places relating to Exports Procedure : To secure Export Order the Exporters may contact local Chamber of Commerce for potential Buyers, The Export Promotion Bureau [EPB], Bangladesh Mission abroad and by direct contact with Foreign Buyer through correspondences [Letter/Fax/Email etc]. Receiving Letter of Credit/Contract : After making contact with Foreign Buyers and reaching on agreed Price, Term and Conditions, the Exporters receive Letter of Credit/Contract. Procurement and Shipment of Goods : After receipt of LC/Contract the Exporter has to procure or Manufacture the contracted Goods and Ship the same Preparation and Procurement of Export Documents :
Export Procedure & Formalities
Export Procedure, Issuance and Disposal of EXP Form, Negotiation of Export Bill, Collection of Export Bill, Handling of Discrepant Documents under Documentary Credit, Dispute Settlement, Exchange Rate used in Negotiation and Collection, Realization of Export Proceeds, Non realization of Export Proceeds within 4 Months, Export without LC. Export means outflow of Goods and/or Services produced in one Country, which purchase by Government, Firms and Individuals of other Countries. Registration of Exporter: The Imports and Exports trade is regulated by the Import & Exports Control Act 1950. There are number of formalities an exporter has to comply before and after execution of Export, some of are as under: The intending Exporter has to Register with CCI&E and obtain Export Registration certificate [ERC]. The ERC number is to be used in all places relating to Exports Procedure : To secure Export Order the Exporters may contact local Chamber of Commerce for potential Buyers, The Export Promotion Bureau [EPB], Bangladesh Mission abroad and by direct contact with Foreign Buyer through correspondences [Letter/Fax/Email etc]. Receiving Letter of Credit/Contract : After making contact with Foreign Buyers and reaching on agreed Price, Term and Conditions, the Exporters receive Letter of Credit/Contract. Procurement and Shipment of Goods : After receipt of LC/Contract the Exporter has to procure or Manufacture the contracted Goods and Ship the same Preparation and Procurement of Export Documents :