What You Will Learn in This 3-Hour Class
In this power-packed session, we will cover the end-to-end flow of Export & Import:
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Basics of Export & Import
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What is Export? What is Import?
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How different departments like Customs, DGFT, RBI & GST are involved in every transaction
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Key Documents Used in International Trade
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Invoice, Packing List
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Shipping Bill / Bill of Entry
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Bill of Lading / Airway Bill
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Certificate of Origin, Insurance, Freight documents
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Other documents as per LC / customer requirements
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Mandatory Registrations & Compliance
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IEC (Import Export Code) – why it is compulsory & how it is used
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RCMC – Registration-Cum-Membership Certificate and its benefits for exporters
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Customs in Exports & Imports
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Filing Shipping Bill (Export) & Bill of Entry (Import)
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Use of proper HSN codes
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Overview of Duty Drawback, IGST refund, RoDTEP, Duty benefits, Preferential trade agreements etc.
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GST Angle in Export & Import
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Export with payment of IGST vs under LUT
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Refunds, ITC & impact of notifications on exporters
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IGST credit on imports & concept of Deemed Exports
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RBI & Banking Compliances
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Realisation timelines of export & import payments
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Basics of EDPMS & IDPMS – how exports & imports are monitored by RBI through banks
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Payments & Incentives
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LC (Letter of Credit), TT payments – basic working structure
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Export incentives like Duty Drawback, RoDTEP, Advance Licence, EPCG – overview only
Note: This is a foundation/basics class – perfect to understand the overall picture before you go deep into advanced schemes and procedures.