2. Why Export?
Trade is based on
The Concept of Comparative Advantage
FrontalRain Technologies Pvt Ltd.
3. Principles of Export that India abides - WTO Agreement
Indian trades
according to
WTO
Agreement
Most favoured
nation
National treatment
Preferential treatment
to Developing
countries
Technical, Sanitary
and Phyto-sanitary
(SPS) standards
FrontalRain Technologies Pvt Ltd.
4. FrontalRain Technologies Pvt Ltd.
Benefits of Business Expansion Overseas
More Working Capital
Time
Commitment
Lower
Market Risks
Increase in
Market Share
Multinational
ReachEarn More
5. Merchant Exporter
Manufacturer
Exporter
Service Exporter
Raw materials
Value
Addition
Finished products
from
Multiple Vendors
Exports Software,
Healthcare, Consultancy
or Hospitality services
Packaged
finished goods
Types of Exporters
Shipping
FrontalRain Technologies Pvt Ltd.
6. Proprietary firm
– Individual runs business
Partnership firm – At least
2 Individuals run business
Public company
– At least 7 members
Private company
– Minimum 2 individuals
Establishing a Business Entity
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
Limited
Liability
FrontalRain Technologies Pvt Ltd.
Starting an Export firm
Becoming an Exporter