Brief of Indian Economy
Scope in gems and jewellery export import business
- Scope in gems and jewellery export import business
- Share of gems and jewellery export import in Indian economy
- 1991 economic reform (Liberalization)
- Gems and jewellery export by India and Imported by India
- India’s total export and Import in gems and jewellery sector
- India’s top export destination countries for gems and jewellery products
- Foreign trade policy and Hand book procedure (Wastage and Value Addition Norms)
- India’s Share in international trade (Yearly Export and Import data from India)
- Growth in international trade (Gems and jewellery Export and Import)
- Worldwide untapped potential market for Indian Gems and jewellery sector
Technical Terms in Export and Import
- HS code (by World custom organization)
- CHA (Custom house agent) – Role of CHA, Contact to CHA, Assistance from CHA
- IEC registration (Import Export code) – Step by step procedure practically
- Export Import company formation (Partnership or Proprietor) – Step by step procedure
- Diamond dollar account (DDA)
- Udyam registration
- RCMC registration with GJEPC (Registration cum membership certificate)
- Trade permission letter and ATA carnet (Merchandise passport for product)
- Re-Export trade
INCOTERMS 2020
Responsibity of Buyer and Seller during export-import business
- FOB, CFR, CIF (For gems and jewellery export import business)
Payment Terms
To do safe Export-Import
- 100 % Advance (Telegraphic Transfer)
- D/P or CAD
- D/A,
- LC (Letter of Credit), Cycle for receiving letter of credit
- ESCROW (Payment through gateway)
- Open credit
Types of Ports
Specific for Gems and Jewellery products
- Air Port (Cargo and E-commerce Handling-All over India)
Mode of Transportation
Worldwide
- Air carrier
Import Cycle
Gems and Precious metal
- Why import is necessary?
- Types of Importer
- Import opportunities in India
- Import Procedure of rough diamonds and precious metals (Gold, silver, platinum)
- Required Documents for Clearance
- Calculation of Import Duty (ICEGATE)
Export Cycle
(Pre-Shipment and Post Shipment Process
- Types of Exporter
- Issuing of necessary documents (IEC, RCMC, Company registration)
- Selection of product
- What to export?
- Important parameter in product selection
- Selection of market
- Where to export?
- Identification of right country to export your product
- Identifying buyers
- Generating inquiries
- Quotation, Sampling and Negotiation
- Proforma invoice or Sales contract
- Payment terms
- Production and packaging
- LUT or GST claiming process
- Custom clearance
- Logistic arrangement
- Claiming government benefits
EPCG Scheme
Export promotion of capital goods
- What is EPCG?
- Rules and obligation of scheme
- Benefits of scheme
Proforma Invoice or Sales Contract
Practical session
Terms for shipping quotation
- Cargo export import
- E-commerce export
Export Quotation
Practical session
Online shipping quotation
Practical session
Documents Movement in Export
Cargo and E-commerce
- Commercial Invoice (Exporter to Importer)
- Packing List (Exporter to Importer)
- Remittance copy (By bank)
- CHA Charges
- Logistic Charges
- USD Rates (to be taken from GJEPC Website)
- Gold Rate (must be taken from GJEPC Website)
- Custom KYC
- Goods with proper packaging
- Local transport arrangement
- Pre-shipment invoice
- Packing list
- Airway Bill (CHA to Exporter)
- Shipping bill (CHA to Exporter)
- Certificate of origin
- Insurance copy
- E-BRC (Bank realization certificate)
Exports Benefits
By Government of India
- What is IGST, CGST and SGST?
- 100% tax exemption on exported goods by
- LUT (Letter of undertaking) – Without payment of GST
- GSTR-1/1A (Table 6A) – Refund of GST after payment
- Export Incentives
- Duty remission scheme
- Duty drawback
- Duty exemption schemes
- Advance authorization (AA)
- Duty free import authorization (DFIA)
- Export promotion of capital goods (EPCG)
- Promotional measures
- Remission of duties and taxes on exported products (RoDTEP)
- Market development assistance (MDA)
- MoU (Memorandum of understanding) and FTA (Free trade agreement)
- Pre-shipment and Post Shipment Finance
- By bank
- By financial Institute
- By EXIM bank
Role of International & Indian Organization
Through Websites
- International Bodies
- International chamber of commerce (ICC)
- World trade organization (WTO)
- Inter country chamber of commerce
- Local chamber of commerce of targeted countries
- ITC trade map
- Indian Government Bodies
- Ministry of commerce (MOC)
- Export-Import statistics
- Federation of Indian chamber of commerce and industries (FICCI)
- Directorate general of foreign trade (DGFT)
- India trade portal
- Federation of Indian export organizations (FIEO)
- Export promotion councils (EPC)
- Gems and Jewellery Export Promotion Council
Buyer Finding
Practical Session
- International Market analysis by ITC trade map
- B2G (Government Websites like EPC, FIEO, Indian trade portal)
- B2B (Business to Business sites)
- World’s top B2B trade portals (For Diamonds)
- World’s top B2B trade portals (For Jewellery)
- Effective profile creation
- Lead management
- Country wise B2B websites
- Benefits to register with B2B platforms
- Worldwide jewellery trade associations
- B2C (E-commerce – Business to consumer Platforms)
- Global B2C platforms (Amazon, Ebay, Etsy etc.)
- Registration
- Selling
- ITC Trade map
- Foreign Government Websites
- To find out the list of importer and important lead
- Trade fair (10times.com) & Exhibitions
- Visitors list
- Exhibitors list
- Buyers list
- Company Website (Development assistance)
- Study of competitors website
- Keyword Planning
- Meta keywords, Meta description
- SEO base parameters
- Google my business
- Indexing of pages
- Social Media Marketing
- LinkedIn, Facebook, WhatsApp, Instagram etc.
- Social media Ad Marketing
- Effective profile creation
- Keywords to find buyers
- Group joining
- Group posting
- Paid marketing
- Digital Marketing
- Google Tactics
- IP Change
- Google Maps
- Google search with specific country language
- Country wise Yellow Pages
- To find out area wise vendors and importers
- Country wise Trade Directories
- To get data regarding county wise manufacturer, supplier and importer
- Intercountry Chamber of Commerce
- Trade Associations
- Buyer Seller Meet
- Indian Embassy
- List of Indian embassies abroad
- Mail format to get help regarding importer, Important government directories and websites
- Mail format to get help regarding trust worthiness of importer or exporter
- Trade Associations
- Trade Agents
- How to find trade agent in targeted country
- Advantages of trade agents
- Sharing with trade agents
Export Insurance
- Goods insurance (Air insurance)
- Credit insurance
- Types of insurance policies
- Process of claim and settlement
Foreign Exchange Risk Management
- Forward contract (hedging method)
- Exchange earners foreign currency account (EEFC)
- Debt recovery agencies
- ECGC (Export credit guarantee corporation of India)
Role of ECGC
Export credit guarantee corporation
- What is ECGC?
- Risk covered by ECGC
- Types of policy by ECGC
- Insurance claim process
- D&B ratings (Customer credit checking agencies)
Presentation of Product Internationally
- Brochure design
- Post design
- Content design
Effective Email Marketing
Email drafting, Email software
Effective Communication
International Calling
Genuinity of Buyer’s
Design Thinking Tree
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