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Basic Export Course

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Basic Export Course

CERTIFICATE IN INTERNATIONAL TRADE (CIT)

Course Details: The basic course on Export-Import is of a 30 Hours course; which will give the working knowledge of International Trade for the beginners.

Who Shall attend this course?

  • Beginners in the International Trade, Working Professionals, Students


Course Curriculum:

  1. Export Orientation
  2. Export GIST
  3. ITC HS Codes
  4. Connotation of GST in Exports
  5. Role of Banks in International Trade
  6. Export Stages - Preliminary, Pre-shipment, Shipment, Post-shipment
  7. Export Pricing Strategy
  8. INCOTERMS 2020
  9. Documents in International Trade
  10. Export Payment Methodology
  11. Letter of Credit - LC
  12. Export Risk Management
  13. Regional Trade Agreements
  14. Export Finance - Pre-shipment
  15. Export Finance - Post-shipment
  16. Government Export Institutions
  17. Import Duty Structures
  18. Government Foreign Trade Policy
  19. Export Government Incentive Schemes
  20. Shipping and Logistics
  21. Success Mantra for Exports
  22. Finding Overseas Buyers from reliable platforms



Course Curriculum

ClassClass Title of the CourseTitle of the Course Content of the CourseContent of the Course
1 EXPORT ORIENTATIONEXPORT ORIENTATION Export-led growth is an economic strategy used by some developing countries. This strategy seeks to find a niche in the world economy for a certain type of export. Industries producing this export may receive governmental subsidies and better access to the local markets. By implementing this strategy, countries hope to gain enough hard currency to import commodities manufactured more cheaply elsewhere.Export-led growth is an economic strategy used by some developing countries. This strategy seeks to find a niche in the world economy for a certain type of export. Industries producing this export may receive governmental subsidies and better access to the local markets. By implementing this strategy, countries hope to gain enough hard currency to import commodities manufactured more cheaply elsewhere.
2 EXPORT GISTEXPORT GIST Exports are incredibly important to modern economies because they offer people and firms many more markets for their goods. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties.Exports are incredibly important to modern economies because they offer people and firms many more markets for their goods. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties.
3 ITC HS CODESITC HS CODES While conducting international trade, the firms from various countries trade by using a common trade classification for the tradable products. This is important both from the industry perspective (e.g., checking the tariff rates applied by importers on the product from various partner countries) as well as for several key government functions (e.g., anti-dumping investigations, rules of origin compliance verification). The most commonly used code of product classification is known as Harmonized system (HS). The HS classification is used by firms for international business and World Custom Organization (WCO), World Trade Organization (WTO) and other multilateral and regional bodies in their negotiations and discussions as well. The advantage of using this classification system is that the traders from across the countries can assure themselves during the pre-business stage that the same product is being discussed.While conducting international trade, the firms from various countries trade by using a common trade classification for the tradable products. This is important both from the industry perspective (e.g., checking the tariff rates applied by importers on the product from various partner countries) as well as for several key government functions (e.g., anti-dumping investigations, rules of origin compliance verification). The most commonly used code of product classification is known as Harmonized system (HS). The HS classification is used by firms for international business and World Custom Organization (WCO), World Trade Organization (WTO) and other multilateral and regional bodies in their negotiations and discussions as well. The advantage of using this classification system is that the traders from across the countries can assure themselves during the pre-business stage that the same product is being discussed.
4 CONNOTATION OF GST IN EXPORTSCONNOTATION OF GST IN EXPORTS Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act. 'zero rated supply' i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage or at the final product stage.Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act. 'zero rated supply' i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage or at the final product stage.
5 ROLES OF BANK IN INTERNATIONAL TRADEROLES OF BANK IN INTERNATIONAL TRADE The role of banks in international trade is to provide financing products such as letters of credit to help diminish these risks and allow transactions to go smoothly for buyers and sellers worldwide.The role of banks in international trade is to provide financing products such as letters of credit to help diminish these risks and allow transactions to go smoothly for buyers and sellers worldwide.
6 EXPORT STAGES - PRELIMINARY / PRE-SHIPMENT / SHIPMENT / POST-SHIPMENTEXPORT STAGES - PRELIMINARY / PRE-SHIPMENT / SHIPMENT / POST-SHIPMENT Step by step procedures of the four stages of exports in the Preliminary, Pre- shipment, Shipment, Post-shipment stages.Step by step procedures of the four stages of exports in the Preliminary, Pre- shipment, Shipment, Post-shipment stages.
7 EXPORT PRICING STRATEGYEXPORT PRICING STRATEGY Pricing can be the most challenging due to different market forces and pricing structures around the world. What determines a successful export pricing strategy? The key elements include assessing your company’s foreign market objectives, product-related costs, market demand, and competition. Other factors to consider are transportation, taxes and duties, sales commissions, insurance, and financing.Pricing can be the most challenging due to different market forces and pricing structures around the world. What determines a successful export pricing strategy? The key elements include assessing your company’s foreign market objectives, product-related costs, market demand, and competition. Other factors to consider are transportation, taxes and duties, sales commissions, insurance, and financing.
8 INCOTERMS 2020INCOTERMS 2020 INCOTERMS 2020 formally defines the delivery point in the transaction where 'the risk of loss or damage to the goods passes from the seller to the buyer'.INCOTERMS 2020 formally defines the delivery point in the transaction where 'the risk of loss or damage to the goods passes from the seller to the buyer'.
9 DOCUMENTS IN INTERNATIONAL TRADEDOCUMENTS IN INTERNATIONAL TRADE To understand the role of trade documentation & procedure involved in international trade, Commercial and Regulatory documents used in business. Also to understand the various aspects of compliance and non-compliance in trade documents that may result in penalty or loss of incentives or benefits.To understand the role of trade documentation & procedure involved in international trade, Commercial and Regulatory documents used in business. Also to understand the various aspects of compliance and non-compliance in trade documents that may result in penalty or loss of incentives or benefits.
10 EXPORT PAYMENT METHODOLOGYEXPORT PAYMENT METHODOLOGY One of the most important considerations when it comes to international trade is how you are going to get paid for your exports. While relying on cash up front may eliminate the risk of non-payment, it limits your universe of potential customers as it can cause cash flow and other problems for buyers.One of the most important considerations when it comes to international trade is how you are going to get paid for your exports. While relying on cash up front may eliminate the risk of non-payment, it limits your universe of potential customers as it can cause cash flow and other problems for buyers.
11 LETTER OF CREDIT - LCLETTER OF CREDIT - LC A Letter of Credit (LC) is a document that guarantees the buyer's payment to the sellers. It is issued by a bank and ensures timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.A Letter of Credit (LC) is a document that guarantees the buyer's payment to the sellers. It is issued by a bank and ensures timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.
12 EXPORT RISK MANAGEMENTEXPORT RISK MANAGEMENT Like any business transaction, risk is also associated with goods to be exported in an overseas market. Export risk in international trade is quite different from risks involved in domestic trade. So, it becomes important to all the risks related to export in international trade with an extra measure and with a proper risk management.Like any business transaction, risk is also associated with goods to be exported in an overseas market. Export risk in international trade is quite different from risks involved in domestic trade. So, it becomes important to all the risks related to export in international trade with an extra measure and with a proper risk management.
13 REGIONAL TRADE AGREEMENTS (RTA)REGIONAL TRADE AGREEMENTS (RTA) Regional trading agreements refer to a treaty that is signed by two or more countries to encourage the free movement of goods and services across the borders of its members. The agreement comes with internal rules that member countries follow among themselves. When dealing with non-member countries, there are external rules in place that the members adhere to.Regional trading agreements refer to a treaty that is signed by two or more countries to encourage the free movement of goods and services across the borders of its members. The agreement comes with internal rules that member countries follow among themselves. When dealing with non-member countries, there are external rules in place that the members adhere to.
14 EXPORT FINACE - PRE SHIPMENTEXPORT FINACE - PRE SHIPMENT Pre-shipment Finance is a loan provided by a finance provider to a seller of goods and/or services for the sourcing, manufacture or conversion of raw materials or semi- finished goods into finished goods and/or services, which are then delivered to a buyer.Pre-shipment Finance is a loan provided by a finance provider to a seller of goods and/or services for the sourcing, manufacture or conversion of raw materials or semi- finished goods into finished goods and/or services, which are then delivered to a buyer.
15 EXPORT FINACE - POST SHIPMENT Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds
16 GOVERNMENT EXPORT INSTITUTIONS There are various government bodies that support export promotions under the guidance of DGFT. There are various Export Promotion Councils, Commodity Boards, Chamber of Commerce and so on.
17 IMPORT DUTY STRUCTURES Customs duty is a variant of Indirect Tax and is applicable on all goods imported and a few goods exported out of the country. Countries around the world levy customs duties on the import / export of goods as a means to raise revenue and/or shield domestic institutions from predatory or efficient competitors from other countries.
18 GOVERNMENT FOREIGN TRADE POLICY Customs duty is a variant of Indirect Tax and is applicable on all goods imported and a few goods exported out of the country. Countries around the world levy customs duties on the import / export of goods as a means to raise revenue and/or shield domestic institutions from predatory or efficient competitors from other countries.
19 GOVERNMENT EXPORT INCENTIVE SCHEMES Export incentives are economic assistance given by the Government of India to exporters like low-cost loans, tax exemptions, subsidies and government-financed advertisements, among others, it helps them reduce the overall export cost, thus helping them set competitive prices in the global market. All government incentives by countries must be in compliance with the World Trade Organization (WTO), which keeps a check on legal and ethical world trade practices.
20 SHIPPING AND LOGISTICS Shipping is the physical movement of your goods from one destination to another (e. g., from a warehouse to your customers) and one of many logistics processes. Logistics refers to the synchronized processes that manage how your products are acquired, stored, and transported to their final destinations
21 SUCCESS MANTRA FOR EXPORTS It is essential that you carry out adequate market research before approaching overseas customers. You should find out the consumption/import figures of products that are like yours and assess the economic growth of each market to see if it is worth approaching. It’s also a good idea to look at what competitors are doing in your chosen market so you can develop a strategy to differentiate yourself from the current offering.
22 FINDING OVERSEAS BUYERS THROUGH RELIABLE PLATFORMS You have options for finding the right foreign buyer or partner. Trade shows, trade missions, customized services, and eCommerce are possibilities.


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