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This document summarizes a summer training project conducted at Akbar Corporation Limited, an export-oriented handicraft manufacturing company in Moradabad, Uttar Pradesh. The objectives of the study were to understand export procedures in international markets and how Akbar Corporation exports to foreign markets. Key findings include that quality, design, and developing business in foreign markets day-to-day are important for increasing sales. Akbar Corporation is a green card holder firm promoted by the Government of India to encourage export-oriented units. The training provided insight into export procedures and international trade.

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A SUMMER TRAINNING PROJECT IN   
TOPIC OF THE STUDYEXPORT PROCEDURE IN INTERNATIONAL MARKET REFERENCE TO AKBAR CORPORATION LIMITED IN MORADABAD UPSUBMITTED TO: SUBMITTED BY:MRS ANUMEHA MAM MO.SHARIQ ( LIM) R.No.RT1902A25
OBJECTIVE OF THE STUDYWHAT PROCEDURE OF THE EXPORT IN INERNATIONAL MARKET IN AKBAR CRPORATION LIMITED.HOW TO EXPORT IN FOREIGN MARKET.
Manufacturing product of ACLCANDLE HOLDER
VASES
BOWLS
LAMPS SHADE
ANIMAL SHAPES
PHOTOFRAME
WROUGHT IRON FURNITURE
ALLUMINIUM FRUIT BOWL
ALLUMINIUM VASE
ARMOUR(HUMAN BODY SHAPES)
DECORATIVE ASSOCERIES OF BRASSIMAGES OF PRODUCTPRODUCTS-
MARKET AREA OF EXPORT PRODUCTHong Kong,
Korea,
Western Europe,
South America
Middle East
And worldwideIMPORT EXPORT CODE (IEC) ISSUED BY DGFTDGFT, which is headed by the Director General of Foreign Trade.The office of the DGFT is responsible for formulating and execution of Foreign Trade Policy, including licensing.DGFT is responsible for implementing the Foreign Trade Policy with the main objective of promoting exportsTo regulate and keep check on international trade, DGFT issue IEC. An IEC holder can only do the international trade, IEC Code is unique 10 digit code issued by DGFT
IEC Code No NotificationDGFT issued a Policy Circular No.15 (RE 2006)/2004-2009 Date: 27th July, 2006) for New System for issuance of IEC Number.An application for grant of IEC number shall be made by the Registered/Head Office of the applicant and apply to the nearest Regional Authority of DGFT, the Registered office in case of company.
LETTER OF PERMISSION (LOP)Letter of permission issued by the Development Commissioner of SEZ to the unit is itself a licenceEOU get detail of business which unit can undertake in LOP
LOP may also be used for the procurement of the items like furnace oil from authorized oil companies and cannot be directly imported by the export oriented units.
BOND 17THAll the Export Oriented Units in India need to conduct its operations under the supervision of the Customs and Central Excise Department.For this purpose, EOU has to sign a multipurpose bond with the jurisdictional Deputy Commissioner of Customs and Central Excise at the time of commencement of the unit.The bond is submitted in a prescribe format along with the copy of EOU project report and Letter Of Permission (LOP) to the Deputy Commissioner’s Office in the zone.

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Acl ppt

  • 1. A SUMMER TRAINNING PROJECT IN   
  • 2. TOPIC OF THE STUDYEXPORT PROCEDURE IN INTERNATIONAL MARKET REFERENCE TO AKBAR CORPORATION LIMITED IN MORADABAD UPSUBMITTED TO: SUBMITTED BY:MRS ANUMEHA MAM MO.SHARIQ ( LIM) R.No.RT1902A25
  • 3. OBJECTIVE OF THE STUDYWHAT PROCEDURE OF THE EXPORT IN INERNATIONAL MARKET IN AKBAR CRPORATION LIMITED.HOW TO EXPORT IN FOREIGN MARKET.
  • 4. Manufacturing product of ACLCANDLE HOLDER
  • 14. DECORATIVE ASSOCERIES OF BRASSIMAGES OF PRODUCTPRODUCTS-
  • 15. MARKET AREA OF EXPORT PRODUCTHong Kong,
  • 20. And worldwideIMPORT EXPORT CODE (IEC) ISSUED BY DGFTDGFT, which is headed by the Director General of Foreign Trade.The office of the DGFT is responsible for formulating and execution of Foreign Trade Policy, including licensing.DGFT is responsible for implementing the Foreign Trade Policy with the main objective of promoting exportsTo regulate and keep check on international trade, DGFT issue IEC. An IEC holder can only do the international trade, IEC Code is unique 10 digit code issued by DGFT
  • 21. IEC Code No NotificationDGFT issued a Policy Circular No.15 (RE 2006)/2004-2009 Date: 27th July, 2006) for New System for issuance of IEC Number.An application for grant of IEC number shall be made by the Registered/Head Office of the applicant and apply to the nearest Regional Authority of DGFT, the Registered office in case of company.
  • 22. LETTER OF PERMISSION (LOP)Letter of permission issued by the Development Commissioner of SEZ to the unit is itself a licenceEOU get detail of business which unit can undertake in LOP
  • 23. LOP may also be used for the procurement of the items like furnace oil from authorized oil companies and cannot be directly imported by the export oriented units.
  • 24. BOND 17THAll the Export Oriented Units in India need to conduct its operations under the supervision of the Customs and Central Excise Department.For this purpose, EOU has to sign a multipurpose bond with the jurisdictional Deputy Commissioner of Customs and Central Excise at the time of commencement of the unit.The bond is submitted in a prescribe format along with the copy of EOU project report and Letter Of Permission (LOP) to the Deputy Commissioner’s Office in the zone.
  • 25. HOW TO EXPORT IN INTERNATIONAL MARKETSELL EXPERIENCE
  • 29. TESTING PRODUCTS PRELIMINARIES FOR STARTING EXPORT BUSINESS-Selecting the markets Target markets should be selected after careful consideration of various factors like scope of exporter's selected product, demand stability, preferential treatment to products from developing countries, market penetration by competitive countries and products, distance of potential market, transport problems, language problems, tariff and non-tariff barriers, distribution infrastructure, size of demand in the market, expected life span of market and product requirements, sales and distribution channels.
  • 30. Selecting prospective Buyers Enquiries from friends and relatives or other acquaintances residing in foreign countries.Visiting/ participating in International Trade Fairs and Exhibitions in India and abroad.Contact with the Export Promotion Councils, Commodity Boards and other Government Agencies.
  • 31. Selecting channels of distribution Exports through Export Consortia.
  • 32. Export through Other Established Merchant Exporters or Export Houses, or Trading Houses, Canalising agency .Direct Exports
  • 33. Export through Overseas Sales Agencies Processing an Export order You should not be happy merely on receiving an export order.You should first acknowledge the export order, and then proceed to examine carefully in respect of items, specification, reshipments inspection, payment conditions, special packaging, labelling and marketing requirements, shipment and delivery date, marine insurance, documentation etc.If you are satisfied on these aspects, a formal confirmation should be sent to the buyer, otherwise clarification should be sought from the buyer before confirming the order.
  • 34. Entering into an Export contract Product, Standards and Specifications
  • 45. Remedies EXPORT PRICING AND COSTINGExport pricing should be differentiated from export costing.
  • 46. Price is what we offer to the customer. Cost is the price that we pay/incur for the product. Price includes our profit margin, cost includes only expenses we have incurred. Export pricing is the most important tool for promoting sales and facing international competition. The price has to be realistically worked out taking into consideration all export benefits and expenses. However, there is no fixed formula for successful export pricing.
  • 47. It will differ from exporter to exporter depending upon whether the exporter is a merchant exporter or a manufacturer exporter or exporting through a canalising agency.
  • 48. EXPORT ORIENTED UNIT STATUS OF THE COMPANYThe Export Oriented Units (EOUs) scheme, introduced in early 1981, is complementary to the SEZ scheme.It adopts the same production regime but offers a wide option in locations with reference to factors like source of raw materials, ports of export, , availability of technological skills, existence of an industrial base and the need for a larger area of land for the project.The main objectives of the EOU scheme is to increase exports, earn foreign exchange to the country, transfer of latest technologies ,stimulate direct foreign investment and to generate additional employment.
  • 49. EOU Unit ObligationsThe EOUs are required to achieve POSITIVE NFE (Net Foreign Exchange Earning). For example if unit import of Rs.100 it should export for Rs.101The EOUs are licensed to manufacture goods within the bonded time period for the purpose of export. The period of bonding is initially for five years, which is extendable to another five years by the Development Commissioner.
  • 50. COMPANY REGISTRATION WITH EXPORT PROMOTION COUNCIL OF INDIAAll the units which are engaged in export should be register with respective Export Promotion Councils. Likewise, Akbar Corporation Ltd., is registered with Export Promotion Council of Handicrafts (EPCH).  EPCH is work under Development Commissioner of Handicraft, Government of India.
  • 51. GREEN CARD HOLDER FIRMTo promote EOU, Government of India is issuing Green Card to all the EOU.The benefits of the Green Card is that EOU gets special treatment in all the government offices in which it requires permissions.
  • 52. FINDINGSQuality and design of the product are most important factors for increasing in sales.Day to day expand the business in foreign market.It is green card holder firm promoted by export oriented units and Gov’t of India.Company is working under the dynamic leadership of Mr. Akbar Qayyum, Chairman & Managing Director.
  • 53. CONCLUSIONAkbar Corporation limited is good position in this period and good running in the export sector. It makes many types of product like as totally handicraft product. No sell in India only export out of country. It is Handicraft product manufacturing company. Its export manager have lot of experience in export field. I got lot of knowledge about export procedure and how to manage in Organization