This book put forth a thoroughly “Export Import Procedures & Documentation” based on the Foreign Trade Policy 2009-2015. The book exclusively deals with the basic issues related to export- import trade and documentation. Attempts have been made to simply complicated procedures without diluting the contents of the policy declared by the Government. The book would serve the purpose of students pursuing career in export import management, as also all types of professional courses in commercial arena.
Starting an import business is a goal of more than thousands of merchants and business man. Like an export business, import business is also very profitable business, if an importer proceeds with the right strategies. However, the long term success and profitably of an import business greatly depends on the importer’s knowledge and understanding about the international market and foreign market analysis.
Today, importing goods from abroad has become a booming business, especially due to liberalization of imports and changing consumer profile in most of the developing countries. The rising middle income groups of consumers in India and their increasing levels on expenditure on various products have resulted in a faster rising demand of the Indian import business. Major imports of India include cereals, edible oils, machineries, fertilizers and petroleum products. India is also a bulk importer of edible oil, sugar, pulp and paper, newsprint, crude rubber and Iron and Steel.