Articles

http://www.baraioverseas.com/about-.html

http://www.dgft.gov.in/ - Download & Read Latest FTP from DGFT Website. 

Download App from www.fieo.org or search for "Niryat Mitra" app 

FIEO could be considered as a one for the EPC's who provides an RCMC for multiple products 

you can read my article on RCMC on http://exportimport.guru/discussionforum/single/what-is-rcmc-do-we-need-to-register-for-rcmc-for-exporting-our-products

FIEO Niryat Mitra FREE utility mobile app 

Business Tools

1. ITC HS Search: Find the HS (harmonized system of nomenclature) Code with Description 

2. Get GST Rates for your products. In Exports, there is no GST on Exports but at the time of local purchase you might have to pay GST, so you will get to know how much refund you will avail on your product's purchase. 

3. Export Policy Finder: Sometimes only IEC Code are not enough to export your goods, you need to have some licence before exporting that product. If your products feel under FREE Categories then be happy only IEC code is enough. However, you must have GST to avoid GST on the local purchase. 

4. Export Benefit Finder: Get the value of Drawback on your products, make sure you will get Drawback maximum up to FOB Value only. Just imagine like Paytm case back, this you get on sales (Exports), the government will credit in your bank account. MEIS (Merchandise Exports from India Scheme) is also a benefit you will get maximum up to FOB value. Interest Subvention Scheme % is the % of interest government will pay if you take the loan for exporting your products via bank. 

Kindly read my article on shipment to get a better idea on it : http://exportimport.guru/article/single/buyers-always-ask-for-fob-cfr-cif-price-for-our-products

5. Import Policy Finder: Get the list of licence required to import your products, many times only IEC code is not enough. but if you find that your product import policy as FREE then be Happy  , Restricted then few licenses required, prohibited then it's not allowed to import.

6. Tariff / Preferential Tariff and rules of origin: Get the duties and taxes to be paid by your buyer in his country, sometimes there are FTA (Free trade agreements) which allows them to import products duty-free or by paying less duty if they import it from India. So for that Preferential Certificate of Origin has to be provided to those buyers so they can show as proof of Indian products import to their government to get concession on import duty. 

7. Indian Import Tariff Finder: Many times we get concession on paying import duty if we import particular products from a particular country, that could be known from Import Tariff Finder. For it Preferential COO must be acquired from suppler, else we may end up paying heavy duty on imports and would not get any benefits of FTA

8. Market Access Finder: We get the TBT (Technical Barriers to Trade) & Sanitary or Phytosanitary SPS measures of importing country so that we can get to know what level of quality parameters are required for our products so that we can source accordingly or can manufacture with proper lab test done. 

9. Exchange Rate: Generally buyers demand the rates in USD, so its easy to get forex rates for exports. 

10. Search & Send Trade Queries to Exporters: Get the list of exporters who are registered with FIEO for your products. 

11. Foreign Buyers can post a trade query 

12. Foreign Buyers can post a tender query 

13. Foreign buyers can post offers to sell to Indian companies 

14. Global Business Opportunities: Get buyers & sellers from FIEO app itself 

Human Resource 

Upload the resume for a JOB or Hire someone experienced on Export-Import Trade to help your company. 

Event Calendars 

Keep on learning about the trade via FIEO Domestic Events. Many FREE / Paid FIEO events you can enrol & book online. 

Publications 

FIEO News: Get the latest news on Export-Import Business. 

INTRADE Update: Get the latest magazine on latest trade research and analysis tool. 

Article and Reports for startup and to become a successful exporter or importer.

Media & Press

Press Release & Social Media 

Gallery 

Photo Gallery 

Overall this app is so good for all exporters and importers of India. It has almost all functions of http://www.indiantradeportal.in/ only my small suggestion to Government is to also integrate https://www.icegate.gov.in/ so that they can also access functions of import duty calculator.  

Feel free to connect with me anytime for any help... always remember I am your export import consultant & will try my best to help you in each and every stage of Export-Import Business

Cordially yours,

Kishan Barai

Download Invoice Format for Microsoft Word.

Exim Packing list Format for Microsoft word.

Export or Import Contract is made under the letter pad of exporter or importer and is signed and stamped by both parties. Even the strongest contract has got no value if payment terms are kept unsafe like OPEN ACCOUNT, 100% TT against scan copy of BL, TT payment after receiving BL, Cash against documents directly send to the party via courier without a bank.

Getting an Edge in Trade. 

LC Application Terms, 

Basic Process Flow

1. Importer will provide his LC Application to his bank 

2. Importer money will be get blocked in his bank account. He can't withdraw the LC amount

3. The importer will forward that LC Draft to Exporter's bank 

4. Exporter then ships the goods and prepare documents for exports (Hear bank can provide exporter a fund because importer amount is blocked and exporter will get it soon as he submits his original documents to his bank)

5. Exporter submits his original documents to his bank as demanded by the importer

6. The exporter's bank will forward that LC to importers bank 

7. importer's bank will forward you the money. 

Once the LC is open, importer cant cancels the deal, if importer can't pay then his bank has to pay from his reserve funds, so banks always block the funds of importer before opening the LC for the importer. 

Please find the attachment of LC Specimen

(Note: First page printout on Rs.100 bond paper and other page on normal paper)

SUPPLIER AGREEMENT

This Supplier Agreement (the “Agreement”) is entered into as of this ____ day of June 2021 (the “Effective Date”)

BY AND BETWEEN

__________________, a company having its registered address at _____________________________ and PAN _____________, IEC _______________ and GSTIN _________________ (the “Merchant Exporter”)

AND

__________________, a company having its registered address at _____________________________ and PAN _____________, IEC _______________ and GSTIN _________________ (the “Supplier”). The Merchant Exporter and the Supplier are hereinafter collectively referred to as “Parties” and individually as a “Party”.

WHERAS:

1. Merchant Exporter deals in the export of goods;
2. Supplier deals manufacturing and supply of [define the business].
3. The Merchant Exporter desires to engage the Supplier for manufacturing and supply of goods on behalf of the Merchant Exporter and the Supplier is willing to provide the desired service to the Merchant Exporter at the consideration and terms as set out in this Agreement.

NOW, THEREFORE, in consideration of the promises and the other covenants and conditions contained herein, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties therefore agree as follows:

1. Contract Manufacturing Terms

1. Supplier will manufacture and supply the goods a required by the Merchant Exporter.
2. Raw materials like _________ will be supplied to the Supplier by the Merchant Exporter at the time of order conformation for processing.
3. Merchant Exporter will place an order with the Supplier through email or WhatsApp.
4. Supplier shall acknowledge the receipt of the order in writing via email or WhatsApp.
5. All orders placed has to be under the brand name of the Merchant Exporter.
6. Merchant Exporter has the approval of the Manufacturing Unit to use its Licence of the Supplier.
7. It is agreed that out of the 100% production capacity of the Supplier, 10% must be dedicated for the Merchant Exporter.

2. Payment Terms

1. Supplier agrees to provide goods against LUT at 0.1% GST to the Merchant Exporter.
2. Payment will be made 100% advance against LR copy.
3. Insurance, freight, clearance, and other costs at port shall be borne by the Supplier at actual rate against invoice of the clearing agent.
4. Supplier must show the transport bills to the Merchant Exporter.

3. Sample Product

It is agreed that Suppler will dispatch samples directly to the place of destination of the clients of the Merchant Exporter with details of the Merchant Exporter inscribed as the sender as if it was sent by the Merchant Exporter.

4. E-Commerce & Dropshipping Orders

The Merchant Exporter is registered as a seller in Amazon India marketplace and the place of procurement of goods would be directly factory / warehouse of the Supplier and the Supplier will deliver the order directly to the clients of the Merchant Exporter at the address provided by the Merchant Exporter.

Similarly, for dropshipping orders, Supplier will dispatch the goods at the address provided by the Merchant Exporter.

In all such orders directly delivered to the clients of the Merchant Exporter, the name of the Merchant Exporter must be inscribed as the sender as if it was couriered by the Merchant Exporter.

5. Packaging

It agreed that Supplier will do a live video call via WhatsApp with the Merchant Exporter while packing of goods for full 20ft or 40ft container stuffing. Supplier must do the video call from first step i.e. show everything from first block kept inside the container. If the Supplier fails to make the video call and directly dispatches the consignment, he will be liable for penalty.

6. Shipping and Delivery

Goods shall be dispatched within 24 hours of PO issued by Merchant Exporter for the destination FOR [Free on Road], at Port, except as otherwise agreed upon in writing to the following address as provided by the Supplier:

                      [Delivery Address]

7. Inspection

The Supplier shall provide Inspection Certificate as required by the Merchant Exporter. There are many pre-shipment inspection certificate like SGS, phytosanitary certificate, etc which has to be carried out by the Merchant Exporter. If the quality parameters does not fit as per the buyers requirement then the Supplier has to initiate refund or replacement and any delay charges like detention fees, etc in clearance and shipping has to be borne by the Supplier.

8. Defect

If Merchant Exporter makes a shipment and there is complaint and proof provided from the buyer about the product from the overseas buyer which does not fall in any insurance or shipping liability of carrier like product taste, product variety, or any such defect in the product, then it would be the responsibility of the Supplier to get those products replaced.

9. Confidentiality

The proprietary information provided by the Merchant Exporter like design of the products/goods and others are confidential and important for the business of the Merchant Exporter. Supplier shall never disclose such confidential information to any third party without the written consent of the Merchant Exporter.

10. Non-Circumvention

The details of the clients like their address and contact number are provided by the Merchant Exporter to the Supplier only for the purpose of delivery of the goods to the client’s destination. Supplier shall not contact the clients of the Merchant Exporter directly, even if clients contact the Supplier. They must report any such communication from clients to the Merchant Exporter. The Supplier shall not even circumvent the Merchant Exporter by setting up a new company and contacting the clients of the Merchant Exporter. Any such misconduct by the Supplier will attract a penalty to 1 crore as damages to the business of the Merchant Exporter.

11. Termination

This Agreement may be terminated by either party with 30 days written notice to the other party via email or WhatsApp.

12. Notices

1. All notices, billing and other communications relating to this Agreement provided from one party hereto to the other, shall be made in writing (email included) in English language unless otherwise agreed between the parties, and be sent via registered post with postage prepaid or email, or personal delivery, to the address first written above or any other address notified by the receiving party pursuant to this article.
2. All notices, billing and other communications stated in the preceding paragraph are deemed received upon receipt if personally delivered, upon confirmation of transmission if sent by email, and seven (7) days after receipt by the post office if sent by registered post.

13. Dispute Resolution

All disputes, controversies or differences in opinion which may arise between the parties hereto, out of, in relation to or in connection with this Agreement, shall be tried to be settled amicably. In case if the dispute is not settled amicably, it shall be tried and settled in the courts of ___________ only.

14. Force Majeure

Neither party hereto is liable for compensating the other party for any loss or damages it may incur due to any failure or delay in fulfilling the obligations under this Agreement as far as such failure or delay is caused by prohibition of export, refusal to issue export license, Act of God, war, blockade, embargoes, insurrection, mobilization or any other actions of Government authorities, riots, civil commotions, warlike conditions, strikes, lockout, shortage or control of power supply, plague or other epidemics or pandemic, quarantine, fire, flood, tidal waves, typhoon, hurricane, cyclone, earthquake, lightning, explosion, or any other causes beyond the control of Merchant Exporter or Force Majeure, as long as such cause is present.

15. Severability

Should any of the provisions hereof be held to be illegal, unenforceable or invalid or unenforceable by any court or other duly authorized organization, such illegality, unenforceability and invalidity shall not affect the legality, enforceability and validity of any of the remaining provisions hereof.

16. Governing Law

This Agreement shall conform to and be interpreted under the laws of ________ as to all matters including validity, interpretation and performance thereof.

17. Entire Agreement and Amendment

1. This Agreement supersedes all prior negotiations, written communications, understandings and agreements relating to the subject hereof between the parties hereto.
2. This Agreement may not be amended or altered in any way other than written agreement between duly authorized representatives of respective parties hereto after the execution date hereof.

IN WITNESS WHEREOF the Parties has duly executed this Agreement as of the Effective Date:

Download in Word File - https://drive.google.com/file/d/192SxEojUhkTLNDeANkBODXh5NZ1yvfRf/view?usp=sharing

SALES AGREEMENT

This Sales Agreement (the “Agreement”) is entered into as of this ___ day of December, 2021 (the “Effective Date”)

BY AND BETWEEN

[name of Exporter], a company having its registered address at [address] and bearing [GSTIN] (the “Exporter”, which expression shall be deemed to mean and include its heirs, successors, administrators and permitted assigns)

AND

[name of Importer], a company having its registered address at [address] (the “Importer”, which expression shall be deemed to mean and include his/her heirs, successors, administrators and assigns). The Exporter and the Importer are hereinafter collectively referred to as “Parties” and individually as a “Party”.

WHERAS:

1. Exporter deals manufacturing, supplying and exporting of [define the business];
2. Importer is engaged [define the business].
3. The Importer desires to import certain product(s) described below from the Exporter and the Exporter is willing to export the product(s) at the price and terms set in the Purchase Order with reference number_________

NOW, THEREFORE, in consideration of the promises and the other covenants and conditions contained herein, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties therefore agree as follows:

1. Purpose

1. Importer wants to purchase and Exporter agrees to sell [quantity] tons of [product(s)] (the "Product(s)"), at the following contract price and upon the terms and conditions hereinafter set forth.

Contract Price: ______ per ton @ USD ___ each

 Total Invoice Value =____ USD

2. The Contact Price shall be in _____ [Incoterm]
3. Importer agrees to and will sign and send back the NOC attached in Exhibit A attached hereto.

2. Payment Terms
   1. 100% Document Against Payment via Bank
   2. Importer shall sign the Bills of Exchange at bank and make payments.
3. Delivery and Documentation

Product(s) shall be dispatched from [Indian Port] to the destination designated by Importer (the "Destination") via ___________ within twenty-one (21) days following the date of purchase order (the "Delivery Deadline"), except as otherwise agreed upon in writing to the following address as provided by the Importer:

[Product Delivery Address]

Documentation Required by Importer from Exporter:

1.

2.

3.

4.

5.

6.

7.

Documents Dispatch Address of Importer’s Bank:

4. Product(s) Defect

1. Importer must take full container video along with Product(s) at the time of seal opening in the Destination.
2. If the Product(s) arrived in spoiled condition then the Importer must inform immediately to the Exporter via email and message with photo/video proof.

5. Termination

This Agreement shall be terminated without requiring either party hereto to notify the other without prejudice to any damage or legal redress that the injured party may be entitled to, in the event either party hereto substantially fails to comply with any of the provisions of this Agreement and fails to remedy the violation or breach within thirty (30) days after it has been notified in writing thereof and the other party incurs loss or damage resulting from such violation or breach and wishes to terminate this Agreement.

6. Liability

It is agreed that Exporter’s liability will be only till the loading ports in India and Exporter is required provide photos and quality inspection certificate to the Importer. If the consignment is lost or damaged in transit then Importer shall claim from the marine insurance company as per rules of ICC.

7. Notices

All notices, billing and other communications relating to this Agreement provided from one party hereto to the other, shall be made in writing (email included) in English language unless otherwise agreed between the parties, and be sent via registered post with postage prepaid or email, or personal delivery, to the address first written above or any other address notified by the receiving party pursuant to this article. All notices, billing and other communications stated in the preceding paragraph are deemed received upon receipt if personally delivered, upon confirmation of transmission if sent by email, and seven (7) days after receipt by the post office if sent by registered post.

8. Dispute Resolution

All disputes, controversies or differences in opinion which may arise between the parties hereto, out of, in relation to or in connection with this Agreement, shall be tried to be settled amicably. In case if the dispute is not settled amicably, it shall be tried and settled in the courts of Overseas Jurisdiction only.

9. Force Majeure

Neither party hereto is liable for compensating the other party for any loss or damages it may incur due to any failure or delay in fulfilling the obligations under this Agreement as far as such failure or delay is caused by prohibition of export, refusal to issue export license, Act of God, war, blockade, embargoes, insurrection, mobilization or any other actions of Government authorities, riots, civil commotions, warlike conditions, strikes, lockdown, shortage or control of power supply, plague or other epidemics or pandemic, quarantine, fire, flood, tidal waves, typhoon, hurricane, cyclone, earthquake, lightning, explosion, or any other causes beyond the control of Exporter or Force Majeure, as long as such cause is present.

10. Severability

Should any of the provisions hereof be held to be illegal, unenforceable or invalid or unenforceable by any court or other duly authorized organization, such illegality, unenforceability and invalidity shall not affect the legality, enforceability and validity of any of the remaining provisions hereof.

11. Governing Law

This Agreement shall conform to and be interpreted under the laws of Foreign Country as to all matters including validity, interpretation and performance thereof.

12. Limitation of Exporter’s Liability

Exporter’s liability would be only up to the port. Exporter shall not be liable to Importer for any special or consequential damages, including but not limited to, caused by the Exporter’s negligence, breach of contract, or any other cause whatsoever.

13. Late Payment

If Importer do not sign the bills of exchange / does not make payment then he has to pay with interest as per the LIBOUR (London interbank offered rate) to Exporter for delay

14. Entire Agreement and Amendment

1. This Agreement supersedes all prior negotiations, written communications, understandings and agreements relating to the subject hereof between the parties hereto.
2. This Agreement may not be amended or altered in any way other than written agreement between duly authorized representatives of respective parties hereto after the execution date hereof.

IN WITNESS WHEREOF the Parties has duly executed this Agreement as of the Effective Date:

EXHIBIT A

NO OBJECTION CERTIFICATE

We have placed an order ___________ (In Words) worth of [Product] with payment terms as follows 

____% advance TT against proforma invoice 

____% DP which is document against payment via bank 

We hereby issue NO OBJECTION CERTIFICATE that in that unlikely event of .........................(Name of Importer) is unable to pay or fail to clear the container in 2 days after the arrival at [Port] due to any reason whatsoever including force majeure situations Exporter is free of any liability, risk and cost and can do any one or all of the following 

     A. Take the goods back to India

     B. Sell the goods to another buyer

     C. Importer will forfeit the ___% advance which was transferred in advance 

     D. Any other act or action Exporter or his lawyer deems fit. 

Importer will not raise any claims in India or in any country against the exporter for such act. 

[Sign and stamp of Importer in the letter pad of importer send via email]

Download Word File Format - https://drive.google.com/file/d/11cFjCPkhy16gfY8tk0SKaI00qAIkc_5A/view?usp=sharing