How to export Lac, Gums, Resins and other Vegetable Saps and Extracts ?
This post explains export process of Lac, Gums, Resins and other Vegetable Saps and Extracts , government rules to export Lac, Gums, Resins and other Vegetable Saps and Extracts , different precautions to be taken care to export Lac, Gums, Resins and other Vegetable Saps and Extracts , export documentation to export Lac, Gums, Resins and other Vegetable Saps and Extracts .
Any importer or exporter of Lac, Gums, Resins, other Vegetable Saps or Extracts of these should know HTS code (HS code) of their export product. Lac, Gums, Resins and other Vegetable Saps and Extracts falls under HS code (HTS code) chapter 13 Click here to know 6 digit HS code of your export product .In India Lac, Gums, Resins and other Vegetable Saps and Extracts classified under ITC code (Indian Tariff Code) chapter 13 Click here to know 8 digit ITS code, if you export or import from (to) India.
If you would like to exportLac, Gums, Resins, other Vegetable Saps or Extracts of these , detailed general information on how to export has been mentioned in separate article. Learning export process for Lac, Gums, Resins and other Vegetable Saps and Extracts makes easier to you if you can go through the said post.
After choosing your export product as Lac, Gums, Resins ,Vegetable Saps or Extracts of these, export samples are sent, terms of payment and terms of delivery are agreed with your overseas buyer along with other terms and conditions and issue proforma invoice, in turn you receive export order for Lac, Gums, Resins and other Vegetable Saps and Extracts followed by purchase order from your overseas buyer. The terms of payment for your export contract could be advance payment, Documents against Acceptance DA, Documents against Payments DAP, or under Letter of Credit LC, and the terms of delivery for your export of Lac, Gums, Resins and other Vegetable Saps and Extracts might be EX-Works, FOB, CFR, CIF, DAP, DDP or any other Inco terms. The finance against export can be arranged from your bank for preshipment packing creditor post shipment finance against export orders for Lac, Gums, Resins and other Vegetable Saps and Extracts . Insurance can be arranged against credit risk and about other risks involved in export of Lac, Gums, Resins and other Vegetable Saps and Extracts . After quality check (QC), proper packing is arranged with Palletization or Crating if required. Type of container is decided if export shipment of Lac, Gums, Resins and other Vegetable Saps and Extracts is on FCL basis otherwise LCL if mode of shipment of Lac, Gums, Resins and other Vegetable Saps and Extracts is by sea. Export invoice, export packing list ,certificate of origin (GSP – Generalized System of Preference) and other documents are prepared based on the purchased order or LC to export Lac, Gums, Resins and other Vegetable Saps and Extracts . After completion of export customs clearance either by exporter or his Customs broker, Bill of Lading or AWB is issued by carrier, if consolidator involved, HAWB or HBL is issued. The documents for export of Lac, Gums, Resins and other Vegetable Saps and Extracts is discounted, arrange for collection or negotiated if export of Lac, Gums, Resins and other Vegetable Saps and Extracts is on Letter of Credit basis.
The above information is a part of Import Export online Training
Also read;
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How to import your product?
Click here to know HS code of your product
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The above post commonly answers the questions below. However, you may contact concerned authorities to collect accurate information on export of your product:
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