Saturday 23 April 2011

Import - Documents Required

INVOICE AND PACKING LIST -- To be prepared by the Exporter Invoice means the rate by which the seller agreed to sell his goods to the buyer. The terms and conditions necessarily contain Price (Sea or Air Port) of the invoice along with Date of Shipment and Mode of payment. Further, invoice rate should necessarily contain the following terms

F.O.B.- Free on Board (Includes rate of the material,insurance and other charges connected in the process).
C & F - Cost and Freight (includes cost of the material and freight charges).
C.I.F.- Cost, Insurance and Freight (includes cost, insurance and freight charges).

PRICES TO BE QUOTED IN US DOLLAR/POUND STERLING/EURO/JAPAN YEN

Mode of payment with the Importer should cover the following:
Advance payment.
Letter of Credit (L/C).

Friday 15 April 2011

Technical And Management Interview

Greetings from RTLx Groups!!

Urgent Job Openings in Reputed Concern

1. PHP Developers (Senior & Junior position):

Graduates / Post Graduates

Min 2 - 5 years Experience in PHP / MySQL

Salary -- 96,000 to 2,40,000 p.a

Location: Madurai, chennai

2. Management Executive (B.D, HR, Accounts):

Any Graduates / MBA

Experience in Business Development or HR or Accounts

Salary - 1.44 lacs above p.a

Location: Madurai, chennai

We are also looking for System Admin, Database Admin, Project Manager

Interested Candidates can forward your CV to rtlx_jobs@yahoo.in

Refer Your Friends too

Contact:
------------ --------- --------- ---------
H.R. | RTLx Groups | 95977 66651 / 52

How to Import ?

Initially one has to select a name for his/her Company whether it is

Proprietor concern -- Single owner/Proprietor
Partnership concern - Two or more partners in a firm
Limited Company - Two categories viz., private Limited company or Public Limited company
Private limited company is owned privately by a small group of people such as a family. They are not allowed to offer shares (in the company) to the general public and can operate through just one director.

Public limited company is owned by public share holders and they are allowed to offer shares of the Company in the market.

Opening a Bank account:

Next step for Import is Opening a Bank account. Open a Current account in the name of the Company from a reputed Bank

Current Account can be Opened By:

Any resident Indians who are 18 or above in age
Individuals/Sole Proprietorships/Partnerships/Associations/Private and public companies/Societies/Trusts/HUFs, etc.
Clubs, Societies,Trusts and Others like Govt. and semi Govt. bodies, local authorities etc.
Bank requires minimum deposit of Rs.10,000 to Rs.50,000 for opening a current account and it varies from Bank to Bank Generally, nationalised banks require less Minimum Deposit.

Friday 8 April 2011

What is Import ?

An import is any good or service brought in from one country to another country in a legitimate way for use in trade. It means that import is to bring in the goods and services into the port of a country from another country. The buyer of such goods and services is known as an "importer" who is based in the country of import whereas the overseas seller is an exporter. Goods that is brought in from another country for sale are provided to domestic consumers by foreign producers is an import in the receiving country, it is an export to the sending country.

The same method of export has to be followed for import also. Both the parties viz, the buyer and the seller compulsorily be registered and should posses I.E.Code number and the same formalities to be followed for import also

A citizen or a company starting a business for International trade has to Register the Company with the Director of Foreign Trade under the Ministry of Foreign Trade, to obtain an IE Code number, then only one can export materials to other countries and import materials from other countries toIndia.

source: http://www.eximguide.com