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ASSIGNMENT ON EXPORT AND IMPORT PROCEDURES OF FLYING KING EXPORTS AND IMPORTS COMPANY

SUBMITTED BY SUBMITTED TO
MARYANN RAPHAEL PROF.SHEEBA
2ND YR PGDBM
2K11032
Flying King Exports and Imports Company

ABOUT COMPANY
Flying King Exports and Imports Company was incorporated by Abdul Samad B which is located in Kollam, Kerala and from then onwards a never ending journey started to reach, satisfy and keep long lasting relationship with old as well as new clients. This is not just for business purpose but also to gain confidence in the clients. Client satisfaction and confidence gives them self-motivation, to keep on improving and performing better and better, which …show more content…

However, products that have an ISI Certification Mark (External website that opens in a new window) or Agmark (External website that opens in a new window) do not need to be inspected by any agency. All goods have been labeled, packaged, packed and marked before export addition and re-exportation.
Import Procedure
Imports to India are governed by the foreign trade (development and regulation) act 1992 (external website that opens in a new window). Under this act, imports of all goods are free except for the items regulated by the policy or any other law in force. The present, foreign trade arrangements for different commodities are stated in the Exim policy of 2004-2009 (external website that opens in a new window). This policy is announced once every five years with annual supplements coming out every year. It is also known as the foreign trade policy or export import policy. Items on the 'prohibited ' list like tallow, fat or oils of any animal origin, animal rennet and wild animals including their parts and products and ivory cannot be imported. For import of items that appear in the 'restricted ' list you need secure an import license. Imports of items that are enumerated in the canalized list of items are permitted to be imported through

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