Basics of Export and Export transactions

Module 1 - This module provides an introduction to Exports and various topics that would be discussed in detail throughout the course viz., regulatory framework, basic concepts relating to the new Foreign Trade Policy 2023, INCO Terms 2020, International Payment terms, regulatory guidelines connected to Exports, etc.

Module 2 - This module explains the Regulatory and Institutional Framework connected to Exports viz., the role of RBI, AD Cat I Banks, International Chambers of Commerce through various guidance documents.

Module 3 - This module helps in understanding the Foreign Trade Policy 2023 with specific understanding on obtaining the IEC Certificate, various lists of goods under FTP, registration with STPI, SEPC, etc., and e-FIRC, e-BRC, etc.

Module 4 - This module helps in understanding the categories of Exporters as defined under the policy.

Module 5 - This module explains the 11 INCO terms in International Trade along with the significance of all the 11 INCO terms in as far as the responsibilities of both the Exporter and the Overseas buyer is concerned.

Module 6 - This module talks about the International Payment Terms and the risks involved to both the Exporter and the Overseas Buyer while understanding the terms of payment.

Module 7 - This module narrates the process flow of exports under Advance remittances towards Exports including the exporter’s obligation in exporting the goods within the stipulated period, the AD Bank’s responsibility in knocking off the Export documents through the EDPMS, issuance of e-FIRCs, e-BRCs, etc. The procedural formalities & regulatory guidelines relating to Advance remittances towards Exports is discussed in this module.

Module 8 - This module narrates the process flow of exports under Open account i.e. Direct dispatch of Export documents including the exporter’s obligation in repatriating the export proceeds within the stipulated timelines, the AD Bank’s responsibility in knocking off the Export documents through the EDPMS, issuance of e-BRCs on realization of the Export bill, etc. The procedural formalities and regulatory guidelines relating to Direct dispatch of Export documents is discussed in this module.

Module 9 - This module narrates the process flow of exports under Documentary Collections i.e. Export bills under Collection including Delivery of documents against Payment (D/P basis) and Delivery of documents against Acceptance (D/A basis). The module also talks about the exporter’s obligation in repatriating the export proceeds within the stipulated timelines, the AD Bank’s responsibility in knocking off the Export documents through the EDPMS, issuance of e-BRCs on realization of the Export bill, etc. The procedural formalities and regulatory guidelines relating to Documentary collections are discussed in this module.

Module 10 - Other guidelines relating to Exports - Part I - This module talks about guidelines relating to realization of Export bills through Foreign currency notes, concept of EEFC accounts, regulatory guidelines relating to reduction in invoice value, extension of export bills by the AD Cat I Bank, etc.

Module 11 - Other guidelines relating to Exports - Part II - This module explains the procedural guidelines relating to Write-off of Export bills (self-write off as well as AD Bank write-off), set off of Export bills, net off of Export bills, third party exports, etc.

Module 12 - This module relates to Export Finance, both pre-shipment finance and the post-shipment finance. The module also explains the procedural formalities for availing Pre/Post shipment finance, regulatory guidelines connected to Export Finance, the understanding of Interest Equalization Scheme of the Government of India and the risks covered by ECGC towards Exports.

Module 13 - This module summarizes the overall modules and the importance of each of the modules covered under Exports.