Management students of IB specialization from PGDM and MBA along with Prof. Shikha Aggarwal attended a online webinar on the topic “Overview of Export Documentation & Procedures” organized by EEPC INDIA in collaboration with YES Bank on October 27, 2020.

 

Month Of Events: 
oct
Date Of Events: 
27
Year Of Events: 
2020
Image Of Events: 
Full Date Of Event: 
Tuesday, October 27, 2020
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The eminent speakers in the session included Mr. Gaurav Arora, Cluster Business Leader, Senior Vice President at YES BANK; Mr. Amit Kumar Mishra, Executive VP & Regional Business Leader; Mr. Pradeep Kumar Aggarwal, Dy. Regional Chairman (NR), EEPC India & Mr. Mihir A. Shah, ICC Incoterms 2020 Registered Trainer in India and Advisor & Consultant in International Business & GST.

A number of documents accompany every shipment. These documents must be properly and correctly filled. An appropriate and correct documentation plays a vital role in growth of exports. Highlighting the importance of export import documentation and procedures the speakers discussed crucial including Documentation under GST for Exports, Meaning & Significance of Zero-Rated Supply, Packing List,Bills of Lading, Tax Invoice (sample with essential components), Terms of Payment, Incoterms 2020, Certificate of Origin (sample with essential components), Certificates & Additional Documents in Exports, Checklist for Export Shipping Bill, e-Shipping Bill (sample with essential components), and e-BRC. EXIM procedures are crucial to comprehend because it facilitates the smooth flow of goods and payments thereof across national frontiers. Failure to produce such documentation can hinder the dispatch of products by a manufacturer or supplier, and can ultimately impede the timely receipt of goods by the customer.

The main learning outcome of this very insightful webinar is understanding the importance of export documents in foreign trade. Other pointers include –

·       Export documents required differ from country to country

·       It is advisable for exporter to take the help of shipping and forwarding agents in filling out the documents correctly as well as arrange for transportation. But every exporter should have an adequate knowledge about export documents and procedures.

·       It is also imperative for exporters to bust the various myths related to doing international business

The session was attended by 200+ actively interacting participants from across the nation. It garnered immense enthusiasm from all, followed by an extensive Q&A round where the speaker judiciously cleared numerous doubts, thus making it a huge success.