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Export refers to selling of goods or services that is produced in a hometown to other destinations or country.
The word customs means, imposition of tax on import or export of goods.
Indian Customs Act, 1962 came into force on 01/02/1963 and its primary function is to collect taxes and secondary function is to control and implement certain prohibitions and restriction of certain goods and services according to the policy of the country.
IEC (importer Exporter Code) number is a 10 digit code number given to an exporter or importer by the regional office of the Director General of Foreign Trade (DGFT), Department of Commerce, Government of India.
Export marketing is the practice by which a company sells products or services to a foreign country.
A Customs House Agent (CHA) is licensed to act as an agent for transaction of any business relating to the entry or departure of conveyances or the import or export of goods at a customs station.
Import refers to buying of goods or services that is produced in a foreign country.
In India, for the export and import goods, duty is fixed by the Central government and duty is levied on the basis of Customs Tariff Act of 1975.
A Letter of Credit is a signed instrument and an undertaking by the banker of the buyer to pay the seller a certain sum of money on presentation of documents evidencing shipment of specified goods subject to compliance with the stipulated terms and conditions.
Incoterms are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts
Supply chain consists of the whole process involved in a product cycle, for example collecting the cargo from where it is processed to delivering the product to the customer.
The forwarder acts on behalf of consigner in selection of routes, preparation of documents, co ordination of shipment, packaging, weighment, marking, distribution services, insurance, letter of credit, inspections and other required services.

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