Shubham Ltd. is a leading manufacturer of toys. His production capacity is higher than the demand of his toys in domestic market. So he is planning to export his toys to China. He has approached you to explain the export procedure. Give him step by step details of the procedure.
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1. Export Procedure The main steps involved in export procedure are
(i) Receipt of enquiry and sending quotations
(ii) Receipt of order or indent
(iii) Assessing importer’s credit guarantee for payment worthiness and securing
(iv) Obtaining export licence
Explanation:
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