IMPEX Course
IMPEX Course Structure:
This course provides a comprehensive understanding of the intricacies of import-export operations, equipping participants with the knowledge and skills to navigate the global trade landscape effectively. We offer flexible batches: Weekdays (Mon-Wed) for 1.5 months, or Sundays for 3 months. Classes continue until students are satisfied with their knowledge.
Basics of import and export: Understanding the fundamental principles, regulations, and procedures involved in international trade.
Selection of products and countries: Techniques for identifying viable products for import/export and suitable target markets.
International marketing techniques: Strategies for promoting products effectively in global markets, considering cultural, economic, and legal factors.
INCOTERMS: Knowledge of International Commercial Terms governing the responsibilities of buyers and sellers in international transactions.
International payment terms: Understanding various methods of payment in international trade, including letters of credit, cash in advance, and open account.
Documentation: Comprehensive understanding of pre-shipment and post-shipment documentation requirements, including the intricacies of letters of credit.
Insurance and risk management: Importance of insuring shipments and managing risks associated with international trade.
Export incentives: Exploring government incentives and schemes to promote exports, such as export subsidies and tax benefits.
Customs clearance procedure: Understanding the procedures and documentation required for customs clearance at import and export ports.
Role of C.H.A in freight forwarding: Understanding the role of Custom House Agents (C.H.A) in facilitating smooth freight forwarding operations.
Pricing and freight calculation (practical): Practical techniques for calculating pricing and freight costs to ensure competitiveness in international markets.
IEC (Importer-Exporter Code): Importance and procedure for obtaining the Importer-Exporter Code required for engaging in import-export activities.
Role of ECGC: Understanding the role of Export Credit Guarantee Corporation in providing credit insurance to exporters and facilitating export finance.
Export finance: Exploring various financing options available to exporters, including export credits, bank guarantees, and factoring.
RBI Rules and Regulations: Knowledge of Reserve Bank of India regulations governing foreign exchange transactions and trade finance.
Case study: Analysis of real-world case studies to understand practical challenges and solutions in international trade.
Disputes in IMPEX: Understanding common disputes and resolution mechanisms in international trade, including arbitration and mediation.
Exim policy: Understanding government policies and regulations governing imports and exports, including tariffs, quotas, and trade agreements.