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GROUP:-
Tarang Diwan - 08
Ankur Kasliwal - 19
Darshan Sanghvi - 36
Sagar Shah - 43
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ECONOMY
DEMOGRAPHY
GROWTH IN WINEMARKET
WINEEDUCATION
CONCLUSION
INTRODUCTION TO
EMERGING WINE MARKET IN INDIA
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MADE-IN-INDIA ITALIAN WINES
(VINTAGE WINES CO.)
Its vineyards at Niphad,Nashik are now home to grapevarieties Sangiovese, Nerodavola and Grillo brought from
Sicily region in Italy.
Cities like Pune, Bangaloreand Chandigarh are making tothe wine consumers' andmarketers' radars
The wine can also be exportedto other countries like U.S.A.,Europe, and Australia as pertheir demands.
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REGISTRATION STAGE
Deciding the nature ofbusiness
Opening bank a/c
Fixing credit limit Obtain fax facility
Registration with EPC
Obtaining membership
of chambers ofcommerce
Obtaining gir no.
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Obtaining code no.
from DGFT Obtaining sales tax
registration no.
Registration with
ECGC
Obtaining
membership of IIFT
and NPC
Registration with
FIEO
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SEARCHING FOR BUSINESS
OPPORTUNITIES
Making effectivebusinesscorrespondence
Selecting the markets
Selecting the prospectivebuyers
Selecting channels ofdistribution
Negotiating withprospective buyers
Processing an exportorder
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PRE-SHIPMENT STAGE
Receipt ofConformed
Order
Obtaining a Confirmed
Letter ofCredit Obtaining Export
License, if necessary
Obtaining Pre-Shipment
Finance Production/Procurement
of Goods
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PRE-SHIPMENT INSPECTION:
Application
Visit of inspector
Inspection and
Testing
Packing of Goods
Submitting Report to
EIA Issue of Inspection
Certificate
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SHIPMENT STAGE
Services of Clearingand Forwarding Agentsto Exports:
(1).Reservation of
Space in the Ship
(2) Arrangement ofInternal Transport fromFactory / warehouse tothe Port of Shipment:
(3) Preparation andProcessing of ShippingDocuments
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CUSTOMS CLEARANCE
Carting Order
Examination of
Goods
Loading of Goods
on Board the ship
Payment of Port
Dues Obtaining Bill of
Lading
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POST-SHIPMENT STAGE/REALIZATION
OF EXPORT PROCEEDS:
Submission of Documentsby the Agent of theExporter
Shipment Advice to Import
Presentation of Documentsto the Bank for Negotiation
Despatch of Documents
Documentary Bill ofExchange
Letter of Indemnity Realisation of Export
Proceeds
Processing of GR Form
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STEPS TAKEN IN THE EARLY
PROCEEDINGS OF IMPORTS
PRINCIPAL LAW
REGISTRATION WITH REGIONAL LICENSING
AUTHORITY
OBTAINING IEC CODE NUMBER
PROFILE OF THE EXPORTER/IMPORTER
IMPORT POLICY
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PROCEEDURE FOR GRANT OF
LICENSE
FEES FOR LICENSE APPLICATION
TERMS AND CONDITIONS
VALIDITY
REVALIDATION OF LICENSE
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CONDITIONS OF LICENSE
DISPOSAL PERIOD FOR IMPORT APPLICATION
IMPORTERS OWN IDENTITY CARD
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TYPES OF WINE IMPORTED
RIESLING
GEWURZTRAMINER
CHARDONNAY
SAUVIGNON BLANC
MUSCAT
ZINFANDEL
SYRAH
MERLOT
CABERNET SAUVIGNON
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FINALISATION OF IMPORTS
PROPER CHECK OF DOCUMENTS AND GOODS
MODE OF PRICING
COST AND FREIGHT
LETTER OF CREDIT
PARTIES TO LETTER OF CREDIT
Beneficiary
Issuing Bank
Confirming Bank
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PRECAUTIONS TO BE TAKEN AT
THE TIME OF ESTABLISHING
LETTER OF CREDIT
Letter of credit offers almost complete
protection to the seller but the buyer is put
to many disadvantages and has to make
payments against documents only. Beforeagreeing to open a letter of credit in favour of
the seller, the opener must be satisfied with
the creditworthiness and general reputation
of the seller.
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SCRUTINY OF DOCUMENT
This is a very important function and this
should be done with great care. After
receiving the document from the overseas
supplier's bank the importer's bank willscrutinise them to verify the extent of
correctness as per the terms of the L/C.
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CHECK FOR DOCUMENT
(RECEIVED UNDER L/C)
SCRUTINY:
General-check .
Documents had been presented before
the expiry date .
All the documents are dated subsequent
to the date of issue of the L/C .
Cancellation/overwriting in alldocuments are authenticated .
Bills ofExchange-check whether .
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CERTIFICATE OF ORIGIN
It is issued by the authority stipulated in
the L/C .
The description of goods agrees with
that in the invoice.
Checking other documents.
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MODE OF PAYMENT
Payments in retirement of bills drawn
underL/C as well as bills received from
abroad for collection against imports into
India, must be received by authoriseddealers, irrespective of amount, by debit
to the account of the importer with
themselves or by means of a crossedcheque drawn by him on his other
bankers.
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TIME LIMIT FOR IMPORT
REMITTANCE:
The remittance against imports should
be completed not later than 6 months
from the date of shipment. Accordingly,
deferred payment arrangementsinvolving payments beyond 6months are
not permissible without approval of
RBI/Gol.
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CUSTOMS CLEARANCE OF
IMPORTED GOODS
Customs Authorities and the Clearing
agents play the key role in the import of
goods. All goods imported into Indiahave to pass through the procedure of
Customs clearance as they cross Indian
border.
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