How to Import as per New Foreign Trade Policy and Procedures 2015-20 and RBI Guidelines for Imports 2018-19

The book begins with a symposium chapter Practical Illustrations on Import for Personal Use and for Trade which contains stories of two persons one of whom imported a medical device for his personal use and the other a trade consignment. It explains the readers what steps should be taken for import and how to tackle the problems faces in entire process of import. The book has been written in a simple and laymans language, logically explaining step by step various aspects relating to imports by individuals and institutions for personal as well as commercial purposes. The chapters on Preliminaries for Starting Import Business, Registration of Importers, Understanding Government Policy and Procedures will enable the prospective importers to make a confident beginning in the field of import. The chapters on Arranging Finance for Imports, Opening Letter of Credit, Retirement of Documents and RBI Regulations for Import of Goods will be great practical help to the importers. These chapters have been thoroughly updated based on latest RBI guidelines. Special Schemes for Imports under Export Promotion Captial Goods Scheme, Duty Exemption Remission Scheme, Schemes for Export of Gold, Silver, Platinum Jewellery and Articles, Exports from India Schemes Which Include Merchandise Exports from India Scheme and Services Exports from India Scheme, Status Holders, 100 percent EOU and SEZ units have also been incorporated, with latest provisions as per Foreign Trade Policy 2015-20 etc.