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A STUDY ON
EXPORTS & IMPORTS PROCEDURES
With reference to
GTN INDUSTRIES LTD., HYDERABAD
A project report S!"itte# in P$rti$% %fi%%"ent of
The Re'ire"ent for the A($r# of the De)ree of
MASTER O *USINESS ADMINISTRATION
O
AND+RA UNI,ERSITY
S!"itte# !-
, , SATIS+ MEDISETTI
.+/T/No/012345111067
Un#er the E8tee"e# 9i#$nce of
Mr/:/;/C+ANDU
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ADITYA INSTITUTE O P/9/STUDIES
DEPARTMENT O *USINESS MANA9EMENT
(Affiliated To Andhra University)
Ad!$y# N##r, ADB Ro#d, SURAMPALEM)*+++-, E.G.D2$.
P3o4e25 (/00*'*+,**/, &e""56077*-777
CERTIICATE
T3!2 !2 $o &er$!y $3#$ $3e pro8e&$ e4$!$"ed 9EXPORTS AND IMPORTS PROCEDURES
:!$3 reere4&e $o 9TN INDUSTRIES ;TD/< AT +YDERA*AD!2 $3e bo4#!de :or; do4e by
Mr/ , , SATIS+ MEDISETTI :!$3 Red.4o5/0*1//6 d
ADMINISTRATION !4 Ad!$y# !42$!$
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DEC;ARATION
I 3ereby de&"#re $3#$ $3e pro8e&$ repor$ e4$!$"ed A STUDY ON EXPORTS AND
IMPORTS PROCEDURES :!$3 reere4&e $o 9TN INDUSTRIES ;TD/< +YDERA*AD
2
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AC:NOW;ED9EMENT
I 23o
I #= very =M#4#e=e4$ S$
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CONTENTS
C+APTER I P$)e no
INTRODUCTION
O*=ECTI,E O T+E STUDY
NEED OR T+E STUDY
MET+ODO;O9Y
;IMITATIONS
C+APTER II
INDUSTRY SCENARIO
C+APTER III
COMPANY PROI;E
C+APTER I,
T+EORETICA; RAME WOR:
C+APTER ,
SUMMARY
INDIN9S
SU99ESTIONS
CONC;USION
*I*;IO9RAP+Y
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CHAPTER -I
INTRODUTION
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INTRODUCTION
T3e $e?$!"e !4d
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O*=ECTI,ES O T+E STUDY
To !de4$!y #4d ev#"
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MET+ODO;O9Y
T3e 2$
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;IMITATIONS
1. T3e per!od o $3e 2$
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CHAPTER - II
INDUSTRIAL
SCENARIO
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INDUSTRIA; ANA;YSIS
INTRODUCTION
I4d!# 3#2 # =!22!o4 $o p$
A&&ord!4 $o 2$#$!2$!&2, $3e "ob#" $e?$!"e=#r;e$ po22e22e2 # :or$3 o =ore $3#4
// b!""!o42 pre2e4$"y. I4 # =ore "ob#"!e e4v!ro4=e4$, $3e !4d
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INDIAN TEXTI;E SCENARIO
Te?$!"e &o42$!$
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,i8ion In#i$ 0153 for Te?ti%e8
Te?$!"e e&o4o=y $o ro: $o 6/ b4. by /1*.
Cre#$!o4 o 1* =!""!o4 4e: 8ob2 !4 Te?$!"e Se&$or.
To !4&re#2e I4d!#@2 23#re !4 :or"d $r#de $o 0 by /1*.
A&3!eve e?por$ v#"
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COST COMPETITI,E ANA;YSIS O INDIAN TEXTI;E INDUSTRY
For $3e "#bor !4$e42!ve $e?$!"e prod
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T3e bre#;do:4 o &o2$ 2$r#r#=!d, "#22 !ber e$&. A2 =o2$ o $3e r#: =#$er!#"
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A"2o =#8or So
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TRANSACTION COST
T3e $r#42#&$!o4 &o2$2 o e?por$2 ro= I4d!# #re 3!3er !4 I4d!# #2 &o=p#red $o o$3er
&o
"e22 &o=pe$!$!ve.
CAPITAL COSTS
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M#8or!$y o =#&3!4ery re>
do=e2$!& de=#4d "e#d2 $o "o:er e&o4o=!e2 o 2"e :3!&3 "e#d2 $o 3!3er per
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!42
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CHAPTER- III
CO!PAN$
PRO3ILE
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9TN INDUSTRIES ;TD/ A PROI;E
GTN I4d
e?per!e4&e #4d >
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=#r;e$2, :!$3 # =#8or 23#re !4 &o
#4d =er&er!!4
ro= ITOCHU Corpor#$!o4, #p#4 #4d SIDC, Tr!v#4dr3#2 &o$$o4 2p!44!4
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T3e pr!4&!p"e b
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$3e 4#=e o $3e Tr#42eror #4d Tr#42eree Co=p#4!e2 by re4#=!4 $3e Tr#42eree
Co=p#4y #2 GTN Te?$!"e2 L!=!$ed, #$er &o=p"e$!o4 o 2&3e=e o de=erer.
T3e Re!2$r#r o Co=p#4!e2)er#"# 3#2 !22
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A*SO;UTE RESPONSI*I;ITY O 9TN TEXTI;ES ;IMITED .9TN7
GTN Te?$!"e2 L!=!$ed (or=er"y GTN I4d
Me=or#4d
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T3!2
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O!&e
K*$.#t#
O!&e
P;ANT CAPACITY
9TN In#8trie8 E?i8tin) Spin#%e$)e tre C$p$cit-
E?p$n8ion
Tot$% Spin#%e$)e
Hyder#b#d *,/// 1,/// 77,///
N#p
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G#22ed F#br!&2 , Do
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Eyp$.
TIEUP WIT+ *AN:S
GTN !2 :or;!4 !4 $#4de= :!$3 $3e o""o:!4 b#4;2 or $3e p
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PROCUREMENT O RAW MATERIA;
T3e r#: =#$er!#" !2 &o$$o4 :3!&3 !2 pro&
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SACALA
PIMA
SUDAN
KG1B
KGB
KG+B
KGB
BUA;ITY PARAMETER
T3e pro&
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PAC:IN9
T3e p#&;!4 #4d C*nes
P#per Co4e2
P"#2$!& Co4e2
W**!en P#$$et
T3!2 &o42!2$2 o // &o4e2 #4d :e!32 #ro
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;O9ISTICS
S!4&e $3e &o=p#4y !2 !4$o b
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MAR:ETIN9 DI,ISION
S!4&e !$2 !4&ep$!o4 GTN !2 ;4o:4 br#4d 4#=e !4 I4d!# #2 :e"" #2 #bro#d d
o pro=o$!o42 #2 2ee4 or o$3er ood2. D
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&o
Re&e!p$ o >
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9TN COMPANY *A;ANCE S+EET
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CHAPTER 4I5
THEORETICAL
3RA!E WOR6
5/ RO;E O A9ENTS
GTN rr!e2 o
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$3e 2#"e o =#$er!#" $o o$3er &o2
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A9ENCY COMMISSION ON EXPORTS
A=o
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0/ EXPORT PROCEDURE
GTN I4d
!4$rod
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I 2#=p"e &o4or=2 $o $3e 4or=2 "#!d by $3e b
$3e pr!&e, >
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T3e LC ope4!4 b#4; :!"" ##!4 &3e&; $3e do&
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For= ARE)I(App"!$!o4 or re=ov#" o e?&!2#b"e ood2'
Se" de&"#r#$!o4 or=
I4vo!&e &
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O;;OWIN9 ARE T+E DOCUMENTS SU*MITTED TO *AN:
ATER S+IPMENT
B!""2 o e?&3#4e !4 d
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EXPORT DOCUMENTS
A4y e?por$ 23!p=e4$ !4vo"ved v#r!o&
I$ !2 #4 !=por$#4$ #4d b#2!& e?por$ do&
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N#=e #4d $3e 4
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T3e &er$!!$e !2 !22
e?por$ed #re or!!4#""y =#4
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60 Air+#' Bi$$
I$ !2 #"2o ""ed #4 #!r &o42!4=e4$ 4o$e :3!&3 !2 # re&e!p$ !22
$3e b#2!2 o #"" $r#de $r#42#&$!o42.
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/0 EXPORT RE9U;ATIONS
INTRODUCTION
E?por$ $r#de !2 re
v#"
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A per2o4 re2!de4$ !4 I4d!# =#y ope4 :!$3 AD C#$eory)I b#4; !4 I4d!#, #4 #&&o
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DISPATC+ O DOCUMENTS
AD C#$eory)I b#4;2 23o
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T3e d
$r#42erred $o # b
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4/ IMPORTS
T3e v#r!o
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A
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C+EC:;IST OR IMPORTERS OR ;C OPENIN9
I=por$er !4 I4d!# :3o ope42 &red!$2 !4 #vo
be !ve4.
T3e !=por$er 23o
I &o=p"!#4&e !2 $3ere $3e4 !22
do&
#4d &3#re2 ro= $3e !=por$er.
I4 e o 2o=e d!2&rep#4&y $3e !22
!=por$er :#!ve2 $3e d!2&rep#4&!e2 $3e4 re!=b
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4/5 IMPORT RE9U;ATIONS
INTRODUCTION
I=por$ $r#de !2 re
p#y=e4$2, e?&eed!4 USD *// or !$2 e>
#
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3e4 ore!4 e?&3#4e #&>
E?&3#4e Co4$ro" &opy o $3e B!"" o E4$ry, Po2$#" Appr#!2#" For= or C
$o:#rd2
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re=!$$#4&e2
o p!$#" ood2' ro= $3e d#$e o re=!$$#4&e #4d $3e !=por$er !ve2 #4
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I4 e o #"" !=por$2, :3ere v#"
C#$eory)I b#4; $3ro
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3/ ;ETTER O CREDIT TRANSACTION
T3ere #re $3ree =#8or p#r$2
1. Pre"!=!4#ry &o42!der#$!o42
. Ge4er#" pr!4&!p"e2
+. I22
&red!$ e?pre22"y reer2 $o
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App"!$ =
&er$!!$e #4d pre 23!p=e4$ !42pe&$!o4 &er$!!$e =
eve4$, $3e do&
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So=e e?pre22!o42 #re 4o$ de!4ed !4 $3e U4!or= C
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ORIGINALS AND COPIES: Do&
:o
M
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Ro#d or r#!" or !4"#4d :#$er:#y $r#42por$ do&
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P#r$!#" 23!p=e4$
Tr#4223!p=e4$
Por$ o "o#d!4 #!rpor$ o dep#r$ Add!$!o4#" &o4d!$!o42
C3#re2
Per!od or pre2e4$#$!o42
Co4!r=#$!o4 !42$r
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T3e o""o:!4 #re $3e 2$ep !4 $3e pro&e22 o ope4!4 # "e$$er o &red!$5
E?por$er@2 Re>! 2o re>
Re&e!p$ o LC5 $3e e?por$er $#;e2 !4 3!2 po22e22!o4 $3e LC. He 23o
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Dod deb!$2 3!2 #&&o
App%ic$nt =e#42 $3e p#r$y o4 :3o2e re>
!22
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+onor =e#42 $o p#y #$ 2!3$ ! $3e &red!$ !2 #v#!"#b"e by 2!3$ p#y=e4$ or $o !4&
Pre8enter =e#42 # be4e!&!#ry, b#4; or o$3er p#r$y $3#$ =#;e2 # pre2e4$#$!o4.
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EXAMINATION O DOCUMENTS< WAI,ER O DISCREPANCIES
AND NOTICE UNDER UCP 311
Examiatio o!
Compliace o!
#oc"mets compl$%
pa$% accept or ic"r a
de!erred pa$met
#oc"mets do ot
(ee& )aier
#ecide to re!"se or
#ecide to re!"se
+ie otice o!,a&e "p or re!"se ad 'ie
Applicat )aier ot
I! )aier receied -a&
determies )eter or
ot it )ill accept te
Applicat )aier receied
+ie otice o!
re!"sal
Iss"i' -a&
/a$% accept or
ic"r a de!erred
pa$met
"derta&i'
a& determies
tat it )ill ot
accept te applicat
)aier
a& determies
tat it )ill accept
te applicat
)aier
Iss"i' -a&
)aies
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G/ RIS: MANA9EMENT
B
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Pre ri8H &o42!2$2 o $3e o""o:!4 #2pe&$2
T3e r!2; o red
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$3e d#$e o pre2e4$!4 $3e b!"" #4d $3e d#$e o re#"!#$!o4 o $3e b!"". T3e r!2; #r!2!4 o
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I4 e $3e &o=p#4y !2
!2 boo;ed o4 $3e b#2!2 o # re#2o4#b"e e2$!=#$e.
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Fore!4 &
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A4y or:#rd &o4$r#&$ boo;ed :!$3o
RIS: MANA9EMENT PO;ICY OR CORPORATE
AD C#$eory)I b#4; 23o$r#42#&$!o42 #4d !42$!$
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G/0 EXPORT CREDIT AND 9UARANTEE CORPORATION
EC9C !2 # 2or$ o
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/ *ENEITS A,AI;ED UNDER 9O,ERNMENT PO;ICIES
T3e E?por$)I=por$ po"!&y 166)6- bro
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:!$3 =ore $3#4 #de>
Gover4=e4$ o I4d!# 3#d $3ereore, &o42!dered !$ #2 #ppropr!#$e $o "#y e=p3#2!2
o4 $3e 4eed or e?por$ pro=o$!o4 2o #2 $o e4#b"e $3e &o
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!4 I4d!#. T3e pro&e22 o "ob#"!#$!o4 #4d "!ber#"!#$!o4 3#2
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Ho:ever, !4 re2pe&$ o EPCG #
#""o:#4&e2 or :#2$#e'.I4 #dd!$!o4,
#
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p#y=e4$ o b#2!& &
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6/ CURRENT MAR:ET SCENARIO
INDUSTRY PROI;E
T3e I4d!#4 $e?$!"e !4d
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T-pe Po8ition
R#: &o$$o4 prod
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A2 per I4$er4#$!o4#" Co$$o4 Adv!2ory Co==!$$ee (ICAC', d
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T3e ro:$3 !4 $3e !4d
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MANA9EMENT PERCEPTION>GTN Gro
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$3e e?por$er2 #4d $3e !=por$er2, Re2erve B#4; o I4d!# re
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:!$3 $3e 2#=e. T3!2 !2 $3e "e#r4!4 :3!&3 $oo; p"#&e :!$3!4 # per!od o 4e#r"y $:o =o4$32
#$ GTN I4d
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SU88ESTIONS
AND
CONCLUSION
INDIN9S
Fro= $3e 2$
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T3e ee&$ o "ob#" re&e22!o4 #"2o #e&$ed $3!2 !4d
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O$3er 2
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$o bo$3 I4d!#4 #4d #"2o "ob#" 2&e4#r!o. I$ reve#"ed $3!2 &o=p#4y #2 # 2
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%I%LIO8RAPH$
*I*I;O9RAP+Y
3$$p5:::.$4!4d
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3$$p5!4d!#b
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b#4;. Here !$ !2 4or=#" or !22
*$nH Certific$te of E?port Re$%iK$tion .*RC7
T3!2 !2 2
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T3e &o4!r=#$!o4 !2 # d!re&$
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I$ =#y 2!3$ LC or
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T3!2 =#y be #=e4ded or &e""ed by $3e !22
4o$!&e $o $3e be4e!&!#ry. No$