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Handbook of Procedures (Vol I)

Handbook of Procedures (Vol I) 2025

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The 'Handbook of Procedures (Vol. I)' issued by the Government of India outlines the operational guidelines and procedures for foreign trade from August 27, 2009, to March 31, 2014. It details provisions regarding imports and exports, promotional measures, duty exemption schemes, export-oriented units, special economic zones, deemed exports, and miscellaneous matters. The handbook aims to facilitate efficient management of foreign trade through transparent and compliant procedures while promoting exports and ensuring adherence to the Foreign Trade Policy.

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What are the 7 instruments of trade policy?

Trade policy uses seven main instruments: tariffs, subsidies, import quotas, voluntary export restraints, local content requirements, administrative policies, and antidumping duties. Tariffs are the oldest and simplest instrument of trade policy.

What are the five documents used in international trade?

Shipping documents include import/export licenses, bills of lading, bills of entry, bills of sight, advice notes, indents, shipping orders, shipping bills, and certificates of origin. Payment documents include letters of credit and documentary bills of exchange.

What is the full form of HBP in foreign trade?

Piyush Goyal on 31 March 2023, and the Handbook of Procedures (HBP), 2023 notified by Directorate General of Foreign Trade (DGFT) on 1 April 2023.

What are the 5 steps of the export process?

Generally, there are five main steps involved in the export process: Order confirmation from the buyer. Arranging goods and quality inspection. Preparation of export documentation. Customs clearance and shipping. Receipt of payment and delivery confirmation.

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