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GCM Worldwide Present Exclusive Workshops on |
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Role of Documentation in International Trade wrt FTP -2023- Customs - FEMA |
Possible Discrepancies under Export Letter of Credit Minimizing the Risk |
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By Mr. SM Chaturvedi International Trade Expert M. Com, LLB (Gen), PGDBA, PGDEM, PGDPR, PGDIR & PM |
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Rationale: The task of documentation by corporate engaged in International Business is considered very routine function. It is wrongfully believed that documentation relating to Import / Export is a low-key area which doesn’t involve application of mind but is conducted mechanically in compliance with Rules & Regulations. However, this is a misnomer as all problems encountered during Import / Export operation and thereafter originates from faulty documentation. Therefore, it is imperative that a good knowledge on documentary compliance coupled with key knowledge areas is mandatory to avoid Pre / Post Export – Import compliances. Objective: The objective of this program is to acquaint the participants with intricacies involved in documentation and emphasise the role that documentation play in smooth functioning of International Business. For Whom: The program would be of use and interest to all Importer / Exporter, CHAs & Professionals involved in International Business. Contents ü Key Knowledge Areas in Import/ Export ü Documentation relating to FTP-2023 ü FTP Corelation ü Maintenance of Records under various Export Incentive Scheme ü Commercial Documents ü Regulatory Documents ü Customs Act & related Documents ü Compliances – Exchange Control Regulations ü Documentary Compliance ü Packaged Commodities Rule, 2011 ü Import/ Export Documentation ü Miscellaneous – Q&A Special Features – All topics will be covered based on FTP- 2023, Finance Bill - 2023-24 & related Laws with update. |
Rationale: Letters of Credit form an Integral part of International Trade. Importers, Exporters world over as well as their respective banks deal with Letters of Credit on a regular basis. The transactions under LCs provide much needed security of payment to an exporter and assurance of delivery to the importer. It is observed that knowledge in this vital area is always not up to date with the organizations operating under this mechanism. The discrepancies under Export Letter of Credit cost heavily to exporters in terms of realization of Export Proceeds. This in turn jeopardies claim of Export Incentives and invites numerous queries from the Banks. Objective: The objective of this program is to acquaint the participant with finer aspects of Letters of Credit, Identification of discrepancies saving of Bank Charges and reduction in transaction cost of export consignments. For Whom: The programme would be of use and interest to all exporters, importers and professionals associated with International Business. Contents ü Letter of Credit ü Meaning – Definition ü Explanation Parties to the Letter of Credit ü Types of Letter of Credit ü Check List for Scrutiny of The L/C ü International Standard Banking Practices (ISBP) ü Common Discrepancies in Documents - B/L, Invoice, Packing List ü Inspection Certificate ü Certificate of Origin ü Insurance Policy ü Miscellaneous ü Q&A Special Features – All the topics will be dealt with specific reference to Inco Terms – 2020 & HS Code – 2022. |
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Profile of Faculty Mr. SM Chaturvedi - International Trade Expert M. Com, LLB (Gen), PGDBA, PGDEM, PGDPR, PGDIR & PM Mr. SM Chaturvedi is a management consultant in International Business besides being a visiting faculty with leading institutions like Indian Institute of Management (Calcutta – Virtual Classes), MSME (Rajkot), FIEO (Mumbai / Delhi / Chennai), ETTI Mumbai, NIFT Mumbai, and many more. He is corporate trainer and Motivational speaker who has conducted more than 5900 seminars on all India bases besides over 310 In-company Training Programs. He possesses over 21 years of corporate experience as Secretary, Manager, and Executive Director with leading Public Ltd. Companies and over 40 years of practice- cum-consultancy experience in the areas of Foreign Trade Policy, Customs, Industrial Policy, Export-Import Customs, Exchange Control Regulations and Industrial Policy, FEMA, Laws of Weights and Measures, GST & Corporate Training. |
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Timings: 10:00 am - 01:00 pm & 02:00 pm – 05:00 pm Registration begins at 09:30 am & 01.30 pm
How to Register:
+18% GST is applicable
For Booking seats Please write - gcmtraining@outlook.com Call Mr. Prakash Gupta Mob.: 8178716578 / 9560940218 For Query WhatsApp on 9560940218 Mode of Payment: NEFT / Credit Card / Paytm / GPAY Cheque/ NEFT – GCM WORLDWIDE Our GSTN. No.: 07AECPA0806Q1ZO Fees include Refreshment, Lunch, and Certificate of Participation along with Course Material. *Terms & Condition Apply |
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