Import and Export

The term export means shipping in the goods and services out of the jurisdiction of a country The seller of such goods and services is referred to as an “exporter” and is based in the country of export whereas the overseas based buyer is referred to as “importer”. In international “exporter” refers to selling goods and services produced in the home country to other markets.

Export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and import The advent of small trades over the internet such a through Amazon and eBay have largely bypassed the involvement of Customs in many countries because of the low individual values of these trades Nonetheless, these small exports are still subject to legal restrictions applied by the country of export. An export‘s counterpart is an import.

Import & Export activities in India have drastically increased with the effect of globalization. At present the Import & Export sector is significantly contributing to the growth of the Indian economy. Various big and small companies have ventured into these sectors.

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