Export-Import Procedures and Documentation
A major dissimilarity between domestic and international operations is the complexity involved with international transactions. Export and import of goods is very complicated and involves a lot of procedures unlike buying and selling in the domestic market. Since foreign trade transactions involves movement of goods across boundaries and maximum use of foreign exchange, many procedures and documentation are to be followed before the goods leave the boundary of a country and enter the other. Here we take a look at the procedures and documentation to be carried out for completing export and import transactions.