Export & Import 'UK'

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Export & Import ‘United Kingdom’

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The term  export  is derived from the conceptual meaning as to ship the goods and services out of the port of a country. Introduction In International Trade, "exports" refers to selling goods and services produced in home country to other markets

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Introduction The term  import  is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" . When the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported.

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VAT on Imports When a company imports goods into any EU country, VAT becomes due.  Payable immediately at the port or airport, or when the goods are released from a bonded warehouse. Most EU countries will expect the importer of record to VAT register in the relevant state.

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VAT on Imports Free imports Duty or VAT is not payable on anything imported from another EU country. VAT is payable on everything (that is not VAT exempt or zero rate) from elsewhere, and duty is payable on most goods from elsewhere.

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Procedures Exporting Procedures Pre lodgment Presentation/Arrival/Acceptance Processing & Clearance Departure

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Procedures Customs Summary Declaration Import Declaration Customs Duties Commodity Code Value Added Tax

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Procedures Import documentation

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Procedures Commercial Documents Commercial invoice Pro forma invoice  Shipping invoice Official Documents Export license  Certificate of origin Movement certificate  Inspection certificate

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Procedures Transport Documents Export packing list  Standard shipping note  Insurance Documents Insurance policy  Certificate of insurance 

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Procedures Other Documents Bill of exchange Packing list Dispatch note Customs invoice

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Restricted Goods There are restrictions on what food and plant products you can bring in or send to the UK depending or whether they're from the European Union (EU) or outside the EU. The finished goods of certain fur skins covered for personal and private use are also restricted,

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Restricted Goods The following are some of the restricted goods: Firearms, explosives and ammunition Realistic imitation firearms Offensive weapons including swords with a curved blade exceeding 50cms in length Live animals Endangered animals or plants Certain fur skins and articles made from fur skin Rough diamonds

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Top 20 Export Countries 2009 Exports 2010 Exports % Chg Trading partner Value/£000s Volume/tonnes Value/£000s Volume/tonnes Value Volume France 289,631 81,850 347,558 86,921 20 6 Spain 144,962 35,200 155,397 37,191 7 6 USA 101,146 25,049 147,218 32,113 46 28 Ireland 104,642 28,824 103,107 25,816 -1 -10 Italy 81,063 16,013 89,497 16,499 10 3 Germany 71,896 27,944 72,911 24,877 1 -11 Netherlands 60,770 84,274 63,800 83,876 5 -0 Russia 52,263 42,489 54,263 46,506 4 9 Portugal 38,555 20,319 38,585 17,321 0 -15 Belgium 39,125 9,781 34,798 5,924 -11 -39 Poland 11,875 8,749 26,557 12,165 124 39 Denmark 20,535 10,079 25,446 12,486 24 24 Nigeria 13,626 21,657 23,289 37,176 71 72 China 20,681 17,016 20,946 13,766 1 -19 South Korea 10,795 2,480 11,996 3,367 11 36 United Arab Emirates 5,612 1,529 9,935 7,692 77 403 Switzerland 4,898 603 8,728 1,012 78 68 Sweden 4,413 1,818 8,695 3,479 97 91 Hong Kong 5,560 1,016 6,307 1,006 13 -1 Canada 5,857 1,285 5,566 1,234 -5 -4

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Top 20 Import Countries

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UK & India India is a major, and growing import market and offers great possibilities for UK businesses looking for a new import market. Trade between Europe and India has increased rapidly in recent years, the UK is India's second largest trading partner after the US.

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UK & India UK's imports from India are : Textiles and readymade garments, Gems and jewelry, Footwear, Metal manufactures, Power generating equipment, Organic chemicals and Vegetables and fruit.

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Restricted Countries & Penalties Restricted Countries Export and import of specified items from Iraq, Iran, etc. is subject to certain conditions as may be listed in the classification of export import items.

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Restricted Countries & Penalties Penalties The penalties for breaking these laws can be severe and can even result in you losing your business. It is illegal to carry or send goods to the UK that are banned or for which you don't have the necessary license or permit. There are severe penalties for smuggling, including imprisonment.

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Conclusion 15 Tips to Start Successful Export Import Business : 1. Where to start? 2. Go Online 3. Select And Evaluate Your Market 4. Understand that every market has different demands & changes every few years 5. Analyze, "Position" and Modify Your Products 6. If You Fail To Plan, You Are Planning To Fail

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Conclusion 15 Tips to Start Successful Export Import Business : 7. Build A Network 8. Develop "Export Inquiries Handling Rules" 9. Negotiating Is An Art 10. Be Aware Of Frauds 11. Be Market- And Customer - Focused 12. Be Prepared To Meet Growing Demand

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13. Be Prepared To Spend Time And Money 14. Make Decisions On A Commercial Ground 15. Don't Try Too Much At The Beginning And Don't Grow Too Fast Conclusion 15 Tips to Start Successful Export Import Business :

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