Indian
import export data is generally made up
of products like mineral ores along with food grains and raw materials.
Reportedly, India as a country is looked upon as the largest exporter of
computer software as well as information technology products being shipped over
to eastern and western countries. As such, the exports are generally accounted
for in US dollars and form the medium for foreign exchange in India and other
countries. Thus, Indian import export data
is a large database of each and every type of exports which take place in the
country within a particular quarter of a financial year.
Facilitated
imports and exports
It is the duty of the custom officials
to prepare the list of data and
generally procured from a large number of invoices, exporter’s product
manifesto, bill of lading and other such related items. Additionally, it also contains a huge chunk
of useful data like names of the exporters, along with their contact numbers and
addresses and their website details if available. The practice has established
after the year 2006 when the Indian customs department took a major step in
setting up a comprehensive database for both input ad export operations. Not
only has this step facilitated importers and exports at large, but it has also
paved the way smooth for new and emerging traders to plan their business
strategy to become successful. They have also helped in:
- Local traders easily identify potential foreign markets where the demand for the product is heavy.
- To locate suppliers and manufacturers who offer high quality products.
All such products are
then officially identified keeping in terms with the trends set forth by import export data before it
hits the market for the consumers at large. Being verified by the custom
officials, the quality of the product is also checked thoroughly.
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