{"id":1694,"date":"2024-09-23T18:25:37","date_gmt":"2024-09-23T12:55:37","guid":{"rendered":"https:\/\/limeinstitute.org\/blog\/?p=1694"},"modified":"2024-09-23T18:26:58","modified_gmt":"2024-09-23T12:56:58","slug":"a-detailed-report-on-engineering-goods-import-export","status":"publish","type":"post","link":"https:\/\/limeinstitute.org\/blog\/a-detailed-report-on-engineering-goods-import-export\/","title":{"rendered":"A Detailed Report On Engineering Goods Import-Export"},"content":{"rendered":"\n<p>India\u2019s Engineering Goods sector comprises manufacturing iron, steel, related products, non-ferrous metals, industrial machinery, automobiles, auto components, and other engineering products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Engineering Goods Includes<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Capital goods- About half of India&#8217;s engineering exports, including industrial machinery, electrical machinery, and auto and auto parts<\/li>\n\n\n\n<li>Iron, steel, and products<\/li>\n\n\n\n<li>Non-ferrous metals and products<\/li>\n\n\n\n<li>Miscellaneous items- 17.68% of India&#8217;s engineering exports, including aircraft, spacecraft, ships, boats, and floating structures<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Statistical Representation of Engineering Exports<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"977\" height=\"351\" src=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-7.png\" alt=\"\" class=\"wp-image-1695\" srcset=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-7.png 977w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-7-300x108.png 300w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-7-768x276.png 768w\" sizes=\"(max-width: 977px) 100vw, 977px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"953\" height=\"395\" src=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-10.png\" alt=\"\" class=\"wp-image-1698\" srcset=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-10.png 953w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-10-300x124.png 300w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-10-768x318.png 768w\" sizes=\"(max-width: 953px) 100vw, 953px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Export Trends<\/h2>\n\n\n\n<p>The engineering goods export of India had a share of 23.92% out of the total exports during the financial year 2022-23 from the country.<\/p>\n\n\n\n<p>The impressive growth in Engineering Goods exports in recent years has largely been due to the zero-duty Export Promotion Capital Goods (EPCG) scheme of the Ministry of Commerce &amp; Industry which forms part of the Foreign Trade Policy (FTP) of the Government of India.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"873\" height=\"496\" src=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-11.png\" alt=\"\" class=\"wp-image-1699\" srcset=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-11.png 873w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-11-300x170.png 300w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-11-768x436.png 768w\" sizes=\"(max-width: 873px) 100vw, 873px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Export Destinations<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>United States<\/li>\n\n\n\n<li>United Kingdom<\/li>\n\n\n\n<li>France<\/li>\n\n\n\n<li>Brazil<\/li>\n\n\n\n<li>Philippines<\/li>\n\n\n\n<li>Singapore<\/li>\n\n\n\n<li>Turkey<\/li>\n\n\n\n<li>Morocco<\/li>\n\n\n\n<li>United Arab Emirates<\/li>\n\n\n\n<li>Thailand<\/li>\n\n\n\n<li>South Africa<\/li>\n\n\n\n<li>Russia<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"962\" height=\"529\" src=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-12.png\" alt=\"\" class=\"wp-image-1700\" srcset=\"https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-12.png 962w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-12-300x165.png 300w, https:\/\/limeinstitute.org\/blog\/wp-content\/uploads\/2024\/09\/image-12-768x422.png 768w\" sizes=\"(max-width: 962px) 100vw, 962px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Government Initiatives<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The government of India has implemented various export promotion schemes, such as the Zero Duty Export Promotion Capital Goods (EPCG) scheme, Towns of Export Excellence (TEE), Market Access Initiative (MAI), etc. These schemes are aimed at encouraging the exporter and to help increase the revenue from international markets.<\/li>\n\n\n\n<li>Also, schemes such as duty exemption, advance authorization, duty-free import, rebate on service tax, etc. have been implemented to ease raw material imports.<\/li>\n\n\n\n<li>The Indian Engineering Exposition (INDEE), a brand of EEPC India, is one of the largest engineering expositions in the world.<\/li>\n\n\n\n<li>Apart from the specific schemes mentioned above, the Government of India has taken several initiatives to support and enhance the competitiveness of the domestic engineering goods manufacturing firms such as the &#8220;Make in India&#8221; initiative, PLI scheme for Automobile, and Auto components, PLI scheme for National Programme on Advanced chemistry cell (ACC) Battery Storage, FAME INDIA II scheme, Capital goods scheme, Industry 4.0.<\/li>\n\n\n\n<li>The Government of India, along with the Engineering Export Promotion Council, frequently organizes the International Engineering Sourcing Show (IESS) with the main objective of promoting India&#8217;s image and providing a platform for Indian exporters to showcase their strengths and capabilities in an emerging market. This has become a unique platform between Indian and overseas engineering firms with B2B meets, thematic seminars and exclusive country and state sessions, bilateral forums.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Read This:<\/strong>\u00a0<a href=\"https:\/\/limeinstitute.org\/blog\/a-detailed-report-on-pasta-import-export\/\">A Detailed Report On Pasta Import-Export<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Government Body<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Engineering Export Promotion Council (EEPC)<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Business Start Up Process<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">STEP 1 :- Business Registration<\/h3>\n\n\n\n<p><strong>Proprietorship Firm<br><\/strong>MSME (Udyam Aadhar)<\/p>\n\n\n\n<p><strong>Partnership Firm<br><\/strong>Deed<br>ROF (Registration of Firm)<\/p>\n\n\n\n<p><strong>LLP (Limited Liability Partnership)<br><\/strong>Deed<br>CIN (Certificate of Incorporation)<\/p>\n\n\n\n<p><strong>Company<\/strong><br>MOA<br>AOA<br>ROC<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">STEP 2 :- PAN<\/h3>\n\n\n\n<p><strong>Proprietor&nbsp;<\/strong>\u2013 Individual (Self)<br><strong>Partnership Firm<\/strong>&nbsp;\u2013 Firm\u2019s Name<br><strong>LLP (Limited Liability Partnership)<\/strong>&nbsp;\u2013 LLP\u2019s Name<br><strong>Company&nbsp;<\/strong>\u2013 Company\u2019s Name<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">STEP :- 3 GST (Goods &amp; Services Tax)<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">STEP :- 4 Bank Account (Current A\/c)<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">STEP :- 5 IEC \u2013 Importer Exporter Code<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">STEP :- 6 RCMC \u2013 Registration with Export Promotional Bodies (EPC, CB, DA, Etc.)<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">STEP :- 7 Port Registration (Nearest Port where you source)<\/h3>\n\n\n\n<p>ICEGATE Registration<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">STEP:- 8 COC \u2013 Chamber of Commerce<\/h3>\n\n\n\n<p>DGFT Registration<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">STEP: -9 Others \u2013 If Any<\/h3>\n\n\n\n<h2 class=\"wp-block-heading\">Documents Mandatory For Export<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Pre-Shipment<\/h3>\n\n\n\n<p>a. Proforma Invoice \/ Agreement \/ Contract<br>b. Letter of Credit<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Post-Shipment<\/h3>\n\n\n\n<p>a. Commercial Invoice<br>b. Packing List<br>c. B\/L \/ AWB \/ LR<br>d. Certificate of Origin<br>e. Insurance<br>f. Others (if any)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Engineering Goods sector comprises manufacturing iron, steel, related products, non-ferrous metals, industrial machinery, automobiles, auto components, and other engineering products. Engineering Goods Includes Statistical Representation of Engineering Exports Export Trends The engineering goods export of India had a share of 23.92% out of the total exports during the financial year 2022-23 from the country. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,9],"tags":[765,766,45,33],"class_list":["post-1694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news","tag-engineering-goods","tag-engineering-goods-import-export","tag-export-and-import","tag-export-import-training"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Detailed Report On Engineering Goods Import-Export<\/title>\n<meta name=\"description\" content=\"India\u2019s Engineering Goods sector comprises manufacturing iron, steel, related products, non-ferrous metals, industrial machinery,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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