Shaoxing Textile Exports To India Need To Pay Attention To Risk Prevention And Control

A few days ago, the economic and business office of the Chinese Consulate General in Mumbai reissued a reminder that China's export trade enterprises must pay attention to prevention and control of risks and avoid losses when carrying out export business to India. "For the risk of prevention and control, Keqiao foreign trade export enterprises should pay close attention to it." China credit insurance company Shaoxing Office official said.

Many in Keqiao Textile enterprises Trade with India is very close. Especially in recent years, India merchants are increasingly importing Keqiao textile fabrics. Reporters recently learned from the Keqiao District Commerce Bureau that in the 1-11 months of last year, the export volume of Keqiao district to India exceeded 300 million US dollars, an increase of 6% over the same period last year. "With the rapid development of garment industry in many neighboring countries such as India, Keqiao District Textile fabrics It has become the main import product of India and other countries. " According to the statistics of the Commerce Bureau, since last year, 773 foreign trade enterprises in Keqiao district have traded with India.

However, in many export credit insurance businesses in Keqiao, the credit insurance for export goods in India has been blank. CITIC insurance official responsible for the introduction, at present CITIC Insurance launched credit guarantee object is limited to the main body for the company's India buyers. India buyers are mostly personal, which makes the risk of India export products greatly improved, and even can not be prevented.

In addition, the provisions of India customs are also worth the attention of the printing enterprises. The customs of India stipulates that goods can be stored in the customs warehouse for 30 days after arrival. After 30 days, the customs will issue a notice of delivery to the importer. If the importer fails to pick up the goods on time for some reason, he may apply to the Customs for an extension of his application.

If the importer fails to arrive on time during the delay period Customs clearance The customs will give the importer a notice of rush to pick up the goods again (and the last time). The importer will not take delivery of the goods within second days after receipt of the customs notice, or do not give any explanation and application for extension. The customs will auction the goods. "This greatly increases the risk of goods exported to India, and even when the importer fails to pick up the goods, the enterprise can not recover the goods." CITIC insurance official said.

"For the reminder of the Consulate General in Mumbai, the export enterprises in Keqiao, especially the printing and export enterprises, should strengthen risk prevention awareness and vigilance, and trade with foreign merchants in the form of letters of credit payable at sight in the world." Insiders pointed out that, as far as possible, no payment should be made for spot, forward and D / A transactions, instead of taking the initiative in the hands of India importers and not giving India illegal importers an opportunity.

At the same time, we should pay attention to investigating the credit situation of traders or trade middlemen. We must not rush to do trade and ignore credit investigation. We should do a good job of credit investigation for new customers, understand the credit situation of the other party in detail, do not readily listen to the introduction of others, be cautious about the old customers, have a few payments in time before the individual printing merchants, and then appear on credit cards after the latter.