‘Imports’ means, bringing into India, of goods from a place outside India. In other words, it refers to the goods which are produced abroad by foreign producers and are used in the domestic economy in order to cater to the needs of the domestic consumers. India includes the territorial waters of India which extend upto 12 nautical miles into the sea to the coast of India. Similarly, ‘exports’ of goods means, taking goods out of India to a place outside India. It refers to the goods which are produced domestically and are used to cater to the needs of the consumers in other countries. The country which is purchasing the goods is known as the importing country and the country which is selling the goods is known as the exporting country. The traders involved in such transactions are importers and exporters respectively.
Import and export portals stands for a gateway to search/modify/submit/archive data on import and export and professional processing of continuous online Import and Exports. With a Import and Export portal the complete Import and Exporting process—submitting of proposals, assessment, administration—are done on the web. Electronic or online Import and Exporting is just carrying out the same traditional Import and Exporting process in an electronic form, using the Internet.
Using online Import and Exporting, bidders can do any of the following:
- Receive notification of the Import and Exports
- Receive Import and Export documents online.
- Fill out the forms online.
- Submit proposals and documents.
- Submit bids online.