What is indenting in import?

What is indenting in import?

An indent is an order placed by an importer with the exporter for the supply of certain goods. It is usually prepared in duplicate or triplicate. The indent may be of several types like open indent, closed indent and confirmatory indent. An indent contains the following information: (a) Quantity of goods to be imported.

What do you understand by indent in external or international business?

Define Indent. When the importer places an order to import the goods, he places an order for the goods to be despatched. This order is known as ‘indent’ containing description of the goods ordered, prices to be paid, delivery terms, packing and marking details and delivery instructions.

What are indent firms?

An indenting agent is a company that collects commissions on sales, and does not buy and resell. Local indenting firms act as representatives of overseas exporters and get commission from them in foreign currency.

What is the purpose of indent in commerce?

Indent: A document which allows the importer to order goods from the exporter through his agent. Indent can be closed or opened. A closed indent restricts the agent to a named manufacturer from whom the goods must be bought while an open indent gives the agent a free hand in obtaining the goods from any source.

What is indent number in shipping?

It is an order placed for import of goods. It is sent to the exporter for supply of goods. It contains full information regarding the goods to be imported i.e.. , quantity, quality, mode of packing and marking, period of delivery, mode of payment and other instructions regarding shipment and insurance, etc.

What is indent example?

When you press the “Tab” button in a word processing program so the first line of your text starts further inward than the second, this is an example of indent. A space left when you “tab” to move text inward in a word processing program is an example of an indent.

What is indent contract?

To contract; bargain; make a compact. To make a dent or depression in, as by a blow or by pressure; dent or dint. To dent or press in; form as a dent or depression. noun A requisition for military stores. noun A cut or notch in the margin, or a recess like a notch; an indentation.

How many countries have foreign trade?

Largest countries by total international trade

What are indent orders?

Indent is a purchase order often placed through an agent (indent agent) under specified conditions of sale. If no prior contract exists, then it is the acceptance of the order by the seller that forms a contract between the buyer and seller.

What is indent and tab?

An indent sets the distance between the left and the right margins. It’s also used in bullets and numbering to ensure that the text lines up properly. Tabs come into play when you press the Tab key on your keyboard. It moves the cursor one-half inch by default, much like a shortcut for several spaces.

What does indent mean in an essay?

To indent is to begin text with a blank space between it and the margin. When you’re writing an essay, you can indent the first sentence of each paragraph. Another way to indent is to cause a hollow, depression, or notch — in other words, to dent.

What is purchase indent?

Purchase indents are audit documents which are used to track the movement of materials prior to their receipt by the buyer. Purchase indent is documented by the firms against the required inventory . Indent is a sort of order for selling or purchasing the commodities.