Who gets benefits from this website?

   The information provided here is part of Export Import Online Tutorial   Who is benefited by this web blog, www.howtoexportimport.com 1. Any one who is interested to start an export import business.   2. Any one who is interested to learn international trade of export and import.   3. Employees or management who have been working with import export companies.   4. Employees or management who have been workin

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Why prefer exports?

 The information provided here is part of Import Export Training online 1. A country’s international  financial strengthness  determines on the basis of favorable balance of trade. It happens when export is more than import. Foreign exchange earnings will be more in a favorable balance of trade. So the wealth of a nation increases while earning foreign exchange. 2. Government supports: While supporting to increase foreign exchange inflow to a country, governme

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How to overcome Negative thoughts in export business

  The information provided here is part of Online Export Import course  Complicated?: Some of you may think that export business is too complicated with many formalities. Although there are some extra formalities than the regular domestic business,  export business is too easy to handle with the said formalities, once you entered in to the trade. Compared to the benefits which you are going to enjoy, we can not call these formalities as a complication.

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How to Choose a product for export business

  The information provided here is part of Online export import training guide   Learn Exports Imports Free, Click here   How to select a product for a new Export Business? In this article I would like to enlighten some information about choosing a product for export.      Choosing a product plays very important role before starting any business especially for export business. I will give some tips to choose your export pro

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How to send export samples to foreign buyer? Tips to send samples to foreign buyer

  The information provided here is part of Online export import business guide course   How to send export samples to foreign buyer?   Some of you may need a support on procedures to send export samples to your buyer at foreign country. Sending export samples is a simple procedure under export and import.   Can I get cost of export sample from foreign buyer, if value of product is high? Can we get reimbursed on the cost of courier to send export samples?

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What is Ex-factory terms in Imports and Exports

 The information provided here is part of Export Import Online Tutorial In this article, I will explain about Ex Factory Price used in any business, especially in Export and Import business.  What is Ex Works cost? Is Ex-works and Ex-factory same under delivery terms in an international trade? How does Ex Works terms of delivery work?   Ex works price and Ex-factory price are on of the same term. Ex factory or Ex works term is one of the delivery terms u

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Is Letter of Credit LC safe for an Importer?

    As we know, Letter of Credit is operated based on the guidelines governed by the rules and regulations of UCPDC 600 (Uniform Customs and Practice for Documentary credit 600 which came in to effect as on July 1, 2007. In a letter of credit, the buyer’s bank guarantees payment of proceeds to the seller through his bank against presentation of documents as per the terms and conditions of Letter of Credit. We have discussed about the safety of letter of credit for

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How to settle dispute in International Business of Import and Export

  The information provided here is part of Online export import training guide  DISPUTE SETTLEMENT IN EXPORTS AND IMPORTS BUSINESS Litigations and Arbitration in Export and Import Business. I hope this article helps all traders in a business especially those who are in to Import Export business - how to handle disputes in import and export trade? I sell goods to you, you buy them, you pay bill, you use my goods. Simple. Both are happy. Right? Bu

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Inter State supplies under GST

Term Inter State supplies under GST   In this article, the information about Inter State supplies under GST is explained here. Inter State supplies: Inter-State Goods and Service Tax (IGST) IGST would be levied on all supplies of goods or services in the course of inter-state trade or commerce. IGST would be applicable to import of goods or services from outside country as well, which is indicated in the Constitutional Amendment Act, 2016. The balance of credit u

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Meaning of Interstate dealer and seller

What is Interstate dealer and seller   The details about Interstate dealer and seller are explained here.  Inter State Dealer Interstate dealer means a Trader who deals in purchasing and selling of goods and services within the state Inter-State Goods and Services (IGST) – Inter-State seller The inter-state seller will pay IGST on value addition after adjusting available credit of IGST, CGST and SGST on his purchases. The exporting state will tran

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Inter State B2C Supply Means

What is Inter State B2C Supply under GST   The details about Inter State B2C Supply are explained here Inter State B2C Supply B2C supplies under GST The terms B2C and B2B are used very frequently these days, these are stand for ‘Business to Consumers’ and ‘Business to Business’, these two are totally different kind of transactions because the intention of transaction are altogether different. The overall transaction volume of B2B is much h

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Meaning of term Inter-State Goods and Service Tax (IGST) under GST

Term Inter-State Goods and Service Tax (IGST) under GST   In this article, the information about Inter-State Goods and Service Tax (IGST) is explained here. Inter Government Inter-State Goods and Service Tax (IGST) IGST would be levied on all supplies of goods and /or services in the course of inter-state trade or commerce. IGST would be applicable to import of goods or services from outside country as well, which is indicated in the Constitutional Amendment Act, 20

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Inter and Intra State Level tax under GST

Meaning of term Inter and Intra State Level tax under GST   The details about Inter and Intra State Level tax under GST are explained here.  Inter and Intra State Levels State Goods and Service Tax (SGST) State GST would replace State VAT, Entry tax, Octroi, Luxury tax, etc. SGST would be levied on services as well. To enable taxing of services by the State, the Constitutional Amendment Act, 2016 contains suitable provisions. SGST is to be administered by the S

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Meaning of Intellectual property

What is Intellectual property (IP) Rights   The details about Intellectual property are explained here.  Intellectual property Intellectual property rights are like any other property right. They allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the right to benefit from the pr

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What is Integrated Tax under GST

Meaning of term Integrated Tax under GST   This post explains about Integrated Tax.   Integrated Tax Inter-State Goods and Service Tax (IGST) IGST would be levied on all supplies of goods and /or services in the course of inter-state trade or commerce. IGST would be applicable to import of goods or services from outside country as well, which is indicated in the Constitutional Amendment Act, 2016. The balance of credit under VAT as well as Cenvat Credit

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Meaning of term Inspection and Search under GST

What is Inspection and Search under GST   The details about Inspection and Search under GST are explained here Inspection The Indian GST is structured for efficient tax collection, reduction in corruption, easy inter-state movement of goods etc. Keeping in mind the government’s anti-tax evasion scheme, GST also has strict provisions to inspect and search places of business for suspected tax evaders. Inspection and Search under GST ‘Search &rsq

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Seized Goods under GST

What is Seized Goods under GST   This post explains about Seized goods under GST.   Seizure.- Where the proper officer not below the rank of a Joint Commissioner has reasons to believe that     a place of business or any other place is  to  be  visited for  the  purposes of  inspection or  search or, as the case may be,  seizure in  accordance with the provisions of  section 67,  he&n

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Meaning of term Inspection memo under CGST, IGST Act.

Term Inspection memo under CGST, IGST Act   This post explains about Term Inspection memo under CGST, IGST Act. Inspection ‘Inspection’ is a new provision under the CGST/SGST Act. It is a softer provision than search to enable officers to access any place of business of a taxable person and also any place of business of a person engaged in transporting goods or who is an owner or an operator of a warehouse or godown. Inspection memo: The police office

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