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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Inbound freight

What is inbound freight in business   Inbound freight is a term used to define transport, storage and conveyance of products coming into a business. After each financial year, numerous organizations undertaking their tasks to make sense of better approaches to diminish costs for the upcoming year. Each part of the organization's components which affect the primary concern ought to and comes under audit. However, not every area of the business is given equivalent examination. One of

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E-Way Bill system rolled out states for intra-State movement of goods under GST

  E-Way Bill system implemented states for intra-State movement of goods under GST          As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01 st April, 2018. As on 3 rd June, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Ma

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Central Tax Notification No.28 of 2018 for CGST Rules,2017 amendment under GST

Central Tax Notification No 28 of 2018 dt 19th June, 2018 under GST   Notification no 28/2018 Central Tax date on 19th June, 2018, GST  Notification issued for amending the CGST Rules, 2017  The extract of GST Notification No. 28/2018- Central Tax is given below:    Notification No. 28/2018- Central Tax, GST   [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]   Government of India

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How to upload documents in e Sanchit

Step by step procedure documents upload in e Sanchit   Only ICEGATE registered users can use e-Sanchit applications by accessing the e-Sanchit link. Following are the steps by step procedure in e Sanchit supporting documents upload.    1: Scan all the documents separately like Invoice, Packing List, BL, AWB & convert to digital format, Scan file format should be PDF. 2: Click on Digital Signature & signed all scan documents  3: Now login to 

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Difference between Invoice value and Assessed value

Assessed Value Vs Invoice value   Now let us discuss about the difference between Assessable value and Invoice value.   What is assessed value? How does it work in an Import export business?   Assessed value Assessed value is not actual value of any asset or product; it is the value which is used for calculation of tax. Assessed value is used to calculate the custom duty and excise duty instead of invoice value.     Usually assessed va

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CUSTOMS Notification No 47 of 2018 dated 14th June, 2018

 Notification no 47/2018 Customs date on 14th June, 2018    seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils.  The extract of CUSTOMS Notification No. 47/2018- CUSTOMS is given below:  Notification No. 47/2018-CUSTOMS     [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECT

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Central Tax Notification No 27 of 2018 dt 13th June, 2018 under GST

Notification no 27/2018 Central Tax date on 13th June, 2018, GST    Seeks to specify goods which may be disposed off by the proper officer after its seizure.  The extract of GST Notification No. 27/2018- Central Tax is given below:    Notification No. 27/2018- Central Tax, GST   [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]   Government of India Ministry of Finance Departme

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Central Tax Notification No 26 of 2018 dt 13th June, 2018 under GST

 Notification no 26/2018 Central Tax date on 13th June, 2018, GST    Seeks to make amendments (Fifth Amendment, 2018) to the CGST Rules, 2017.  The extract of GST Notification No. 26/2018- Central Tax is given below:  Notification No. 26/2018- Central Tax, GST   [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]   Government of India Ministry of Finance Department of Revenue

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Quantitative restrictions

Explain Quantitative restrictions   Restrictions which limit the quantity of merchandise permitted to enter or leave a country. They are imposed by means of quotas or licensing systems and can be applied to both imports and exports. These restrictions may be applied in a “selective” basis, with the varying limits set according to the country of origin, or quantitative global basis that only specifies the total limit and thus tends to benefit more efficient suppliers

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The Federation of Indian Export Organisations FIEO

What is FIEO?    The Federation of Indian Export Organisations popularly known as "FIEO", is the apex body of Indian export promotion organisations. The FIEO was set up in the year 1965 mutually by the Ministry of Commerce, Government of India and private trade and industry. The Federation of Indian Export Organisations is responsible for representing and assisting Indian entrepreneurs and exporters in the global market. FIEO is thus a partner of the Government of I

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