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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What is Duty Free Import Authorisation (DFIA) Scheme.

Duty Free Import Authorisation (DFIA) Scheme means   This post explains about Duty Free Import Authorisation Scheme   DFIA is issued to allow duty free import of inputs, fuel, oil, energy sources, catalyst which are required for production of export product. DGFT, by means of Public Notice, may exclude any product(s) from purview of DFIA. DFIA Scheme Duty Free Import Authorisation is issued to allow duty free import of inputs. In addition, import of oil and c

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Term Duty Drawback Scheme under Indian Tax

Meaning of Duty Drawback Scheme under Indian Tax   Duty Drawback Scheme The details about Duty Drawback Scheme are explained here. Different types of Duty Drawback Scheme   Introduction: The Duty Drawback Scheme seeks to rebate duty or tax chargeable on any imported / excisable materials and input services used in the manufacture of export goods. The duties and tax neutralized under the scheme are (i) Customs and Union Excise Duties in respect of inputs and (i

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Domestic trade Means

What is domestic trade   Domestic trade The details about domestic trade are explained here.  Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. Wholesale trade is concerned with buying goods from manufacturers or dealers or producers in large quantities and selling them in smaller quantities to others who may be reta

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Meaning of Dividend Distribution Tax

Term Dividend Distribution Tax under Indian Tax   Dividend Distribution Tax (DDT): In this article, the information about Dividend Distribution Tax is explained. A brief description about the subject is explained here.   You may contact concerned government agency for latest update. Dividend Distribution Tax (DDT) Under section 115-O of the Act, Dividend Distribution Tax (‘DDT’) is an additional tax payable at 20.36% (including applicable ce

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Distributive trade Means

What is term Distributive trade   Distributive trade The details about Distributive trade are explained here.  Distributive trade is defined as the totality of all forms of trade activities, from the procurement of goods from the manufacturer, to delivery these goods to the consumers. It includes wholesale and intermediation trade, retail and trade in motor vehicles and motorcycles trade. We analysed the turnover, persons employed and stores in distributive trade f

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Meaning of Distribution of taxes by income groups under Indian Tax

What is Distribution of taxes by income groups under Indian Tax   Distribution of taxes by income groups This post explained about Distribution of taxes by income groups The tax will be paid by parent company on the income for the subsidiary, if that subsidiary is a foreign company. In India, domestic companies pay Dividend Distribution Tax, or DDT, which is a levy in addition to income tax chargeable on their total income in an assessment year. Here's what it means T

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Directorate General of foreign Trade (DGFT)Means

What is Directorate General of foreign Trade (DGFT)   Directorate General of foreign Trade (DGFT): The details about Directorate General of foreign Trade (DGFT) are explained here.    The Directorate General of foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India, responsible for execution of the import and export Policies of India. It was earlier known as Chief Controller of Imports & Exports (CCI&E)

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What is direct tax under Indian Tax

Direct Taxes under Indian Tax   Direct Tax: This post explains about direct tax under Indian tax. Different types of direct taxes. Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc. Direct Taxes Income Tax Income Tax is paid by an individual based on his/her taxable income in a

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What is Direct Tax Turnover Approach under GST

Term Direct Tax Turnover Approach under GST   Direct Tax Turnover Approach: The details about Direct Tax Turnover Approach are explained here. A third approach—which was described in the Thirteenth Finance Commission--is based on using income tax data which are available for about 94.3 lakh registered entities (including companies, partnerships, and proprietorships but not charitable organizations). The data are classified into 10 sectors and 75 sub-sectors. These

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Direct Tax Turnover Approach to Estimating RNR

Direct Tax Turnover Approach to Estimating RNR under GST   Direct Tax Turnover Approach to Estimating RNR In this article, the information about Direct Tax Turnover Approach to Estimating RNR is explained. A brief description about the subject is explained here.   You may contact concerned government agency for latest update. At the producer level, the GST base is equivalent to the value added which is the value that a producer adds to his raw materials or purc

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