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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Simplified GST Return approved by GST Council on 21.07.2018

Simplified GST Return approved by GST Council on 21.07.2018     28 th GST Council meeting held on 21 st of July, 2018 in New Delhi, approved the new return formats and associated changes in law. It may be recalled that in the 27 th meeting held on 4 th of May, 2018 the Council had approved the basic principles of GST return design and directed the law committee to finalize the return formats and changes in law. The formats and business process approved 21.07.2018 were i

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GST council recommendations for opening of migration window for taxpayers on 21.07.2018

GST council recommendations for opening of migration window for taxpayers on 21.07.2018   28 th GST Council meeting held at New Delhi on 21.07.2018 has approved the proposal to open the migration window for taxpayers.        1. The taxpayers who received provisional IDs but could not complete the migration process.        2. The taxpayers who filed Part A of FORM GST REG-26, but not Part B of the said FORM are requested to approach the

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Major Recommendation made by GST council on 21.07.2018

   Recommendations related to Amendments in the CGST Act, IGST Act, UTGST Act and GST Act, 2017 on 21.07.2018    Recommendations made by GST Council - Amendments to the CGST Act, 2017, IGST Act, 2017, UTGST Act2017, and GST (Compensation to States) Act, 2017   28 th GST Council meeting held at New Delhi on 21.07.2018 has recommended certain amendments in the CGST Act,2017, IGST Act,2017, UTGST Act,2017 and the GST (Compensation to States) Act, 2017.

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Revised GST rate on goods, 21.07.2018

Revised GST rate on goods – 28 th GST council meeting held on 21.07.2018   28 th  GST Council meeting held at New Delhi on 21.07.2018 took following decisions relating to GST exemptions and GST rate changes on goods   List of Goods Revised GST rate from 28% to 18% on 21.07.2018  1.  Paints and varnishes (including enamels and lacquers)  2. Glaziers’ putty, grafting putty, resin cements  3. Refrigerators, freezers and othe

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Revised GST rate on Services - 28th GST council meeting held on 21.07.2018

Revised GST rate on Services - 28 th GST council meeting held on 21.07.2018       28 th GST Council meeting held at New Delhi on 21.07.2018 took following decisions relating to exemptions / changes in GST rates / ITC eligibility criteria, rationalization of rates / exemptions and clarification on levy of GST on services.   It would be noted that multiple reliefs from GST taxation have been provided to following categories of services – 

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CUSTOMS Notification No 54 of 2018 dated 20th July, 2018

  Notification no 54/2018 Customs date on 20th July, 2018    seeks to make amendments to Notification number 50/2017.  The extract of CUSTOMS Notification No. 54/2018- CUSTOMS is given below:  Notification No. 54/2018-CUSTOMS   [TO BE PUBLIHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]   GOVERNMENT OF INDIA  MINISTRY OF FINANCE  (DEPARTMENT OF REVENUE)   Notification No.54 /2

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CUSTOMS Notification No 53 of 2018 dated 16th June, 2018

Notification no 53/2018 Customs date on 16th June, 2018    Seeks to amend BCD rates on certain textile goods.  The extract of CUSTOMS Notification No. 53/2018- CUSTOMS is given below:  Notification No. 53/2018-CUSTOMS   [TO BE PUBLIHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]     GOVERNMENT OF INDIA   MINISTRY OF FINANCE   (DEPARTMENT OF REVENUE)   Notification

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CUSTOMS Notification No 52 of 2018 dated 14th June, 2018

    Notification no 52/2018 Customs date on 14th June, 2018    Seeks to further amend Notifications No. 50/2017-Customs dated 30.06.2017 to expand list of exempt items for Handicraft Sector.  The extract of CUSTOMS Notification No. 52/2018- CUSTOMS is given below:  Notification No. 52/2018-CUSTOMS   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,   SECTION 3, SUB-SECTION (i)]   GOVERNMENT OF

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CUSTOMS Notification No 51 of 2018 dated 9th July, 2018

   Notification no 51/2018 Customs date on 9th July, 2018   seeks to amend the notification No. 27/2011-Customs dated01 st March, 2011 so as to reduce the export duty on export of Iron Ore by MMTC Limited (only NMDC origin) to Japan and South Korea under the Long Term Agreement (LTA), from 30% to 10%, upto and inclusive of 31.03.2021. The extract of CUSTOMS Notification No. 51/2018- CUSTOMS is given below: Notification No. 51/2018-CUSTOMS   [TO BE PUBL

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Central Tax Notification No 29 of 2018 dt 6th July, 2018 under GST

   Notification no 29/2018 Central Tax date on 6th July, 2018, GST    Seek to make amendments (Seventh Amendment, 2018) to the CGST Rules, 2017  The extract of GST Notification No. 29/2018- Central Tax is given below:    Notification No. 29/2018- 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 Reve

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