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

Read More

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

Read More

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.

Read More

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

Read More

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?

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

Hub and Spoke network

What is a Hub and Spoke network?   A hub and spoke network can simply demonstrate like a complex bicycle wheel, with the hub as the strategic center of the network, and the spokes radiating out to connect it with outlying points. This system is adopted by various industries like telecommunications and information technology but widely used by Logistics industry. Under this model, carriers gathers cargo from its point of origin i.e, the tips of the spokes and move it back t

Read More

Define transportation management system (TMS)

Transportation Management System (TMS) A transportation management system (TMS) is a part of supply chain management (SCM) that concerned with the planning, implementation and control of the transportation of products. With TMS, the clients are able to manage and optimize the routine operations of their carriers and thus reduce transportation costs. TMS actually manages the key processes of transportation management include Planning and decision making, Transportation Execution , Transport

Read More

Inventory Management

Need of Inventory Management   Inventory is one of the most valuable assets of a company. Inventory management is a part of supply chain management, deals with the management of inventory and stock items.  Actually inventory management oversees the flow of goods from producers to warehouses and from there to retailers or point of sale. The need of inventory management is to save significant amounts of money and reduce waste, while maximizing the ability to provide customers

Read More

Transloading VS Crossdocking

Compare crossdocking and transloading Transloading Transload services involve transferring container cargo from one load unit to another.  When a container is transloaded, it normally happens at a facility that is nearer to a port terminal.  A container will be taken into a facility and exchanged to a domestic container or truckload.  Inventory and transportation cost savings are obtained by switching to a truck from a container. It is used where one mode of transport

Read More