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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Meaning of Laws governing Goods and Services Tax

What are the Laws governing Goods and Services Tax   In this article, the information about Laws governing Goods and Services Tax is explained here. Laws governing Goods and Services Tax: Introduction Since GST subsumed both indirect taxes of central government (excise duty, service tax, custom duty, etc.) and state governments (VAT, Luxury tax, etc.), both the government now depend on GST for their indirect tax revenue. Therefore the GST rate is composed of two rat

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Kashmir State Goods Service Act Means

What is Kashmir State Goods Service Act?     Kashmir State Goods Service Act The details about Kashmir State Goods Service Act are explained here. Jammu & Kashmir will have to pass special laws to be able to implement the Goods and Services Tax as its current Constitutional status does not mandate the applicability of the new indirect tax reform in the state. The Central-GST (CGST) and Integrated-GST (IGST) Bills, introduced in the Loksabha as part of la

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What is Job work procedure under GST

is Job work procedure under GST means   This post explains about is Job work procedure under GST.   Job work procedure under GST A registered person (hereafter in this section referred to as the “principal”) may under intimation and subject to such conditions as may be prescribed, send any inputs or capital goods, without payment of tax, to a job worker for job-work and from there subsequently send to another job worker and likewise, and shall,&n

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Meaning of ITC Ledger of Tax Payer under GST

ITC Ledger of Tax Payer under GST   In this article, the information about ITC Ledger of Tax Payer under GST is explained here. ITC Ledger of Tax Payer:  Input Tax Credit as self-assessed in monthly returns will be reflected in this ledger. The credit of this ledger can be used for payment of TAX ONLY and not for payment of interest, fines, fees etc. Electronic ITC ledger: Under GST, the emphasis is on simplifying administrative procedures and bringing t

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ISD Return Means

Term ISD Return under GST The details about ISD Return under GST are explained here.  ISD Return Input Service Distributor “Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the sa

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Input Service Distributor under GST

What is Input Service Distributor under GST   In this article, the information about Input Service Distributor under GST is explained here. ISD Ledger Input Service Distributor under GST The concept of Input Service Distributor (ISD) is provided in GST too. It is defined as 'an office of supplier of goods and/or services, which has received input services under the cover of tax invoice, and is allowed to distribute the said tax credit to the supplier of goods and/or

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Term Input Service Distributor (ISD) Credit under Indian Tax

Input Service Distributor (ISD) Credit under Indian Tax   The details about Input Service Distributor (ISD) Credit are explained here.  ISD Credit Input Service Distributor “Input Service Distributor” means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, St

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Meaning of term Inward supply under GST

Inward supply under GST   This post explains about Inward supply.   Inward supply “Inward supply” in relation to a person, shall mean receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration; Furnishing details of inward supplies Every registered person, other than an Input Service Distributor or a  non-resident  taxable person or a person paying tax under the provis

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What is GST Invoice Format and Rules

Meaning of GST Invoice Format and Rules   The details about GST Invoice Format and Rules are explained here.  Invoice value GST Invoice Format and Rules The rollout of GST in 2017 will necessitate changes to the invoice format for millions of businesses. The format for issuing GST invoice and the related rules are laid out in the GST Tax Invoice, Credit and Debit Notes Rules. Invoice Format All invoice issued by businesses under GST must contain the foll

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Meaning of Inverted duty structure

Term Inverted duty structure under GST   The details about Inverted duty structure are explained here. Inverted duty structure An important drawback of commercial policy or the import tariff policy is the problem of inverted duty structure prevailing in different industries. Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such finished goods. For example,

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