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 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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Term Intra State Sales under GST

Meaning of term Intra State Sales under GST   This post explains about Intra State Sales under GST. Intra State sales State Goods and Service Tax (SGST) Intra State Sales also known as sales within the state. State GST would replace State VAT, Entry tax, Octroi, Luxury tax, etc. SGST would be levied on services as well. To enable taxing of services by the State, the Constitutional Amendment Act, 2016 contains suitable provisions. SGST is to be administered by the St

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Meaning of Intimation for composition levy

What is Intimation for composition levy under GST   In this article, the information about Intimation for composition levy is explained here. Intimation for composition levy.- Any person who has been granted registration on a provisional basis under clause (b)    of sub-rule (1) of rule 24 and who opts to pay tax under section 10, shall electronically  file an intimation in FORM GST CMP-01, duly signed or verified through electronic verificatio

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Interstate trade or commerce means

What is Interstate trade or commerce under GST   The details about Interstate trade or commerce are explained here.    Interstate trade or commerce Services in the course of Inter State Trade or Commerce Location of the supplier and recipient should be in different states Import of goods and services in to India shall be treated as interstate trade or commerce. Supply of Goods or Services from India to place outside India shall be treated as Int

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Meaning of term Interregnum period

What is term Interregnum period?   This post explains about term Interregnum period.   Interregnum period Interregnum period means a period when normal government is suspended, especially between successive reigns or regimes. An interregnum (plural interregna or interregnums) is a period of discontinuity or "gap" in a government, organization, or social order. Archetypally, it was the period of time between the reign of one monarch and the next (coming from

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Meaning of International trade

What is International trade   This post explains about International trade.   International trade: International trade is the exchange of capital, goods, and services across international borders or territories. ... In most countries, such trade represents a significant share of gross domestic product (GDP). International trade is the exchange of capital, goods, and services across international borders or territories. It is the exchange of goods and service

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International economics means

  What is International economics   The details about International economics are explained here. International Economics International economics is what it covers tend to depend on the views of the person using the definition. Roughly speaking, it covers economic interactions between countries such as international trade. More precisely, international economics is the field of study that deals with trade between countries. Topics in the Field of Inter

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Interest on delayed payment of tax under GST

What is Interest on delayed payment of tax under GST   The details about Interest on delayed payment of tax under GST are explained here.  Interest on delayed payment of tax Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder, but fails to pay the tax or any part thereof to the Government within the period prescribed, shall for the period for which the tax or any part thereof remains unpaid, pay, on his

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Reduce the Basic Customs Duty on motorcycles under HSN 8711.

  CUSTOMS Notification No 26 of 2018 dt 12th February, 2018   Notification no 26/2018 Customs date on 12th February, 2018 seeks to further amend the notification No. 50/2017- Customs, dated the 30th June 2017 so as to reduce the Basic Customs Duty on motorcycles falling under tariff heading 8711. The extract of CUSTOMS Notification No. 26/2018- CUSTOMS is given below: Notification No. 26/2018-CUSTOMS  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINAR

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Inter State supplies under GST

Term Inter State supplies under GST   In this article, the information about Inter State supplies under GST is explained here. Inter State supplies: Inter-State Goods and Service Tax (IGST) IGST would be levied on all supplies of goods or services in the course of inter-state trade or commerce. IGST would be applicable to import of goods or services from outside country as well, which is indicated in the Constitutional Amendment Act, 2016. The balance of credit u

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