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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GST practitioners examination

  Pattern and Syllabus for GST Practitioner examination    The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated 28.5.2018.   The GSTPs enrolled on the GST Network under sub-rule (2)

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Time limit extended for submitting FORM GST TRAN-1

   FORM GST TRAN-1 declaration submitting extended time  limit   No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs    New Delhi, the 17 th September, 2018    Order No. 4/2018-GST   Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain ca

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CUSTOMS Notification No 62 of 2018 dated 17th September, 2018

  Notification no 62/2018 Customs date on 17th September, 2018    Seeks to further amend the the third proviso to the Notification. No. 50/2017-Customs, dated the 30th June, 2017 and to delay implementation of the retaliatory duties till 2nd Nov 2018.  The extract of CUSTOMS Notification No. 62/2018- CUSTOMS is given below:   Notification No. 62/2018-CUSTOMS    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION

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Deductions and Deposits of TDS by the DDO, GST

What are the Record to be maintained by the DDO for filing of GSTR7       Guidelines for Deductions and Deposits of TDS by the DDO under GST   Section 51 of the CGST Act 2017 provides for deduction of tax by the Government Agencies (Deductor) or any other person to be notified in this regard, from the payment made or credited to the supplier (Deductee) of taxable goods or services or both, where the total value of such supply, under a contract, exceeds tw

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Shipping term HMRC (Her Majesty Revenue and Customs)- Explain

Meaning of Shipping term HMRC   Her Majesty's Revenue and Customs or HM Revenue and Customs is a non-ministerial department of the UK Government in charge of the accumulation of duties in the UK, upheld by 2 agencies and public bodies. Her Majesty's Revenue and Customs are the UK's tax, payments and customs authority, and HMRC have an indispensable reason, gather the cash that pays for the UK's open administrations and help families and people with focused monetary help. HMRC div

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CUSTOMS Notification No 61 of 2018 dated 14th September, 2018

Notification no 61/2018 Customs date on 14th September, 2018   seeks to further amend the Notification No. 73/2005 - Customs, dated the 22nd July, 2005 and Notification No. 10/2008- Customs, dated the 15th January, 2008 to bring about necessary changes as per the second protocol amending the India Singapore Comprehensive Economic Cooperation Agreement.  The extract of CUSTOMS Notification No. 61/2018- CUSTOMS is given below:   Notification No. 61/2018-CUSTOMS

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Extended due date for filing FORM GSTR-1 and FORM GSTR-3B, GST

   FORM GSTR-1 furnishing extended due date, GST   Extension of due dates for filing of FORM GSTR-1 and FORM GSTR-3B in certain cases   It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1 . Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST law. In order to encourage taxpayers to furnish FORM GSTR-1

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CUSTOMS Notification No 60 of 2018 dated 11th September, 2018

Notification no 60/2018 Customs date on 11th September, 2018   seeks to amend notification No. 158/95-Customs dated 14th November, 1995 to allow re-import of certain indigenously manufactured electronic goods, for repair and reconditioning within seven years from the date of exportation, without payment of basic customs duty subject to the condition that the goods are re­-exported back after repair and reconditioning within one year from the date of re-importation.  T

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Central Tax Notification No 51 of 2018 dt 13th September, 2018 under GST

Notification no 51/2018 Central Tax date on 13th September, 2018, GST    Seeks to bring section 52 of the CGST Act (provisions related to TCS) into force w.e.f 01.10.2018  The extract of GST Notification No. 51/2018- Central Tax is given below:     Notification No. 51/2018- Central Tax, GST [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)]Government of India   Ministry of Finance  (Depart

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Central Tax Notification No 50 of 2018 dt 13th September, 2018 under GST

  Notification no 50/2018 Central Tax date on 13th September, 2018, GST    Seeks to bring section 51 of the CGST Act (provisions related to TDS) into force w.e.f 01.10.2018  The extract of GST Notification No. 50/2018- Central Tax is given below:     Notification No. 50/2018- Central Tax, GST   [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India   Ministry of Fin

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