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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Customs Tariff Notification for fixation of Tariff Value of Poppy Seeds, Areca Nut, Gold, Sliver

  Notification for fixation of Tariff Value of Edible oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold, Sliver    CUSTOMS (N.T.) Notification No 92 of 2018 dated 15th November, 2018  Notification no 92/2018 Customs(Non Tariff) date on 15th November, 2018  The extract of CUSTOMS (N.T.) Notification No. 92/2018- CUSTOMS is given below:   Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut

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Explain Caribbean Basin Initiative (CBI)

Caribbean Basin Initiative (CBI) beneficiary countries   The trade programs known collectively as the Caribbean Basin Initiative (CBI) remain a vital element in the United States’ economic relations with its neighbour’s in Central America and the Caribbean. The CBI is intended to facilitate the economic development and export diversification of the Caribbean Basin economies. The Caribbean Basin Economic Recovery Act of 1983 (CBERA), provides duty free entry of textile go

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Bonded warehouse - Explain

What is Bonded warehouse   Meaning of Bonded warehouse. what are the benefit of Bonded warehouse. Bonded Warehouse is a warehouse authorized by Customs authorities for storage of goods on which payment of duties is deferred until the goods are removed. When goods enter a bonded warehouse, both the importer and the warehouse proprietor incur financial and legal liability under a bond.    The concept of custom Bonded Warehousing has been promoted with a view to

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Waybill – Explain

What is  way bill   Waybill is a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods. It will show the names of the consignor and consignee, the point of origin of the consignment, its destination, description of shipment, weight and freight and route. Most freight forwarders and trucking companies use an in-house waybill called a house bill. These contain conditions of contract of carriage terms on the back of the for

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Central Tax Notification No 61 of 2018 dt 5th November, 2018 under GST

  Notification no 61/2018 Central Tax date on 5th November, 2018, GST    Seeks to exempt supply from PSU to PSU from applicability of provisions relating to TDS.  The extract of GST Notification No. 61/2018- Central Tax is given below:  Notification No. 61/2018- 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  (D

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GST practitioners exam date and syllabus

  GST practitioners examination enrolment    The first examination for such GSTPs has just been led on 31.10.2018. The next examination for them will be conducted on 7.12.2018   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, 20

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CUSTOMS Notification No 77 of 2018 dated 1st November, 2018

  Notification no 77/2018 Customs date on 1st November, 2018   Seeks to further postpone the implementation of increased customs duty on specified imports originating in USA from 2nd November, 2018 to 17th December, 2018   The extract of CUSTOMS Notification No. 77/2018- CUSTOMS is given below:   Notification No. 77/2018-CUSTOMS   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]   GO

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Central Tax Notification No 60 of 2018 dt 30th October, 2018 under GST

   Notification no 60/2018 Central Tax date on 30th October, 2018, GST   Seeks to make amendments (Thirteenth Amendment, 2018) to the CGST Rules, 2017.  The extract of GST Notification No. 60/2018- Central Tax is given below:  Notification No. 60/2018- 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  (Depart

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Whether products sent by a taxable person to a job worker be treated as supply and will they be liable to GST?

Whether products sent by a taxable person to a job worker be treated as supply and will they be liable to GST? No, the products sent by a taxable person to a job worker is not a supply, as there is no transfer of title and no consideration for the products is involved. In terms of section 143 of the CGST Act, 2017 a registered taxable person (the principal), after following the prescribed procedure, may send any inputs or capital goods, without payment of GST, to a job worker for job work a

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Is Exports of software services draw in GST?

Is Exports of software services attracting GST   Exports and supplies to SEZ units and SEZ developers are zero-rated in GST. Zero-rating effectively means that no tax is payable on exports but the exporter/supplier is entitled to the input tax credit on inputs/input services used in relation to exports.  The exporters have two choices for zero rating, which are as per the following: 1. To pay integrated tax on supplies meant to be exported and get refund of tax so paid af

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