Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 04 January 2019
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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Posted on 23 January 2019
Major decisions- 32 nd Goods and Service Tax Council meeting
32 nd Goods and Service Tax(GST) Council meeting held in New Delhi on 10 th January,2019, took the following major decisions.
1. Turnover Limit under Composition Scheme: The limit of annual turnover in the preceding financial year for availing composition scheme for goods shall be increased to Rs 1.5 crore. Special category States would decide, within one week, about the composition limit in their res
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Posted on 22 January 2019
Recommended developments in E-way Bill Generation
Central Board of Indirect Tax (CBIC) has proposed some improvements in E-way Bill generation. The improvements are given below.
1. Checking of duplicate generation of e-way bills based on same invoice number
The e-way bill system is enabled not to allow the consignor/supplier to generate the duplicate e-way bills based on his one document. Here, the system checks for duplicate based on the consign
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Posted on 21 January 2019
Notification no 01/2019 Central Tax date on 15th January, 2019, GST
Seeks to amend notification No. 48/2017 to amend the meaning of Advance Authorisation
The extract of GST Notification No. 01/2019- Central Tax is given below:
Notification No. 01/2019- Central Tax, GST
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
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Posted on 21 January 2019
Notification no 01/2019 Customs date on 10th January, 2019
Seeks to remove pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against Advance Authorizations and Advance Authorizations for Annual Requirement
The extract of CUSTOMS Notification No. 01/2019- CUSTOMS is given below:
Notification No. 01/2019-CUSTOMS
[TO BE PUBLISHED IN THE GAZETTE
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Posted on 19 January 2019
Notification no 01/2019 Customs(Anti-Dumping Duty) date on 4th January, 2019
Notification No. 01/2019 - Customs (ADD) dated 04.01.2019 Seeks to impose anti-dumping duty on imports of ''Methylene Chloride" originating in or exported from European Union and United States of America.
The extract of CUSTOMS (ADD) Notification No. 01/2019- CUSTOMS is given below:
Notification No. 01/2019-CUSTOMS (anti-dumping duty)
TO BE PUBLISHED IN T
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Posted on 08 January 2019
Notification no 01/2019 Customs(Non Tariff) date on 3rd January, 2019
Inclusion of Land Customs Station (LCS), Barhni in the list of LCSs from which export under claim of Duty Drawback can be made to Nepal.
The extract of CUSTOMS (N.T.) Notification No. 01/2019- CUSTOMS is given below:
Notification No. 01/2019-CUSTOMS(Non Tariff Notification)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (
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Posted on 07 January 2019
Frequently Asked Questions about E-Way Bill
1. What is an E-Way Bill?
E-Way Bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. It is generated from the GST Common Portal for E-Way Bill system by the registered persons or tra
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Posted on 07 January 2019
Notification No. 30/2018 Union territory tax (Rate) DT on 31st December, 2018, GST
Seeks to insert explanation in an item in notification No. 11/2017 – Union Territory Tax (Rate) by exercising powers conferred under section 11(3) of CGST Act, 2017.
The Extract of GST Notification No. 30/2018-Union territory tax (Rate) is Given below:
Notification No. 30/2018 – Union territory tax (Rate), GST
[TO BE PUBLISHED IN THE GAZZETE OF
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Posted on 07 January 2019
Union territory tax (Rate) Notification No. 29 of 2018 DT 31st December, 2018, GST
Notification No. 29/2018 Union territory tax (Rate) DT on 31st December, 2018, GST
Seeks to amend notification No. 13/2017- Union Territory Tax (Rate) so as to specify services to be taxed under Reverse Charge Mechanism (RCM) as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.
The Extract of GST Notification No. 29/2018-Union territory tax (R
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Posted on 07 January 2019
Union territory tax (Rate) Notification No. 28 of 2018 DT 31st December, 2018, GST
Seeks to amend notification No. 12/2017- Union Territory Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018.
The Extract of GST Notification No. 28/2018-Union territory tax (Rate) is Given below:
Notification No. 28/2018 – Union territory tax (Rate), GST
[TO BE
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