Introduction to this web site.

  The information provided here is part of Export Import Training online After the exploration of information technology, the world is on our finger tips to get any piece of information. However when I went through different subjects on the web, I realized, like every thing in society, internet also carries the good and the bad. I was surprised to note that, I could not find any good quality  free tutorial program to enter in a good business  especially in

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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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Terms of Payment in Export and Import

  Click here to know latest update on  Export Benefit Schemes in India The information provided here is part of Online export import business guide course 4 Different types of terms of payment in International Trade. If we do not go in detail about definition and deep parameters, I will call this slogan – ‘ Business is money’. Although business man enjoy his day to day life in trade, if a loss occurs in business, everything collapse. So pay

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How does Letter of Credit work?

  The information provided here is part of Online Training Course on howtoexportimport Mechanism of Letter of Credit   LC is a common term used in all trade.    When talking of LC, there may have many questions among traders. What is Letter of Credit? How does Letter of Credit work? How many types of LC are there? How do these types of Letter of Credit work? Which type of Letter of credit is safe for Exporter?  Which type of LC is safe for

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Different types of Bill of Lading

 The information provided here is part of Online export import training guide    Different types of Bill of Lading:   What are the various types of Bill of Lading?   The various types of bill of lading  are given below. The details articles about each type of Bill of Lading is written in separate article.  The readers may go through each article to have a good knowledge about Types of Bill of Lading and its functions.  

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Risks and solutions in export business

 The information provided here is part of Export import business Course online   Risks and solutions in export business   As you know in any business, there are some risks involved. Any business personnel’s duty is to resolve the risks. Let us discuss about some major risks in Export business and how to solve each of them. This information helps you to have more confidence in running an export business or working with an export organization. The m

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Consignee To Order in Bill of Lading

  The information provided here is part of Online export import training guide    TO ORDER’ BILL OF LADING – More facts The term ‘To order’, ‘To the Order’, ‘To the Order of’, ‘To the order of Bank’ in Bill of Lading – These are the general terms mentions in a Bill of Lading/Airway Bill to hold title of goods in international business. If you see a Bill of Lading or Airway Bill where in con

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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 an exporte

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How to import to USA?

  Import Licence process required in USA   This post explains about step by step procedures that need to be finished with USA government authority for importation to USA.   How to import to USA? What are the import procedures in USA to move goods?  Explain about import registration process, cargo movement to USA from overseas countries, Import delivery process in USA etc.   U.S. Customs and Border Protection, or CBP, was born as an agency of the

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Step by step procedures to export from UAE

How to export from UAE?   This post explains about step by step procedures that need to be finished with UAE government authority for exportation from UAE. How to export from UAE? What are the export registration procedures, export customs process, export cargo movement methods in UAE?   The United Arab Emirates, simply called the Emirates is a federal absolute monarchy sovereign state. The country is a federation of seven emirates; they are Abu Dhabi (which serves

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How to export from India to Taiwan?

Complete flow of exportation from India to Taiwan   What is the step by step way to send goods from India to Taiwan? How to export from India?   What is the process to be followed in India to export to Taiwan?  Procedures of export certification, registration, customs formalities etc to export from India to Taiwan.   There are many types of goods exported from India to Taiwan.  The export formalities and procedures are usually common in almost all

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RBI directions on Imports and Exports in India

Banking regulations on Exports and Imports in India   Click below to read: RBI guidelines which every Exporter need to read RBI guidelines which every Importer need to read Foreign Exchange Management Act 1999 (42 of 1999) allows  import and export goods and services as per  Foreign Exchange Management (Current Account Transaction) Rules, 2000, vide Notification GSR 381E dated 03 rd May, 2000.  These Regulations are amended fr

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Mention year of Inco Terms under Sale contract

  Inco Terms for movement of goods is revised as Incoterms 2020.  The importers and exporters are suggested to use the latest version .  Click here to read the contents of Inco Terms 2020 . Why Year of Inco Terms to be mentioned in Sale Contract?   As long as, the relationship between buyer and seller continues well, no issue on the transaction.  However, if dispute arises, the sale contract plays a vital role on each terms and conditions

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Difference between Omni model Inco Terms and Marine Restricted

Omni model Inco Terms  Vs. Marine Restricted Inco Terms   As explained separately under different posts in this website, OMNI MODEL INCO TERMS are used for any modes of transport – Air, Sea and Land where in MARINE RESTRICTED INCO TERMS are used for the movement of goods under Sea and water ways.  Here one question arises – whether marine restricted inco terms can be used for movement of goods by air or land.   Kindly note, Inco terms are r

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Do Inco Terms rules talk about payment of goods?

Any functions on payment of goods under Inco Terms?   The Inco terms explains about movement of goods from one place to another.  Inco terms designed by ICC elaborates ;  who arranges carriage,  export customs clearance, documentation on exports, main carriage, import documentation, import customs clearance, duties and taxes payment,  insurance of the goods,  defining the meaning delivery under movement of goods, risks and costs sharing between buyer a

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DPU and FOB under Inco terms 2020

FOB vs. DPU under delivery rules for movement of goods   Delivered at Place Unloaded to a named place and Free On Board  at a named place are the two of eleven delivery rules for movement of goods under Incoterms 2020. Let us compare both DPU and FOB delivery terms under Inco terms First of all, FOB rule is meant for movement of goods  on waterways, as it is known as Marine restricted mode of transport  whereas DPU rule  may be used for  move

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12 Advantages of FOB terms for Buyer

How do Importers benefit under FOB delivery rules? Let us discuss here the advantages for importer when agreeing contract of carriage as FOB.  Here are the 12 benefits for importers under FOB delivery terms:   01. Comparatively with most of the delivery rules to move goods from seller’s place to buyer’s place, the risks of buyer is high thereby he keeps more profit margin against the export sales under FOB delivery terms. This is an advantage for importe

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DDP delivery terms, 08 disadvantages to Importer

Demerits under DDP terms of delivery to buyer Here we discuss about the challenges faced by an importer when he handles DDP delivery terms.  What are those disadvantages to a buyer under DDP terms? Let us discuss those demerits one by one below: 01.One of the main drawbacks for importer under DDP delivery terms is that the buyer has very less role only in movement of goods to reach him from the seller’s place.  So from the point of view of a business, he

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Import and Export Restrictions and Prohibitions in India, 2023

  Export and Import Prohibitions and restrictions in India 2023 The below information is about Import restrictions as per Indian Customs Law, Export restrictions under Customs Law of India, Export prohibitions as per Indian Customs Law and  Import prohibitions under Indian Customs Law explained under Indian Customs Manual  updated as on 31 st December, 2022 and published in 2023 by Central Board of Indirect taxes and Customs, Government of India. Import and Export Rest

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How to consolidate cargo in India, Customs manual 2023 explains

Customs Manual 2023 explains procedures and formalities about Consolidation of Cargo in India How to consolidate import Cargo? What is the process of consolidation of export cargo? How to handle international shipments of LCL cargo in India ports? How to handle consolidated LCL containers in India? The following information enlighten about the Procedure for consolidation of import cargo, Procedure for consolidation of export cargo and International transshipment of LCL containers

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Complete guidelines on Duty Drawback in India 2023

  Indian Customs Manual 2023 explains DUTY DRAWBCK in detail   Process in India about Drawback on re-export of imported goods Duty drawback on export of manufactured goods Procedure for claiming Duty Drawback Supplementary claim of Duty Drawback Limitations on admissibility of Duty Drawback Monitoring of realization of export proceeds Other aspects relating to Duty Drawback: Implementation of RMS for processing of Duty Drawback claims

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CUSTOMS (N.T.) Notification No 10 of 2024 dated 1st February, 2024

    Notification no 10/2024 Customs(Non Tariff) date on 1st February, 2024   Exchange Rate Notification No. 10/2024-Cus (NT) dated 01.02.2024-reg  The extract of CUSTOMS (N.T.) Notification No. 10/2024- CUSTOMS is given below:   Notification No. 10/2024-CUSTOMS(Non Tariff Notification)     GOVERNMENT OF INDIA  MINISTRY OF FINANCE  DEPARTMENT OF REVENUE  CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Not

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Central Tax Notification No 05 of 2024 dt 30th January, 2024 under GST

   Notification no 05/2024 Central Tax date on 30th January, 2024, GST    Amendment in Notification No. 02/2017-CT dated 19th June, 2017.  The extract of GST Notification No. 05/2024- Central Tax is given below:  Notification No. 05/2024- 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  (DEPARTMENT OF REVENUE) 

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CUSTOMS Notification No 09 of 2024 dated 30th January, 2024

    Notification No 09/2024 Customs date on  30th January, 2024     Seeks to amend Notification No. 57/2017-Customs dated 30.06.2017 so as to change the applicable BCD rate on specified parts/sub-parts of cellular mobile phone  The extract of CUSTOMS Notification No. 09/2024- CUSTOMS is given below:  Notification No. 09/2024-CUSTOMS     [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SEC

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Notification No 08/2024 Customs date on 30th January, 2024

CUSTOMS Notification No 08 of 2024 dated 30th January, 2024     Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017  The extract of CUSTOMS Notification No. 08/2024- CUSTOMS is given below:  Notification No. 08/2024-CUSTOMS     [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA  MINISTRY OF FINANCE  (Department of Revenue)  NOTIFICAT

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CUSTOMS Notification No 07 of 2024 dated 29th January, 2024

  Notification No 07/2024 Customs date on  29th January, 2024     seeks to amend various notifications in order to extend the validity of exemptions lapsing on 31st march 2024 up to 30th September, 2024  The extract of CUSTOMS Notification No. 07/2024- CUSTOMS is given below:  Notification No. 07/2024-CUSTOMS   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)] GOVERNMENT OF INDIA&nb

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CUSTOMS Notification No 06 of 2024 dated 29th January, 2024

    Notification No 06/2024 Customs date on  29th January, 2024     seeks to amend 50/2017-Customs in order to extend the validity of exemptions lapsing on 31st march 2024 up to 30th September, 2024  The extract of CUSTOMS Notification No. 06/2024- CUSTOMS is given below:  Notification No. 06/2024-CUSTOMS    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(i)]  GOVERNMENT OF

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Notification no 04/2024 CENTRAL EXCISE date on 25th January, 2024

    CENTRAL EXCISE Notification No 04 of 2024 dated 25th January, 2024     Seeks to amend No. 11/2017-Central Excise, dated the 30th June, 2017 to extend the applicable date for levy of additional duty on unblended diesel from 1st april, 2024 to 1st april, 2025.  The extract of CENTRAL EXCISE Notification No. 04/2024- CENTRAL EXCISE is given below:  Notification No. 04/2024-CENTRAL EXCISE    [TO BE PUBLISHED IN THE GAZETTE

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CENTRAL EXCISE Notification No 03 of 2024 dated 15th January, 2024

   Notification no 03/2024 CENTRAL EXCISE date on 15th January, 2024     Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.  The extract of CENTRAL EXCISE Notification No. 03/2024- CENTRAL EXCISE is given below:  Notification No. 03/2024-CENTRAL EXCISE    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-

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CUSTOMS (N.T.) Notification No 09 of 2024 dated 31st January, 2024

    Notification no 09/2024 Customs(Non Tariff) date on 31st January, 2024   Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg  The extract of CUSTOMS (N.T.) Notification No. 09/2024- CUSTOMS is given below:   Notification No. 09/2024-CUSTOMS(Non Tariff Notification)     [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]  Government of India

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Notification no 08/2024 Customs(Non Tariff) date on 24th January, 2024

  CUSTOMS (N.T.) Notification No 08 of 2024 dated 24th January, 2024     Notification under Section 28A of Customs Act, 1962 for Non-Levy of Customs Duty on the import of hearables for the period 01.02.2022 to 27.04.2023-Reg.  The extract of CUSTOMS (N.T.) Notification No. 08/2024- CUSTOMS is given below:   Notification No. 08/2024-CUSTOMS(Non Tariff Notification)  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3

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