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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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 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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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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How to calculate CBM in LCL export shipments:

 The information provided here is part of Online Training Course on howtoexportimport   How to calculate CBM in LCL export shipments Method of calculation of CBM under LCL shipment   In this article let us learn Calculation of CBM under LCL sea shipment. Why to measure LCL shipment? How to calculate volume of cargo under sea LCL shipment? What is the importance of calculation of volume of cargo under LCL shipment?   //   Ca

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Difference between mother vessel and feeder vessel

 The information provided here is part of Online export import business guide course   MOTHER VESSEL Vs. FEEDER VESSEL What is Feeder Vessel? What is the size of a Feeder Vessel? How does Feeder Vessel serve?  How to differentiate Mother Vessel between Feeder Vessel? What is the capacity of a Mother Vessel? How does Mother Vessel serve? Feeder vessel and Mother vessels are part of vessel carrying network FEEDER VESSEL   Feeder vessel

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Documentation procedures on high sea sale.

  The information provided here is part of Export Import Training online Documentation procedures on high sea sale. What are the documentation required und a high sea sale? I have written a couple of articles about High Sea Sale in this web blog. You may kindly go through the same also to have clear idea about documentation formalities under High Sea Sale – HSS. Documentation procedures under high sea sale. All documents need to be mentioned as ‘on

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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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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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Banking guide for Exporters in India

  RBI guidelines which every Exporter need to read   Foreign Exchange Management Act 1999 (42 of 1999) allows  export of 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 from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.  Within the contours of the Regu

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Banking guide for Importers in India

RBI guidelines which every Importer need to read Foreign Exchange Management Act 1999 (42 of 1999) allows  import of 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 from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.  Within the contours of the Regulations, Rese

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GST rate changes with effect from 18th July,2022

    Revised GST rate with effect  from 18 th July,2022   47th GST Council meeting held on 29 th  June, 2022 took following decisions relating to changes in GST rates on supply of goods and services. Rate rationalization to remove inverted duty structure GST rate changes on Supply of Goods Sl No Descrption Existing Rate New Rate 1. Printing, writing or drawing ink 12%

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Banking process on Import of currencies not having direct exchange rates

  IMPORT OF CURRENCIES NOT HAVING DIRECT EXCHANGE RATE - DIRECTIONS FROM RBI IN INDIA According to Reserve Bank of India update as on 31st May, 2022, the directions on  IMPORT OF CURRENCIES NOT HAVING DIRECT EXCHANGE RATE - DIRECTIONS FROM RBI IN INDIA is given below:  C.16. Settlement of Import transactions in currencies not having a direct exchange rate To further liberalize the procedure and facilitate settlement of import transactions where the invoicing

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Bank process on Import related payment through OPGSPs in India

  OPGSPs - Payments related  to Imports in India   According to Reserve Bank of India update as on 31st May, 2022, the directions on OPGSPs Payments related  to Imports in India  is given below:  C.15. Processing of import related payments through Online Payment Gateway Service Providers (OPGSPs) AD Category-l banks have been permitted to offer facility of payment for imports of goods and software of value not exceeding USD 2,000 by enterin

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Banking regulations to Merchant Importers in India

Bank rules for Merchant Exporters in India According to Reserve Bank of India update as on 31st May, 2022, the directions on Banking regulations to Merchant Importers in India is given below:  C.14. Merchanting Trade C.14.1. AD banks may handle the Merchanting Trade Transactions (MTT) subject to the following guidelines: For a trade to be classified as merchanting trade, goods acquired shall not enter the Domestic Tariff Area. Considering that in so

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Bank process on Import factoring, import of precious metals, silver, platinum to India

Import of Precious metals, silver, platinum - Bank formalities in India Bank process on Import Factoring   According to Reserve Bank of India update as on 31st May, 2022, the directions on Bank process on Import factoring, import of precious metals, silver, platinum to India  is given below:  C.12. Import of Other Precious Metals C.12.1. Import of Platinum/ Palladium/ Rhodium/ Silver/ Rough, Cut & Polished Diamonds/ Precious and Se

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How does Banks in India regulates by operating on import of Gold

Exporting Gold to India?  - Bank operations in India   According to Reserve Bank of India update as on 31st May, 2022, the directions on How does Banks in India regulates by operating on import of Goldis given below:  C.11 Import of Gold C.11.1 Import of Gold. i. The 20:80 scheme of import of gold was withdrawn on November 28, 2014. However, the obligation to export under the 20:80 scheme would apply to the unutilised gold imported before November 28, 2014

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Banking method to verify and preserve of documents under Imports in India

Bank formalities in India on preserve of documents under Exports to India According to Reserve Bank of India update as on 31st May, 2022, the directions on Banking method to verify and preserve of documents under Imports in India is given below:  C.9. Verification and Preservation (i) Internal inspectors and IS auditors (including external auditors appointed by AD Category – I bank) should carry out verification and IS audit and assurance of th

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