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 Notification No 17 of 2019 dated 15th June, 2019

  Notification no 17/2019 Customs date on 15th June, 2019   Seeks to further amend notification No. 50/2017-Customs dated 30.06.2017 to implement the imposition of retaliatory duties on 28 specified goods originating in or exported from USA and preserving the existing MFN rate for all these goods for all countries other than USA.  The extract of CUSTOMS Notification No. 17/2019- CUSTOMS is given below:   Notification No. 17/2019-CUSTOMS   [

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CUSTOMS Notification No 16 of 2019 dated 15th June, 2019

  Notification no 16/2019 Customs date on 15th June, 2019   Seeks to increase the tariff rate of customs duty on lentils, boric acid and laboratory reagents by amending First schedule to the Customs Tariff Act, 1975 under emergency powers under section 8A of the Customs Tariff Act.  The extract of CUSTOMS Notification No. 16/2019- CUSTOMS is given below:   Notification No. 16/2019-CUSTOMS   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINA

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Central Tax (Rate) Notification No 10 of 2019 dt 10th May, 2019 under GST

  Notification no 10/2019 Central Tax (Rate) date on 10th May, 2019, GST    To amend notification No. 11/ 2017- Central Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC  The extract of GST Notification No. 02/2019- Central Tax (Rate) is given below:  Notification No. 02/2019- Central Tax (Rate), GST    [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PA

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Union territory tax (Rate) Notification No. 10 of 2019 DT 10th May, 2019, GST

  Notification No. 10/2019 Union territory tax (Rate) DT on 10th May, 2019, GST   Seeks to amend notification No. 11/ 2017- Union Territory Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC.  The Extract of GST Notification No. 10/2019-Union territory tax (Rate) is Given below:    Notification No. 10/2019 – Union territory tax (Rate), GST   [TO BE PUBLISHED IN

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Integrated Tax (Rate) Notification No. 09 of 2019 DT 10th May, 2019, GST

  Notification No. 09/2019 Integrated Tax (Rate) DT on 10th May, 2019, GST   To amend notification No. 8/ 2017- Integrated Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC.    The Extract of GST Notification No. 09/2019 – Integrated Tax (Rate) is given below:                 Notification No. 09/2019 &n

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CUSTOMS (N.T.) Notification No. 33 of 2019 dated 25th April, 2019

Notification no 33/2019 Customs(Non Tariff) date on 25th April, 2019   Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019  The extract of CUSTOMS (N.T.) Notification No. 33/2019- CUSTOMS is given below:   Notification No. 33/2019-CUSTOMS(Non Tariff Notification)   [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA (EXTRAORDINARY)]  GOVERNMENT OF INDIA MINISTRY OF FINA

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CENTRAL EXCISE Notification No 01 of 2019 dated 09th April, 2019

  Notification no 01/2019 CENTRAL EXCISE date on 09th April, 2019    Seeks to further amend Notification Nos. 20/2015-Central Excise and No. 21/2015-Central Excise both dated 08.04.2015 to incorporate procedure for utilisation of paperless MEIS and SEIS scrips  The extract of CENTRAL EXCISE Notification No. 01/2019- CENTRAL EXCISE is given below:  Notification No. 01/2019-CENTRAL EXCISE     [TO BE PUBLISHED IN PART II, SECTION 3, SU

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New GST Return transition plan

Details of Transition plan to the new GST return    31 st GST Council meeting held on 22nd December decided that a new GST return system will be introduced to facilitate taxpayers. In order to ease transition to the new return system, a transition plan has been worked out. The details of the indicative transition plans are given below.    In May, 2019 a prototype of the offline tool has already been shared on the common portal to give the look and feel of th

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GST Annual Return (FORM GSTR – 9) filing last date

   Filing of Annual return in FORM GSTR-9    The last date for filing of Annual return in FORM GSTR-9 is 30 th June 2019. The trade and industry have raised certain queries with respect to filing of this Annual return which are being clarified as follows:   Information contained in FORM GSTR-2A as on 01.05.2019 shall be auto-populated in Table 8A of FORM GSTR-9 .   Input tax credit on inward supplies shall be declared from April

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GST Practitioners Examination details

Examination for GST Practitioner conducted by NACIN   Examination for confirmation of enrollment of GST Practitioners to be conducted by NACIN .   The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized vide Notification No. 24/2018-Central Tax dated 28.5.2018, 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 Service

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