Posted on 01 June 2022
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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Posted on 01 June 2022
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 01 July 2022
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 01 June 2022
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 01 June 2022
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 01 June 2022
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 01 June 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
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?
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Ca
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Posted on 01 June 2022
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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Posted on 01 June 2022
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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Posted on 01 June 2022
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 01 August 2022
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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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Posted on 30 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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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Posted on 01 August 2022
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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