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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Central Tax Notification No 09 of 2020 dt 16th March, 2020 under GST

  Notification no 09/2020 Central Tax date on 16th March, 2020, GST      Seeks to exempt foreign airlines from furnishing reconciliation Statement in FORM GSTR-9C  The extract of GST Notification No. 09/2020- Central Tax is given below:  Notification No. 09/2020- 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&nb

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CUSTOMS Notification No 15 of 2020 dated 13th March, 2020

  Notification No 15/2020 Customs date on 13th March, 2020      Seeks to amend notification No. 18/2019-Customs dated 6th July, 2019 so as to increase effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of customs on petrol and diesel by Rs. 1 per litre.  The extract of CUSTOMS Notification No. 15/2020- CUSTOMS is given below:   Notification No. 15/2020-CUSTOMS    [TO BE PUBLISHED IN THE GAZETT

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Notification no 04/2019 CENTRAL EXCISE date on 13th March, 2019

  CENTRAL EXCISE Notification No 04 of 2019 dated 13th March, 2019      Seeks to amend notification No. 04/2019-Central Excise dated 6th July, 2019 so as to increase effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of excise on petrol and diesel by Rs. 1 per litre.  The extract of CENTRAL EXCISE Notification No. 04/2019- CENTRAL EXCISE is given below:  Notification No. 04/2019-CENTRAL EXCISE   [TO BE

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CENTRAL EXCISE Notification No 03 of 2019 dated 13th March, 2019

    Notification no 03/2019 CENTRAL EXCISE date on 13th March, 2019     Seeks to amend notification No. 05/2019-Central Excise dated 6th July, 2019 so as to increase effective rate of Special Additional Excise Duty (SAED) on petrol and diesel by Rs. 2 per litre.  The extract of CENTRAL EXCISE Notification No. 03/2019- CENTRAL EXCISE is given below:  Notification No. 03/2019-CENTRAL EXCISE   [TO BE PUBLISHED IN THE GAZETTE OF INDIA

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CUSTOMS (ADD) Notification No 06 of 2020 dated 12th March, 2020

  Notification no 06/2020 Customs (Anti-Dumping Duty) date on 12th March, 2020      Seeks to amend notification No. 07/2015-Customs (ADD) dated 13th March 2015 so as to extend anti-dumping duty on "Sheet Glass" originating in or exported from China PR.     The extract of CUSTOMS (ADD) Notification No. 06/2020- CUSTOMS is given below:      Notification No. 06/2020-CUSTOMS (anti-dumping duty)    [TO BE PUBLI

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CUSTOMS (N.T.) Notification No. 24 of 2020 dated 13th March, 2020

  Notification no 24/2020 Customs(Non Tariff) date on 13th March, 2020     Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.  The extract of CUSTOMS (N.T.) Notification No. 24/2020- CUSTOMS is given below:   Notification No. 24/2020-CUSTOMS(Non Tariff Notification)     [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3,

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CUSTOMS (ADD) Notification No 05 of 2020 dated 7th March, 2020

  Notification no 05/2020 Customs (Anti-Dumping Duty) date on 7th March, 2020    Seeks to impose anti-dumping duty on imports of 'Chlorinated Polyvinyl Chloride (CPVC) Resin- whether or not further processed into compound' originating in or exported from China PR and Korea RP.     The extract of CUSTOMS (ADD) Notification No. 05/2020- CUSTOMS is given below:      Notification No. 05/2020-CUSTOMS (anti-dumping duty)  &n

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Changed GST rate on Mobile Phones and parts

Increased GST rate on Mobile Phones and parts      GST rate on Mobile Phones and specified parts has been changed as per GST council meet held on 14th March, 2020.  The details of changed GST rate on Mobile Phones and specified parts is as follows:    Latest GST rate on Mobile Phones and specified parts    To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%.   GST rate before 01st Apr

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GST Law and procedure related changes, 39th GST Council Meeting

39 th GST Council Meeting, Law and Procedure related changes   39 th GST Council meeting held on 14 th March,2020 at New Delhi, has made the following recommendations on GST Law and procedure    1 .      Measures for Trade facilitation:   Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively). Where registrations have been cancel

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GST rate changes on supply of goods and services, 39th GST Council Meeting

Changes in GST rate on supply of goods and services, 39 th GST Council Meeting     39 th GST Council meeting held on 14 th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and services.    The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the

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