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 Broker Examination Guidelines and list of exam centre cities

Customs Broker Examination Guidelines and list of exam centre cities     Customs Brokers Examination, 2020 scheduled to be held on 06.03.2020. The pattern of the examination for the written and oral examination will be as follows:  The written examination will be a Computer Based Examination with Multiple Choice Questions. Questions will be bilingual ie. in English and Hindi. Other details regarding the written examination are as follows:  

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CENTRAL EXCISE Notification No 02 of 2020 dated 14th February, 2020

  Notification no 02/2020 CENTRAL EXCISE date on 14th February, 2020     -Notification regarding exemption of duties of Central Excise against scrips issued under the 2% Additional ad hoc incentive for mobile phones.It may also be noted that the central excuse notification No. 02/2020 - central excuse has been mentioned as 02/2019-central Excise.  The extract of CENTRAL EXCISE Notification No. 02/2020- CENTRAL EXCISE is given below:  Notification No.

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Notification no 01/2020 CENTRAL EXCISE date on 14th February, 2020

CENTRAL EXCISE Notification No 01 of 2020 dated 14th February, 2020     Notification regarding exemption of duties of Central Excise against scrips issued under the RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector.  The extract of CENTRAL EXCISE Notification No. 01/2020- CENTRAL EXCISE is given below:  Notification No. 01/2020-CENTRAL EXCISE    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SEC

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Notification No 14/2020 Customs date on 02nd February, 2020

CUSTOMS Notification No 14 of 2020 dated 14th February, 2020     Notification regarding exemption of duties of Customs against scrips issued under the 2% Additional ad hoc incentive for mobile phones.  The extract of CUSTOMS Notification No. 14/2020- CUSTOMS is given below:   Notification No. 14/2020-CUSTOMS    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA 

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CUSTOMS Notification No 13 of 2020 dated 02nd February, 2020

  Notification No 13/2020 Customs date on 02nd February, 2020     Notification regarding exemption of duties of Customs against scrips issued under the RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector.  The extract of CUSTOMS Notification No. 13/2020- CUSTOMS is given below:   Notification No. 13/2020-CUSTOMS   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i)]&n

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CBIC introduces Machine based automated clearance of imported goods

Machine release of goods introduced by CBIC     India has been improving consistently in the World Bank’s EoDB rankings over the past 5 years and one of the key drivers has been the initiatives under Trading across Borders (TAB), where India jumped substantially from 146 to 68 in the last two years. The Government has now set the target of breaching the top 50 mark in TAB this year.   Keeping with the Government’s objective of furthering ease of doing

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CUSTOMS (ADD) Notification No 04 of 2020 dated 10th February, 2020

  Notification no 04/2020 Customs (Anti-Dumping Duty) date on 10th February, 2020      Seeks to extend anti-dumping duty on import of Acetone originating in or exported from Korea RP till 15th April, 2020 imposed vide Notification No. 05/2015-Customs(ADD) dated 18.02.2015.     The extract of CUSTOMS (ADD) Notification No. 04/2020- CUSTOMS is given below:      Notification No. 04/2020-CUSTOMS (anti-dumping duty)  

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Central Tax Notification No 06 of 2020 dt 3rd February, 2020 under GST

  Notification no 06/2020 Central Tax date on 3rd February, 2020, GST       Seeks to extend the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for the period from 01.07.2017 to 31.03.2018.  The extract of GST Notification No. 06/2020- Central Tax is given below:  Notification No. 06/2020- Central Tax, GST    [To be published in the Gazette of India, Extraordinary, Part II, Section 3,

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Basic Customs Duty Changes under Indian Budget 2020-21

Indian Budget 2020-21, BCD changes chapterwise     According to Indian Budget 2020-21, Customs duty changes are given below;   Changes in BCD rate Chapter 1 (I) BCD on Pure-bred breeding Horses falling under tariff item 0101 21 00 is being exempted by amending the notification No. 50/2017-Customs dated 30th June 2017 vide  CUSTOMS Notification No 01 of 2020 dated 02nd February, 2020 .   Chapter 2: No Change Chapter 3 (1) Vide

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Excise duty changes on tobacco products, Indian Budget 2020-21

  Indian Budget 2020-21, Central Excise Duty changes on tobacco products       Central Excise Duty changes under Chapter 24, Indian Union Budget 2020-21 As per Indian Budget 2020-21, the following Central Excise Duty changes have been declared under Excise duty changes on tobacco products under Chapter 24 .                                        

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