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Post by: Arnold Thomas in Business Startup Import - Export
Valuation of Second Hand Machinery The Government of India has prescribed a methodology to import second-hand machinery from other countries. As the system evolves with new technology and the scope of import, the government has revised the procedures in a…
Post by: Arnold Thomas in Banking Import - Export
Merchanting Trade Transactions – RBI Revised Guidelines The Merchanting Trade Transactions guidelines are revised and released by RBI periodically. The latest guidelines were released on 23rd January 2020, and this article provides details on the revised guidelines of RBI notification.…
Post by: Arnold Thomas in Import - Export
Procedure to Obtain Sanitary Import Permit As per the regulations by the Ministry of Agriculture, animal products importers in India must obtain a sanitary permit at the customs gate while importing meat and its products, eggs, milk products, pet food…
Post by: Arnold Thomas in GST
GST – Goods Sent for Exhibition Due to a lot of confusion prevailing in the trade and industry about, documentation and tax applicability of goods sent/taken out of India for exhibition or on a consignment basis for export promotion, recently…
Post by: Chris John in Import - Export
APEDA Registration The Agricultural & Processed Food Products Export Development Authority, commonly known as APEDA, was established in 1985 as per the prescriptions mentioned in the Agricultural and Processed Food Products Export Development Authority Act of 1985, aimed to develop…
Post by: Shushma in Import - Export
Shipping Bill and Revised Shipping Bill Format Every exporter who is willing to export goods is required to file a shipping bill. To obtain customs clearance, the exporter is required to prepare the shipping bill. The shipping bill/bill of export…
Post by: Shushma in Import - Export
Procedure for Obtaining Import Export Code ‘Import Export Code’, most popularly known as IEC, is a 10 digit number issued by the Director General of Foreign Trade. ‘Import Export Code’ is the mandatory requirement for all the persons who are…
Post by: Bennisha in Import - Export
Letter of Credit (LC) A Letter of Credit (LC) is a document that guarantees the buyer’s payment to the sellers. Businesses widely use this assured form of payment in trade transactions. It is issued by a bank and ensures timely…
Post by: Chris John in Government Initiatives Import - Export
Trade Infrastructure for Export Scheme After the Assistance to States for Development of Export Infrastructure and Allied Activities (ASIDE) Scheme in 2015, the State Governments have urged and requested the Centre to create export infrastructure. The support from the Central…