Importing goods in India requires the furnishing of certain documents and then acquiring licenses for customs clearance. Since various goods are imported in India and the documents vary from one good to [...]
We can call this move as a ‘Happy Go’ initiative taken by the Indian government for all the importers and exporters. Adopting Integrated Customs System and eliminating paperwork will be a revolution [...]
In addition to Seven Central Government Special Economic Zones (SEZs) and 11 State/Private Sector SEZs which were set-up prior to the enactment of the SEZ Act, 2005, formal approval has also been [...]
The customs clearance for commercial cargo refers to the process that involves the clearing' of goods through the customs barriers for importers and the exporters (usually businesses). This process however involves the [...]
Metal Scrap is an essential commodity as it enjoys a huge demand for the purposes of both production and recycling. It has a prime importance in the construction industry and the market [...]
Pre-shipment inspection (PSI) ensures quality and quantity maintenance of cargo that clients deal with in import-export business. It ensures that the production complies with the specifications as mentioned in a purchase order [...]
Non-adherence to the rules and regulations of international trade will give rise to the legal dispute. Unethical commercial dealings like sub-standard quality affect trade relations. Settlement of dispute must be given primacy [...]
Uniform Customs and Practice for Documentary Credits regulates the rules for Letter of Credit. A letter of Credit is a document which is issued from bank giving an assurance to Beneficiary (Seller) [...]
When an exporter deals with the foreign buyers, he should always be prepared in order to provide samples of his products. Promotional measures are always beneficial for a healthy start. It thus depends [...]
In the era of globalisation, import-export business has become an integral part of commercial life. In order to reach the masses, an entrepreneur must enter into an import-export business. Right product finds [...]
