Small business ideas in India
People who intend to enter the world of business can kick-start their business with brilliant ideas. Having the youth generation, India is prospering with young talent and professional skills. The ‘Startup India’ [...]
People who intend to enter the world of business can kick-start their business with brilliant ideas. Having the youth generation, India is prospering with young talent and professional skills. The ‘Startup India’ [...]
Custom House Agent is authorized to handle the transactions of any business relating to the entry or exit of the goods/cargo at the customs station. Their function is thus in order to maintain [...]
To facilitate exports trade, various measures thus have been undertaken in order to increase the export promotions. MDA scheme is under an operation through the Department of Commerce in order to support [...]
Market Access Initiative (MAI) Scheme is one of the Exports Promotion Scheme which aims at expanding Indian exports. This scheme is thus based upon the focus product- focus country strategy in order [...]
What is EPCG? -Export Promotion Capital Goods. Where is it required? -Under Import Export in India. EPCG Scheme is regulated by the Ministry of Commerce under the Directorate.General of Foreign Trade which allows [...]
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 [...]
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 [...]
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) [...]
To import anything Import-Export Code (IEC) issued by DGFT is mandatory.It is illegal to import without the approval of DGFT. To import any product Import-Export Code (IEC) issued by Director General of Foreign Trade (DGFT) [...]