Who gets benefits from this website?

    // 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 working with shipping and freight forwarding companies. … Continue reading »



Types of Insurance Documents.

  //   How many types of Insurance documents are there? When to insure export import cargo? What are the reasons to insure import export cargo? How to insure export cargo? There are three types of insurance documents: (a) Insurance Policy: The insurance policy sets out all the terms and conditions of the contract between the insurer and insured. (b) Certificate of Insurance: It is an evidence of insurance but does not set out the terms and condit … Continue reading »



How to get IMPORT EXPORT CODE (IEC) NUMBER

  What is IEC code  and How to obtain Import Export Code number?   I have explained briefly about Import Export Code number under my article  - How to set up an export import firm in India.  However, some of the readers need more clarifications about IE code and here,  I have included their doubts about IEC number explain below about Import Export Code number in detail.   What is IE CODE number used in Export Import business? IEC Stands for … Continue reading »



How to settle dispute in International Business of Import and Export

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? But is it that much simple in an international trade? I will say ‘YES’ depends up on how fas … Continue reading »



How to start an export import firm in India Part 3

Learn Import Export trade free by online – Click here How to set up an export import firm in India Part 3 This article is a continuation of my two articles about setting up an Export Import firm in India. If you have not read out those articles, please read below: How to set up an export import firm in India – Part 1 How to set up an export import firm in India – Part 2 Let us continue with the procedu … Continue reading »



12 Major risks and solutions in Imports and Exports

  Risks and solutions in International Business   This article enlightens you about the various types of risks involved in international business. I have written a couple of articles about the risks and solutions in international trade. However, this article explains in detail about the risks and solutions in import export business.   Business always has risk. Right? Risk is one of the hindrances under business. I believe, removal hindrances is success of b … Continue reading »



Harmonized System Codes (HS codes) Chapter 01 to 97

      . Harmonized System Codes (HS codes) Chapter 01 to 97 .   Chapter 1 LIVE ANIMALS Chapter 02 MEAT & EDIBLE MEAT OFFAL Chapter 03 FISH & CRUSTACEANS Chapter 04 DAIRY, EGGS, HONEY, & ED. PRODUCTS Chapter 05 PRODUCTS OF ANIMAL ORIGIN Chapter 06 LIVE TREES & OTHER PLANTS Chapter 7 EDIBLE VEGETABLES Chapter 08 ED. FRUITS & NUTS, PEEL OF CITRUS/MELONS Chapter 9 COFFEE … Continue reading »



Service Tax changes in Indian Budget 2014

  Click here to go back to INDIAN BUDGET 2014-2014 highlights Click here to read complete notification on Service Tax under new Indian Union Budget 2014 with amendments.     The extract of above notification is given under:   Page 1 of 15   Government of India Ministry of Finance Department of revenue Tax Research Unit *** M. Vinod Kumar Joint Secretary (Tax Research Unit) Tel: 011-23093027; Fax: 011-23093037 e-mail: m.ku … Continue reading »



Indian Union Budget 2014-2015, highlights on import and export duties

      Indian Union Budget 2014-2015 Major changes on import and export duties   HS Codes (CTH codes) Chapter 01 to 07 no change HS Codes (CTH codes) Chapter 08 Import duty changes for Raisins   HS Codes (CTH codes) Chapter 09 to 14 no change HS Codes (CTH codes) Chapter 15,29 and 38 Changes of import duty on fatty acids, crude palm stearin e … Continue reading »



What is crystallization of export bills? How does delinking of export bills work?

What is crystallization of export bills?   In this article, let me explain about crystallization of export bills. What is crystallization or delinking of export bills, how does crystallization of export documents work, what would be the impact of crystallization of export bills to exporter?   What is crystallization of export bills by bank?   As you know, once after shipping of goods, most of the exporters discount or nego … Continue reading »



Period of post shipment credit to exporters

Period of  post shipment credit to exporters with bank   As mentioned in earlier posts, post shipment finance is given by bank to exporters on the basis of export bills on collection /discounting/negotiation.  The post shipment finance is provided to exporters with low rate of interest.  The amount of post shipment loan is liquidated by the payment of export bills received from overseas buyer in respect of invoice value of goods exported or services rendered … Continue reading »



What is post shipment credit to exporters?

  Post shipment credit to exporters   In this article,  the details about post shipment finance credit to exporters is explained.  This post also describes about various types of post shipment finance provided by bank with the guidelines of reserve bank.  Post shipment credit is extended to exporters by bank with low interest rate till realization of their export proceeds. Post shipment loan helps exporters to get finance without waiting amoun … Continue reading »



Bank Packing credit to exporters of Floriculture, Grapes and Other Agro-based Products

  Are exporters of Floriculture, Grapes and Other Agro-based Products eligible for pre shipment finance? This post explains about the pre shipment finance provided by banks to help exporters of grapes,floriculture and other similar agro based products.   Packing credit can be availed from bank for exporters of grapes, floriculture and other similar agro based products to purchase cut-flowers etc. and all post-harvest expenses incurred for making shipment. … Continue reading »



Are Construction contractors eligible for Packing credit?

Pre shipment credit  to Construction Contractors Are Construction contractors eligible for Packing credit? Yes, construction contractors are eligible for pre shipment finance from bank subjected  to terms and conditions. In this article the details of packing credit to construction contractors are described.  Please read below the extract of circular issued by reserve bank about the packing credit loan to construction contractors: … Continue reading »



Conditions of Bank to provide Export Packing Credit to Sub-Suppliers

Export Pre shipment credit to Sub-Suppliers In this article, the terms and conditions to provide export packing credit to sub suppliers are  described.  The extract of RBI circular is given below: Packing credit can be shared between an Export Order Holder and sub-supplier of raw materials, components etc. of the exported goods as in the case of EOH and manufacturer suppliers, subject to the following: (a) Running Account facility is not contemplated und … Continue reading »



Packing credit pre shipment finance to suppliers for exports through other export agencies

Packing credit pre shipment finance to suppliers for exports through other export agencies, State Trading Corporation,MMTC etc. Banks may grant export packing credit to manufacturer suppliers who do not have export orders/letters of credit in their own name and goods are exported through the State Trading Corporation/Minerals and Metal Trading Corporation or other export houses, agencies etc. Such advances will be eligible for refinance against terms and condit … Continue reading »



Bank Running Account Facility for Exporters

Bank Running Account Facility for Exporters As I have mentioned in previous article about packing credit under Pre shipment finance by bank, the exporter is given such loan on procuring raw materials, manufacturing,processing or packing of goods before shipment.   In many cases, the exporters have to procure raw material, manufacture the export product and keep the same ready for shipment, in anticipation of receipt of letters of credit / firm export orders from t … Continue reading »



How is packing credit/pre shipment finance be liquidated?

How is packing credit/pre shipment finance be liquidated? Normally the packing credit / pre-shipment credit granted to an exporter is liquidated out of proceeds of bills drawn for the exported commodities on its purchase, discount etc., thereby converting pre-shipment credit into post-shipment credit. Further, subject to mutual agreement between the exporter and the banker it can also be repaid / prepaid out of balances in Exchange Earners Foreign Currency A/c (EEFC A/c) as also from … Continue reading »



Bank Pre shipment Finance to exporters

Bank Pre shipment Finance to exporters   I have written about Packing credit/Pre shipment credit, where in I have explained basic idea about Pre shipment Finance provided by bank.   What is Pre shipment loan? Any advance or loans or any credit extended to exporters by bank for the purpose of manufacturing,procuring,processing or packing of goods before shipment can be called Pre-Shipment finance. Pre shipment finance is also given as working capital expenses toward … Continue reading »



Withdrawn CVD exemption on portable X-ray machine / system, Budget 2014

  Withdrawn CVD exemption on portable X-ray machine / system, Budget 2014 CVD exemption on portable X-ray machine / system is being withdrawn. S.No.20 of notification No.39/96-Customs, dated 23rd July, 1996 as amended by notification No.20/2014-Customs, dated 11th July, 2014 and notification No.12/2012-Customs, dated 17th March, 2012 as amended by notification No.12/2014-Customs, dated 11th July, 2014 [new S.No.490A] refer.       Click here t … Continue reading »



   
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Most Recent Articles
» Period of post shipment credit to exporters
» What is post shipment credit to exporters?
» Bank Packing credit to exporters of Floriculture, Grapes and Other Agro-based Products
» Are Construction contractors eligible for Packing credit?
» Conditions of Bank to provide Export Packing Credit to Sub-Suppliers
» Packing credit pre shipment finance to suppliers for exports through other export agencies
» Bank Running Account Facility for Exporters
» How is packing credit/pre shipment finance be liquidated?
» Bank Pre shipment Finance to exporters
» What is crystallization of export bills? How does delinking of export bills work?
 
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