Government Benefits for Exporters The Government of India offers various schemes and incentives to exporters to boost exports, enhance competitiveness, and compensate for the duties and taxes incurred in the export process. Here are some of the major government benefits for exporters in India, with a short explanation: Duty Drawback Scheme (DBK) What it is:… Read More »
Points to Take Care of while Importing in to India Before importing one should take care of the below points for a fair and smooth import: Correct HS Code Classification The HS code determines duty rates and compliance requirements. A wrong HS code can either increase your costs or lead to customs objections. Example: Classifying… Read More »
Documents Required for COO It is important for the exporter to get clarity from the buyer (destination country) on when is the COO required, after shipment or before shipment. These documents are required for almost every CO application, regardless of whether it’s preferential or non-preferential, as they prove the commercial transaction and shipment details: Application… Read More »
Certificate of Origin (COO) What is a Certificate of Origin A Certificate of Origin (COO), often abbreviated as C/O, is an official document that certifies the country in which a product was wholly obtained, produced, manufactured, or processed. This certificate is required to accompany each shipment of the product or future shipment of the same… Read More »
Documents and Process for using GST under LUT Documents Required for LUT Under GST To apply for a LUT online registration under GST, you’ll need the following documents: LUT Cover Letter signed by an authorized person. Copy of GST Registration containing GSTIN PAN Card of entity for Identification. KYC of Authorized Person (sole Proprietor or… Read More »