Deemed Exports in India Meaning, Benefits, and Examples In India’s foreign trade, the word “export” usually means sending goods outside the country. But India’s Foreign Trade Policy (FTP) also recognizes some special transactions within India as “exports,” even when the goods do not cross borders. These special supplies are known as Deemed Exports. Deemed Exports… Read More »
Packaging of Products Packaging is the process of wrapping, covering, or containing a product in a way that protects it, makes it easy to handle, store, transport, and present to the customer.It includes everything from the inner packing (like plastic wrap or pouches) to the outer packing (like cartons or pallets). Packaging keeps your product… Read More »
Deemed Exporter and the Exporter – Product Plastic Bottles ABC (deemed exporter /trader / manufacturer of plastic bottles) supplies bottles to XYZ, an Exporting company executing under SEZ unit in India that is notified under Foreign Trade Policy (FTP) as eligible for deemed export treatment. Step-by-step Process of Deemed Exporter to the Exporting company Enquiry… Read More »
Government benefits for importers in India are primarily focused on reducing costs (duty exemption) and enhancing efficiency (trade facilitation). Most schemes are linked to a commitment to export, but some are standalone benefits for compliance and modernization. Here are the major government benefits available to importers: 1.Advance Authorisation (for Importing Inputs Duty-Free) What it offers:… 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 »