Practical export-import articles from the iiiEM expert team.
What Factors Affect Shipping Costs, and How Can You Save Money? A Practical Guide for Exporters and Importers Shipping cost is one of the most important factors affecting the profitability of an import-export business. Whether you are exporting products from India to the USA, importing machinery from China, or sending a small shipment to an… Read More »
What Is Most Favored Nation (MFN)? Import Duty Calculation for Indian Exporters When an Indian exporter receives an order from an international buyer, one important question is: How much import duty will the buyer pay in their country? The answer depends on several factors, including the product’s HS code, the importing country’s customs tariff, the… Read More »
Using H.S. Code effectively The Harmonized System (HS) Code is the global language of international trade, used by Customs authorities worldwide to classify goods. World Customs Organization has developed this digital language using English numbering system. More than just a number, the HS Code defines a product’s identity for determining customs duty, trade policy, regulatory… Read More »
For every exporter and Importer the Icegate website is very important. This website is also used by anyone who has transactions or documents pertaining to International Trade in India. ICEGATE stands for Indian Customs Electronic Gateway — the national digital portal of the Indian Customs under the Central Board of Indirect Taxes and Customs… Read More »
HAZMAT means Hazardous Materials—products that can pose a risk to people, property or the environment during handling, storage or transportation. For Indian exporters, identifying whether a product is hazardous is important because special packaging, labelling, documentation, approvals and transport rules may apply. What Are Hazardous Goods? Hazardous goods are generally classified under 9 UN hazard… Read More »
Detention vs Demurrage in Shipping & Logistics: Simple Guide for Exporters & Importers Detention vs Demurrage in Shipping & Logistics: Simple Guide for Exporters & Importers What Are Detention and Demurrage? When a container is used for international trade, the shipping line gives the importer or exporter a free period to use the container. If… Read More »
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