Practical export-import articles from the iiiEM expert team.
Reciprocal Tariff A reciprocal tariff is a tax or trade restriction that one country places on another in response to similar actions taken by that country. The idea behind reciprocal tariffs is to create balance in trade between nations. If one country raises tariffs on goods from another, the affected country might respond by imposing… Read More »
A new topic for discussion, tariffs, has been in all news and debates also on social media and in print media. What is this Tariff and how does it work? Let us understand this. Tariffs have historically been implemented by nations as a way to protect their home products from being underpriced by foreign competition.… Read More »
Understanding Advanced Authorization (AA) and Duty Free Import Authorization (DFIA) In international trade, reducing production costs and enhancing competitiveness are crucial for exporters. The Indian government offers schemes like Advanced Authorization (AA) and Duty-Free Import Authorization (DFIA) to facilitate duty-free import of raw materials, components, or capital goods required for manufacturing export products. These schemes… Read More »
Steps Taken by GoI after 50% tariff by the USA After the 50% tariff by USA on Indian goods, the government of India has taken several steps to help ease the exporters’ burden, losses and perils. Let us view the steps and measures taken by the GoI: The Government has brought in GST 2.0… Read More »
In 2025, the global trade landscape was once again thrown into turmoil as the United States initiated a fresh wave of tariff hikes on several major trading partners, including Mexico, Canada, and China. This escalation of protectionist policies has sent shockwaves across international markets, reviving fears of a prolonged trade war and economic instability. The… Read More »
Gold Imports in India contribute a significant value to the economy. There are import duties that the Indian government imposes on gold. These duties were increased to decrease the gold import as India imports tons of gold for personal use. Gold prices in India shot up immediately as soon as the government announced the hike.… 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 »
Customs Duty Customs Duty is an indirect tax imposed by the government on goods when they are transported across international borders. It is a tool used not just for collecting money, but for shaping a country’s economic landscape. Why is Customs Duty Levied? The government applies these taxes for four main strategic reasons: Protection of… Read More »
On what basis is the Customs Duty Calculated? The final amount of duty payable is calculated based on the product’s classification (HS Code), value (typically CIF – Cost, Insurance, and Freight), and the country of origin, all of which are factored according to the Customs Tariff Act, 1975 and the Customs Act, 1962. Importers can use online tools… Read More »
Many importers assume customs duty is a fixed cost that cannot be changed—but that’s one of the most expensive myths in international trade. In reality, a large part of the duty you pay depends on decisions made before the goods even leave the supplier’s factory. From choosing the right HS code and country of origin… Read More »
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