Practical export-import articles from the iiiEM expert team.
Mistakes in Export Documentation: How They Affect Buyer Payments and Government Benefits in India A small error in an export document can create a big problem. A mismatch in the invoice number, shipping bill, product details, quantity, value, GSTIN or bank account may delay payment from the overseas buyer. It can also hold up an… Read More »
Sample Order vs. Trial Order in Export: Key Differences and When to Use Each What Is a Sample Order in Export? A sample order is a small quantity of a product supplied to a prospective buyer so that they can evaluate its quality, specifications, appearance, functionality or suitability before placing a larger order. A sample… 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 »
Export Compliances – what are Exit & Entry Compliances What Is Export Compliance? Export compliance means meeting all the legal, regulatory, documentation and product requirements involved in sending goods from one country to another. For an Indian exporter, compliance has two sides: Exit Compliance – India: Requirements to legally export the product from India. Entry… Read More »
India has always been an integral part of the global economy, with its rich cultural heritage, diverse natural resources, and considerable population that provides a huge market for goods and services. The Foreign Trade Policy (FTP) is a crucial component of India’s economic strategy, aimed at promoting exports, enhancing the competitiveness of Indian industries,… 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 »
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