In international trade, compliance with RBI (Reserve Bank of India) regulations is essential. Two important systems that regulate import and export payments are EDPMS (Export Data Processing and Monitoring System) and IDPMS (Import Data Processing and Monitoring System). Both systems are digital platforms that help the RBI, banks, and businesses
Getting an AD Code from your bank is a must if you intend to export goods from India. The AD Code guarantees that your export transactions are processed through authorized banking channels and is necessary for customs clearance. This guide will help you obtain your bank's AD Code
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When you look around a modern Indian home, office, or factory, it's likely you will find products or components that originated from China. From the smartphones we use to the machinery that powers our industries, Chinese imports have become a deeply integrated part of India's economy.
Planning to send or receive money from abroad? You must know your bank's SWIFT code. This unique identifier—also called a SWIFT BIC for Bank Identifier Code—makes certain that your funds go to the right place overseas. At Eximpe, we know that getting your international transaction to
In the modern globalized economy, international banking is the linchpin of cross-border trade and investment. At the core of this process is a key element: the SWIFT code. For businesses such as EximPe, which facilitate export-import payments and enable businesses to grow globally, knowing how SWIFT codes-and their close relative,
The face of the Indian global trade space is changing at a rapid pace, with the market leaders in the import and export scenario in India leading innovation, efficiency and growth in sectors. It does not matter if you are a new entrepreneur or an established business; knowing who are
Banking & Payments
Once you wire money in India, there is a special reference number known as UTR number (Unique Transaction references number) that is assigned to each money transfer. This figure helps in monitoring, confirming and settling matters with regard to payments. However the UTR number differs by a small margin based
Taxation & Compliance
The distinction between customs duty and GST is important for all the businesses involved in international trade; this distinction helps in compliance and cost management. Eximpe understands that dealing with these taxes may be confusing, but here is a clear comparison that should give you informed decision-making. Custom Duty Meaning
International Trade & Finance
The Authorized Dealer (AD) Code is a vital prerequisite for export documentation and customs clearance for Indian exporters. Checking the status of your AD Code on the ICEGATE portal is crucial after you've registered it with customs and received it from your bank. This avoids shipment delays and
Exim
In the modern world, knowledge of import and export trade is very important for any business venture. Import trade is the purchasing of products or services in a certain country to meet local demands, while export trade is the selling of goods and services produced in a certain country to
Banking & Payments
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