In India, importers must comply with various customs procedures before their goods can be cleared. One of the most important documents in this process is the Bill of Entry (BOE). After filing a BOE, importers often ask: How do I check my Bill of Entry status online? The ICEGATE portal
India's global trade scenario is changing fast. This is a great time to get into the import-export business in India, as digitization, simplified compliance, and ambitious export targets are making a buzz on India's horizon. If you want to know how to obtain an import-export license
For firms conducting manufacturing business or that are in international trade, it is necessary to understand the difference between excise duty and customs Duty for compliance and cost control. Eximpe embraces the belief that understanding such concepts of tax provides clarity in the decision-making and design of a business for
Excise duty is an important principle regarding the indirect tax system in India, particularly in industries that exist in the manufacturing business. At Eximpe, we believe that understanding Excise's duty is vital to compliance and strategies in the modern day of regulations. What is Excise Duty? Excise duty
If you’ve been asked for an IBAN number when sending or receiving money internationally from India, you might be confused. India does not use IBAN domestically, but banks like HDFC, SBI, ICICI, Axis, Federal Bank, Canara Bank, Bank of Baroda, and Indian Bank still provide internationally accepted formats for
Having been an account user, you may have observed the insertion of an extra forex markups fee on the statements when utilizing your debit or credit card card and in a foreign country and when incurring an international payment. But what is forex markup fee and why do we get
When you incur the cost of sending or receiving an international money transfer on the SWIFT network, you simply think that there is only a single cost that is simple. However, the reality of SWIFT transfer charges can be more complex, involving multiple layers of costs that can sometimes reduce
The most likely concern that pops up when one is in the process of sending or receiving money overseas is how long it takes before the funds can be received. For SWIFT transfers (Society for Worldwide Interbank Financial Telecommunication), which are the backbone of most international bank-to-bank transfers, the answer
Taxation & Compliance
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
International Trade & Finance
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
Banking & Payments
Travelling frequently overseas, using foreign websites to make shopping purchases or paying using a foreign currency are some of the very common situations you may have encountered requirements of zero forex markup credit cards being a leading solution which can save on forex markup charges. However, is a zero forex
Exim
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.