International trade involves continuous foreign currency inflows and outflows. For Indian exporters, managing foreign exchange efficiently is critical to minimizing conversion costs and maintaining liquidity. To support exporters, the Reserve Bank of India (RBI) introduced the EEFC Account, a facility that helps businesses retain foreign currency earnings in India. This
For individuals and businesses involved in global trade, knowing “what is custom duty” is essential. With the growth of worldwide trading, paying customs duty played a crucial role in the import and export business. Here is a detailed overview of what customs duty is, the types of customs duty and
Working with overseas clients can be highly rewarding—but getting paid across borders can be tricky if you’re not familiar with the process. Whether you’re a freelancer, startup, or established business, receiving international payments in India requires the right banking setup, compliance with regulations, and knowledge of available
If you’ve ever sent or received money internationally, you might have been asked for your IBAN number. For many, this sparks confusion—especially in countries where IBAN isn’t part of domestic banking. This guide by EximPe explains what an IBAN number means, why it exists, how it’s
Venturing into the export market can be thrilling, as it presents a great avenue for expansion and growth; however, it presents distinctly different challenges that may strike fear in the hearts of new exporters. There is an absolute call for knowledge and shunning the common pitfalls in establishing an export
An increasingly globalized economy created an encouraging situation for cross-border payments. It has enabled businesses to buy and sell goods and services across borders, thus encouraging trade and commerce. However, making cross-border payments is quite complicated, and it involves a number of steps, regulations, and financial institutions. It takes it
Taxation & Compliance
Freelancing provides the flexibility to work with clients all over the world. Still, at the same time, it also comes with unique tax challenges, especially for Indian freelancers dealing with international income. Knowledge of the nuances of tax obligations in other countries can save you a lot of money and
International Trade & Finance
Managing multiple currencies is an essential aspect for freelancers, especially in India, where the freelance economy is booming. By the beginning of 2025, India's freelance market is expected to be between $20 billion and $30 billion, with international clients being a big catalyst for growth. This blog aims
Taxation & Compliance
The apparel industry is an important sector of the Indian economy, contributing greatly to the employment and export earnings of this country. The Apparel Export Promotion Council (AEPC) is set to play a significant role in growth facilitation and support for apparel exporters. It will discuss the process for AEPC
As an Indian freelancer, juggling your earnings from different payment channels can be an overwhelming experience. With the gig economy growing by leaps and bounds and reports that close to half of the workforce will be freelancing by 2025, it's vital to have an efficient mechanism to monitor
International trade is a very complex process, and clearing customs can be quite challenging for export shipments. One of the most important aspects of this process is understanding the necessary export documentation required for customs clearance. Proper documentation not only facilitates the smooth transit of goods but also ensures compliance
International Trade & Finance
International trade does not come easily in a logistics chain, in which the parties involved, from freight forwarders to customs house agents, identify who would prove crucial. These two always play equally important but opposing roles in transactions crossing borders with ease and without stress. Let us take a closer