When you make an electronic fund transfer in India, like NEFT, RTGS, IMPS, or UPI, a UTR number (Unique Transaction Reference number) is created for that transaction. This alphanumeric code is important because it helps you track, verify, and fix issues related to your transaction. Many people wonder how to
Indian exporters deal with a host of documentation and compliance processes to ensure smooth international trade. One system that has revolutionized export management and compliance in India is EDPMS. Whether you’re a seasoned exporter or new to global markets, understanding EDPMS is crucial for avoiding payment delays, regulatory penalties,
For Indian importers, compliance and accurate reporting to the Reserve Bank of India (RBI) are essential parts of running an international business. The IDPMS system is a digital backbone ensuring transparency, security, and efficiency in import transactions. But what does IDPMS mean, and why is it so important for importers
For any business looking to enter the world of international trade, a stack of crucial documents stands between them and the global market. Among these, the RCMC certificate is one of the most important for Indian exporters. It's a key to unlocking government incentives and establishing your credibility
Fluctuations in currency are, therefore, one of the major risks that confront firms that have operations in the import and export business in the current dynamic international market. That is why it is important for a company like Eximpe, which stands in the rank of the leading international players in
Transfer of money from India to any other country is now seamless and transparent with digital advancement and clarity of regulations. If you are in the process of sending money to support your family, shell out for overseas education, or handle business payments, then knowing the best ways of sending
Banking & Payments
Import payments are crucial for success in international trade, whether you're a new importer or an experienced global business. Key payment options include wire transfers, letters of credit, open account arrangements, digital wallets, and blockchain-based solutions, each offering different benefits in terms of speed, cost, and risk management.
In the world of business, invoices are more than just bills—they’re documentation, communication, and compliance tools. But not all invoices serve the same purpose. Two commonly used types are the proforma invoice and the tax invoice. So, what’s the difference between a proforma invoice and a tax
Banking & Payments
International trade is a world full of the paper work. Two documents that leave exporters and importers baffled in most cases are commercial invoices and proforma invoices; which are part of the essential documents. The two are involved in the exportation processes- but they vary much in what they accomplish,
Since the movement of money is very active in the global economy, it is very important for each businessman, each traveller, and each investor to know what causes fluctuations in exchange rates since they determine the costs of imports and exports, profits on capital investments, and other aspects of global
Financial News & Current Affairs
The Reserve Bank of India (RBI) has made major changes to the rules for ATM transactions, which are to be implemented from May 1, 2025. These changes are part of the RBI initiatives to make banking transparent and operationally sustainable within the country and affect millions of customers in India.
International Trade & Finance
In agricultural export products, the Agricultural and Processed Food Products Export Development Authority (APEDA) holds an essential position in advertising and monitoring the export schedule from India. To pursue business in international platforms, one needs to make a requirement for APEDA registration, especially for exports. This article discusses the entire