Category: b2b
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Customs duty is the tax Indian Customs charges on goods crossing the border. On imports you pay it before your cargo is released, no payment, no Out of Charge, no delivery. It is calculated on the assessable value of the shipment, not the invoice value, and it is almost never
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A merchanting trade transaction is a trade where an Indian entity buys goods from a seller in one foreign country and sells them to a buyer in another foreign country, with the goods shipping directly between those two countries and never entering India's Domestic Tariff Area. The Indian
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A high sea sale is the sale of imported goods while they are still in transit, after the shipment has left the foreign port and before it is cleared for home consumption in India. Ownership passes by endorsing the bill of lading to the new buyer, who then becomes the
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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
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Shipping Bill Status is the real-time customs clearance progress of your export shipment than can be tracked through ICEGATE (Indian Customs Electronic Gateway) . After your CHA files a Shipping Bill (export declaration) with Indian Customs, the SB (Shipping Bill) status shows whether your goods are approved, under processing, cleared
B2B Trade & Import-Export
IEC stands for Importer-Exporter Code, Before 2017 it used to be a 10-digit unique identification number but after introduction of GST in 2017 the Importer-Exporter Code for firms in India became the same as their PAN (Permanent Account Number), though you still need to apply it via
B2B Trade & Import-Export
ICEGATE (Indian Customs Electronic Data Interchange Gateway) is the official online portal of Indian Customs where importers, exporters, and customs brokers file all customs documents electronically. ICEGATE enables electronic filing of Bills of Entry (imports), Shipping Bills (exports), IGM (Integrated Manifest), and online payment of customs duties. ICEGATE is the
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Bank guarantees, SBLCs and letters of credit are basically risk‑sharing tools that help importers and exporters trust each other across borders. They do this by pulling a bank into the middle of the deal so that someone reliable promises to pay if things go wrong. A letter of credit
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Indian pet parents are spending more on food, treats, accessories and vet care than ever before, but the regulatory lens on pet‑product imports has also become much sharper. Many of these products are either animal‑origin or veterinary in nature, so they sit at the intersection of animal‑health
B2B Trade & Import-Export
If you are importing or exporting from India, your HSN code determines your customs duty, IGST, export incentives, and even whether your shipment is stopped at the port. The full form of HSN code is Harmonized System of Nomenclature, and using the wrong code can literally be the difference between
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Imagine this: your first container of beautifully packed home decor lands at Nhava Sheva. Freight is paid, Bill of Entry is filed, duty is ready. But the consignment is suddenly held because the importer doesn’t have an LMPC certificate and the labels are missing the Indian importer’s details.
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An Indian importer brings in a container of electronics from China, worth ₹80 lakh. During the voyage, the container is exposed to heavy weather, water seeps in, and a big part of the cargo is damaged. The shipping line points to its limited liability and offers only a fraction of