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With the global economy as it is today, a business and even an individual, an exporter dealing with foreign clients or an individual who receives remittances from their family living abroad definitely needs to understand the mechanism behind international payments. This article aims to lead you through some of the
Exim
Deemed exports help encourage international trade as developed domestic manufacturing creates an incentive for suppliers. Comprehending the concept of deemed exports becomes pretty relevant to the functioning of the organization when it is striving to make its businesses function effectively by making the proper utilization of the policies of the
International Trade & Finance
For Indian exporters to guarantee easy customs clearance and access to export incentives, registering your AD Code on ICEGATE is an essential step. However, a lot of companies experience delays or rejections as a result of preventable errors made during the registration procedure. To help you finish your AD Code
Exim
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
Banking & Payments
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
Taxation & Compliance
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
Taxation & Compliance
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
Banking & Payments
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
Banking & Payments
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
Banking & Payments
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
Banking & Payments
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
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