A journey into international trade be it an exotic goods import business or exporting your goods into international markets is a thrilling idea to any Indian business. But, even before you can ship your initial consignment or get your first international payment, it is important that you take an essential
A shipping bill is one of the most important export documents in India, required for customs clearance and claiming export benefits. With digital customs systems like ICEGATE and DGFT, checking the status and downloading your shipping bill is faster and easier than ever. This guide walks you through the step-by-step
China is India’s largest trading partner, and thousands of businesses in India rely on Chinese imports for raw materials, machinery, electronics, textiles, and consumer goods. While importing from China can reduce costs and increase profits, the process involves multiple compliance checks, documentation, and logistics planning. This guide explains how
The world has witnessed a new shift in the workforce through freelancing. India is not an exception. With a projection that freelancers will be 50% of the workforce by 2025, Indian freelancers have to set up a strong financial infrastructure in this dynamic world. This blog highlights key strategies on
The freelance industry in India is still expanding, and it is expected that the market will reach $20-30 billion within the year 2025. As such, freelancers need to learn the mechanism of international payment. In this guide, we will provide first-time freelancers with basic information about the various payment solutions
Effective communication with international clients is the need of the hour for businesses in an increasingly interconnected global marketplace, especially for businesses based in India. This guide will explore best practices for international client communication and outline key payment terms to facilitate smooth transactions. Understanding Cultural Nuances Cultural Sensitivity When
Cash flow management is crucial to keeping up with the pace of international trade. One financial tool that exporting can use to leverage its cash flow would be bill discounting under LC (Letters of Credit). This article will delve into how the method works and the benefits it offers to
In the competitive landscape of international trade, efficient management of cash flow plays a pivotal role in the life of exporters. One such financial solution that has gained considerable ground is LC bill discounting. This facility allows exporters to get instant funds with the help of their LCs. The cash
Exim
Entering the world of exporting could be exciting and full of opportunities for growing and expanding into new markets. Of course, to be successful, you need to have a strategic approach that would attract international customers, while transactions must go smoothly and efficiently. Very broad facts and figures often saddled
Exim
The import business is perhaps one of the rewarding ventures any entrepreneur may wish to undertake with the aim of extending their market dominion as well as widening their range of products. Otherwise, through the importation of products, businesses are able to acquire distinct merchandise, cut costs and, therefore, boost
Banking & Payments
In the business world today, everyone is a competitor, and everyone wants a piece of the big market slice. However, this can be replaced by the idea that many companies can improve one specific area—payment procedures. This will show you how a solid B2B payments platform can change your
Banking & Payments
Export-import payments can be very highly lucrative; then again, they also have drawbacks. As the business goes international, it faces several barriers that make the flow of transactions a challenge for it. From there, the current article seeks to go deeper and explain other problems affecting export-import payments and how