In today's interconnected world, international payments have become an essential part of global trade, especially for Indian exporters and businesses. However, navigating these transactions can be complex due to various hidden costs that significantly impact profitability. This blog aims to shed light on these often-overlooked fees, providing insights
In today's interconnected world, freelancing has become a lucrative career path, offering the flexibility to work with clients from around the globe. However, navigating cross-border deals can be complex, especially when it comes to legal protection and financial security. For Indian freelancers looking to expand their reach internationally,
In the fast world of international trade, goods safety and security transportation are what matter most. Choosing the right type of container to carry your cargo may help you achieve the safety and integrity of that cargo. This article presents the various types of shipping containers used in an export-import
Recently, India has made some significant strides regarding the improvement of export capacities to boost its economy further and consolidate its export position in the international market. Most vital among these are the Merchandise Export Incentive Scheme (MEIS). The product of the scheme has been the incentive mechanism that assisted
Under India's Goods and Services Tax (GST) structure, deemed exports significantly support domestic manufacturing and enhance competitiveness in the international market. Deemed exports essentially comprise supplies of goods manufactured in India that do not physically leave the country but are treated similarly to actual exports for tax purposes.
In international trade, every shipment travels with key export documents. One of the most important is the Bill of Lading (BoL). This document serves as proof of shipment and plays a crucial role in tracking goods as they move across borders. In this guide, we will explain what a Bill
When goods are shipped from one country to another, proper documentation is critical. Among all export-import documents, the Bill of Lading (B/L) stands out as one of the most important. It acts as a contract, a receipt, and a document of title between the exporter, importer, and shipping carrier.
Documentation is very important in international trade. Post-shipment documents are essential when the goods have already been shipped since these would usually be needed when ending any transaction to ensure everything is in place and accounted for. This helps not only get the goods cleared at customs but also ensures
International Trade & Finance
International trade is a competitive landscape. Hence, exporters often look to minimize their costs to maximize their profitability. The most efficient tool for them is Duty Credit Scrips (DCS). This is one of the most vital components of the Indian government's export incentives. It will explain what Duty
International Trade & Finance
The NIRVIK Scheme - officially Niryat Rin Vikas Yojana - is one of the very important schemes introduced by the Government of India in favor of small-scale exporters. The NIRVIK was announced by Finance Minister Nirmala Sitharaman in the Union Budget for 2020-21, with the main objective of easing credit
International Trade & Finance
The export sector in India is imperative to the country's economy as it constitutes substantial foreign exchange earnings and sources of employment. Various incentives related to exports have been instituted by the Indian government in order to spur more exports and improve competitiveness in foreign markets. The incentives
International Trade & Finance
Whenever one looks to export a product, one should know what shipping options are available so that one can distribute the goods from one country to another effectively and cheaply. Sometimes, choosing a shipping method can make a huge difference in the delivery time, cost, and satisfaction of the customer.