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Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
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Bill of Entry (India) in GST - Meaning, Payment & Filing Procedure
When goods arrive in an importing country, they undergo legal formalities. The Bill of Entry (BOE) is a legal document used by importers or customs clearing agents to procure customs clearance for the imported goods.
Customs Clearance Process - All the Steps an Exporter Needs to Follow
The process of customs clearance of goods starts with the filing of a shipping bill and the ensuing activities around it. However, before you (as an exporter) try to get customs clearance for your goods, you must satisfy a few prerequisites.
Demurrage Charges - What is Demurrage For Shipowner & Importer
When a consignment reaches the port, there is a fixed timeframe for the importer or the shipowner to load or unload the containers known as laytime. If they fail to load or unload the consignment in the given laytime the importer or the shipowner or whosoever is responsible for discharging the ship has to bear a charge which is called Demurrage.
Commercial invoice | Meaning & Format for export
Commercial invoice is an important document provided by the exporter to the importer in international trade. Read to know more about its meaning, format and documentation.
How to claim GST Refund on exports?
As per GST Act, goods and services that are exported are considered “zero-rated supplies”. Taxable persons who export goods and services are eligible for claiming refunds on the GST paid. Read this guide to know more about the documents required and the procedure which an exporter has to follow in order to claim this refund.
Government loan schemes for financing MSME businesses
Given the massive contribution of the MSME sector to India's economy, the Indian government has introduced several loan schemes aimed at improving access to credit. Here are some of the most well-known schemes for new and existing businesses alike.
What are the post-shipment banking activities in the export business?
The export business is an extremely capital-intensive enterprise, with many operational overheads. Processes can be long-drawn and involve financing at every stage.
Export Credit Insurance | ECGC's Insurance System in India
Many exporters make the elementary mistake of not getting credit insurance for their exports, which can prove costly if things go awry. But what exactly is export credit insurance, and how can Indian exporters go about procuring it? This blog post takes a closer look.