Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
Export Incentives in India 2022 | Schemes, Benefits & Types
The MEIS and SEIS are probably the most well-known and widely used export incentive schemes in India. But with the government looking to phase them out, what other export incentives can you claim?
Invoice Factoring: Easy Access to Working Capital for your Business
Small and medium businesses in need of working capital can often face difficulty getting a loan from banks or government bodies/schemes. In such situations, businesses can turn to alternate sources of financing like invoice factoring for easily securing a steady flow of working capital.
Overdraft Facility | What is it & How does it work
An overdraft is a facility provided by the bank through which an account holder can borrow up to a certain sum once the account balance reaches zero. The lender levies interest or an overdraft fee on the borrowed amount, and the money is to be returned within stipulated time frames.
Forex Hedge | Currency Hedging Strategy for Exporters
Currencies always fluctuate in value when compared to one another. As a result, in the case of international financial transactions, there is always a possibility of foreign exchange loss (or profit) due to these currency fluctuations. Also known as currency risk and exchange rate risk, it gets activated when the business entity involved in an international transaction trades in a currency that is not its home or domestic currency.
RoDTEP Scheme: Everything an exporter needs to know
The Remission of Duties or Taxes on Export Products (RoDTEP) is a scheme that has recently been rolled out by the government of India, to provide reimbursements of any tax, duty, or levy paid by the exporters while exporting goods from India.
Deemed Exports under GST | Procedure for Refund
All the exports are exempt from the Goods and Services Tax (GST). In taxology parlance, this is known as zero-rated under GST. However, deemed exports are not zero-rated, although they are supposed to be. Hence, the government levies GST on deemed exports and then extends a full tax refund to either the buyer or the seller, whoever has paid the tax.
Features of AD Code
Without an AD Code Registration, the EDI system, which is a part of the ICEGATE Portal will not allow the shipping bill number to be generated. The shipping bill number is mandatory for customs clearance, and an AD Code is required to receive government benefits directly into your business’s current account.
How to Decide Which Type of Entity Suits Your Export Business
The process of establishing an export business would differ with each product and service. There is a set path that needs to be followed on your way to becoming an exporter.