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Who gets benefits from this website?    The information provided here is part of Export Import Online Tutorial   Who is benefited by this web blog, www.howtoexportimport.com 1. Any one who is interested to start an export import business.   2. Any one who is interested to learn international trade of export and import.   3. Employees or management who have been working with import export companies.   4. Employees or management who have been workin … Continue reading » Why prefer exports?  The information provided here is part of Import Export Training online     1. A country’s international  financial strengthness  determines on the basis of favorable balance of trade. It happens when export is more than import. Foreign exchange earnings will be more in a favorable balance of trade. So the wealth of a nation increases while earning foreign exchange. 2. Government supports: While supporting to increase foreign exchange inflow to … Continue reading » How to overcome Negative thoughts in export business   The information provided here is part of Online Export Import course  Complicated?: Some of you may think that export business is too complicated with many formalities. Although there are some extra formalities than the regular domestic business,  export business is too easy to handle with the said formalities, once you entered in to the trade. Compared to the benefits which you are going to enjoy, we can not call these formalities as a compli … Continue reading » How to Choose a product for export business   The information provided here is part of Online export import training guide   Learn Exports Imports Free, Click here   How to select a product for a new Export Business? In this article I would like to enlighten some information about choosing a product for export.      Choosing a product plays very important role before starting any business especially for export business. I will give some tips to choose your export pro … Continue reading » How to send export samples to foreign buyer? Tips to send samples to foreign buyer   The information provided here is part of Online export import business guide course // How to send export samples to foreign buyer?   Some of you may need a support on procedures to send export samples to your buyer at foreign country. Sending export samples is a simple procedure under export and import.   Can I get cost of export sample from foreign buyer, if value of product is high? Can we get reimbursed on the cost of cou … Continue reading » What is Ex-factory terms in Imports and Exports  The information provided here is part of Export Import Online Tutorial In this article, I will explain about Ex Factory Price used in any business, especially in Export and Import business.  What is Ex Works cost? Is Ex-works and Ex-factory same under delivery terms in an international trade? How does Ex Works terms of delivery work?   Ex works price and Ex-factory price are on of the same term. Ex factory or Ex works term is one of the delivery terms u … Continue reading » Is Letter of Credit LC safe for an Importer?     As we know, Letter of Credit is operated based on the guidelines governed by the rules and regulations of UCPDC 600 (Uniform Customs and Practice for Documentary credit 600 which came in to effect as on July 1, 2007. In a letter of credit, the buyer’s bank guarantees payment of proceeds to the seller through his bank against presentation of documents as per the terms and conditions of Letter of Credit. We have discussed about the safety of letter of credit for … Continue reading » How to settle dispute in International Business of Import and Export   The information provided here is part of Online export import training guide  DISPUTE SETTLEMENT IN EXPORTS AND IMPORTS BUSINESS Litigations and Arbitration in Export and Import Business. I hope this article helps all traders in a business especially those who are in to Import Export business - how to handle disputes in import and export trade? I sell goods to you, you buy them, you pay bill, you use my goods. Simple. Both are happy. Right? Bu … Continue reading » Local procurement of goods by EOU under GST     Is IGST payable against local purchase by EOU     A brief idea about Local procurement of goods by EOU under GST is explained here. Let us discuss about Is IGST payable against local purchase by EOU. Export Oriented Unit has to procure raw materials from domestic tariff area (locally). What would be the GST exemption frame if an EOU needs to buy goods locally? For the indigenous procurement of goods covered under GST, the EOU will not get … Continue reading » Export obligation before GST after GST under EPCG scheme.      Utilization of EPCG quantity before GST regime and after GST regime      The below information explains about EPCG obligations before GST and after GST. The utilization of quantities under EPCG before and after GST also is clarified.   I have imported part quantity goods under EPCG scheme before implementation of GST. Another part of import under same EPCG license is being imported after GST implementation. Can the balance quanti … Continue reading » Utilization of Advance Authorization scheme before GST and after GST       Utilization of Advance Authorization scheme before GST and after GST    Here let us discuss about Utilization of Advance Authorization before GST and after GST. Whether balance import quantities under Advance Authorisations issued before 01.07.2017 can be utilised after 01.07.2017? And, will there be any implications on export obligation? The balance import quantities under Advance Authorisations can be utilised for duty free import but on … Continue reading » chapter 7 of the Foreign Trade Policy     chapter 7 of the Foreign Trade Policy     CHAPTER 7 DEEMED EXPORTS 7.00 Objective To provide a level-playing field to domestic manufacturers in certain specified cases, as may be decided by the Government from time to time. 7.01 Deemed Exports “Deemed Exports” refer to those transactions in which goods supplied do not leave country, and payment for such supplies is received either in Indian rupees or in free foreign e … Continue reading » Drawback and TED on deemed exports under GST?    Is TED refund for deemed exports allowed under GST?     Terminal Excise Duty and GST    A brief idea about drawback on deemed exports under GST regime, TED refund against deemed exports under GST etc. are explained here. According to GST Law, the following provisions would apply under the GST regime for the deemed exports in relation to the refund of the Terminal Excise Duty (TED) and Drawback (DBK). No TED refund would be availab … Continue reading » Will IGST be refunded against unutilized ITC under EPCG scheme?   EPCG and unutilized ITC   The following information clarifies about refund of unutilized ITC under EPCG. Unutilized ITC under EPCG scheme. After exports, can an EPCG holder claim refund on unutilized ITC? IGST paid against import under EPCG can be taken as ITC. However, an importer under EPCG scheme cannot claim refund of any unutilized input tax credit after the exports. Share below your experience and thoughts on refund of unutilized ITC under EPCG sch … Continue reading » Should Compensation cess payable on imports under GST?   Is cess on customs duty to be paid on imports under GST regime?    This post clarifies whether compensation cess is applicable on imports under GST. Is compensation cess attracts on imports under GST regime? As per the authorities, Compensation cess would be applicable on imports. Write below about compensation cess leviable under imports       //   Is VAT registration required under GST regime? … Continue reading » Is Educational cess applicable on imports under GST?   Imports attract educational cess under GST?    Here let us discuss about Educational cess applicable on imports under GST. Is Imports attracted educational cess under GST regime? According to DGFT, educational cess would be paid on imports under GST regime. Would you like to discuss about this information on educational cess under GST? Share below your thoughts:   //     Registration procedures and formaliti … Continue reading » Is Central Excise registration is required under GST regime?   GST regime and central excise registration      This information clarifies whether Central excise registration is required under GST regime. Whether Central Excise registration is required after implementation of GST? Is such registration of Central Excise stopped? Whether GST registration and Central Excise registration required? As per new GST regime, no Central excise registration is required. Only GSTIN number has to be obtained by all tax per … Continue reading » Is Service Tax registration is required under GST regime?     Service Tax registration and GST regime    This post explains about Service Tax under GST regime. Whether Service Tax registration is required after implementation of GST? Is such registration of Service Tax stopped? Whether GST registration and Service Tax registration required? As per new GST regime, no VAT registration is required. Only GSTIN number has to be obtained by all tax persons. Write below your views about Tax registration unde … Continue reading