Export Incentive Schemes and Benefits in India

Types of Export Incentive Schemes & Benefits in India

India’s economy is one of the fastest growing economies in the world. As a part of economic reforms, the government has formulated many economic policies which have led to the country’s gradual economic development. Under the changes, there has been an initiative to improve the condition of exports to other countries. With this regard, the government has taken up a few actions to benefit businesses in the export trade. The primary objective of these benefits is to simplify the whole export process and make it more flexible. On a broader scale, these reforms have been a blend of both social democratic and liberalization policies.

Read More
Ship from India to USA, Canada, Singapore, Dubai

How to ship from India to USA, Canada, Singapore, Dubai?

The world has evolved to become a global village and to ship your products to your customers oversees in not a distant dream anymore. However, it is important to follow certain steps to experience a seamless transaction. Therefore, while it is a good milestone for your business, ensure that you take the right steps to avoid any unforeseen hiccups. Follow these steps for a smooth international shipping experience:

Read More
Customs after GST

How To Calculate Customs Duty Post GST Introduction In India

Whenever any merchandise is imported into the country or exported to other regions, the government levies an indirect tax on products. Every country has different rules and policies for implementing it. The customs duty charged in India is defined under the Customs Act, 1962 and the Central Board of Excise & Customs (CBEC) is the regulatory body responsible for formulating the policies and measures regarding it.

Read More
Quick tips on international shipping

5 Quick Tips for Shipping Internationally

International shipping can be quite a daunting topic when one is not fully acquainted with its nuances and the associated technicalities. Global ecommerce is picking up pace and is set to become the next big thing in just a couple of years. For sellers who are confused about the process, here are 5 quick tips for shipping internationally.

Read More
Documents Required for IEC Code India

Documents Required for IEC Code (Import Export Code)

What is IEC code?

IEC code stands for Import Export Code. It is a ten digit license code required by companies or individuals to begin an import-export business in India. It is also necessary for availing benefits under schemes like MEIS and SEIS.

The DGFT (Director General of Foreign Trade), Department of Commerce, Government of India provides applicants with this code after a thorough analysis of their application.

Read More