Deemed Exports – an equalizer for Indian manufacturers
What are Deemed exports? Deemed exports are the ones which do not qualify the physical and grammatical definitions of exports as described by the Government of India under the Foreign Trade Policy. The goods/products/services do not leave the country and payments are received either in Indian rupees or in free foreign exchange. Supply of goods […]
IGST refunds on Exports – Required Documents and FAQs
Understanding the IGST Refunds To understand IGST refunds on export we will first understand the meanings of the terms and phrases that are commonly used in this aspect along with the process of filing of refund. Later in the blog we will be also addressing few a FAQ’s and their answers. Exports of goods Service […]
Unprecedented situation – Force Majeure
We usually talk a lot about incentives and the financial aspects of trade in our blogs. Today, we will be looking at a topic that concerns the legal aspects of not just EXIM businesses but any business and contracts in general. The topic has been selected in the purview of the new normal which is […]
Incoterms – International Commercial Terms – Common Terms
As always let’s start with brief history on where incoterms originates. International Commercial Terms = Incoterms Features of incoterms Who uses incoterms? How incoterms are used? Use by banks: Incoterms are used in most of the credits. Incoterms enable the banks to check: The documents called in for credit are consistent with the term used. […]
Bonded Warehouse Scheme Revisited – Features and FAQs
Bonded Warehouse Revisited, learn about features, usage and solve your common questions about utilizing it’s potential
Specialties of Special Economic Zones (SEZ)
How SEZ Started? In today’s blog article, we will talk about the least discussed and underrated the topic SEZ (Special Economic Zone). SEZ Objectives SEZ Characteristics *Export and import here also refer to other SEZ and DTA (Domestic Tariff Area, which is all the area in the country except the Special Economic Zone itself) Export […]
Bonded Warehouse – A Game Changer for the manufacturing sector
Actual scheme for the manufacturing enterprises… Indian government introduced in 2019 by tweaking the existing scheme of manufacturing under bond. The scheme can revolutionize the way manufacturing units are organized among Domestic Tariff Area, Free Trade and Warehousing Zones, Export Oriented Units (EOU’s) and Special Economic Zones (SEZ’s). Although, there is a lot of talk […]
Why should you get an AEO certification today?
Preface : A little bit of history In 5 years (from 2014 to 2019), India jumped from 142nd rank to 63rd position in ease of doing business among 190 countries of the world. AEO is one of the key factor that led to this development. AEO stands for Authorised Economic Operator. AEO is based on […]
EPCG (Export Promotion Goods Scheme): Revisited and Explained in 2020
EPCG (Export Promotion Capital Goods) : A Story of our Friend # Requisite for EPCG One basic requisite for EPCG is that he has to fulfill the conditions of Export Obligation (EO) which is 6 times the duty saved in 6 years. Let us assume that he saved a total of 5 lakh rupees in […]
Which export incentive scheme is better? MEIS vs RoDTEP
Which export incentive scheme is better? Existing vs New(MEIS vs RoDTEP)