Import Export

Exports Surge by Over 58% in March, Imports Rise 53%

Exports Surge by Over 58% in March, Imports Rise 53 %

India’s foreign trade sector plays a vital role in the growth of its economy. It ensures the highest quality of goods and services, increases competitiveness, generates employment, improves living standards, and earns valuable foreign exchange for the country.. In this article, we will discuss Exports Surge by Over 58% in March, Imports Rise 53%. Know … Read more

IEC Code Requires Renewal Every Year, else De-activated

IEC Code Requires Renewal Every Year, else Deactivated.

DGFT has issued a notification for applying, updating IEC (Now e-IEC). It is mandatory Every year from April to June even if, all details of IEC remain same all existing holders have to confirmed compulsory. Otherwise, IEC may be de-activated if not upgraded. In this article, we will discuss IEC Code Requires Renewal Every Year, … Read more

How To Start Import Export Business In India

How To Start Import Export Business In India

Commencing an Import-export business is one of the best approaches to attain your profit goals which are higher to do well in the international market. Selling the product in the domestic market may lead to getting a limited amount of profit margin. But practising the initiative to make a foothold in the international market needs … Read more

How to Start Meat Export Business in India

How to start Meat Export Business in india

As we know India is the biggest buffalo meat exporting country (Carabeef) globally, with a smaller amount of sheep meat. Production and export of meat from India originated in the year 1969, During the last 49 years, the quantity of meat & Processed Meat exported from India has been progressing and so also the number … Read more

RoDTEP scheme gets implemented from Jan 1, 2021

RoDTEP Scheme gets implemented from Jan 1

Taking a major step to boost exports, CBIC issued the notification to extend the benefit of the scheme for Remission of Duties and Taxes on Exported Products. In this article, we will discuss on RoDTEP Scheme gets implemented from Jan 1. RoDTEP Scheme gets implemented from Jan 1 CBIC has announced the new scheme i.e … Read more

DGFT Issued a Notification for Export Policy of Onion

export policy of onion

DGFT has issued a notification relating to the export policy of onion with immediate effect. Let’s summaries the Notifications issued:- Notification for Export Policy of Onion The ministry of commerce industry has issued the notification  No. 31/2015-20 dated 14.09.2020 relating to the export policy of onion with immediate effect. Also allowed shipments of Bangalore rose … Read more

DGFT issued a Notification for export of N-95 Mask

Notification for Export of N-95 Mask

DGFT has issued a notification removed export curbs on N-95 masks, to promote outbound shipments of the product. In this article, we will discuss on DGFT notification for export of N-95 mask Let’s summaries the Notifications issued:- Notification for Export of N-95 Mask The All India Mask Manufacturers Association urged the central government to exclude … Read more

DGFT Notify New Import Policy for LED products

The commerce ministry notifies new import policy for LED products and control gears for such items. Let’s summarise the Notifications issued:- DGFT Notification No 32/2015-2020 DGFT vide Notification No. 32/2015-2020 dated September 17, 2020, has provided for insertion of policy condition in chapter 85 and 94 of ITC (HS), 2017, Schedule -I (Import Policy) in … Read more

How to Start a Spice Business in India

spice business

As we know India is a major producer and exporter of Spices. Also, it is recognised as a profitable business in India. Any individual can start a spice business as a small, medium and large scale base as per his or her investment capacity. Spice powder is a necessary ingredient in cooking, none of the … Read more

Procedure of Export Goods from India to Other Countries

export goods

Importing and Exporting are means of Foreign Trade. Foreign trade is carried out in goods and services – which covers imports, exports, and the balance of foreign trade – is presented separately for Export goods and services. In this article, we will discuss the Processing an Export Order in detail –  About Import Export Code … Read more