Import Export

GST registration mandatory for export of services in India

GST registration mandatory for export of services in India

Historically, India has been a major exporter to the international market. Our Indian economy and GDP are growing at a quicker rate as a result of new laws in India that encourage exports. Furthermore, if you want to start export business in India, you can avail several benefits from the government after getting necessary registrations … Read more

Import export code (IEC) Meaning, Benefits, Requirement

Import export code (IEC) Meaning, Benefits, Requirement

We all know Import and Export Business is profitable in India. However, there is a cut-throat competition for strict laws. Before going global, there are a number of procedures and rules that must be followed, as well as a number of registration and licensing requirements. When importing or exporting from India, you’ll need an IEC. … Read more

Top 10 export products from India

Top 10 export products from India

In the first seven months of 2021-2022, India has made record progress in the number of exports. From April – to September 2021, India has exported goods worth more than $197 billion, and the monthly export amount has been above the $30 billion mark. Hence, Export business in India is highly profitable. If you also … Read more

Export Incentives in India: Types & benefits

Export Incentives in India Types & benefits

India’s economy is among the world’s fastest-expanding economies. It is the country’s ambition to have a $5 trillion GDP by 2025. One of the prerequisites for meeting this aim is to increase its exports to $1 trillion by the same year. At this point, the government’s ability to support the export community will be critical. … Read more

Types of Import Export Business in India

Types of Import Export Business in India

Increasing your company’s visibility, income, and profitability are all aided by entering new markets throughout the world. Indian businesses have an edge in exporting and importing because they can reduce manufacturing costs and enhance earnings. If you wish to start an import export business in India, you must know about the types of Import Export … Read more

How to Start Logistics Company in India?

How to start Logistics Company in India

Any industry or business relies heavily on the flow of commodities. Seeds and insecticides, for example, are essential for farmers in the agricultural sector. As a result, they need the transportation of these items from the producer to their location. Manufacturers send their products to online retailers, where they are stored and delivered to customers. … Read more

New Tax Refund Scheme for Export Sales

New Tax Refund Scheme for Export Sales

Despite the fact that the government’s earlier plan to boost exports via subsidies hasn’t worked, the new tax rebate scheme for export industries have received quite good acceptance and are assisting the country’s merchandise exports to reach a record $400 billion current financial years as per the Commerce and Industry Minister. Thus, Every exporter must … Read more

Budget 2022: Import Duty reduced on Diamonds and Gemstones

Budget 2022 Import Duty reduced on Diamonds and Gemstones

It was on Tuesday that Finance Minister Nirmala Sitharaman came out with the Union Budget for 2022-23. She stated she wants to raise the basic customs duty (BCD) on many common items that people buy, like headphones or earphones. This is to help the country make more of these things in the country and support … Read more

Procedure to Import Cosmetic Products in India

Procedure to Import Cosmetic Products in India

India’s cosmetics market is nearly twice as large as those in the United States and Europe, and it is growing at an exponential rate. Because of the industry’s expansion, India’s Ministry of Health and Family Welfare has mandated that all items imported into the country must have a mandatory registration certificate. Consequently, whether you are … Read more

IEC Code for sole Proprietorship firm

IEC Code for sole Proprietorship firm

The IEC is required for buying or selling goods outside the nation and hence as a sole proprietor, you need to apply for IEC code registration. The IEC code is obtained from the Directorate General of Foreign Trade. It is a permanent 10-digit number to perform any foreign transaction.  To acquire, the IEC code, a … Read more