Export Documentation Documentation is the backbone of the export process, ensuring that goods move smoothly from the seller to the buyer across international borders. It serves as the official proof of origin, quality, value, ownership, and compliance with the regulations of both exporting and importing countries. Proper documentation not only prevents delays, penalties, and cargo… Read More »
Understanding Advanced Authorization (AA) and Duty Free Import Authorization (DFIA) In international trade, reducing production costs and enhancing competitiveness are crucial for exporters. The Indian government offers schemes like Advanced Authorization (AA) and Duty-Free Import Authorization (DFIA) to facilitate duty-free import of raw materials, components, or capital goods required for manufacturing export products. These schemes… Read More »
Government benefits for importers in India are primarily focused on reducing costs (duty exemption) and enhancing efficiency (trade facilitation). Most schemes are linked to a commitment to export, but some are standalone benefits for compliance and modernization. Here are the major government benefits available to importers: 1.Advance Authorisation (for Importing Inputs Duty-Free) What it offers:… Read More »
Government Benefits for Exporters The Government of India offers various schemes and incentives to exporters to boost exports, enhance competitiveness, and compensate for the duties and taxes incurred in the export process. Here are some of the major government benefits for exporters in India, with a short explanation: Duty Drawback Scheme (DBK) What it is:… Read More »
Points to Take Care of while Importing in to India Before importing one should take care of the below points for a fair and smooth import: Correct HS Code Classification The HS code determines duty rates and compliance requirements. A wrong HS code can either increase your costs or lead to customs objections. Example: Classifying… Read More »