Download Drawback Schedule (w.e.f. 15th November, 2016) - Indian Central Board of Excise and Customs

Download Drawback Schedule (w.e.f. 15th November, 2016) - Indian Central Board of Excise and Customs

By Unknown   12:55   No comments:

Drawback Schedule (w.e.f. 15th November, 2016)

Download Revised Drawback Schedule Foll All Industries - Indian Central Board of Excise and Customs (w.e.f. 15th November, 2016)

Click Here To Download

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How To Search Overseas Buyer?

How To Search Overseas Buyer?

By Unknown   11:43   No comments:

Find the some tips to find overseas buyer in International market.

1. Digital world changed each human being in the world widely for the past two decades. Information technology plays a vital role in all sectors especially in international business. Before 1990s, getting a contact of foreign buyer was a herculean task. Now world changed like anything. I will always put you as first tool of international marketing as the utilization of internet service.

How to use the service of internet in marketing your product?

a) As I have mentioned in previous article, launching of a quality website is a reflection of your firm and you can update time to time with necessary information about your product updating. You will get credibility and initial respect on your product and your firm as well. Uploading images of your product, manufacturing unit, manufacturing process etc. boost your reliability in international market.

b) Search Engine Optimization (SEO) plays a vital role in searching the content tags of your details by any one looking for a supplier of product similar to yours.

c) Joining with Social media like face book, twitter, plaxo, linked in. Do not forget to regulate false comments by proper administration.

d) You tube; flicker, e-magazines etc. also can be used to increase your export market.

e) Writing articles on your website helps the readers of internet to identify your caliber in the trade.

2. Effective communication plays an important role in business market. If you can effectively communicate with the buyer to convince the quality and price of your product, the buyer will surely take initiation to ask you send sample of your product and later place the order.

3. You can send samples as per buyer’s requirements. While sending export samples, at least two sets of samples to be drawn properly. One you can send to the buyer and one can be retained with you. The sample you retained helps you to match with the sample you sent to buyer while manufacturing or procuring, once you obtained final purchase order from buyer.

4. Attend in Trade fair, exhibit your product. There are many International Trade fairs conducting within the country and abroad, where you can exhibit your product to attract foreign buyers.

5. Export promotion agencies have different source of contacts in international level. They help you to guide proper marketing in the trade. They also extend their services in finding buyers for your product.

6. Commodity Board also plays a vital role in international marketing to help their members to find a foreign market. You can have a frequent contact with them for necessary sales leads to communicate.

7. Government Embassies: Respective Government embassies extend their service in helping exporters to find an international market in their country.

8. Personal meet: Once you have a personal contact, you can visit the buyer in person and generate a good business relationship.

9. Appointing an Agent: Some of the exporters appoint an agent in the targeting country, and through the said agent exporter orders are procured. All the required services are done by this agent including the technical problems if any.

10. Through contacts of friends and relatives: Personal relationship of friends and relatives also helps to generate a good business relationship between buyer and seller for mutual benefits. Also read -Terms of Payment in Export and Import What happens if overseas buyer not paid export bills discounted 

I hope, the above tips on how to get export order help you to generate a good business.

Comment below your thoughts on How to get Export Order from overseas buyer?

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Difference between a freight forwarder and clearing agent

Difference between a freight forwarder and clearing agent

By Unknown   10:40   No comments:

What is the difference between a freight forwarder and clearing agent?

This is one of the questions that many people ask.. The answer is that in the current economic and business scenario, the line dividing these two is quite thin...

Freight Forwarder: Essentially secures the business of various exporters and importers and has the ability/facility to

• storage the cargo belonging to the clients at their warehouse (usually all big forwarders have their own warehouses)
• arrange the distribution or "forwarding" of the cargo as per the instructions of their client.. This could be a regular routing or various routings
• negotiate freight rates with the shipping line to cover the interest of their clients
• book the cargo with the shipping line as per the requirement of the client
• prepare bills of lading and associated shipping/negotiating documentation (F178, Certificate of Origin, etc)
• issue their approved house bill of lading as applicable
• MAY or MAY NOT also do Customs Clearance
• may or may not be accredited to customs, port etc and cannot do customs clearance if not accredited
• almost viewed by clients as an alternative shipping line

Clearing Agent: Essentially takes care of the customs clearance aspect of the business...

• is a company accredited with the local customs authorities, border agencies, port etc
• arranges to pass the relevant documents at customs
• arrange for customs inspections as required
• check and process Duty and VAT payments as applicable
• apply for refunds etc where applicable
• cannot issue own bills of lading if not registered or acting as a freight forwarder

These are the major differences between a Freight Forwarder and Clearing Agent...

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Top 10 Indian and Chinese Exports

Top 10 Indian and Chinese Exports

By Unknown   12:04   No comments:

Over the world China trade is 14.9 % and India trade is 1.8 % (June 2016)

Top 10 Indian Exports

The following export product groups represent the highest dollar value in Indian global shipments during 2015. Also shown is the percentage share each export category represents in terms of overall exports from India.

1. Gems, precious metals: US$38.8 billion (14.7% of total exports)

2. Oil: $30.9 billion (11.7%)

3. Vehicles: $14.1 billion (5.3%)

4. Machines, engines, pumps: $13.2 billion (5%)

5. Pharmaceuticals: $12.5 billion (4.7%)

6. Organic chemicals: $11.2 billion (4.3%)

7. Clothing (not knit or crochet): $9.4 billion (3.5%)

8. Electronic equipment: $7.9 billion (3%)

9. Knit or crochet clothing: $7.8 billion (2.9%)

10. Cotton: $7.5 billion (2.8%)

Pharmaceuticals were the fastest-growing among the top 10 export categories, up 51.7% for the 5-year period starting in 2011.

In second place for improving export sales were vehicles which gained 36.7% led by cars.

Indian unknit and non-crocheted clothing posted the third-fastest gain in value at 34%.

The only declining category among the top 10 Indian exports was oil which was down by -45.3% particularly refined petroleum products.

Top 10 Chinese Exports

The following export product groups represent the highest dollar value in Chinese global shipments during 2015. Also shown is the percentage share each export category represents in terms of overall exports from China.

1. Electronic equipment: US$600.3 billion (26.3% of total exports)

2. Machines, engines, pumps: $364.5 billion (16%)

3. Furniture, lighting, signs: $98.7 billion (4.3%)

4. Knit or crochet clothing: $83.8 billion (3.7%)

5. Clothing (not knit or crochet): $78.5 billion (3.4%)

6. Medical, technical equipment: $73.8 billion (3.2%)

7. Plastics: $65.8 billion (2.9%)

8. Vehicles: $62.7 billion (2.7%)

9. Iron or steel products: $60.6 billion (2.7%)

10. Footwear: $53.6 billion (2.3%)

Furniture, lighting and signs were the fastest-growing among the top 10 export categories, up 66.4% for the 5-year period starting in 2011.

In second place for improving export sales were plastics which rose 44.9%.

Chinese electronic equipment posted the third-fastest gain in value at 34.7%, followed by footwear up by 28.5%.

The slowest-growing among the top 10 Chinese exports was machinery which appreciated a tepid 3% and knit or crochet clothing which was up by 4.6%.

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Indian Latest Foreign Trade Policy 2015 - 2020

Indian Latest Foreign Trade Policy 2015 - 2020

By Unknown   14:25   1 comment:

Foreign Trade Policy 2015-2020 of India is ready to declare on 1st of April, 2015 at Vigyan Bhawan at 3.30PM.

The new foreign trade policy 2015-2020 is kept ready to make necessary shape after forming new Government,on 1st of April, 2015. However, the validity of Foreign Trade Policy 2015-2020 will be with effect from the first notification at the time of declaration of FTP 2015-20. The FTP 2015-20 comes in to force with effect from 01st April 2015. 

Changes in schemes and incentives are expected in new Foreign Trade Policy 2015-20. However, the status quo might be maintained under some of the schemes. The priorities of policies taken by new government also are likely to be incorporated in new Foreign Trade Policy 2015-2020 (FTP 2015-20).

Click Here to Download Indian Foreign Trade Policy 2015 - 2020

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