Posts

Showing posts with the label export

Import Duty On Goods

  IGST on import of goods When is IGST applicable? IGST full form is the Integrated Goods and Services Tax. IGST became law in 2017, and is an aggregate tax pulling in several older tax types. This makes calculations simpler, saving traders time, and improving payment accuracy. Under IGST, taxes must be paid on interstate shipments and imports according to the IGST rate for the specific goods being shipped. IGST is paid to the end-point state for any goods - or services - being imported into India. How to pay custom duty in India? You can pay Indian import duty online easily through ICEGATE. Here’s how: Go to the ICEGATE e-payment portal Log in using your ICEGATE credentials, or enter your import/export code Click on the e-payment option Check the payments outstanding in your name - these are shown as e-challans, electronic payment demands Choose which challan you want to pay, and click to select the payment method You’ll be redirected to the bank you select to process payment Once...

11 Documents Required for Exporting

Image
 You’ve heard people talk about how to do the sexy part of exporting—the research, the schmoozing, the travel and all the marketing and sales stuff that people think about when they think about the glamour of international trade. But what I want to talk about is the not-so-sexy part of exporting: the basic export documents required for international shipping. It’s the stuff you need to do—and do correctly—to successfully deliver goods and make money. I’d argue that this not-so-sexy part of exporting is more important than the sexier side but maybe that’s just because it’s what I’ve been focusing on for more than 5 years. With that in mind, here are 11 standard shipping documents for export that you need to understand in order to be successful. Proforma Invoice Commercial Invoice Packing List Certificates of Origin Certificate of Free Sale Shipper's Letter of Instruction  Inland Bill of Lading Ocean Bill of Lading Air Waybill  Dangerous Goods Forms Bank Draft Learn more ab...

WHAT IS THE PROCESS OF PORT REGISTRATION FOR EXPORT IN INDIA

 DOCUMENTS REQUIRED FOR PORT REGISTRATION PAN Card of Individual Company  IEC Copy Copy of GST Registration  Aadhar Card Copy of Proprietor (Or) Copy of Individuals if Partnership / Limited Company Adhar Card of Proprietor or Individuals if Partnership/ Limited Ad Code Letter From Bank Forwarding Letter Addressed to Assistant Commissioner of Custom Of Desired Port  Canceled Cheque Authorization Letter to CHA Note: This document is required for a first-time port register for export in India. Below is the required document for the exporter who has done the export and port registration process. Latest Passes S/Bil From Any Edit Port Past Shiping Bill From any Edi Port Balance Sheet of the Previous Year Copy of Last IT Return, VAT, Or Sales Tax Return Filed. GST Returns for the Latest 6 Months