Globalization has led the whole world as a single market. Small to large players try to put the cut-throat competition to the world players. This competition always demands the best import and export practices. However, there are certain procedures a business requires to fulfill to get the legal route for import and export. IEC, or… Read More »
When any kind of technology or source code is been released to that of a foreign national inside the country then that can be known as Deemed export. As there is deemed export there is deemed re-export. There is deemed re-export when the source code or the technology that was been released in during deemed… Read More »
A commercial export invoice is the most significant document/ paper in international trade. It is a document which is been reviewed by the freight forwarder, an insurance company, transporter, custom officer as well as an international banker. This kind of invoice would reflect details related to the fulfillment of the sales contract and would also… Read More »
With the cash- in- advance payment method, the exporter can avoid credit risk or the risk of non-payment since payment is been received prior to the transfer of ownership of the goods. Cash in Advance is a pre -payment method in which, an importer pays in advance for the items to be imported prior to… Read More »
Research is crucial to any success in import-export business, and it is important not to neglect this phase. In reality, an export exercise gets concluded successfully only after the exporter has been able to deliver the consignment in accordance with the export contract and receive payment for the goods. The fact is that one does… Read More »