Month: September 2024

What is Crating in Exports and Imports In the world of international trade, ensuring the safe and efficient transport of goods is paramount. One crucial aspect of this process is crating. Crating involves the use of wooden crates or boxes to protect and support goods during transit. Whether you’re an…

Procedures to claim brand rate of draw back In the landscape of international trade, the duty drawback scheme is a vital mechanism for exporters to reclaim duties and taxes paid on imported goods. Among the different types of duty drawback available in India, the Brand Rate Drawback stands out as…

How does Letter of Credit work? In the intricate world of international trade, ensuring that transactions are secure and reliable is paramount. One financial instrument that plays a crucial role in facilitating such transactions is the Letter of Credit (LoC). This instrument provides a secure method for buyers and sellers…

An Introduction of Duty Drawback In the realm of international trade, Indian businesses have the opportunity to leverage duty drawback schemes to optimize costs and enhance profitability. Duty drawback, as administered by Indian customs authorities, offers a mechanism for businesses to recover duties and taxes paid on imported goods that…