In international trade, various documents are used to facilitate the movement of goods from one country to another. Two of the essential documents used in this process are the shipping bill and the bill of…
The Chemicals and Allied Products Export Promotion Council, commonly known as Capexil, is a government-recognized organization that was established in 1958 by the Ministry of Commerce and Industry, Government of India. Capexil is responsible for…
Assam, a state in northeastern India, has a diverse economy with a mix of industries, agriculture, and natural resources. However, despite its vast natural and mineral resources, the per capita Gross State Domestic Product (GSDP)…
Introduction International trade involves complex processes and various risks for buyers and sellers. To ensure clarity and consistency in trade transactions, the International Chamber of Commerce (ICC) developed a set of standardized trade terms called…
The first-ever ‘SCO B2B Conference and Expo on Traditional Medicine’ held under the SCO initiative concluded successfully on March 3, 2023, in Guwahati, Assam, generating an incremental trade interest of over ₹590 crores. The conference…
International trade requires secure and reliable payment methods that provide assurance to both the exporter and the importer. There are various payment terms available for Indian exporters to use in conducting international trade transactions, including…
India has a rich cultural and economic heritage, making it an attractive destination for entrepreneurs looking to expand their businesses globally. With a population of over 1.3 billion and a rapidly growing economy, India offers…
India is a country with a huge potential for exports, as it has a large and diverse market, a skilled workforce, a favorable exchange rate, and a supportive government policy. However, starting an export business…
Importer-Exporter Code (IEC) is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to individuals or entities involved in the export and import of goods and services from India. Obtaining an…
Effective from 28th February 2023, ECGC has downgraded its underwriting policy on Egypt, changing its country rating from B2 to C1. This change will also modify the type of cover from Open Cover to Restricted…