INCOTERMS
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Understanding INCOTERMS: A Comprehensive Guide to International Trade Terms and Their Usage

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…

Traditional Medicine

First-Ever ‘SCO B2B Conference and Expo on Traditional Medicine’ Generates ₹590 Crores in Trade Interest

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…

Terms of payment in exports

Simplifying International Trade Payments: Exploring Payment Terms for Indian Exporters

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…

IEC
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How to Obtain an Importer-Exporter Code (IEC) from DGFT: A Step-by-Step Guide for Indian Exporters

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…

Exim Bank forecasts India’s merchandise exports for Q3 of FY2023 to amount to US$ 100.5 bn

Export-Import Bank of India (Exim Bank) forecasts India’s total merchandise exports to remain above US$ 100 bn (US$ 100.5 bn) during the third quarter (October-December) of FY2023, notwithstanding some y-o-y contraction (5.9% over the corresponding…