Friday, August 11, 2023

What is DGFT ?

The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India responsible for administering laws regarding foreign trade.


what is DGFT certificate ?

It gives an assurance from a foreign agency that the products listed on the certificate are freely sold and manufactured in the country seeking to export a particular item.




यह निदेशालय, जिसका मुख्यालय नई दिल्ली में है, भारत के निर्यात को बढ़ावा देने के मुख्य उद्देश्य के साथ विदेश व्यापार नीति तैयार करने और लागू करने के लिए जिम्मेदार है। डीजीएफटी निर्यातकों को स्क्रिप/प्राधिकरण भी जारी करता है और 24 क्षेत्रीय कार्यालयों के नेटवर्क के माध्यम से उनके संबंधित दायित्वों की निगरानी करता है


For more information give comment in comment box

Contact for custom clearance export/import and transportation 
amarjeetnaharwalgmail.com

Thursday, August 10, 2023

What is Shipping Bill in export

 what is shipping bill? 

A shipping bill is a crucial document in international trade and shipping that is issued by the customs authorities of a country when goods are being exported. It contains important information related to the exported goods, the exporter, the importer, and the shipping details. The purpose of a shipping bill is to facilitate the legal and logistical aspects of exporting goods from one country to another.

Key information typically included in a shipping bill may consist of:





1. Exporter Details: Information about the individual or company exporting the goods, including their name, address, contact details, and tax identification number.


2. Goods Description: A detailed description of the goods being exported, including their quantity, value, weight, dimensions, and any relevant product codes or classifications.


3. Commodity Codes: These are standardized codes used to classify different types of goods for customs and trade purposes, such as Harmonized System (HS) codes.


4. Value of Goods: The declared value of the goods being exported, which is important for customs valuation and tariff calculations.



5. Shipping Details: Information about the mode of transportation (such as sea, air, road, or rail), the vessel or carrier's name, voyage details, container numbers (if applicable), and the port of loading and destination.


6. Declaration: A declaration by the exporter confirming the accuracy of the information provided and stating that the goods being exported comply with all applicable laws and regulations.


7. Customs Declaration: Information required by customs authorities for assessment of duties, taxes, and compliance with trade regulations.


8.Incoterms: These are international trade terms that define the responsibilities and obligations of the buyer and seller during the transportation of goods, including who bears the risks and costs at various stages of the shipping process.



9.Supporting Documents: The shipping bill may need to be accompanied by other documents, such as invoices, packing lists, certificates of origin, certificates of analysis (if applicable), and any licenses or permits required for exporting specific goods.


The shipping bill plays a crucial role in ensuring the smooth movement of goods across international borders while complying with customs and trade regulations. It serves as an important record for both the exporting and importing
parties, as well as for customs authorities and other relevant stakeholders involved in the trade process.



For more questions please comment in comment box .


Contact for custom clearance export/import 
amarjeetnaharwal@gmail.com








"Ultimate Guide to Launching a Successful Export Business: Step-by-Step Strategies and Insider Insights"

 "how can we start export business"


Starting an export business can be an exciting venture, but it requires careful planning and execution. Here's a step-by-step guide to help you get started:



1. Market Research: Identify the product(s) you want to export and conduct thorough market research. Analyze demand, competition, pricing, and regulations in your target market(s).


2. Select a Niche: Choose a specific niche or product category that aligns with your expertise and market demand. Focusing on a niche can help you stand out and build a strong reputation.


3. Business Plan: Develop a comprehensive business plan that outlines your goals, target markets, competitive analysis, marketing strategies, financial projections, and operational details.



4. Legal Formalities: 
  1. .Business Registration: Register your business entity, whether it's a sole proprietorship, partnership, LLC, or corporation.
  2. .Export License: Depending on your country and the nature of the goods, you might need an export license or permit. Check with your local export authority.
  3. .Taxation and Customs: Understand tax implications, customs duties, and other regulations related to exporting from your country.
5. Supplier Selection: Identify reliable suppliers who can provide quality products consistently. Establish strong communication and clear terms with them.





6. Quality Control: Implement rigorous quality control measures to ensure that the products meet international standards and the expectations of your overseas customers.


7. Pricing Strategy: Set competitive and profitable pricing for your products. Consider factors like production costs, shipping, taxes, and market demand.




8. Logistics and Shipping:
  • Shipping Options: Choose between air, sea, or land freight based on the nature of your products and your target market.
  • Packaging: Ensure your products are packaged securely and in compliance with international shipping standards.
  • Shipping Partners: Collaborate with reliable shipping and logistics partners to handle transportation and customs clearance efficiently.


9. Documentation:

  • Export Documentation: Prepare all necessary export documentation, including invoices, packing lists, certificates of origin, and any other required paperwork.
  • Customs Clearance: Familiarize yourself with the customs requirements of the destination country and ensure your documentation is accurate and complete.

10. Payment Methods:

  • Secure Payment: Choose secure payment methods that protect both you and your overseas buyers. Consider options like letters of credit, advance payments, or escrow services.
  • Currency Exchange: Be aware of currency exchange rates and potential fluctuations that could impact your pricing and profits. 
  • Marketing and Sales: Online Presence: Create a professional website and leverage social media to showcase your products and attract potential international buyers.
  • Networking: Attend trade fairs, exhibitions, and industry events to connect with potential customers and partners.
  • Compliance and Regulations: Stay updated on international trade regulations, sanctions, and any changes that could affect your business operations.
  • Customer Support: Provide excellent customer support to address inquiries, resolve issues, and build strong relationships with your international customers.
  • Scaling: As your export business grows, continuously evaluate and adjust your strategies, expand your product offerings, and explore new markets.

Remember that starting an export business requires dedication, patience, and adaptability. It's important to build a strong foundation and seek professional advice when needed, especially in areas like legal compliance and international trade regulations.


Contact for custom clearance export/import and transportation 
amarjeetnaharwal@gmail.com

Wednesday, August 9, 2023

How export is beneficial for us ?


How export is beneficial for us ? 

Exporting refers to the sale of goods and services produced within a country to foreign markets. It can bring numerous benefits to individuals, businesses, and economies as a whole. Here are some of the key benefits of exporting:


Economic Growth and Expansion: Exporting can stimulate economic growth by increasing the demand for goods and services produced domestically. It opens up new markets for businesses to sell their products, which can lead to increased production, job creation, and overall economic expansion.



Diversification of Markets: Relying solely on domestic markets can expose businesses to economic fluctuations and risks. Exporting allows businesses to diversify their customer base and reduce their dependence on any single market, making them more resilient to economic downturns in their home country.


Increased Revenue and Profit: Entering international markets can lead to increased sales and revenue. Businesses that successfully export their products can tap into larger customer bases, potentially resulting in higher profits.


Scale Efficiency: As businesses expand their production to meet international demand, they can achieve economies of scale, which can lower production costs and improve their competitive advantage.


Technological Innovation: Exporting can drive businesses to innovate and improve their products and services to meet the diverse needs and preferences of global customers. This can lead to technological advancements that benefit both the exporting business and the industry as a whole.




Enhanced Competitiveness: Competing in international markets often requires businesses to enhance their quality, branding, and overall competitiveness. This can lead to improvements in product and service offerings, benefiting domestic and international customers alike.


Cultural Exchange and Understanding: Exporting fosters cultural exchange and understanding between different countries and cultures. It promotes communication, collaboration, and the sharing of ideas and values across borders.


Foreign Exchange Earnings: Exporting generates foreign exchange earnings, which can help stabilize a country's balance of payments and support its currency value.




Job Creation: Expanding into international markets can create job opportunities within a business, especially in areas like production, distribution, marketing, and logistics. This contributes to lower unemployment rates and economic growth.


Access to Resources and Raw Materials: Exporting can provide businesses with access to resources and raw materials that may not be readily available in their home country. This can lead to cost savings and improved supply chain efficiency.


Learning Opportunities: Exporting exposes businesses to different business practices, regulations, and market dynamics. This learning experience can lead to the acquisition of valuable skills and knowledge that can be applied in various contexts.


Global Reputation and Brand Building: A successful export strategy can enhance a business's reputation on the global stage. Positive experiences with international customers can lead to strong brand recognition and customer loyalty.

It's important to note that exporting also comes with challenges and risks, including cultural differences, trade barriers, regulatory complexities, and currency fluctuations. However, with careful planning, research, and strategic execution, businesses can harness the benefits of exporting to drive growth and success.


What is export ?

exporting is the process of selling goods and services from one country to another, benefiting economies, creating jobs, and fostering international connections.

Exporting is an important part of a country's economy. When a country produces goods (products) or services (like software, tourism, or consulting), it can sell them to people or businesses in other countries. This process of selling these goods and services to other countries is known as exporting.



Exports can include physical products that are shipped across borders, such as clothes, cars, electronics, and food. But they can also include services like entertainment, banking, and education, where people from one country provide their expertise or skills to customers in another country.



Exporting is a way for countries to make money and create jobs. When a country's businesses export their products or services, they earn money from the sales. This money can then be used to invest in their own economy, improve infrastructure, create new jobs, and even develop new technologies.



In addition to economic benefits, exporting can also foster international relationships and cultural exchange. It allows different countries to connect and share their unique resources, products, and ideas with one another, promoting a sense of global interconnectedness.

However, exporting also involves challenges, such as dealing with different laws and regulations in different countries, managing transportation and logistics, and competing with other businesses on a global scale. Countries often have trade agreements and organizations that help facilitate and regulate the process of exporting to ensure fairness and smooth transactions between nations.



Export, in simple language, means selling or sending goods or services from one country to another. It's like when a country produces something (like cars, electronics, or food) and then sells or trades those things to other countries. This helps a country make money and also lets people in other places get things they might not have in their own country. So, exporting is a way countries share what they make with the rest of the world.







What is DGFT ?

The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of India responsi...