Tag: learn export import

Terms like these are generally found in sale contracts of exporters and importer, a shipping company that transports cargo, and other related documents. Join import-export consultancy services and learn more about shipping & logistics.  For Example- It is unlikely that your overseas buyer will be able to pick up your shipment at the discharge port. In every country, there are customs-controlled cargo freight stations. Once the cargo arrives at the discharge port, it can be moved to your nearest freight station and you can complete the import customs requirements there. When specifying the delivery place with the supplier, make sure to specify it in the contract.  In other words, the carrier picks up the freight amount and de-stuffs the cargo at the spot of delivery, where the customs department functions. These arrangements are usually made by rail or road movement.  The ‘Port of Discharge’ is the destination port of a vessel or flight for discharging goods.  Importers may complete customs procedures at ports of discharge once the cargo has been unloaded, or they may arrange for the cargo to be transported to the nearest freight station where customs offices are located. Your carrier may arrange to transport your cargo to the location by rail or by road.  Did you like our article? Do share your feedback and experience.   The above information is a part of the Digital Exim Online Training Course.   

For More Knowledge Read Our Article On-

Different Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is a Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business? 

Role of the Indian Embassy in Export Import 

What is a Bill of Exchange? What is a Letter of Credit? 

What is a Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters? What is Registration Cum Membership Certificate? What is DGFT and Its Role? 

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India is a land surrounded by oceans in the peninsular regions. This makes up a majority of the land’s surface. Export-import trade relies a lot on a continuous flow of the supply chain, which stands true for most businesses. A warehouse is a key factor to keep the supply chain effective!

Let’s first see what is a warehouse. So if we go by the definition, a warehouse is a large building where raw materials or manufactured goods may be stored before their distribution for sale. 

About a decade ago, the term “warehouse” would conjure images of dusty godowns – buildings of an undefined shape located in the outer limits of cities, structures with no more than 4 walls, stacked haphazardly with inventory from floor to ceiling. Fast forward to 2020, and warehousing is not only a highly sought-after sub-set of the commercial real estate asset class but is also a pivotal part of India’s logistics sector.

However, there are still many warehouses that are old and dingy in which goods can neither be stored properly nor be secured adequately. It is estimated that India will draw a whopping $10 billion investment through the warehousing and logistics industry in the coming years, thereby, fostering the demand for smart assets.

With India running towards the development of new technology and efficient management processes, warehouses are not untouched. Companies like Amazon are managing warehouses very effectively and it is a lesson every conventional warehouse owner must learn.

For any supply chain to work properly it becomes inevitable that the warehouses are in good shape and the goods stored there are safe and secured.

Here’s a list of Smart Warehouse features that if implanted properly will exponentially increase the efficiency of the supply chain.

• Automatic Gate management:

A contactless Gate management system can track not only the vehicles passing to and for but also the visitors and employees through mobility apps. Applications can also be developed that can provide one-stop access and billing requests, electricity and water consumption, among many other features.

• Introduction of Robotics and Virtual AI Tours:

The introduction of Robotics and automation could prove to be next-generation work for industrial and logistics across India. This will help companies who want to start operations in India to make their business decisions significantly faster and thereby go to market faster.

Automation will help clients reduce their operating costs and optimise their inventory and workforce, thereby gaining a competitive advantage in their industry.

A virtual tour gives a 360-degree view of the park and will provide a real-time experience of the warehouses. In this current situation, this Virtual tour may prove to be beneficial for the safety of the working staff and other visitors.

• Keeping pandemic guidelines in mind:

The new Warehouse system should provide ready infrastructure to achieve the required operational facilities. From implementing contactless visitor management systems to security cabins equipped with temperature guns for daily screening, and features that ensure elevator buttons are pushed without contact and foot-operated hand-wash set-up. 

It must be assured that both the employees and visitors are safe along with the goods stored there.

To include these smart and futuristic features in the warehouse, an overall warehouse management system must also be formulated.

Given that, we bring to you three exceptional warehousing technologies that are constructively shaping the warehousing sector of India and are sure to beget even more fruitful results shortly. 

• Warehouse Management System:

A consolidated software that smartly manages every critical process of a warehouse cover to cover, a WMS provides the members of the supply chain with a detailed working view besides prominent real-time data.

 A much-needed contrivance, it perfectly enhances the autonomous processes, delivering advantages like real-time access that improves discernibility, precise demand projecting, competent labour division, simplified internal processes, inventory and pick exactitude, and great supplier and customer associations among many others.

• Inventory Control System:

From automatically tracking huge shipments to ensuring stringent quality control, an autonomous Inventory Control System is a must-have for the rapidly growing warehousing sector.

 A lot of warehouses still rely on pen and paper to figure out their inventory logging. Not only are these manual processes highly susceptible to errors but also cumbersome. Inventory Control Systems, on the other hand, include software and hardware that automatically manage the process of tracking inventory.

 Based on the advanced wireless barcode technology, these systems function in real time and facilitate tracking of orders and shipments in a warehouse. It also enables systematized order processing and provides the most accurate reports that can be conveniently retrieved anywhere, anytime.

• IoT Implementation:

The Internet of Things (IoT) is taking the world by storm and rightfully so. To meet the growing requisites, the Indian warehousing sector is gradually shifting to IoT. 

Levelling up inventory management in a warehouse, IoT not only implements drones to foster productivity by reducing risks but also leverages automated guided vehicles that do not require any human interference.

 Moreover, with advanced blockchain technology facilitated by IoT, inventory managers can have the required discernibility and make the most pre-emptive decisions as well as predict demand-based data logs.

Other benefits of IoT-facilitated technologies include accurate measurement of conditions like temperature and moisture (using sensors), enhanced protection and reduction in the events of theft and forgery synchronisation of data for easy accessibility, improved labour planning and many more.

The past decade has witnessed logistics and supply chain management assume the role of a profit driver instead of an ‘overhead cost’. Therefore, many businesses such as e-commerce and manufacturing etc. have started outsourcing a major portion of their operations to warehousing companies. 

This has further increased the demand for a more systematic approach expedited by smart technologies. Cloud-based management services besides mechanised equipment assisted by IoT can no longer be considered discretionary. 

With growing demand, supply chain management transparency has become indispensable and can be achieved by employing automated systems that are flexible and contribute tremendously to the dynamic supply chain, without losing on the client-focused, service approach.

With enhanced exposure in the global market, large-scale domestic and international investments and advanced technological innovation, the future of warehousing and the supply chain are all set to witness the best in emerging technologies.

All this can be done if only the willingness and technology are established and maintained. 

If you wish to read more on Export Import Trade, here’s a link to our BLOG:

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Export and import plays an important role in the growth of any country. India is one of the fastest growing export countries. Merchandise exports from India hit a record high of $35.2 billion in July 2021. India is rich in resources and Indian Exporters are in the export import Trade for a long time to sense the opportunity and dive deep into it! The Indian government gives so many benefits to increase the export of the country. If you still are wondering which product to start with, import export training courses will assist you in International Trade.

What is DGFT?

DGFT stands for Directorate General of Foreign Trade (DGFT), is India’s official administering body for imports and exports. DGFT is responsible for exim guidelines and principles for importers and exporters of the country. DGFT was known as the Chief Controller of Imports & Exports (CCI&E) before 1991. As a government body, DGFT strives to maintain and develop exports and trade relationships with different countries.

Role and Functions of DGFT-

DGFT performs its functions in coordination with the state government and all the other departments of the Ministry of Commerce and Industry, Government of India. Some of the major functions of DGFT are-

• Licensing of import and export.
• Formulation and implementation of various trade policies, particularly the Foreign Trade policy.
• Assisting states to develop their infrastructure for exports.
• Formulation and implementation of promotional schemes.
• Establish and control the standard norms for input and output.
• To allocate the tariff rate quota.
• To promote trade with neighbouring countries.
• To make Changes and addition of new codes in ITC- HS Code.
• Setting standard input- output norms.
• Funding export promotion councils, industry and trade associations, agencies of state government. On their various endeavors.
• Platform for using eBRC
• Inform about goods which cannot be exported freely under Export Policy Schedule 2 .
• Grant Export Licenses for restricted items.

Importance of DGFT-

• DGFT helps in improving not only the economic growth but also provides a certain impetus needed in the trade industry.
• It plays an important role to issue Notifications, Public notices, Circulars, etc.
• It grants 10 digit IEC, which is the primary requirement of import export.
• DGFT introduces different schemes from time to time regarding benefits throughout the country. 

How DGFT Regulate Trade from India-

DGFT is responsible for formulating and implementing the Foreign Trade Policy with the main objective of promoting India’s exports. The DGFT also issues scripts/ authorization to exports and monitors their corresponding obligations through a network of 24 regional offices. All regional offices provides facilitation to exporters in regard to development in international trade i.e. WTO agreements to help exporters in their import and export decision in an internationally dynamic environment. Sometimes you may have difficulty in understanding the policies and need an expert to make it clear for you. Digital Exim can help you in all your problems of export import. Digital Exim provides India’s only Integrated Export, Import, Shipping, & Logistics Program. Get your doubts clear from one of the best export import business consultancy in India. We give you training and personal consultancy with our years of experienced trade managers. Attend live classes, interact with them and get your problem solved. Joint with us to know A to Z of International trade. Digital Exim export and import training covers all the aspects of export import with our special guidance. Do give us a visit !

Taliban taking over Afghanistan has impacted many including Indian and Indian traders. Taliban have stopped all trade with India. Indian traders face huge losses within the import-export business. Import-export business courses can assist you in affecting your trade business. Taliban takeover of Afghanistan has impacted the bilateral trade between the two countries. Earlier, in 2019-2020 the bilateral trade reached $1.5 billion and in 2020-2021 the trade reached $1.4 billion. Exports from India were $826 million. Currently, many shipments are stuck and large payments are due which can cause heavy losses to the traders.

The Bilateral Trade

• India is one of the most important trade partners of Afghanistan. We depend on Afghanistan for dry fruits like walnuts, pistachios, raisins, almonds, figs, pine nuts, dried apricots, and fresh fruits.
•  India imports around 85% of dry fruits from Afghanistan. 
• Whereas Afghanistan was importing pepper, tea, coffee, garments, sugar, medical equipment and hardware materials from India.

Goods imported from Afghanistan are now doubled and tripled because of the product shortage and the arrival of the festive season. This has affected the domestic market and hence affected a standard man’s pocket. As we all know, the demand for dry fruits in Indian festivals increases.  India exported 8% of its sugar production to Afghanistan in the previous year. By purchasing 6,24,000 tonnes of sugar Afghanistan became the second-biggest buyer of India. Imagine the loss traders are getting to be facing with this uncertainty, which can take months or years to recover. Even if the trade starts now Indians are going to be still in loss as many of the Afghans have left the country. The demand for the products exported from India will eventually drop.  Talking about the imports, India imports about 60% of Asafoetida from Afghanistan. Not getting the imports affects the domestic traders and domestic trade. As Indian foods are incomplete without spices.   With the halt in trade between the two countries, traders may have to seek out an alternative soon for both the export and import of products. Traders have already faced huge losses in just 1-2 months.  

Factors affecting Indian Traders after the Afghanistan Crisis-

1 The uncertain political scenario- This uncertainty for an extended time is affecting the traders of India. The political scenario of Afghanistan is still known and with that, no one knows the upcoming trade laws of the country. 2 Payment due of exporters- Due to sudden uncertainty many shipments are stuck and large payments are due which can cause heavy losses to the traders. 3 Decreasing economy of the country- Within just one month Afghanistan’s economy has dropped which will become a problem for Indian traders in the future also.   With the bilateral trade shutting down, the Indian government and the Taliban are yet to settle for a trade agreement. India has featured a trade relationship with Afghans for the past 20 years Over the last 5 years, India’s exports have risen by 63%. In this crisis Pakistan has also played its game and denied India trade access with Afghanistan. India export items are shipped from Karachi port and then again loaded within the trucks to deliver to Afghanistan. Now Indian Traders may soon need to find a third country for the trade. Until the Indian government and Afghanistan trade start, traders need to find different countries to export and import the needed products. Hopefully Taliban’s understand the importance of trade and economic development through trade and shortly share an honest trade relationship with India like before.    Want to know more about Export import business, can visit the link below: https://digitalexim.com/blog/ Visit us to know A to Z of the Exim Industry.

RCMC is an authentication certificates that verify that an exporter is dealing with products registered with the government and that the products are legitimate. These certificates are issued by the organizations that certify exporters and importers. Import-export training in India is the best place to Know about RCMC and its importance. Import-export business classes will guide you to start your business.   It is valid for five years. It is issued by the Export Promotion Council (EPC) and the Community Board of India. Exporters must obtain a Registration Cum Membership Certificate (RCMC) to take advantage of benefits provided by the Foreign Trade Policy. For more information read this export import blog on RCMC.  When applying for an RCMC, an exporter must declare his mainstream business in their application, which will be submitted to the Export Promotion Council/ Commodity Board.   This RCMC will be valid from the first of April of the licensing year when it is issued until the end of the licensing year on 31st March.   RCMC is mandatory for anyone who is importing or exporting restricted items or anyone seeking benefits or concessions under Foreign Trade Policy (FTP) such as duty drawbacks and duty credit schemes.

Need of RCMC?  

• An RCMC is one of the mandatory documents needed to qualify for export incentives and subsidies under schemes like MEIS, RoSCTL, RoDTEP, SEIS, Advance License, EPCG, and so on. 
• To obtain a Letter of Undertaking (LUT) under GST for the export of goods without paying duty. 
• As an alternative to the regular GST on a product, merchant exporters can acquire goods that will be exported for 0.1% GST. 

Application Procedure 

For exporter registration with the applicable EPC, the form ANF 2C must be completed. Exporters can be registered under two categories: one for the manufacturing exporter and another for the merchant exporter. For manufacturing exporter registration, a proof of the same must be submitted. 

Document required-  

• Copy of the Import Export Code issued by the DGFT with self-attestation. 
• A self-certified copy of the Permanent Account Number (PAN) issued by the competent authority. 
• Copies of the Partnership Deeds in the case of a partnership firm. 
• Copy of the applicant’s manufacturer’s license if he or she is in the manufacturing sector. 
• Provide the names, residential addresses, contact numbers, and any other relevant information about the Partners/Directors. 
• A copy of the Memorandum of Association (MOA) and Articles of Association (AOA) (in case of a corporation). 

• Copy of the self-certified certificate issued by the Registrar of Companies in connection with a company’s change of registered office.
• Copies of self-certified GST registration certificates. 
• A self-certified copy of the Trust’s Deed (For trusts, institutions and corporations). 
• You must pay the membership fee to the ‘Services Export Promotion Council’ either in Demand Draft or by remitting the membership fee by check payable at branches of the ‘Services Export Promotion Council’.  

RCMC holders who have changed ownership, constitution, name or address of their organization must inform the registering authority of the change within one month following the occurrence. The registering authority accepts reasonable reasons for delays. 

List of Export Promotion Council: 

1 Agricultural and Processed Food Products Export Development Authority (APEDA)-  https://apeda.gov.in/apedawebsite/index.html  2 Apparel Export Promotion Council (AEPC)-  https://www.aepcindia.com/node  3 Basic Chemicals, Cosmetics and Dyes Export Promotion Council (Chemexcil)-  https://chemexcil.in/  4 Carpet Export Promotion Council (CEPC)-  https://www.indiancarpets.com/  5 Cashew Export Promotion Council of India (CEPCI)  https://www.cashewindia.org/   6 Chemicals and Allied Products Export Promotion Council (CAPEXIL)  https://capexil.org/  7 Coffee Board  https://www.indiacoffee.org/  8 Coir Board  https://coirboard.gov.in/  9 Council for Leather Exports (CLE)  https://leatherindia.org/   10 Engineering Export Promotion Council (EEPC)  https://www.eepcindia.org/   11 Export Promotion Council for Handicrafts (EPCH)  https://epch.in/   12 Gem and Jewellery Export Promotion Council (GJEPC)  https://gjepc.org/   13 Handloom Export Promotion Council (HEPC)  https://www.hepcindia.com/   14 Indian Oil Seeds and Produce Export Promotion Council (IOPEPC)  https://www.iopepc.org/   15 Indian Silk Export Promotion Council (ISEPC)  https://theindiansilkexportpromotioncouncil.com/  16 Jute Products Development & Export Promotion Council (JPDEPC)  https://www.jpdepc.org/  17 Marine Products Export Development Authority (MPEDA)  https://mpeda.gov.in/  18 Pharmaceutical Export Promotion Council (PHARMEXCIL)  https://pharmexcil.com/  19 Rubber Board  https://rubberboard.org.in/public  20 Power loom Development & Export Promotion council (PDEXCIL)  https://www.pdexcil.org/  21 Project Exports Promotion Council of India (PEPC)  https://www.projectexports.com/   22 Services Export Promotion Council (SEPC)  https://www.servicesepc.org/   23 Shellac and Forest Products Export Promotion Council (SHEFEXIL)  https://www.shellacepc.com/   24 Spices Board  https://www.indianspices.com/  25 Sports Goods Export Promotion Council (SGEPC)  https://www.sportsgoodsindia.org/  26 The Cotton Textiles Export Promotion Council (TEXPROCIL)   https://www.texprocil.org/  27 The Plastics Export Promotion Council (PLEXCONCIL)  https://plexconcil.org/  28 The Synthetic and Rayon Export Promotion Council (SRTEPC)  https://www.srtepc.org/  29 Tea Board  https://www.teaboard.gov.in/   30 Tobacco Board  https://tobaccoboard.com/indexeng.php  31 Wool and Woolens Export Promotion Council (WWEPC)  https://www.wwepcindia.com/  32 Handicrafts Business Promotion (TOOFANI)  https://www.tooofani.com/

Conclusion-  

In India, there are 26 Export Promotion Councils (EPC) and 9 commodities boards. Commodities boards and Export promotion Councils are the ones to issue RCMCs as they are authorized to do so by the Central Government. Import export training course provided by Digital Exim will give you insight into knowledge of international trade.   If you are really interested in learning export import join our live webinar. For more click the link below  https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do visit our Website!   

India is continuously growing in the export sector. India has made one of the highest export businesses this year and still aiming to achieve more growth. Import-export courses online help in dealing with different factors of export and import. Export plays a major role in the economic development of any country. Import-export training in Ahmedabad explains trade relations between Sri Lanka and Tamil Nadu. India has been the largest trading partner of Sri Lanka for ages. India had traditionally been a major source for Sri Lanka. Trade between both countries grew rapidly after the entry into force of the India-Sri Lanka Free Trade Agreement in March 2020. India’s exports to Sri Lanka were US $3.22 billion in 2020. Exports from India to Sri Lanka in 2018 were US $4.16 billion while exports from Sri Lanka were US $767 million.

Sri Lanka is One of the friendly export opportunities for an exporter of Tamil Nadu because :

Nearest Country-  Sri Lanka is the nearest overseas market to Tamil Nadu and provides one of the best opportunities to do international business. As Sri Lanka is a small country and lacks many resources and needs imports for domestic use, India is the nearest country with lots of resources and export opportunities. Easy Transportation-  Export import transportation is much easier between Tamil Nadu and Sri Lanka. You can easily ship your products by water or air, being waterways are the best, cheapest, and easy transport. Language- Some parts of Tamil Nadu and Sri Lanka have almost the same language. The same language breaks the trade barrier and creates a better understanding between the exporter and importer. Easy visit- Most of it is difficult to visit your trade partner’s place and cross-check by themselves. But being both the places are not far, exporters from Tamil Nadu can easily visit Sri Lanka to verify the importer, that is not fake or fraudulent.

What does India export to Sri Lanka?

• Mineral fuels, oil, and distillation products-  $334.26 M
• Ships, boats- $297.96 M
• Pharmaceutical products- $297.96 M
• Sugar and sugar confectionery-   $200.80 M
• Iron and steel- $194.78 M
• Cotton- $190.10 M
• Knitted or crocheted fabric- $185.83 M
• Machinery, nuclear reactors, boilers-   $173.78 M
• Vehicles other than railways- $150.02 M
• Coffee, tea, mate, and spices- $110.21 M

Other export items are-  Portland cement, rice, cement clinkers, etc.

What are the best items to export from Tamil Nadu?

• Agricultural products
• Textile products
• Flowers
• Leather and leather products
• Automotive products

An export business just needs knowledge and lots of dedication and nothing is impossible. There is a huge opportunity to trade between Tamil Nadu and Sri Lanka. So, stop thinking and start your export business. Digital Exim can help you in starting your export business.  Digital Exim provides export import classes, 6 month consultancy, and life time help desk. We have been in the trade business for years and our experts are there to teach export import through their experience. To make a better career in export-import business join our training program and we will help you be an entrepreneur or getting a job you love. Do give us a visit!

With the process of international trade becoming a necessity for every country, the export-import field has become very promising and rewarding. Import-export consultancy services provide some of the best export-import training programs to enhance the skills and talent of candidates. Export-import training teaches candidates the whole process of how to set up a company or firm, documentation, financial process, payments, and everything that is needed to export or import a product.

Why to do Export Import-

• It Provides a Large Market which results in more buyer/sellers.
• Export Import helps in employment generation.
• Large markets provides more profits to investor.
• International trade can be helpful at time of crisis.

After export import training one can make a good start of his/her career as a trainee or fresher and can command a higher salary as understanding increases. One can work on MNCs and big private companies and earn a handsome amount.

Career Opportunities after Export Import Training-

One gets a highly paid job opportunity after doing an export import course.

• One can be export manager, import manager, export sales manager, freight manager, logistics coordinator, international supplies logistic management, import and export operational controller.
• Opportunity to get recruitment in Custom Procedures, Customs house agent, Supply chain management.
• Candidates can work in different sectors like marine insurance companies, export departments, trading houses, development authorities and commodity boards, export processing zones, export promotion councils, etc..
• One who is already work in this sector can get promotion in the existing job.
• After the training you can easily get a job in any company, gain knowledge and experience and then you can start your own export import.
• And the most important thing is you can start your own business after export import management course. 

There are many big companies that hire such people like Tata Motors, Mahindra & Mahindra, Indian Oil, Reliance Industries, ITC, etc.

Importance of doing Export Import Training-

It is the best program who want to start their own business out of it. You get A to Z of export import by experts and skilled peoples who themselves are master in this business from years. Training is better than courses because in training you will not only get theoretical knowledge but practical knowledge also. Digital Exim provides online import export training courses. It is India’s only Integrated Export, Import, Shipping, & Logistics Program. Digital Exim provides export import classes, 6 month consultancy, and life time help desk. Attend a live doubt solving session with our trade managers. To make a better career in export import business join our training program and we will help you be an entrepreneur or get a job you love. One can do really good in export import business and make a good career out of it. One thing that matters is your passion towards your work and can enjoy a lucrative career out of it. To know more visit our site!