What is Marine Insurance Marine Insurance protects exporters, importers, and logistics operators against financial loss or damage to cargo during transit, whether the movement is domestic or international. Marine insurance covers goods in transit — international OR domestic. Why Marine Insurance is important in Export Import business? In international trade, goods face many risks: Damage… Read More »
Product and Sourcing Guide for the State of Rajasthan Rajasthan, the largest state of India by land area, is known for its rich cultural heritage, royal history, and diverse geography ranging from the Thar Desert to fertile agricultural belts. Beyond tourism and heritage, Rajasthan plays a significant role in strengthening the Indian economy through its… Read More »
Many importers assume customs duty is a fixed cost that cannot be changed—but that’s one of the most expensive myths in international trade. In reality, a large part of the duty you pay depends on decisions made before the goods even leave the supplier’s factory. From choosing the right HS code and country of origin… Read More »
On what basis is the Customs Duty Calculated? The final amount of duty payable is calculated based on the product’s classification (HS Code), value (typically CIF – Cost, Insurance, and Freight), and the country of origin, all of which are factored according to the Customs Tariff Act, 1975 and the Customs Act, 1962. Importers can use online tools… Read More »
India has steadily expanded its global trade partnerships to strengthen economic growth, create jobs, and enhance its global standing. After signing six Free Trade Agreements in the last five years, the latest being with Oman this month, India and New Zealand have just concluded negotiations for a forward-looking FTA, marking a historic milestone in bilateral… Read More »