Following are some important point to become a successful merchant exporter. 1. Study the exporter product in detail. Exporter should have the details knowledge of the features of the products, its technical specification, a variety of the product and uses of the product. 2. The merchant exporter should evaluate the supplier/manufacture of in totality. He … Read more
Finding the international buyer is the challenging work for the new exporter. When the person is in export business; he is not only competing with other exporter of his country but; also the exporters of the other countries. There are the different methods of finding the international buyer; which are listed below: 2. Correspondence: Correspondence … Read more
Price is the most important factor for the merchant exporter; as international market is most competitive market. In trading business you do not get what you deserve; but you get what you negotiate. It is very important that merchant exporter should develop the skill of negotiation for procurement of goods with competitive rate from the … Read more
“Merchant Exporter” means a person who is engaged in trading activity and exporting or intends to export the goods. Merchant exporters purchase the material from manufacturer and export the same. Manufacturing exporter means a person who manufactures the goods and export or intend to export the goods. The following points show the difference between the manufacture exporter and merchant exporter. … Read more
As we have seen in last article that merchant exporter if fully depends upon the manufacture for the goods. There are several problems to the merchant exporters for procurement of the goods, which are listed below: 1. Price Fluctuations : Issue: Merchant exporter quotes the overseas buyer after obtaining the rate from the manufacturer of … Read more
1) Documentary Letter Of Credit : In this type of letter of credit, it is obligatory to send documents of title to goods along with bill of exchange. If the bill of exchange is not accompanied by these documents the bank may not honor the bill of exchange. By document we mean export document which … Read more
A. No change in peak rate. It remains at rate of 10%. B. Change in duty rates with immediate effect (from 11-7-2014) of major items are as follows: Sr. No. Chapter heading Description of goods Rate of BCD Till 10-7-2014 From 11-7-2014 1 29011000 Ethane and other goods 5.00% 2.50% 2 29012100 Ethylene … Read more
There are changes in Custom Baggage Rule 1998 in Union budget 2014-2015. a. The limit on duty free import as baggage has been enhanced with effect from 11/07/2014 as follows: 1. Articles up to Rs.45, 000 other than personal effects can be imported by a passenger of and above 10 years provided such passenger has … Read more
Payment terms are very important aspects in the import export trade. In international trade there are different methods of making the payments. Let’s understand all methods one by one. 1. Advance Payment When exports receive the payment first and ship the goods subsequently, it is called as advance payment. It is good for exporter as … Read more
Meaning Letter of credit is the written instrument issued by the importer’s (buyer’s) bank to the exporters (seller). L/C is the guarantee given by buyer’s banks to remit the amount to the seller according to the terms and conditions based on the contractual agreement between buyer and seller. L/C is the most reliable and acceptable … Read more