In India, an export license is a document issued by the Directorate General of Foreign Trade (DGFT) that authorizes the export of specific goods, particularly those classified as “restricted” under the Indian Trade Classification (ITC) system Purpose: An export license is a formal permission granted by the government to allow businesses to export certain goods… Read More »
Pre-Shipment Documents for Exporting from India “Pre-shipment” generally refers to the period before goods are physically shipped, encompassing activities like financing, quality control, and preparation for transport. Preparing your goods for export from India involves a detailed process, and ensuring you have all the necessary pre-shipment documents is critical. These documents facilitate smoother shipping and… Read More »
In Domestic or International Businesses, both Supply Chain Management and Logistics are an integral part of the business. Here we explain the both. Supply Chain Management Supply chain management means streamlining all the activities involved in the production of goods, from obtaining the raw materials to transporting the finished goods to the end-user. It uses… Read More »
India, a rapidly growing economic powerhouse, has established itself as a major player in international trade. With a strategic location, a robust manufacturing base, and diverse export offerings, India’s success hinges on an efficient and well-integrated transportation network. In this article, we’ll explore the modes of transportation used in India’s international trade and highlight the… Read More »
A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination. How… Read More »