Difference between LC at Sight and Usance LC

In the  international trade, letters of credit (LCs) play a crucial role in ensuring secure transactions between buyers and sellers. Two widely used types of LCs are "LC at Sight" and "Usance LC." Though they serve the same fundamental purpose of guaranteeing payment, their terms regarding the timing of payment differ significantly. This article provides

By |2024-06-02T06:20:18+00:00June 2nd, 2024|Categories: How To|0 Comments

How to Find Buyers for Your Export Business: A Comprehensive Guide

Expanding your business into the international market through exporting can be a lucrative endeavor, but it comes with its own set of challenges. One of the most crucial aspects of a successful export business is finding reliable and profitable buyers in foreign markets. The process of finding buyers can be intricate and requires strategic planning,

By |2023-08-30T19:23:05+00:00August 30th, 2023|Categories: How To|0 Comments

How To Apply Online GST Registration

GST (Goods and Services Tax) registration is mandatory for businesses whose turnover exceeds a certain threshold. Here is a step-by-step guide on how to apply for a GST registration certificate in India: Step 1: Visit the GST portal (https://www.gst.gov.in/) and click on the "Services" tab. Step 2: Click on the "Registration" link under the "Services"

By |2023-01-19T18:29:54+00:00January 19th, 2023|Categories: How To|0 Comments

Process To Apply Import Export code IEC

The Importer-Exporter Code (IEC) is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) in India. It is mandatory for businesses engaged in import and export activities to obtain an IEC code. The IEC code is required to clear goods through customs and to claim benefits under various government schemes. Here is

By |2023-01-19T18:19:43+00:00January 19th, 2023|Categories: How To|0 Comments

Whats is Import Export and How to start Import Export Business

Import-export business refers to the buying and selling of goods and services between countries. It can include importing raw materials, exporting finished goods, or both. This type of business can be a great way to diversify your income streams and potentially make a profit by taking advantage of global trade. To start an import-export business,

By |2023-01-19T17:50:49+00:00January 19th, 2023|Categories: How To|0 Comments
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