Import Export

letter of credit

Everything You Need to Know About a Letter of Credit, How it Works, and More

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Reading Time: 3 minutes Ensuring payment security in export is vital for businesses to function. There are several ways to ensure that the seller receives their due payment on time. A letter of credit is one of them. In fact, it is one of the most secure methods used in international business transactions. Let us discuss about this payment …

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Import products of india

Top 10 Import Products of India: A Deep Dive into Key Insights and Trends

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Reading Time: 4 minutes Imports are crucial to the Indian economy for many reasons in several sectors. They not only satisfy domestic needs but also provide impetus for a number of industries. This definitive guide gives insights into Import products of India which would be valuable especially to those new to international business or those intending getting into the …

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Import Export Procedure

What is the Import Export Procedure in India?

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Reading Time: 5 minutes Import and export are undoubtedly one of the most profitable platforms to perform business activities. Also, it is known to be the safest mode in terms of transactions where the money is secured by both ends, i.e., the person purchasing or importing the good as well as the one selling or exporting the goods and …

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A Step by Step Guide on How to Register Import Export Code

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Reading Time: 4 minutes Introduction In the ever-expanding global market, international trade plays a vital role in economic growth. In order to partake in import export operations within India, acquiring an Import Export Code (IEC) is obligatory. The IEC functions as a distinct identification number that individuals or businesses engaged in international trade must possess. This all-inclusive manual aims …

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