In the world of export-import, each shipment counts. And you cannot afford to make any "uninformed investment". So, if you have any doubt or a question, ask us. Our team of experts at The Dollar Business Intelligence Unit will be happy to answer your queries. Your question(s), if approved, will also be published on www.thedollarbusiness.com, and/or in forthcoming issue of The Dollar Business.
Question (Received on 2016-12-21 15:19:57): Now i am doing textile business only in national level, But i want to take my business to international business platform. Which countries are suitable for doing this textiles business? (arthy, founder, arthy traders, 8608188XXX, email@example.com) TDB Response: Dear Arthy: We would request greater details of the textile product you want to export for us to advice you better. Having said that, let’s assume that you want to export woven fabrics of cotton containing equal to or more than 85% cotton by weight and weighing less than equal to 200 gram/cubic meter falling under HS Code: 5208. Industry data reveals that India is a big exporter of the products falling under the said HS Code. In fact, India ranks 2nd in the world, just behind China, when it comes to exports of the said product and accounts for about 7.14% share in global exports of the product. While India’s biggest export destination for products falling under the said HS Code is Sri Lanka, the country has also been significantly supplying to Bangladesh and United Arab Emirates (UAE) and the exports have been only rising to these countries over the last few years. More of such pure, researched data is available to members of The Dollar Business GROW and CONNECT Programmes. (You can read more on TDB Membership Programme on https://www.thedollarbusiness.com/memberships).
Question (Received on 2016-12-18 22:12:49): GOOD MORNING BRO, I'M APPURAMAN FROM PONDICHERRY ADITHYANEXPORTS PROPRIETOR WE R INTERESTED IN EXPORT APPALAM(PAPPAD) , NATURAL HONEY, SOUTH INDIAN MORNING DISHES VARIETY (ILY PODI) RED ONION,WHITE ONION,YELLOW ONION SIR. HOW TO FIND OUT THE BUYER THOSE ITEEM TO EXPOTS? I HOPE PLEASE GIVE ME A DETAILS BRO. (APPU, PROPRIETOR, ADITYHAYN EXPORTS, 9489150XXX, firstname.lastname@example.org) TDB Response: Dear Appu: You can approach your concerned association – Agricultural & Processed Food Products Export Development Authority (APEDA) – for assistance or directly reach out to potential buyers by posting your product information on https://www.thedollarbusiness.com/marketplace. From discovering the best markets to source from or supply to, to overcoming statutory and procedural challenges with respect to exports-imports documentation, to identifying the right logistics partners, International Marketplace understands all your requirements, and accordingly connects you with the right market and partners. Additionally, you can also explore The Dollar Business CONNECT Programme (You can read more on TDB CONNECT Programme on www.thedollarbusiness.com/memberships) that provides an in-the-making super successful exporter like you, some unique and amazing extras - a customisable ‘premium’ webpage on TDB International Marketplace, 100 Guaranteed Leads, a fast and effective Lead Accelerator process – that will ensure you touch newer highs in global trade.
Question (Received on 2016-12-15 18:41:50): Hi..I want to import copper wire scrap..so which type of licence required and want to know about duty and import procedure..plz reply the question. (Kartik, Manager, Chemitex impex enterprise, 7201985XXX, Kartik87418@gmail.com) TDB Response: Dear Kartik: We assume you want to import copper wire scrap falling under ITC HS Code: 740400. Since the import of products under the said six-digit HS Code (except for products falling under ITC HS Code: 74040012) is restricted, you need to apply for grant of an ‘Authorisation’ for import or export of the said items to Regional Authority (RA), with a copy to Directorate General of Foreign Trade (DGFT) headquarters in ANF 2M (as prescribed in Handbook of Procedures) along with documents prescribed therein. Original application along with Treasury Receipt (TR) / Demand Draft needs to be submitted to RA concerned and self-attested copy of same needs to be submitted to DGFT in duplicate along with proof of submission of application to concerned RA. As mentioned before, copper scrap falling under ITC HS Code: 74040012 can be imported through all ports into the country. However, import of copper scrap falling under the said HS Code also need to fulfil the conditions mentioned under Paragraph 2.54 (b) of the Handbook of Procedure. You can type the following URL in your browser - https://www.thedollarbusiness.com/HANDBOOK_OF_PROCEDURES__2015_2020 and go through the said paragraph to get a detailed understanding of what you need to do to import copper wire scrap. Coming to the second part of your question, copper waste and scrap falling under ITC HS Code: 740400 attract a total import duty of 21.042%. [In case our assumption about the intended import product isn’t exact, please write back.
Question (Received on December 15, 2016 ): Dear sir, We are manufacturer and trader of Handmade paper. I have just got an IEC. Our product is selling in per sheet nos. e.g. Rate is per sheet no. i want expand business in USA, & Europe. I leave in Ahmedabad, Gujarat, India so i would prefer shipping port MUNDRA, PIPAVAV, HAJIRA, NHAVA SHEVA ports. Also ICD SANAND is nearer to my place. i want to know the additional charges over my products base price which i have to charge to the customer. i mean by the charges from my production house to the destination port. ( FOB , CIF n ALL ) Is there any particular agencies who are consulting all work ? Thank you, Nishant Mehta email@example.com (Nishant, Owner, DEVRAAJ PRINT N PACKS, 9825024XXX, firstname.lastname@example.org) TDB Response: Dear Nishant: CIF and FOB are the two most popular shipping/pricing terms used in the transportation of goods between an exporter and an importer. While sellers often prefer FOB, buyers prefer CIF. FOB means Free On Board (or Freight On Board). The term FOB indicates that the seller is liable to deliver goods on board a vessel designated by the buyer. This means all costs involved in delivering the goods on board of vessel (designated by the buyer) are to be borne by the seller. Beyond that point, the buyer has to bear all costs and risks of loss or damage of goods. Where as, CIF (Cost, insurance and freight) is a pricing term that requires the seller to arrange for the transportation of goods to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier. This means all costs and risks involved in delivering the goods to the destination port (designated by the buyer) are to be borne by the seller.
Question (Received on November 18, 2016 ): Sir, i want to import dry lead battery scrap from South Sudan, Africa into Mundra port, India, can i do it or import from this origin is banned, i am all confused so want to get clarifications if i can go ahead and close this deal, (ALOK, Director, XCEL TRADERS LIMITED, 919997113XXX, email@example.com) TDB Response: Dear Alok: We assume you want to import waste and scrap of batteries falling under ITC HS Code: 8548. Since the import of products under the said HS Code is restricted you need to apply for grant of an ‘Authorisation’ for import or export of the said items to RA, with a copy to DGFT headquarters in ANF 2M (as prescribed in Handbook of Procedures) along with documents prescribed therein. Original application along with Treasury Receipt (TR) / Demand Draft needs to be submitted to RA concerned and self-attested copy of same needs to be submitted to DGFT in duplicate along with proof of submission of application to concerned RA. [In case our assumption about the intended export product isn’t exact, please write to us.
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