Incoterms help facilitate trade by providing universal rules, guidelines, and definitions that allow buyers and sellers to better understand the language they need to conduct...
COMPLIANCE India’s import and export system is governed by the Foreign Trade (Development & Regulation) Act 1992 and India’s Export Import (EXIM) Policy. Three main aspects of import compliance are : (1) Identifying and classifying the goods being imported, (2)...
From the time India opened its markets in 1990-91, there has been an exponential growth in the country’s foreign trade statistics – import have increased more than 19 times and exports more than 16 times. In FY 2020-21, India’s total imports and exports figure stands...
