The Economic Times
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| 27 November, 2020, 07:04 PM IST | E-Paper
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    Pre-Exports

    Digital tools, apps that an exporter should use to enhance his global profile

    Those who can smartly use the range of resources available, stand to benefit more from foreign trade and help India achieve its dream of being an export-driven economy.

    Trading with the world: Export promotion schemes provided by Government of India

    The Government of India has taken quite a few steps towards enhancing Indian exports by introducing several export benefit schemes. The main objective of these export benefit schemes is to simplify the entire export process and make it easier.

    Dos and don’ts while navigating through the export ecosystem

    The process of exports is viewed as a complex affair, some businesses may invest a significant effort in figuring out how to navigate through it, others may choose to stay away.

    Introduction to export economy: A guide to securing your goods’ value

    One thing to always keep in mind is that the challenge in exports never lies in its volume, but in its structure.

    Documents & compliances that every exporter needs to keep in mind

    For cross-border transactions, unless specifically mentioned the default POS for services is the location of the recipient of service i.e. outside India.

    GST: What a novice exporter needs to keep in mind

    If compliances in terms of current taxation policy of the Government and do’s and don’ts for availing the benefits are not adhered to, it may lead to difficulty in exports or denial of precious export incentives.

    Making the most of the Foreign Trade Policy for your business

    The Foreign Trade Policy 2015-20 has ensured that everything becomes more seamless and interconnected. The result has been a system which has had a trickle down effect on domestic businesses as well, in addition to exports says Mahavir Pratap Sharma, Chairman, Carpet Export Promotion Council. Watch

    Why India’s Foreign Trade Policy benefits have extended beyond exports

    Exporting the product is the next step with refunds on duty drawbacks and GST coming through - all these steps helped in bringing seamlessness and functionality for the industry.

    Creating a strong USP for an export product is crucial to success

    In the textile sector, competition is growing tremendously, but a lot of Indian entrepreneurs are entering into the field and they are still finding success.

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