The Directorate General of Foreign Trade (DGFT) has given a major compliance relief. Through Notification No. 36/2026-27 dated 15 September 2026, DGFT has introduced an RCMC exemption. This change amends paragraph 2.57 of the Foreign Trade Policy (FTP) 2023. It takes effect immediately. In addition, it is designed to help small, new, and occasional exporters. … Read more
A shipment is ready. The buyer is waiting. The containers are booked. Then you realise your spice board approval for export is still pending. A missed shipment in the spice business means storage costs, delayed payments, cancelled orders and an unhappy overseas buyer. So, let’s avoid that. What Is the Spice Board Approval for Export? … Read more
When you start an import-export business as a sole proprietor, you have many questions. One of the most common questions is about the bank account required for IEC registration. Can a proprietor use a savings account? Can they submit a cancelled cheque? The answer is yes, where applicable. But the bank account details should meet … Read more
Exporters in many cases are unable to recover payments from overseas buyers. There can be many reasons such as buyer insolvency, commercial disputes, destruction of goods, auction of goods, or an untraceable buyer can leave export proceeds unrealised. As a result, the Reserve Bank of India (RBI) allows exporters to write off certain unrealised export … Read more
For any Indian business, entering the right export market can make international expansion much easier. The easiest countries to export from India are usually those where Indian products already have demand. Those countries who have good trade relationships also offer nice opportunities. But choosing a country is only one part of the process. Before shipping … Read more
Today, an Indian trader can earn in dollars without importing a single product into India. This business model operates through Merchant Trade Transaction India, where an Indian company buys goods from one foreign country and sells them to another foreign country while the goods never enter India. For many traders, this creates opportunities that are … Read more
Importing packaged products into India without proper labeling approval is one of the fastest ways to get shipments stuck at customs. Many importers realize this only after containers are delayed or legal metrology officers issue notices. That is where LMPC Importer License Registration in India becomes mandatory legally. What LMPC Importer License Registration in India … Read more
India has executed an intensive export support mission worth Rs25,060 Crore. The move follows the US tariff pressure which has continued to hit Indian shipments. The new policy is focused on ensuring profits, orders, and driving forward long-term export expansion. The first beneficiaries of this national push will be the exporters that execute a valid … Read more
In the contemporary business environment of trade globally, the key to the seamless operation of business is regulatory compliance. RBI IEDPMS Registration is one of the requirements necessary whether you are importing or exporting to facilitate the way you transact business with a foreign country. This system connects your Import export code (IEC) and your … Read more
International markets are a great prospect to Indian businesses, however, there is the cost of importing high technology machinery. In order to counter this, the Government of India came up with the EPCG Scheme for Exporters (Export Promotion Capital Goods Scheme). The scheme enables the exporters to bring in capital goods at no customs duty … Read more