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13 Jun

Customs Processes

Bill of Entry (India) in GST – Meaning, Payment & Filing Procedure

• June 13, 2023
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The Bill of Entry (BOE) is a legal document used by importers to procure customs clearance for the imported shipment. Creating and v...

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13 Jun

Letter Of Credit

Letter of Credit (LC) – Meaning, Process & Role In International Trade

• June 13, 2023
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There are several uncertainties that arise when buyers and sellers across the globe engage in maritime trade operations. Some of these ...

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13 Jun

Letter Of Credit

LC at Sight | Meaning & Complete process

• June 13, 2023
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A letter of credit (LC) is a financial document wherein banks act as an intermediary between a buyer and a seller to ensure the fulfill...

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13 Jun

Letter Of Credit

What is a Back to Back Letter of Credit?

• June 13, 2023
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When two or more parties are involved in international trade, the transaction mostly occurs through financial instruments known as Lett...

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13 Jun

Letter Of Credit

Types of Letter of Credit in Exports – Clauses, Payment Terms & More

• June 13, 2023
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A letter of credit is a document issued by a bank or a financial institution, it serves as a guarantee for payment from buyer to seller...

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13 Jun

Letter Of Credit

SBLC | Standby Letter of Credit | Meaning & The complete guide to its process

• June 13, 2023
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What does SBLC stand for? ‘Standby Letter of Credit (SBLC) is a type of letter of credit (LC) where the issuing bank commits to pay to...

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13 Jun

Letter Of Credit

Irrevocable Letter of Credit | What is it & How does it work

• June 13, 2023
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A letter of credit (LC) is the most commonly sought document for international trade transactions, especially when the buyer and the se...

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13 Jun

Letter Of Credit

Transferable Letter of Credit – Process Flow, Risks & Samples

• June 13, 2023
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Definition A transferable letter of credit is a credit facility that the first beneficiary can transfer to another party or the second...

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13 Jun

Fees & Taxes in Exports

How to claim GST Refund on exports?

• June 13, 2023
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Definition of Export as per the GST Act The IGST Act defines export as the taking out of goods or services from India to a place outsi...

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13 Jun

Fees & Taxes in Exports

What’s the difference between Freight Collect and Freight Prepaid?

• June 13, 2023
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Freight Collect and Freight Prepaid are both export/import-related freight arrangements. Either can be used to denote the responsibilit...

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