Excise clearance Benefits/Rebate
by As soon as goods are ready for dispatch to the port of shipment, exporter has to apply to the central excise authority for excise clearance …
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Income Tax Benefit
Tax concession for export profits Finance (No. 2) Act, 1962 By way of Rebate of tax Section 2(5) of the Finance (No. 2) Act, 1962 …
Shipment & Transport-Sea, Air, Rail, Road, Pipeline
The mode of transportation is an important consideration when planning the shipment process. Besides the costs, the urgency of the shipment, the value of the …
Role of Overseas Agent and Remittance of Commission
A sales agent acts on your behalf in the overseas market by introducing you to customers who you supply and invoice direct. They are paid …
Warehouse Management
Warehouse management refers to the various processes related to maintaining and controlling a business’ warehouse. It goes through every step of the process, from beginning …
Inventory Management, Concept, Meaning, Function, Work
Inventory Management Concept, Meaning, Function, Work
Ocean Freight Rates: Freight or Traffic Rates
Ocean Freight Ocean freight is the most common mode of transport that importers and exporters use. In fact, a full 90% of everything is shipped …
Freight Surcharge
Surcharges Often referred to as a “service fee” or “handling charge”, surcharges are additional expenses applied on top of already existing shipping fees. Varying from …
Freight Rebates
A refund of a portion of previously paid transportation charges, usually in return for the shipper´s tendering a certain volume of freight to the carrier. …
Principles of Freight Rates
Following are the basic principles of freight rate. Destination The destination is a crucial factor for determining ocean freight rates. In simple terms, the longer …
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