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  A system of global standards for product identification was introduced to streamline trade between countries. These codes, which are unique to each product, help to identify and organize products regardless of language barriers or country-specific regulations. GS1 (Global Standards 1 is a standard system for identifying and storing information about products that are accepted worldwide.    Now, let’s shed light on GTIN numbers, their types, and their structure.     What are GTIN numbers?    GTIN numbers are a great way to keep track of products, especially internationally. They can take on different forms depending on the product and region, but their general recognition and specificity make them ideal for identification. To provide GTINs to exporters and businesses in India, the Ministry of Commerce set up GS1 India. GS1 India is affiliated with GS1 global, and this provides them with the ability to offer unique GTINs to Indian exporters.         Types of GTIN numbers    After knowi

As an exporter in India, you need to be aware of two important permits for sending products or services out of the country. The first is an Import Export Code (IEC), a business identification number issued by the Directorate General of Foreign Trade (DGFT). The second is an Authorized Dealer Code (AD Code), which you need for customs clearance of your goods. In this article, we have discussed what an AD code is and the process of obtaining a bank AD code for successfully running the export business.  What is an AD code?    The bank AD Code is a 14-digit code that's given by the bank where the exporter maintains a business current account. This code, which is printed on the bank's letterhead, can be obtained by the exporter after registering for an Import Export Code (IEC) with the Director General of Foreign Trade (DGFT). It is valid for the lifetime of the business. An AD Code exists to ensure that all foreign currency transactions in an exporter's current account are fro

India is one of the world's leading exporters of textiles and garments, making it one of the most profitable industries to invest in. Besides cotton and jute, it is also the world's top exporter of silk and handwoven textiles, with silk and handwoven fabrics ranking second. Both producers and retailers interested in entering the textile sector have a lot to gain from the industry's growth potential. In this post, you will learn all you need to know about beginning a textile company from the ground up. What is the best way to establish a textile export business? Choose whether you want to be a manufacturer or a retailer who will purchase from the manufacturer and sell to the consumer based on the investment and business interest necessary in making and selling textiles. Analyze the current market's demand and supply You must be well informed on the current demand in the textile export business in question. You must identify the most profitable markets for the best-selli