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Showing posts from September, 2022

Harmonized System Code- Importance and How is it Used to Find the Correct Code List 

For everybody who is trading crossways global borders, HS Code or Harmonized System Code is a generally heard terminology. It is often linked to the concern of the intricacy that comes together with it. Specifically, if there is a big range of products that you are selling, you need to consider the HS codes and know how they work. These codes are a mix of digits that assist in identifying and making tax categories for all kinds of internationally sold products. Whether it is a pair of shoes or a lovely top, all are categorized to know the correct rates and then set the right tax charge. It will not take an intellectual to say what may happen if HS codes go incorrect.    Why is Harmonized System Code Important?    Among business classification systems, HS Codes are normally used throughout the export process fo r products. The Harmonized System is a standard numerical procedure for classifying traded goods. It is employed by customs authorities all over the world to check products whe

All You Need to Know About Shipper's Letter of Instruction Form

  A shipper's letter of instruction form (SLI), also identified as the shipper's export disclosure, is a licensed document that the exporter offers to its staff or shipment forwarders. This document primarily includes details related to the shipping terminologies, letting the transport company provide a Bill of Lading (BOL) or air waybill on the exporter's part. It also lends ways for the carrier on how to deal with, store, load and off-loads of the shipment successfully or without any physical har m to the goods.    Beside s giving documentation and transportation guidance, an SLI also eases export control, reporting data while letting the agen t file EEI (Electronic Export Information) and send it to the AES (Automated Export System).    Some Important Facts About Shipper's Letter of Instruction Form    SLI is a lawful document and agreement made between the sender and the shipping company that is arranging your shipment export and logistics.    It is a multiple d

Apparel Export Promotion Council and Its Role in Export Promotion 

  For the betterment of the garment industry in India, the Apparel Export Promotion Council (AEPC) has made several efforts via its different programs and plans. In this post, we will explain what AEPC is and its role in export promotion.   What Is the Apparel Export Promotion Council (APEC)?    It is the Indian Government's nodal agency that is liable to endorse and enhance apparel export all over the world. It also supports garment export through different schemes and programs. The AEPC works as a link between the government and apparel export businesses.   The Role of Apparel Export Promotion Council in Export Promotion?    The AEPC tirelessly functions toward garment export promotion. It performs so by initiating different activities and programs. The roles and activities performed by the AEPC to promote Indian garment exports globally include:    The AEPC organizes Buyer Seller Meet for feasible expansion of business deals between the buyers and sellers.    The APEC plans wor