20 Import Quiz Test Q.1. What is Foreign Exchange? Ans: Foreign Exchange: As per the Foreign Exchange Regulation Act. 1947, Section 2(d) “Foreign Exchange” means foreign currency and includes any instrument…
H S CODE Classification of commodity has been introduced in early nineteenth century in Europe. Internationally accepted coding system was first introduced in 1931 as Brussels Nomenclature and in 1937…
Discrepancies of Letter of Credit Common discrepancies in the export documents Claused/unclean/foul/dirty Bill of Lading. Charter party/stale/third party Bill of Lading (Unless stipulated in the letter of credit ) ON…
Commercial Invoice Feature of Commercial Invoice : In international trade, a commercial invoice is an essential document that facilitates the smooth flow of goods and ensures compliance with customs regulations.…
Sea Ports list of Bangladesh Seaport refers to the establishment for loading and unloading of goods having anchorage facility for ships and embarkation and disembarkation facilities for passengers. Since 80%…
Payment Methods in import and export transactions In import and export transactions, sellers and buyers do not necessarily know each other and are taking many more risks than in domestic…
How To Begin Export The first step for new entrant is to identify the product or products which he intends to export. Before considering the product, one might begin by…
Scrutiny of Import documents Scrutiny of Import documents Following points should be carefully checked in respect of the relevant documents: (a) Forwarding schedule of the negotiating bank whether there is…