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Exchange risk management tools in international trade
Why is Exchange risk management needed in international trade (forex trade)? Multinational companies, import-export businesses, investors, and individuals making international transactions face foreign exchange rate risk. Exchange rate fluctuations are a daily occurrence. As the value of major currencies fluctuate against each other, it creates income uncertainties for anyone doing cross-border transactions Thus, there … Read more
Take a look at the baggage rules of Indian customs
guide for Travelers BAGGAGE RULES AT AIRPORT CUSTOMS GREEN AND RED CHANNEL CLEARANCE Every passenger entering India has to pass through a Customs check. The passenger has to declare the contents of his baggage in the prescribed Indian Customs Declaration Form. For Customs clearance of arriving passengers, a two-channel system is adopted. At international airports … Read more
Hassle-free customs clearance for travelers to India
easy custom clearance for travelers to India
what is electronic bill of lading in shipping-eB/L ?
With the introduction of E-commerce, in international trade, there has been a gradual shift in the way in which business operates. Traditional management of global supply chain was too slow, error prone and inflexible to operate competitively. ‘Bolero’ is a digitalized data interface where electronic bill of lading is issued per consignment in real time. … Read more
what is world custom organization (WCO)?
The WCO is made up of representatives of the customs administrations of member countries.
what is the foriegn trade policy of India?
Road ahead for Indian foreign Trade policy. This year, India’s Commerce and Industry Minister, Piyush Goyal, presented the new foreign trade policy for 2023-28 and set an ambitious goal to achieve US$2 trillion in exports by 2030. The policy included new initiatives that directly benefit Indian SMEs seeking to expand their reach and sell more … Read more