Hii,,   Today we discussed about the terms and incoterms in using export import business.and what charges applicable and custom packaging etc .know let's. Go to world trade business .. groww .. my self ashish meena and I am hear to give bright knowledge about export import business. All details cover in fob and CIF terms. 1.FOB( FREE on board) this means the seller (exporter in India )is responsible for the goods until they are load on to vessel al the port origin (eg. Mumbai , chennai,mudra port) the buyer's (importer in newyork )take over all costs and risk from that point onward.... 2.CIF( cost insurance freight)this means the seller is responsible for the goods insurance and freight until they reach the port of destination (new york).the buyer take over risk once the goods are loaded on to the vessel but the seller covers the costs up to the destination port ...      CIF VALUE=fob +ocean freight /or air freight+marine insurance.    Factors in infl...

SCRAP GLOBAL industries    In India to Iraq   aluminum scrap export/import. Discussion in how to calculate pricing📊. For export.  . FOB (free on board)  . CIF ( cost insurance freight).  Price lies who bear the costs and responsibility in for various stages of the shipment. Understanding  FOB and CIF  FOB (free on board). All responsibility by the seller for goods transportation and insurances etc all risk manage by seller not for buyers.. In FOB incoterm applied only for manufacturing factor to port  Goods are stuffed in containers  once container all formalities clear and customs all examination.container handover to shipping line. The seller's responsibility and risk management will be finished in fob term.  :In fob term  PRICING IN ALUMINUM SCRAP LIKE ONLY FOR EXAMPLE.   Not for approximately price    1. Transportation ahmedabad to             mudra  . 35,000...

ROLE IN FEMA EXPORT IMPORT  Authorised person could facilitate forex trading, however, the Act empowered the Rbi to put several restrictions on their capital account. Authorized persons were expected to provide details and information regarding forex transaction to the RBI on a regular basis.  Fema law allowed Indian residents to carry our transaction in forex, foreign security, or to own immovable property abroad. This was permitted if the currency, security, or property was owned or acquired when he/she was living outside india, or if it was inherited by him/her from someone living outside india 🇮🇳.  FEMA compliance covered forex transaction and remittance which included individuals or entrepreneurs moving in our out of India, or exchanging foreign currency in India for travel ✈️️ purposes.  There were many subsequent regulations and function,s issued under act addressing specific issues such as authentication of documents current account transaction, adjudicatio...

How to send sample for export ...  Based on your communication with the buyer, you are asked to send sample of your product. If value of your product sample is high, you can request buyer to make payment on the same.  The buyers remits the amount to your bank. If value is nominal and you can afford the cost you can supply free of cost.  There are government financial💵 assistance to send sample product to foreign countries. You can contact your export promotion council or commodity board of further information.  While sending sample, do not forget to retain a set of same sample with you as you have to meet the specification of products as per the send sample.  If you do not keep a copy of sample, you cannot claim with your buyer against any disputes on the quality specification of product.  You can send export sample by courier if the value is below a certain amount. Contact your service providers for latest value limit that government of your country al...