Using H.S. Code effectively The Harmonized System (HS) Code is the global language of international trade, used by Customs authorities worldwide to classify goods. World Customs Organization has developed this digital language using English numbering system. More than just a number, the HS Code defines a product’s identity for determining customs duty, trade policy, regulatory… Read More »
India – Oman Comprehensive Economic Cooperative Agreement (FTA) India and Oman share a long-standing and trusted relationship rooted in centuries of maritime trade and cultural exchange across the Indian Ocean. Oman holds strategic importance for India due to its location near the Strait of Hormuz, making it a key gateway to the Gulf, Africa, and… Read More »
A Bonded Warehouse (BWH) is a Customs-licensed storage facility where imported or export-bound goods can be stored under Customs control without immediate payment of duty or taxes. It allows traders to defer duties, manage inventory efficiently, and complete regulatory compliances before final clearance. Bonded warehouses play a crucial role in facilitating international trade by reducing… Read More »
Understanding Marine Insurance Marine Insurance is a risk protection mechanism in export–import trade that covers loss or damage to goods during transit by sea, air, or land. It safeguards exporters, importers, and banks against financial loss arising from accidents, theft, fire, or natural calamities.The coverage operates in line with the transit and risk transfer defined under… Read More »
The Bureau of Indian Standards (BIS) is India’s national organization that sets quality standards for products — similar to how other countries define safety and quality norms. The Bureau of Indian Standards (BIS) is the National Standards Body of India and functions under the Department of Consumer Affairs, Ministry of Consumer Affairs, Food & Public… Read More »