The Government of India introduced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to support eligible exporters, with its inception dating back to April 1, 2015. This initiative plays a crucial role in assisting exporters from…
Extension of Interest Equalization Scheme (IES) up to 30.06.2024 -In this regard, it may be noted that a cap of Rs. 2.50 Cr per IEC beyond that they will not be able to avail is imposed till 30.06.2024 for the…
Enhancing Fair Trade: Guidelines and Policy Changes in the Developing Countries Trading Scheme : Will India's International Trade be benefited India's international trade can potentially benefit from the guidelines and policy changes implemented in the Developing Countries Trading Scheme (DCTS),…
Explore Trade Finance Offerings, Discover Trade Finance in 2024 and Beyond In the intricate world of international commerce, Trade Finance serves as the wind in the sails, steering businesses through the complexities of cross-border transactions. But what exactly is Trade…
The Directorate General of Foreign Trade (DGFT) has introduced a pilot launch of the upgraded Electronic Bank Realisation Certificate (eBRC) system, enabling exporters to self-certify. The eBRC is a crucial document confirming an exporter's receipt of foreign exchange, utilized for…
Understanding Nuances of Factoring Series 1 Factor’ has been derived from the Latin word ‘Facere’ which means ‘to make or to do. As per FCI, or Factors Chain International, is a global network of leading factoring companies that adhere to…
In a bid to strengthen anti-money laundering (AML) efforts and combat illicit financial activities, Indian banks are set to blacklist diamond houses, jewellers, and gem stores that fail to disclose the 'ultimate beneficial owners' (UBOs) of their trading partners. This…
The Directorate General of Foreign Trade (DGFT) vide Trade Notice 33/2023-24 has embarked on a groundbreaking initiative to transform and modernize the export certification process. With the launch of the Upgraded Electronic Bank Realization Certificate (eBRC) system for self-certification by…
Exporting goods and services has become a pivotal part of the global economy, and India is no exception. As one of the world’s fastest-growing economies, India offers numerous opportunities for businesses to expand their international reach. Export factoring, a financial…
A very simple yet very important part of the Cross border transaction – Purpose code Purpose codes are codes issued by the Reserve Bank of India that are required for successful cross-border transactions (International Trade). RBI has issued about 188…
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