Today, our topic of discussion is the Export Promotion Council. So, what exactly is EPC? Export promotion councils are basically government-initiated authorities or government-aided authorities established to promote and support export from India in a particular product or service. Today under the aegis of the Ministry of Commerce there are more than 30 Export Promotion Councils (List of Export Promotion… Read More »Export Promotion Councils of India – Benefits, Government Support.
In an import-export business, there are many documents and regulatory filing for a lot of things, customs, duties, etc. The terminology is complex and often requires the advice and services of experts. As it’s an international activity, it involves compliance with not one but regulations of two countries. There is a need to monitor every movement of the goods until… Read More »EXIM Documentation: Terminology and Significance
EDPMS stands for Export Data Processing and Monitoring System and IDPMS stands for Import Data Processing and Monitoring System. It is an online import-export software in India initiated by RBI in 2014 to monitor all the transactions between the bank and the exporters to maintain transparency and authenticity in the export-import business. The main advantage behind this initiative is to… Read More »EDPMS / IDPMS explained; India Export and Import Regulations.