What is a Shipping Bill?
Shipping Bill which is also known as bill of export is a document prepared by an exporter or his agent for the purpose of custom authorities to grant permission for exports. Whether the shipment is by air, sea, or road, an exporter cannot load the goods without filing the Shipping Bill which the customs authority…
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Now as a retail investor you can open an ‘RBI Direct’ gilt account
The Reserve Bank of India in its ‘Statement of Developmental and Regulatory Policies’ dated February 05, 2021 for improving ease of access by retail investors through online access to the government securities market – both primary and secondary – along with the facility to open their gilt securities account (‘Retail Direct’) with the RBI. The…
Read article What is a bill of lading?
A Bill of Lading is a document issued by a Carrier to a Shipper, confirming goods were received in an acceptable condition and are ready to be shipped and delivered to the consignee. Carrier is a person who performs or undertakes to perform for hire, the carriage or part thereof, of goods by road, rail,…
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The difference between the House Bill of Lading and Bill of lading explained
A Shipper (exporter/supplier) of the goods normally hires a freight forwarder (forwarding agent) or Non-Vessel Operating Common Carrier (NVOCC) in order to arrange transportation of his goods to a foreign destination. Once receiving cargo from shipper freight forwarder inspects the cargo to verify that the consignment received by them is without damages. The freight forwarder…
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Interest rates of PPF, NSC, and other small saving schemes kept unchanged for July-Sept 2021
The government has decided to keep the interest rates for small savings schemes unchanged for the July-September quarter, the fifth in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated June 30, 2021. Thus, the interest in the small savings…
Interest Equalisation Scheme for Export Credit
The Interest Equalisation Scheme for export credit is available to all MSME exporters under 416 tariff lines under Indian Trade Clarification (ITC)- Harmonized System (HS) Codes of 4 digits and exports made by MSMEs across all ITC(HS) codes. It means all MSME exporters including merchant exporters are eligible for an Interest Equalisation rate from 3%…
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