Exports are sale of goods out of Indian custom barriers. This is the most profitable business in India now and in the coming years. India manufactures a wide range of products and because India is still a developing and low-cost country, then the costs to manufacture the products are very low. India is becoming a new “China”. Indian Export grows fastly and India is replacing Chinese exports in many different product categories. Profit margins can be very high, sometimes 100%-300%.

Top Commodities and Market Potential

The biggest unmatched export potential is for diamonds, pearls, precious metals, India steel exports, leather export from India, coffee export from India and also gold items. India software exports are also in demand across the globe. This business model is especially lucrative for people from India because average Indian software engineer still earns much lower, that he/she could earn in European countries or In the USA.

Introduction to SkyERP Export Plus

SkyERP Export Plus is software designed to take care of all your export Documentation. The export document software covers all the bill of export operation, from start to end. It is well divided into two parts, one take cares of your preshipment activity and second will take care of your postshipment.

Key Modules and Features

• Masters: Master are used for entry automation. Once the entry is placed in master it will display the same entry at the time of the respective transaction. This avoids the entry duplication and saves your precious time.
• Pre shipment Details: Includes Order Acceptance, Proforma Invoice, Invoice, Packing List, Custom Invoice, and Shipping Instructions.
• Post-shipment Document: Includes Commercial Invoice, Commercial Packing List, Bank of Exchange, Shipment Advice, and Letter to Bank.
• Reports: Creates Currency wise Exports, Incentive Registers, LC Register, Advance License Status report, and FOB Sales report.

Advantages of SkyERP Export Plus

• It offers excellent flexibility at different stages of documentation
• Systematic flow of data avoids duplication of work
• Faster generation of documents
• Validation avoids the chance of errors
• LC Expiry and last date of shipment alarming
• User friendly interface makes the understanding of the software easy for layman as well

The post How Export Documentation Software will increase your productivity appeared first on Everex Infotech.

Much of my day is utilized talking with people on the phone who have expressed interest in learning further about the SkyERP Export Plus export documentation in India and compliance software. The ones who become customers tend to have many of the same reasons for funding the software. This article outlines the five most popular reasons why companies invest in and use total export solution software. If you’re on the fence attempting to determine whether or not import-export business software is a worthwhile investment, take a glance at the information below. It will assist you in making a well-informed decision.

1. Ensure Consistency throughout Your Company

Exporting companies that do not have import and export documentation and compliance software in place frequently have a rather haphazard procedure for designing their export business documents. They may use Word or Excel templates, which entails typing the same data over and over and doing a lot of copying and pasting. These processes are time-consuming and tedious. I recently chatted with a company that used accounting software to create their packing lists, different software to produce bills of lading, and yet different software to create commercial invoices. This makes for a rather disorganized, inconsistent and potentially unreliable process.

Assume instead that you have one software program to produce all of your export procedure and the database is distributed across multiple workstations. With the click of a button, you can pull in your contact and product information for each consignment from a database, and this information will be automatically appended to all the documents for which it is needed with the precise formatting. This ability to organize import export documentation procedure and make the overall design more consistent is the single biggest reason why companies end up purchasing export software.

2. Reduce the Time It Takes to Build Export Business Documents

One system for all your standard export paperwork will cut down on the time it demands to generate the documents. Our customers state they can produce their documents up to five-times faster than traditional methods like using templates. They’re able to accomplish this because software solution like SkyERP Export Plus is specifically designed to eliminate redundant data entry. Software enables you to enter information common to multiple documents on a single screen, rather than having to retype the same information over and over repeatedly for each document.

3. Enhance the Accuracy of Your Export Documents

Manual data-entry methods like using Word or Excel templates are inclined to errors. The more typing you do, the greater the risk of executing a typo. These mistakes can hold up your shipment, prevent you from getting paid on time, or get you in trouble with customs. Automating your export incentives plans by using export software significantly cuts down the amount of typing you need to do, resulting in less errors and, in turn, less headaches for you and your customers.

4. Stay on Top of Evolving Regulations

Export industry regulations are constantly changing. The data needed on export documentation paperwork, product classification codes (such as HS codes or ECCNs), and industry best practices are in a constant state of flux. It can be a challenge to try and keep up-to-date on the changing regulatory environment. Fortunately, software like SkyERP Export Plus is consistently updated to reflect changing regulations and emerging best practices. When you apply SkyERP Export Plus, you can be confident that you are using only the most up-to-date information.

5. Monitor Your Export Process

SkyERP Export Plus includes a Shipment Log that functions as a checklist your users can follow for each shipment. The steps in the checklist can be customized to fit your company’s specific export procedure. SkyERP Export Plus’ built-in Export Compliance Module enables you to run compliance screenings to make sure you are not doing transaction with a person or company on any of the government’s restricted party lists, to make sure you know which documents you need to provide for each shipment, and to make sure you are informed if a deemed export license is needed. Furthermore, the outcomes of any of the screenings you run in the Export Compliance Module can be issued and are stored in an audit trail. SkyERP Export Plus also involves the ability to generate reports such as shipments by country, by products, or by freight forwarders in a given date range.

The post 5 Reasons You Need Export Documentation Software appeared first on Everex Infotech.

Answer to this question lies in the nature of the business relations between the exporter and the importer operating from two countries. One knows, unlike the domestic business, the commercial practices and legal systems are different in the two countries the exporter and importer are operating from. Therefore, in order to protect the respective interests of the exporter and the importer involved in export business, certain documentary formalities become essential. Such documentation facilitates the smooth flow of goods and payments thereof across national frontiers.

Classification of Export Documents

Export documents based on the functions performed by them are broadly classified into four types:

1. Commercial Documents
2. Regulatory Documents
3. Export Assistance Documents
4. Documents required by Importing Countries

Commercial Documents

1. Commercial Invoice: This is the first basic and the only complete document in an export transaction. It is, in fact, a document of contents containing information about goods. Harmonized System Nomenclature (HSN), price charged, the terms of shipment and marks and numbers on the packages containing the merchandise. Besides commercial invoice, there is a proforma invoice also. The importer requires this document for obtaining an import license and opening a letter of credit in favor of the exporter.
2. Bill of Lading: Bill of lading (B/L) is a document which is issued by the shipping company acknowledging that the goods mentioned therein are either being shipped or have been shipped. This is also an undertaking that the goods in like order and condition as received will be delivered to the consignee, provided that the freight specified therein has been duly paid.
3. Airway Bill: In air carriage, the transport document is known as the airway bill. This document performs three functions of a forwarding note for the goods, receipt for the goods tendered, and authority to obtain delivery of goods. Since it is non-negotiable, so it does not carry the same validity as a bill of lading for sea transport carries.
4. Bill of Exchange (B/E): Bill of exchange is an instrument or draft used for the payment in international / export business. It is an instrument in writing containing an unconditional order, signed by the marker, directing a certain person to pay a certain sum of money only to or to the order of a person or to the bearer of the instrument. The person to whom the bill of exchange is addressed is to pay either on demand or at a fixed or a determinable future.
5. Letter of Credit: It is a written instrument issued by the buyer’s (importer’s) bank, authorising the seller (exporter) to draw in accordance with certain terms and stipulating in a legal form that all such bills (drafts) will be honoured. Letter of credit provides the exporter with more security than open accounts or bills of exchange.

Regulatory Documents

1. Legal Documents for Export from India: There are two types of regulatory documents, one, documents needed for registration and two, documents needed for shipment.
2. Shipping Bill: The shipping bill is the main document on the basis of which the custom’s permission for export is given. Post parcel consignment requires customs declaration form to be filled in.
3. Marine Insurance Policy: It is the basic instrument in marine insurance. A marine policy is a contract and a legal document which serves as evidence of the agreement between the insurer and the assured. The policy must be produced to press a claim in a court of law. An exporter must also put up the marine insurance policy as a collateral security when he gets an advance against his bank Credit.

Export Assistance Documents

1. Application Form for Registration: Exporters desirous of availing themselves of the benefits of the import policy are required to register themselves with the appropriate registering authority such as Export Promotion Councils (EPC), Commodity Boards and Chief Controller of Imports and Exports (CCIE), New Delhi. The application for registration should be accompanied by a certificate from the exporter’s bankers in regard to his financial soundness.
2. Allotment of Indigenous Raw Materials on Priority Basis: Manufacturer- exporters may apply to the Director of Export Promotion, Ministry of Commerce, for replenishment of the indigenous materials used in the manufacture of goods for export.
3. Duty Drawback: For claiming this incentive, the main document is the customs attested drawback copy of shipping bill. This is to be accompanied by other documents such as drawback payment order, final commercial invoice and a copy of bill of lading or airway bill, as the case may be.
4. REP License and CCS: For claiming REP license and cash compensatory support (CCS), the exporter is required to prepare and file a number of documents. Key documents include: Application in the prescribed form , Acknowledgement slip , Bank challan for the application fee paid , Advance receipt for cash assistance amount , A duly certified copy of shipping bill , and Non-negotiable copy of bill of lading/airway bill.

Documents Required by Importing Countries

Importing countries need some documents because of the legal necessity. These are obtained by the exporter and sent to the importer.

1. Consular Invoice: Issued by the consulate of the importing country; it gives a declaration about the true value of goods shipped.
2. Certificate of Origin: Issued by independent bodies like the chamber of commerce to certify goods were produced in that country.
3. GSP Certificate of Origin: Required for goods getting preferential import-duty treatment under the Generalized System of Preferences.
4. Customs Invoices: Enable customs authorities of the importing country to levy and charge import duty.
5. Certified Invoice: Self-certified by the exporter about the origin of the goods.

Manage your complex regulatory and commercial files with SkyERP Export Plus.

The post Why is Documentation Needed in Export Business and what are the Export Documents? appeared first on Everex Infotech.

Exports are incredibly important to modern economies because they give people and companies so many more markets for their products. The role of exports in determining economic development is seen as a major policy issue in many developing economies such as India. Over the past decade, India has become one of the major exporters of agricultural products. India is among the top 15 exporters of agricultural products in the world. The experience of many countries around the world suggests that the export orientation of the agricultural sector is one of the prerequisites for its success in world trade.

India’s Leading Position in World Trade

India occupies a leading position in the world trade in agricultural products. The country has become a major exporter of certain agricultural products such as rice, spices, raw cotton and sugar. India has evolved export competitiveness in certain specialized agriculture products. There is a great demand for organic food in various countries and the products exported from India are of good quality and at low prices. India’s export growth over the past decade has been the highest of any other country, with an annual rate of over 21%. India has become a very important player in the world market.

Challenges in the Documentation Process

There are various challenges in documentation process faced by an Agro Exporter:

• Automation in work
• Retrieval of data
• Accurate and complete documentation
• User defined reports generation
• Document management
• Awareness about licenses
• Chances of human error in documentation process
• Lack of flexibility at different stages of documentation
• Lack of systematic flow of data
• Chances of avoiding due dates

The One-Stop Solution: SkyERP Export Plus

The one stop solution for all the challenges is SkyERP Export Plus. SKY ERP EXPORT PLUS helps the exporter to complete the export document management process stepwise, as required by the export process:

• Step 1: Enquiry
• Step 2: Proforma Generation
• Order Placement
• Order Acceptance
• Invoicing
• Packing List and other documents
• Customs Clearance
• Bills Negotiation
• Receipts of Bank Certification

Comprehensive Software Benefits

SkyERP Export Plus is the most comprehensive web-based export documentation software suite that functionally covers export documentation and business intelligence report management. It Improves operational efficiency by automating the manual steps in export processes. SkyERP Export Plus is useful to meet the End to End licensing documentation, monitoring export benefits, the advanced features of the letter of credit, monitoring of export shipping processes. It helps in faster generation of Documents. SkyERP Export Plus saves time in Export documentation, optimizes the use of export incentives and licenses, increases sales with strategic sales analysis tools, speeds up the reporting process leading to corrective decisions and avoid penalties using system-generated pre-alerts.

The post Export Procedures and Documents for AGRO based products appeared first on Everex Infotech.

Any export process requires certain rules and regulations to be followed which are required by the law of the land. These regulations require a lot a documents for custom clearance by the authorities. This means that businesses engaged in exporting and importing goods to and from the country need to clear specific customs barriers as outlined by their respective governments. The export process usually involves preparing documents that may be submitted electronically or physically with the consignment. This helps concerned authorities to calculate taxes and duties that will be levied on the cargo.

Understanding the Documentation Framework

The type of documents required for customs clearance usually depends on the type of goods being shipped. It may also vary depending on the country of origin and the destination of the cargo. However, as a thumb rule, there are a set of general documents that most businesses need to comply with when importing or exporting goods.

List of Documents required for Exports Customs Clearance

• Enquiry
• Proforma Invoice
• Customs Packing List
• Country of Origin or COO Certificate
• Commercial Invoice
• Bill of Lading
• Letter of Credit
• Bill of Exchange

Detailed Document Definitions

1. Enquiry: An inquiry is a request from the prospective buyer to keep him informed of the terms and conditions of sale. Any export inquiry has to be attended with promptness and meticulous care.
2. Proforma Invoice: A pro forma invoice is a quotation prepared in the format of an invoice; it is the preferred method in the exporting business. A quotation describes the product, states a price for it, sets the time of shipment, and specifies the terms of sale and terms of payment.
3. Custom Packing List: Customs Packing List is an inventory of the contents of your consignment. It includes information required for international customs, such as the size and number of your parcels, and an itemized breakdown of your consignment contents. It is also used to update your tracking information.
4. Country of Origin or COO Certificate: A Certificate of Origin is issued by both the Indian Chamber of Commerce as well as Trade Promotion Council of India. This certificate issued by these two bodies is essential for exporters in India to prove that the commodities being exported are of Indian origin.
5. Commercial Invoice: A commercial invoice is required for any international shipment which carries a commercial value to fulfil all regulations under the export/import country’s customs regulation. The document is to be prepared when the exporter is ready to ship the goods.
6. Bill of Lading: The bill of lading (BL) signifies the successful completion of trade on the receipt of consignment. Fundamentally, the transportation company issues this document with a clear depiction of the agreement between the shipper and the company regarding the deal.
7. Letter of Credit: An Export Letter of Credit, which is also referred to as documentary credit, is a contractual agreement on the part of the issuing bank, on behalf of an importer, promising to pay the beneficiary or exporter provided conditions specified in the Letter of Credit have been satisfied.
8. Bill of Exchange: A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand, or at a fixed or determinable future time, a certain sum in money to or to the order of a specified person, or to bearer.

Ensuring these documents are managed through a reliable system like SkyERP Export Plus is critical for global compliance.

The post Important Documents Required in an Export Process appeared first on Everex Infotech.

With the change in times due to the global pandemic, many organizations have shifted to the remote work culture. This change in work culture has physically separated the employees from the office. Some of the processes in export industry used to heavily rely on paper documentation and traditional processes. Switching to this new remote process has been tedious for the organizations, however upon adapting to the same it is proved to be a boon.

Technology as a Boon for Productivity

SkyERP Export Plus being one the best export management software in India, provides some key features which will help your organization in this work culture shift. This software also offers an extraordinary series of technology resolutions and the organization can become more productive. SkyERP Export Plus is developed and offered by Everex Infotech, which is the best service provider and has been successfully providing world class products.

Benefits of Digital Export Management

Upgrade to the best export documentation management software in India, and let the software take care of all your export documentation management needs. Easily digitize all your export paperwork and make the documents accessible to your employees from any remote location. The software not only records the entire export process but also automatically generates the PDFs.

The post Running Your Export Business Remotely In 2022 With The Best Export Management Software appeared first on Everex Infotech.

Exports are goods and services produced in the country but then sold to customers residing in other countries. Exports are a very important tool in stimulating the economic growth of a country. Exports also help create more job opportunities, which ultimately translates into higher GDP growth. Exports provide access to a broader global market for millions of small and large businesses. Exports are of enormous importance for the overall growth of a country’s economy and also for global trade. Several economists have highlighted that increased exports help nations grow rapidly in terms of GDP and domestic production.

India’s Leading Position in Tea

India is the fourth-largest exporter of tea in the world. India accounts for around 10-12% share of world tea exports. Exports are essential for earning foreign exchange for the nation and Indian tea has traditionally been a major contributor in this regard. Tea is one of the most popular and cheapest drinks in the world, after water. Tea is consumed by a large group of society. Over three billion cups of tea are consumed every day around the world and it is considered to be part of the huge beverage market. The export of tea from India has become one of the important sources of income for the country. The Indian tea industry is one of the key contributors to the Nation’s GDP.

Mandatory Tea Export Documents

These are some of the documents involved in a Tea exporting process:

• COA (Certificate of Analysis)
• Letter of Credit
• Certificate of Origin (Issued by Chamber of Commerce)
• Export invoice
• Letter of Credit
• Phytosanitary certificate (Given by Plants & Quarantine Department)

Efficient Management with SkyERP Export Plus

Managing these documents accurately is vital for maintaining international trade standards. SkyERP Export Plus provides the necessary tools to handle these requirements seamlessly.

The post Export Documents required in Tea export process appeared first on Everex Infotech.

In the financial year of 2020-21, the marine products and seafood exported by India were 11,49,341 Megatonne. The approximate value of these export was about 43,717 crores according to MPEDA. The seafood exports from the country have witnessed exponential growth and rise over the past years. The Marine products mainly exported by India are Crustaceans and major export volume is dominated by marine fish – mackerel, tuna, and some other species and mollusks like cuttlefish and squid.

Understanding MPEDA Regulations

The marine product export in India is regulated by MPEDA – Marine Products Export Development Authority which is recognized by the MPEDA Act of 1972. It is a statutory body functioning under the Department of Commerce. MPEDA is the Governmental body created for the growth of the seafood industry in India. SkyERP Export Plus is an Export documentation software for marine product exporters, which is developed keeping in mind the guidelines laid down by MPEDA.

Objectives of Overseas Trade Promotion

The objectives of the Overseas Trade Promotion Offices are to promote seafood imports into the respective countries by liaising with Indian exporters as well as overseas importers, developing contacts with government agencies/officials. The Marine Products recognized by MPEDA include all varieties of fishery products known commercially as shrimp, prawn, lobster, crab, fish, shellfish, other aquatic animals or plants, or part thereof.

Highly Exported Marine Products

The list of highly exported marine products and Commercial Fishes is as follows:

• Crustaceans
• Teleosts
• Sciaenids
• Catfish
• Other Fishes
• Molluscs
• Scombroids
• Carangids
• Clupeids
• Elasmobranchs
• Perches
• Ribbon Fish
• Flat Fish

Compliance and Transaction Management

SkyERP Export Plus is one of the best Export Documentation Software for marine product exporters as it has all the provisions to meet your export documentation according to the prescribed regulations. If any dispute arises with your overseas buyer, this documented information helps in overcoming misunderstanding and oversight for both parties. So this best software for export business provides proper documentation which helps you and your overseas buyer in handling your transactions in all means including time management, payment protection, claim on loss, etc.

The post Export Documentation Software for Marine product Exporters under the guidelines of MPEDA appeared first on Everex Infotech.

A merchant exporter is always engaged in trading activity by exporting already manufactured goods. Although merchant exporters are recognized as other regular exporters there are certain benefits that the Government has provided to the merchant exporters. Merchant exporters have proved to help the country’s economy by bringing in foreign capital. The government has provided special relief to the merchant exporters by way of reducing the GST rate to 0.1% for purchasing goods from domestic suppliers.

Importance of Timely Documentation

In case the merchant exporter fails or forgets to export the goods within 90 days from the date of issue of the tax invoice, then the exporter will not be able to avail of the benefit of the concession on the tax. Therefore, it is of prime importance that the timely process is followed by the exporter. SkyERP Export Plus allows and aids you to generate all documents involved in a merchant trade export process. Thus SkyERP Export Plus is one of the best industry-recognized export documentation software for merchant exporters.

Key Benefits and Activities

With the software, you can easily and smoothly perform the below-mentioned activities:

• Generate a proforma invoice with all information
• Auto-generation of all export documents
• Generate date-wise reports, customer-wise reports, and product-wise reports
• Download all export documents anytime, anywhere
• Track landing cost of exported products
• Ease vendor and customer payments

SkyERP Export Plus is an export documentation software for merchant exporters, which has been developed and designed specifically keeping in mind the challenges faced by an exporter in a shipment process. With the help of SkyERP Export Plus, the merchant exporter can generate all the important documents required for an export shipment:

• PROFORMA INVOICE
• GSR
• Packing List for Customs
• Separate Packing Details for Packing List
• Commercial Invoice
• Packing List for Consignee
• Bill of Exchange
• Bill of Lading

SkyERP Export Plus is an export documentation software for merchant exporter which specializes in landing cost calculation, shipment, and inventory tracking, as well as document generation and management. It also helps organizations plan their import and export strategies.

The post SkyERP Export Plus: The Ideal Export Documentation Software for Merchant Exporters appeared first on Everex Infotech.

The world today is facing a major challenge in coping with the adversarial effects of the Coronavirus (COVID-19) spread. India has emerged as a major pharmaceutical exporter across the globe, meeting the demand for several key drugs and preventive medical supplies. India has been a leader in producing and exporting drugs, formulations, and other medical equipment.

Challenges in Pharmaceutical Distribution

There are numerous challenges that are considered a hindrance to the development in the export and distribution of pharmaceuticals. All the challenges can be overcome using effective export documentation software for pharma exporters. SkyERP Export Plus is designed in consistence with the regulations and documents required in exporting pharmaceuticals.

Documents Required for the Export of Pharmaceutical Products:

• Company PAN number
• Bank account statement and other financial documents
• Bankers Certificate and other customs documents
• IEC Number
• Indian Trade Classification (HS) of the product
• Proof of ownership of business premises or rental agreement
• Cancelled cheque
• WHO: GMP certification
• Dossier containing product details, generic names, dosage strength, and stability testing

Benefits of SkyERP Export Plus

This export documentation software for Pharma Exporter provides functionality to manage all aspects of your pharmaceutical export and distribution business. Its features work together to automate processes and grow your business, increase transparency, and aid in regulatory compliance. Get Free Demo Consultation with EverexInfotech for SkyERP Export Plus software.

The post Essential Documents for Exporting Pharmaceutical Products from India appeared first on Everex Infotech.