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.

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.

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.

SkyERP Export Plus Software for Export Documentation combines export documentation and export compliance activities in one consolidated system to help you quickly meet your compliance requirements. It provides a systematic workflow that enables multiple steps to be carried out in one streamlined process, saving time and resources, and greatly reducing the risk of errors.

Top Highlights of the Software:

• Generate a proforma invoice with all information.
• Auto-generation of all export documents.
• No need for accounting for making export documents.
• Generate date-wise, customer-wise, and product-wise reports.
• Download all export documents anytime, anywhere.
• Manage Pre and Post Shipment documents.
• Compliant with emerging Governmental policies and regulations.
• User-friendly with state-of-the-art latest technology.
• Go Paperless with Digital Signatures and Countersigning documents.
• Get real-time insight into your export business.

Reducing Human Error

Manually entering data into shipping document templates opens up the risk for human error. Every time that data is copied and pasted to other documents you run the risk of the wrong information being submitted to your documents. If one small input error is made, it can potentially cause your business big problems that include delays, fines, and missed shipments.

SkyERP Export Plus Software for Export Documentation is aligned to ensure that fields will meet compliance. This ensures that data is entered correctly, making it easier for anyone in your team to create documents with confidence.

Upgrading to a Software for Export Documentation will streamline the flow of shipping data to all parties involved in the supply chain. If your documentation is in a digital format, you can easily pass this to your freight partners to reduce admin and documentation fees. Doing so will give your business a competitive advantage and ensure you are ready for the future of global trade.

Get Free Demo Consultation with Everexinfotech for SkyERP Export Plus software.

The post Highlights of using an effective Software for Export Documentation appeared first on Everex Infotech.

India’s textile sector is one of the oldest sectors of the Indian economy, dating back centuries. Today, India ranks fifth in the world’s textile export trade, with an export value of $37.11 billion. The textile sector has continuously maintained a commercial surplus with the export collector greater than imports. The textile and apparel industry in India contributes significantly to the economy, both in terms of national share and exports. The textile industry plays an important role in the Indian economy, providing direct employment to about 35 million people, contributing 4 percent to GDP, and accounting for 35 percent of gross export earnings.

Digital Transformation for Textile Exporters

The export of textiles and clothing is an important source of foreign exchange earnings. An upcoming and growing exporter who is in the textile export business must definitely make use of an effective SkyERP Export Plus solution. The future of India’s textile industry looks bright, supported by strong domestic consumption as well as export demand.

SkyERP Export Plus is an export documentation software for the textile industry, which has been developed and designed specifically keeping in mind to increase productivity by creating error-free export documents in a shipment process. This export documentation software for the textile industry provides functionality to manage all aspects of your textile export and distribution business. Its features work together to automate processes and grow your business, increase transparency, and aid in regulatory compliance.

Documents Required in Textile and Garment Export from India:

• Commercial Packing list.
• Commercial Invoice.
• Purchase order/ letter of credit.
• RCMC (Registration cum Membership Certificate).
• Import Export Code.
• Bills of exchange.
• Certificate of Origin.

SkyERP Export Plus is one of the best industry-recognized export documentation software for the textile industry. It also creates all the reports that you would require in your export incentives business. Get Free Demo Consultation with Everexinfotech for SkyERP Export Plus software.

The post SkyERP Export Plus – Custom Export Documentation Software for Textile Industry appeared first on Everex Infotech.

India’s gemstone and jewellry industry are one of the largest in the world, contributing about 29% of global jewellry consumption. The gemstone and jewellry industry plays a vital role in the development of an economy. This is a sector where India has a strong global reputation, being the largest exporter of gemstones and jewellry in the world. The sector contributes 7% of the country’s gross domestic product (GDP).

The gemstone and jewellry sector is an important source of foreign exchange. The importance of the gemstone and jewellry industry in the Indian economic scenario is developing over the last three or four decades. The gemstone and jewellry industry is one of the major contributors to the country’s export growth. It is one of the fastest-growing sectors. Today, the Indian gemstone and jewellry industry is a world leader employing directly or indirectly around 5 million people.

Gemstone and Jewellry are one of the oldest and most enduring forms of self-expression and adornment. The gemstone and jewellry sector encompasses a wide range of products such as cut and polished diamonds, gold jewellry, non-gold jewellry, colored gemstones, pearls, costume/costume jewellry, rough diamonds, and synthetic stones. The main export destinations for gemstones and jewellry from India are the USA, Europe, Japan, and China.

The US accounts for nearly a quarter of the country’s total gemstone and jewellry exports. The KarurKangayam and HoleNarsipur belts in the southern Indian states of Tamil Nadu and Karnataka are respectively famous throughout the subcontinent for their gemstones including sapphire, moonstone, iolite, aquamarine, garnet, sunstone, and corundum.India’s gemstone and jewellry exports are largely concentrated in the United States, United Arab Emirates, and Hong Kong, which together account for up to 80% of shipments. there is a continuous increase in gemstone and jewellry exports from India. India has a brighter future for its gem and jewellry exports.

Accelerating Efficiency in a Fast-Growing Sector

To Export Gems and Jewellery products, an Exporter needs Export Documentation Software which saves the valuable time of Exporter to increase his efficiency. SkyERP Export Plus is one of the best Export Documentation Software for the Gems and jewellry industry. SkyERP Export Plus is Export Documentation Software for Gems and jewellry exporters designed in accordance with the regulations and documents required for Gems and Jewellery export.

This Export documentation software for Gems And Jewellery allows and aids you to generate all documents involved in an export process. SkyERP Export Plus is key software needed by an exporter as it offers various unique features e.g LC Expiry alarming, Outstanding payment alarm, Order/Invoice Pending Status, etc.

The post Guidelines on Export and Export Documentation Software for Gems and Jewellery industry appeared first on Everex Infotech.

Exports have occupied an important place in the development process of any national economy. Spices are one of the most traded agricultural products in the world. As the world’s leading producer and exporter of spices, India is a major player in the spice export trade. The spice export business is one of the most prosperous markets in the country. India is considered the world’s largest exporter of spices and has a trading history stretching back thousands of years.

Spice Market Growth and Demand

During 2020-21, despite the continuance of the COVID-19 pandemic spices export from India endured an upward fashion and has crossed the US$4 billion. India is the main producer and exporter of spices all over the world. Spices play an important role in the country’s agricultural economy. Spices rank fourth among India’s agricultural exports in terms of export value. The demand for Indian spices is growing rapidly worldwide. Indian spices are the maximum sought-after globally, given their high-quality aroma, texture, flavor, and medicinal value. The top importer of Indian spices is Germany, China, the U.S.A, the Netherlands, Saudi Arabia, and European countries.

Mandatory Export Documents for Spices

Export Documents are mandatory documents for any exporter as per the central government’s guidelines. Following are the some of the Export Documents required in Spice Export:

• Incorporation Certificate
• Import Export Code
• Membership Certificate from the Spice Board
• GST registration
• MSME registration
• License from FSSAI
• Phytosanitary Certificate
• Bank certificate
• Company PAN card

Strategic Automation with SkyERP Export Plus

SkyERP Export Plus is the best-suited Export Documentation software for spice exporters as it offers an easy user interface. This software also assists in creating various types of licenses required in the export process for e.g. EPCG License, MEIS license, etc. SkyERP Export Plus export documentation software for spice exporters can support the growth of your spice export business by creating a large number of exports and managing the documents of the export process, making your work more reliable and stress-free by managing all the documents with just one click.

The post How to manage your spice Export Documents with unique Export Documentation software for spice exporters appeared first on Everex Infotech.

The post Everything you need to know about Bill of Lading (BOL) in Export Business appeared first on Everex Infotech.

The post SkyERP Export Plus | Best Export Documentation Software for Cashew Exporters appeared first on Everex Infotech.