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Author: Financial Analyst

  • Step-by-Step Process for MEIS (Merchandise Exports from India Scheme)

    Step 1 — Check Eligibility for MEIS

    You are eligible if:

    • Goods exported fall under notified HS codes in MEIS schedule
    • Export was made through EDI shipping bills indicating “MEIS Yes”
    • Exports were made between 1 April 2015 and 31 December 2020
    • e-BRC (Bank Realisation Certificate) is available and updated in DGFT system

    MEIS is not available for:

    • SEZ units exporting through SEZ Shipping Bills (EODC only, not MEIS)
    • Foreign trade carried out without MEIS declaration in shipping bill
    • Non-notified HS codes

    Step 2 — Verify Shipping Bill Details

    Before applying, verify that:

    • “Reward Scheme – Yes” is selected
    • Correct HS Code is mentioned
    • Port code and date are accurate
    • EDI data is flowing into DGFT server
    • Let Export Order (LEO) is available

    If any error exists, you must rectify it via Customs before filing the MEIS claim.

    Step 3 — Ensure e-BRC (Bank Realisation Certificate) is Uploaded

    • Log in on DGFT portal → eBRC status check
    • Verify bank BRC uploading
    • Ensure the value in e-BRC matches shipping bill value (within tolerance limits)

    Without e-BRC, the MEIS claim cannot be processed.

    Step 4 — Collect Required Documents for MEIS Filing

    • IEC Copy
    • Shipping Bills (EDI only)
    • e-BRC copies
    • Export invoice & packing list
    • Digital Signature Certificate (DSC)
    • RCMC (Registration Cum Membership Certificate)
    • CA-certified export turnover statement, if required
    • Any supporting documents requested earlier by DGFT

    Step 5 — Register on DGFT Portal

    1. Visit: https://dgft.gov.in
    2. Create a new user ID or log in
    3. Link IEC
    4. Add DSC
    5. Update profile

    You can now file MEIS claims under the “Services → MEIS” section.

    Step 6 — File Online MEIS Application (ANF 3A)

    1. Go to Services → MEIS → Apply for MEIS
    2. Select financial year
    3. Choose port of export
    4. System auto-picks eligible shipping bills
    5. Verify values and select bills for claim
    6. Upload documents
    7. Pay DGFT fee online
    8. Submit application

    You will receive an MEIS File Number for tracking.

    Step 7 — Respond to DGFT Queries & Deficiency Letters

    DGFT may raise:

    • Discrepancies in shipping bills
    • Mismatch between e-BRC and shipping bill
    • HS Code clarification
    • Missing documents
    • Incorrect port selection

    Respond through portal:
    DGFT → MEIS → View Deficiency → Upload Reply + Documents

    Processing will resume after compliance.

    Step 8 — DGFT Approves Application & Issues MEIS Scrip

    Once approved:

    • You receive MEIS duty credit scrip electronically
    • Scrip appears under “My Scrips”
    • You can transfer, utilize, or sell the scrip

    Earlier, physical scrips were issued; now everything is digital.

    Step 9 — Use MEIS Scrip for Duty Payment

    MEIS scrip can be used to pay:

    • Basic Customs Duty
    • Additional Customs Duty
    • Anti-dumping duty (for eligible goods)

    Scrips are transferable and tradable.

    Documents Required for MEIS Claim Filing

    • IEC & Profile details
    • Export invoices
    • Packing lists
    • Shipping bills (EDI)
    • e-BRC
    • CA certificate of net foreign exchange
    • Technical specifications for notified HS codes (if required)
    • Any deficiency letter response

    Timelines

    ActivityTypical Time
    DGFT processing after submission15–60 days
    Deficiency letter resolutionDepends on exporter
    Issuance of MEIS scrip1–7 days after approval

    Common Mistakes to Avoid

    • Not selecting “MEIS Yes” in shipping bill
    • Mismatch between invoice value and e-BRC value
    • Not linking IEC with DGFT profile
    • Using wrong HS code
    • Late filing (after closure of scheme window)
    • Missing RCMC
    • Ignoring deficiency letters

    Benefits of MEIS Scheme

    • Duty credit scrips boost export margins
    • Scrips are transferable
    • Simple online application process
    • Supports exporters with diversified markets

    Saving Mantra — MEIS Assistance (CTA)

    We assist exporters with:

    • MEIS eligibility and assessment
    • Filing ANF 3A application
    • Rectifying shipping bill errors
    • Responding to DGFT deficiency letters
    • Tracking status & resolving technical issues
    • Scrip issuance and utilization support

    CTA for WordPress:
    <a href="/contact">Get MEIS Filing Assistance — Talk to Saving Mantra Experts</a>

    FAQ

    Q: Is MEIS still available today?
    A: Not for new exports. MEIS ended on 31 Dec 2020, but old claims can still be filed if DGFT extends deadlines via notifications.

    Q: Can MEIS scrip be transferred?
    A: Yes, MEIS scrips are fully transferable.

    Q: What happens if a shipping bill does not show in DGFT portal?
    A: You must correct EDI data at Customs or raise a grievance.

    Excerpt (WordPress Summary)

    A complete step-by-step guide to MEIS filing. Learn eligibility, documents, DGFT application process, deficiency letter handling, and how MEIS scrips are issued and used.

    Disclaimer (Add to end of post or footer)

    Disclaimer: This article is for general informational purposes only and should not be considered legal, financial, or professional advice. MEIS regulations, DGFT procedures, and government notifications are subject to change. Exporters should verify the latest DGFT guidelines or consult a qualified consultant before filing MEIS claims. Saving Mantra is not responsible for any errors, omissions, or interpretations of the information provided.

  • Flipkart Seller Compliance Guide for Indian Sellers – Complete 2026 Guide

    Flipkart is one of India’s largest e-commerce marketplaces, offering huge opportunities for sellers. But to scale successfully, every seller must follow strict GST, TDS, accounting, product compliance, taxation, and marketplace-specific rules.

    Non-compliance can lead to payment holds, penalties, listing removal, or account suspension.

    This powerful guide by Saving Mantra covers everything a Flipkart seller needs in 2025 to remain 100% compliant and audit-ready.

    1. Flipkart Seller Registration Requirements

    Before selling, you must complete:

    • Proprietorship / Partnership / LLP / Pvt Ltd setup
    • PAN + Aadhaar
    • Bank account
    • GST Registration (mandatory for e-commerce sellers)
    • Pickup address approval
    • Product listing compliance

    Best Structure for Scaling

    • LLP – low compliance + credibility
    • Private Limited Company – for long-term scaling, brand building, tax optimization

    2. GST Compliance for Flipkart Sellers (Most Critical)

    2.1 GST Registration – Mandatory

    Selling on Flipkart requires GSTIN, even if turnover is below threshold.
    E-commerce sellers do not get exemption.

    2.2 Monthly GST Returns

    Flipkart sellers must file:

    • GSTR-1 – outward supply
    • GSTR-3B – tax payment summary
    • GSTR-2B – ITC reconciliation

    2.3 GST Categories to Reconcile

    Flipkart provides several reports that must match GST returns:

    • Sales
    • Returns
    • Shipping fees
    • Commission fees
    • Refund claims
    • Penalties and adjustments

    Incorrect reconciliation leads to GST mismatches, audits, and penalties.

    3. TCS & TDS Rules for Flipkart Sellers

    3.1 TCS under GST

    Flipkart deducts TCS @ 1% on net taxable supplies.
    This TCS appears in your GST portal and must be claimed during GSTR filing.

    3.2 Section 194-O TDS (Income Tax)

    Flipkart deducts TDS @ 1% on gross sales.
    This amount reflects in Form 26AS, reducing your income tax burden.

    4. Invoicing Requirements for Flipkart Sellers

    Your invoice must include:

    • GSTIN
    • HSN code
    • Seller details
    • Customer details
    • Flipkart order ID
    • Tax breakup
    • Product details
    • Shipping details

    E-invoicing

    Mandatory if your turnover exceeds the government’s notified limit.

    5. Accounting & Bookkeeping Requirements

    Every Flipkart seller must maintain:

    • Sales register
    • Purchase register
    • Gross vs net settlement summary
    • Inventory register
    • Expense ledger
    • Commission & marketplace charges
    • Return & refund reports
    • Claim & reimbursement reports

    Accurate accounting prevents losses and ensures smooth tax filing.

    6. Product-Specific Compliance for Flipkart

    Depending on your category, additional compliance may be required:

    6.1 FSSAI License:

    For food, supplements, beverages, consumables.

    6.2 Trademark Registration:

    Helps register your brand and prevent listing hijacking.

    6.3 BIS / ISI Certification:

    Mandatory for electronics, appliances, toys, and several regulated goods.

    6.4 Legal Metrology (LMPC Certification):

    Required for pre-packed goods with MRP.

    Flipkart strictly monitors documentation. Missing certificates = product delisting.

    7. Settlement, Returns & Flipkart Reconciliation

    Flipkart adjusts multiple components:

    • Return orders
    • Refunds
    • Commission
    • Shipping fees
    • Packaging fees
    • Inventory losses
    • Damaged returns
    • Replacements
    • Penalties
    • Promotions & discounts

    Why Reconciliation Is Important

    • Prevents financial losses
    • Ensures accurate GST filing
    • Detects unpaid reimbursements
    • Avoids tax mismatches

    Most sellers lose money because they never reconcile settlement reports properly.

    8. Income Tax for Flipkart Sellers

    Your taxable business income is:

    Sales – Purchase – Marketplace fees – Expenses – GST adjustments – Returns

    Correct ITR Forms

    • Proprietorship – ITR-3 / ITR-4
    • Partnership/LLP – ITR-5
    • Company – ITR-6

    Audit Requirement

    Tax audit is required if:

    • Turnover exceeds ₹1 crore, OR
    • Digital receipts exceed 95% and turnover > ₹10 crore

    9. Annual Compliance Checklist for Flipkart Sellers

    For Proprietorship

    • GST returns
    • Income tax return
    • Books of accounts

    For Partnership/LLP

    • LLP Agreement
    • Annual ROC filings
    • Income tax return
    • GST filing

    For Private Limited Companies

    • Audit
    • Annual financial statements
    • MGT-7 / AOC-4
    • Income tax return
    • GST returns

    10. Common Mistakes Flipkart Sellers Must Avoid

    • Not reconciling returns & commissions
    • Filing incorrect GST returns
    • Ignoring TDS/TCS credits
    • Missing invoices or HSN codes
    • Wrong tax classification
    • Delayed ROC and annual compliance
    • Selling regulated goods without proper licenses
    • Using personal bank accounts

    These mistakes can cause huge losses and Flipkart account closures.

    11. How Saving Mantra Helps Flipkart Sellers

    We offer complete, automated, end-to-end Flipkart compliance support:

    • GST Registration & Monthly Filing
    • Sales, Returns & Settlement Reconciliation
    • TDS/TCS Credit Management
    • Accounting & Bookkeeping
    • Trademark, FSSAI, LMPC Registrations
    • Business setup (Proprietorship/LLP/Pvt. Ltd.)
    • Income Tax Return filing
    • ROC & Annual Company Compliance

    Saving Mantra ensures 100% marketplace compliance + tax accuracy + financial clarity.

    Disclaimer

    This article is for educational and informational purposes only. Compliance requirements may differ based on business structure, product category, turnover, and government regulations. This content should not be considered legal or tax advice. For personalised compliance guidance, consult a qualified professional. Saving Mantra is not responsible for decisions made based on this article.

  • Step-by-Step Process for Trade Finance

    Trade finance helps exporters and importers complete international transactions safely. It reduces risks, ensures timely payments, and provides financial support for global trade.
    Here is an easy step-by-step explanation of how trade finance works.

    Step 1: Buyer and Seller Finalize the Trade Terms

    Before finance or payment arrangements begin, both parties agree on:

    • Price of goods
    • Delivery terms (INCOTERMS)
    • Payment terms (LC, advance, open account, etc.)
    • Shipping timelines
    • Required documents

    Clear terms help avoid misunderstandings.

    Step 2: Choose the Right Trade Finance Instrument

    Depending on risk and trust level, businesses select one of these common tools:

    1. Letter of Credit (LC)

    Bank guarantees payment to the seller if documents are correct.

    2. Bank Guarantee (BG)

    Bank promises to pay the beneficiary if the buyer fails to meet obligations.

    3. Bill of Exchange / Documentary Collection

    Banks help collect payment based on documents.

    4. Export Packing Credit (EPC)

    Pre-shipment loan for exporters to buy raw materials and prepare goods.

    5. Invoice Discounting / Factoring

    Exporter gets cash early by selling invoices to a bank/financer.

    6. Buyer’s Credit / Supplier’s Credit

    Short-term finance to support international trade payments.

    Step 3: Buyer Approaches the Bank

    The buyer applies for trade finance (usually LC or BG).
    Bank checks:

    • Buyer’s credit rating
    • Past banking history
    • Trade documents
    • Transaction purpose

    After approval, the bank issues the chosen instrument.

    Step 4: Seller Prepares and Ships the Goods

    Once the bank instrument is active, the seller:

    • Manufactures or collects goods
    • Packs them for export
    • Books shipping/air cargo
    • Prepares export documents

    Step 5: Seller Submits Documents to the Bank

    Common documents include:

    • Commercial invoice
    • Packing list
    • Bill of Lading / Airway Bill
    • Certificate of Origin
    • Insurance certificate
    • Inspection certificate (if required)

    These documents prove that goods were shipped as per agreement.

    Step 6: Bank Verifies the Documents

    The buyer’s bank checks if documents match the LC/contract terms.
    If correct:

    • Bank releases payment to seller
    • Buyer receives documents for customs clearance

    If incorrect:

    • The bank may reject or ask for corrections

    Step 7: Buyer Makes Payment (Direct or Through Bank)

    Depending on the finance method:

    • Under LC → Bank pays the seller
    • Under collection → Buyer pays after receiving documents
    • Under credit facility → Buyer repays the bank later

    Step 8: Goods Arrive & Customs Clearance Happens

    The buyer uses bank-released documents to:

    • Get goods cleared at the port
    • Transport the goods to their warehouse

    Step 9: Settlement and Closing the Transaction

    After payment and delivery:

    • Banks close the LC/BG
    • Exporter claims incentives (if applicable)
    • Both parties settle accounts
    • Documents are archived for record-keeping

    Why Trade Finance Is Important

    • Reduces risk for both buyer and seller
    • Ensures secure and timely payments
    • Helps businesses trade internationally
    • Provides working capital for exporters
    • Builds trust in cross-border trade

    FAQ

    Q1. What is the safest payment method in trade finance?
    Letter of Credit (LC) is considered one of the safest because the bank guarantees payment.

    Q2. Can small businesses use trade finance?
    Yes. Many banks offer trade finance products to MSMEs and small exporters/importers.

    Q3. Is collateral required?
    Depending on the bank, credit history, and transaction value, collateral may or may not be required.

    ⚠ Disclaimer

    This article is for general informational purposes only. Trade finance rules, bank procedures, and eligibility criteria vary by institution and country. Always consult your bank, trade advisor, or financial expert before selecting any trade finance product.

  • Step-by-Step Process for Importing Goods Under IGCRD

    Step 1: File One-Time Prior Intimation on ICEGATE

    Before importing goods, the importer must file a one-time prior intimation with the jurisdictional Customs officer through the ICEGATE portal.

    This includes:

    • Company details
    • Premises address
    • Nature of manufacturing or service activity
    • List of goods intended for concessional duty import
    • GSTIN and IEC details

    Once acknowledged, imports can begin.

    ✔ Step 2: Provide Job Worker Details (If Applicable)

    If production or processing will be outsourced, furnish:

    • Job worker’s GSTIN
    • Factory address
    • Nature of job work

    Customs must be informed before sending goods to the job worker.

    ✔ Step 3: Import Goods and File Bill of Entry

    At the time of import:

    • Select IGCRD Rules in the declaration
    • File Bill of Entry
    • Provide manufacturer/service provider information
    • Maintain import documentation

    Customs verifies eligibility and assesses concessional duty.

    ✔ Step 4: Maintain Receipt & Consumption Records

    The importer must track the following:

    • Quantity imported
    • Quantity used in production
    • Quantity sent to job workers
    • Balance stock

    Proper documentation is essential for audits and verification.

    ✔ Step 5: Use the Goods for Permitted Purposes Only

    Goods imported under IGCRD must be used for:

    • Manufacturing
    • Service provision
    • Production of goods
    • Job work processing
    • Repair and maintenance

    They cannot be sold as-is without processing.

    ✔ Step 6: Fulfill Quarterly Return Filing (Now Annual Return in Updated Rules)

    Importers must file a return with Customs, detailing:

    • Quantity imported
    • Duty paid
    • Purpose and consumption
    • Goods sent to job workers
    • Stock details

    Recent amendments allow annual return filing, reducing compliance burden.

    ✔ Step 7: Maintain Compliance Records for Customs Verification

    During inspections, importers must produce:

    • Stock registers
    • Job worker challans
    • Consumption records
    • Manufacturing or service data

    Maintaining clean and accurate records ensures smooth compliance.

    Advantages of IGCRD Over Other Import Schemes

    FeatureIGCRDAdvance AuthorizationEPCG
    Export Obligation❌ No✔ Yes✔ Yes
    For Services✔ Yes❌ No❌ No
    For Job Work✔ Allowed❌ Limited❌ Limited
    ComplianceEasyModerateHigh
    Duty SavingsModerate–HighVery HighVery High

    IGCRD is ideal for businesses that want duty savings without export commitments.

    Common Mistakes to Avoid

    • Not filing prior intimation before import
    • Sending goods to job workers without informing customs
    • Failing to maintain stock registers
    • Wrong declaration in Bill of Entry
    • Missing annual return filing

    SavingMantra recommends completing all customs declarations carefully.

    Frequently Asked Questions (FAQ)

    1. Is export required under IGCRD?

    No, IGCRD does not have export obligations.

    2. Can service providers import capital goods under IGCRD?

    Yes — IGCRD is available to both manufacturers and service providers.

    3. Are job workers allowed?

    Yes, after notifying customs with job-worker details.

    4. Can imported goods be sold as-is?

    No, they must be used for the declared manufacturing or service purpose.

    5. Is there an online portal for IGCRD filings?

    Yes, all filings are done through ICEGATE.

    Conclusion

    The Import of Goods at Concessional Rate of Duty (IGCRD) Scheme is a valuable incentive for manufacturers and service providers seeking to reduce costs and enhance productivity. With simple compliance requirements and freedom from export obligations, IGCRD is one of the most flexible import incentive schemes available.

    At SavingMantra, we help businesses with:
    ✔ IGCRD Registrations & Intimations
    ✔ Customs Compliance
    ✔ DGFT Incentive Guidance
    ✔ Job Worker Documentation
    ✔ Annual Return Filing and Audit Support

    WordPress Disclaimer (Add at Bottom of Blog)

    Disclaimer: This blog is for informational purposes only. The IGCRD Scheme is governed by Customs Rules and Government notifications, which may change periodically. Readers should consult a qualified customs or DGFT professional or refer to the latest official notifications before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes affecting the information provided.

  • Step-by-Step Process for Duty-Free Import of Capital Goods under EPCG

    Step 1 — Understand Eligibility for EPCG Scheme

    You can apply for EPCG if your business is engaged in:

    • Manufacturing of exportable goods
    • Service exports (e.g., hotels, tourism, logistics, IT services)
    • Merchant exporters tied to supporting manufacturers

    Capital goods that qualify include:

    • Machinery, equipment, tools
    • Spares, dies, jigs, fixtures
    • Computer systems and software for services
    • Packaging machinery

    Duty benefit: Basic Customs Duty = 0%

    Step 2 — Check Export Obligation Requirements

    Under EPCG, the importer must meet two types of export obligations (EO):

    1. Specific Export Obligation (SEO):
      • 6x (six times) of the duty saved amount
      • Must be completed within 6 years
    2. Average Export Obligation (AEO):
      • Maintain past average exports (not applicable to new units)

    Step 3 — Collect Required Documents

    You will need:

    • IEC (Import Export Code)
    • GST registration
    • PAN of entity
    • Registration-cum-Membership Certificate (RCMC)
    • Chartered Accountant / Engineer certificate for capital goods
    • Details & technical specifications of machinery
    • Proforma invoice from supplier
    • Manufacturing/service process flowchart
    • Export performance statements (past years)
    • Digital Signature Certificate (DSC)

    Step 4 — Register on DGFT Portal

    Go to: https://dgft.gov.in

    • Create user login
    • Link IEC
    • Update profile
    • Add DSC
    • Verify email and mobile

    This enables EPCG application under the Online System.

    Step 5 — File the EPCG Application (ANF 5A)

    Steps on DGFT portal:

    1. Go to Services → EPCG → Apply for EPCG Authorization
    2. Select ANF 5A Form
    3. Fill details:
      • Capital goods description
      • Duty saved amount
      • Specific EO & AEO details
      • Export product details (ITC HS codes)
    4. Upload mandatory documents
    5. Pay government application fee
    6. Submit to Regional Authority (DGFT)

    Step 6 — DGFT Scrutiny & Clarifications

    DGFT may ask for:

    • Technical justification for machinery
    • Manufacturing/service process notes
    • Export projections
    • Additional certificates

    Respond promptly through the online portal.

    Step 7 — Receive EPCG Authorization

    Once approved, you will receive:

    • EPCG License / Authorization
    • Valid for 18 months to import capital goods
    • Contains details of:
      • EODC conditions
      • Export obligation period
      • Duty saved amount
      • Port of registration

    Use the license to claim zero customs duty at import.

    Step 8 — Import Capital Goods Duty-Free

    At the time of import:

    • File Bill of Entry
    • Submit EPCG Authorization
    • Provide Bond/BG if required
    • Maintain installation certificate of machine

    Step 9 — Fulfill Export Obligation

    Over the next 6 years:

    • Achieve 6x of duty saved exports
    • Maintain average exports
    • Keep shipping bills, e-BRC copies, invoices

    Export performance must be linked to the EPCG Authorization.

    Step 10 — File Annual Returns

    Every year, file:

    • EPCG Annual Report through the DGFT portal
    • Export performance statement
    • Installed machinery certificate

    Late filing attracts penalties.

    Step 11 — Obtain EODC (Export Obligation Discharge Certificate)

    After completing EO:

    • File EODC request on DGFT portal
    • Submit supporting documents
    • DGFT verifies shipping bills via ICEGATE
    • EODC is issued online

    This completes your EPCG compliance.

    Documents Required for EODC Filing

    • EPCG Authorization copy
    • Installation certificate from Chartered Engineer
    • Shipping bills
    • e-BRC (Bank Realisation Certificates)
    • CA certificate of export details
    • Duty saved calculation sheet
    • EO summary
    • Self-certified copies of invoices

    Timeline Overview

    StageApprox. Time
    EPCG Application5–15 days
    DGFT Approval15–45 days
    Import of MachineryAs per business needs
    Export Obligation Period6 years
    EODC Processing1–3 months

    Common Mistakes to Avoid

    • Incorrect calculation of export obligation
    • Missing documents at DGFT scrutiny
    • Delay in annual EPCG returns
    • Not maintaining installation certificate
    • Using imported machinery for non-eligible activities
    • Mixing exports across authorizations

    Benefits of EPCG Scheme

    • Zero customs duty on capital goods
    • Lower production costs
    • Improved competitiveness in global markets
    • Support for modernization
    • Beneficial for both manufacturers and service exporters

    Saving Mantra EPCG Support (CTA)

    We help with:

    • EPCG eligibility analysis
    • Preparation of ANF 5A application
    • Uploading documentation to DGFT
    • Responding to DGFT queries
    • Post-import compliance & annual returns
    • EODC filing support

    CTA for WordPress:
    <a href="/contact">Talk to Saving Mantra EPCG Experts</a>

    FAQ

    Q: How much export obligation must I complete?
    A: Six times the duty saved on imported machinery, within 6 years.

    Q: Can I import second-hand machinery under EPCG?
    A: No. Only new capital goods are allowed.

    Q: Can merchant exporters apply?
    A: Yes, if linked with supporting manufacturer.

    Excerpt (for WordPress summary)

    A complete step-by-step guide to the EPCG Scheme for duty-free import of capital goods. Learn eligibility, documentation, DGFT filing process, export obligation rules, and how to get EODC.

    Disclaimer (add to bottom of post or footer)

    Disclaimer: This article is for informational purposes only and does not constitute legal or professional advice. EPCG regulations and DGFT procedures may change over time, and compliance requirements can vary depending on industry, export category, and government notifications. Saving Mantra is not responsible for any errors, omissions or interpretations. Businesses should consult an authorized DGFT consultant, Customs expert, or legal advisor before making decisions under the EPCG Scheme.

  • Step-by-Step Process for Packing for Exports

    Packing for exports is very important because goods travel long distances and pass through many handling stages. Good export packing ensures your products reach the buyer safely, without damage, and meet international standards. Here is a simple step-by-step process for export packing.

    Step 1: Understand the Product and Buyer Requirements

    Before packing, check:

    • The type of product (fragile, heavy, perishable, machinery, liquids)
    • Quantity and weight
    • Any special buyer instructions
    • Country-specific packaging rules

    Knowing this helps you choose the right packing materials.

    Step 2: Choose the Right Packaging Material

    Select safe and strong materials based on the product:

    • Corrugated boxes for light items
    • Wooden crates or pallets for heavy goods
    • Bubble wrap, foam, or thermocol for fragile items
    • Vacuum packing for perishables
    • Waterproof liners for moisture protection

    Good packing material prevents damage from shock, moisture, and pressure.

    Step 3: Pack the Product Safely

    Follow simple packing rules:

    • Wrap products individually
    • Use fillers (foam, paper, bubble wrap)
    • Ensure no empty space inside the box
    • Avoid overloading boxes
    • Seal with strong packing tape

    The goal is to avoid movement during shipping.

    Step 4: Use Export-Compliant Outer Packaging

    Outer packaging protects the goods during transport and loading.
    Use:

    • Strong cartons
    • Wooden pallets (heat-treated as per ISPM-15)
    • Metal or plastic strapping
    • Stretch wrap film for pallets

    This ensures the goods can handle shipping pressure and international handling.

    Step 5: Label the Packages Properly

    Every export carton or pallet needs:

    • Exporter name and address
    • Importer name and address
    • Package number (1/10, 2/10, etc.)
    • Gross weight and net weight
    • Handling instructions (Fragile, Keep Dry, This Side Up, Handle with Care)
    • Country of origin (Made in India)

    Clear labeling reduces handling mistakes.

    Step 6: Prepare Packing List and Documentation

    A proper packing list is required for customs and buyers. It should include:

    • Item description
    • Quantity
    • Weight
    • Dimensions
    • Number of boxes
    • Marks and numbers

    Other export documents may include:

    • Invoice
    • Shipping bill
    • Certificate of origin
    • Fumigation certificate (if required)

    Step 7: Palletizing and Container Loading

    Once packed and labeled:

    • Arrange boxes neatly on pallets
    • Keep heavy boxes at the bottom
    • Secure goods with straps and shrink film
    • Avoid overhanging cartons
    • Load into container safely and uniformly

    Proper loading prevents damage during sea or air travel.

    Step 8: Final Inspection Before Shipment

    Check:

    • Packing quality
    • Label accuracy
    • Weight confirmation
    • Document matching
    • Container cleanliness and dryness

    A final quality check ensures smooth export clearance and happy customers.

    Step 9: Handover to Freight Forwarder

    After packing and inspection:

    • Give goods to your freight forwarder
    • Share the packing list and invoice
    • Maintain tracking and communication

    Your freight agent will handle customs and shipping formalities.

    Why Good Export Packing Is Important

    • Prevents damage and loss
    • Helps pass customs checks smoothly
    • Improves buyer satisfaction
    • Protects goods in long transit
    • Reduces insurance claims

    FAQ

    Q1. Do all export goods need wooden pallets?
    Not always. Only heavy or bulk goods require pallets.

    Q2. What is ISPM-15?
    It is a global standard for heat-treated wooden packaging to prevent pest contamination.

    Q3. Is labeling mandatory for exports?
    Yes. Labels help identify goods, avoid damage, and meet customs requirements.

    ⚠ Disclaimer

    This article provides general information about export packing steps. Requirements may differ based on product type, buyer standards, and destination country laws. Please consult your freight forwarder, customs expert, or export advisor before finalizing your packing process.

  • Step-by-Step Process to Claim RoSCTL Benefits

    Step 1: Export Goods Under RoSCTL

    While filing the Shipping Bill with customs, select:

    • Scheme Code: RoSCTL
    • Notification Code: Relevant to apparel/made-ups

    If not selected, benefits cannot be claimed later.

    ✔ Step 2: Verify Shipping Bill & EDI Details

    Ensure:

    • HS code matches RoSCTL-eligible chapters
    • FOB value matches invoice
    • Port EDI system reflects “RoSCTL LEO (Let Export Order)”

    Discrepancies may delay issuance of duty scrips.

    ✔ Step 3: Login to DGFT Portal

    Visit https://www.dgft.gov.in
    Login → Navigate to Services → RoSCTL → Apply for Scrip.

    ✔ Step 4: Enter Export Shipment Details

    Fill in:

    • Shipping Bill Number & Date
    • E-BRC Number & Date
    • FOB Value
    • Quantity & HS code
    • Port details

    DGFT automatically fetches eligible amounts through ICEGATE.

    ✔ Step 5: Upload Supporting Documents

    Attach:

    • Copy of Shipping Bill
    • Export Invoice
    • Packing List
    • E-BRC
    • RCMC (if required)
    • Declaration Form

    All documents must be uploaded in PDF format.

    ✔ Step 6: Digital Signature & Submission

    Sign the application using the DGFT-registered DSC.
    Submit the application → Pay applicable government fee (if any).

    A File Number is generated for tracking.

    ✔ Step 7: DGFT Processing & Issuance of Duty Scrip

    DGFT verifies shipping bill data with ICEGATE.
    If approved, DGFT issues a RoSCTL Duty Credit Scrip digitally.

    Exporters can:

    • Use the scrip to pay customs duties, or
    • Transfer/sell the scrip in the open market.

    ✔ Step 8: Register Duty Scrip at Customs

    Before using the scrip, register it at the port under ICES system.

    Submit:

    • Scrip Copy
    • KYC documents
    • Authorisation letter

    Once registered, it can be used for import shipments.

    RoSCTL Rates (General Overview)

    Rates vary based on product categories and are defined under the Rate Notification Schedule.
    Primary components include:

    • Rebate of State Levies (RoSL)
    • Rebate of Central Taxes and Levies (RoCTL)

    Exporters should refer to the latest DGFT notifications for updated rate charts.

    Common Mistakes to Avoid

    • Not selecting RoSCTL scheme code in Shipping Bill
    • Incorrect HS code
    • Mismatch between invoice & shipping bill
    • Delayed E-BRC availability
    • Using expired DSC on DGFT portal

    SavingMantra recommends verifying EDI data before filing.

    Frequently Asked Questions (FAQ)

    1. Is RoSCTL applicable to fabrics or raw textiles?

    No — it is only for Apparel (61, 62) and Made-ups (63).

    2. Are RoSCTL scrips transferable?

    Yes, fully transferable.

    3. Is GST refund required before applying for RoSCTL?

    GST refund is separate; RoSCTL covers non-GST taxes.

    4. Do exporters under MEIS or RoDTEP get RoSCTL?

    RoSCTL is separate and currently only for apparel & made-ups.

    5. Is RoSCTL available for SEZ units?

    Yes, SEZ units can claim RoSCTL.

    Conclusion

    The RoSCTL Scheme is a valuable support mechanism for India’s textile and apparel exporters, ensuring that their exports remain competitive by rebating taxes not covered by other schemes. By following the correct steps and maintaining proper documentation, exporters can seamlessly apply for and receive RoSCTL benefits.

    At SavingMantra, we assist exporters with:
    ✔ RoSCTL Application Filing
    ✔ DGFT Compliance
    ✔ Duty Scrip Management
    ✔ RoDTEP, MEIS & DFIA Support
    ✔ Export Documentation & Advisory

    Disclaimer (Add to WordPress Footer or End of Blog)

    This blog is intended for educational and informational purposes only. Export incentive schemes such as RoSCTL are governed by DGFT and Government of India regulations, which may change without prior notice. Readers are advised to consult a professional advisor or refer to official DGFT notifications before taking any action. SavingMantra is not liable for any errors, omissions, or regulatory changes.

  • Step-by-Step Process for Export to Nepal

    Introduction

    Exporting goods from India to Nepal is simpler compared to other international destinations due to the India–Nepal trade treaty, land-border connectivity, and simplified customs processes. However, exporters must still comply with documentation, GST refund rules, customs filings, and transport regulations.

    This Saving Mantra guide provides a step-by-step structured workflow that businesses can follow to ensure smooth, compliant, and timely exports to Nepal.

    Step-by-Step Process to Export Goods to Nepal

    Step 1 — Confirm Product Eligibility & HS Classification

    Before exporting, verify:

    • The product is permitted for export under Indian & Nepali rules
    • The correct HS code has been identified
    • Any restrictions or special certificates required (pharma, food, electronics, textiles, chemicals)

    Why HS Code matters:
    HS code determines duties in Nepal, documentation requirements, and border inspection parameters.

    Step 2 — Register as an Exporter (If Not Already Done)

    You must hold:

    • PAN
    • IEC (Importer Exporter Code)
    • Bank AD Code

    For Nepal exports, IEC is mandatory even when exporting via land ports.

    Step 3 — Prepare Commercial Documents

    Ensure the following are properly drafted:

    1. Commercial Invoice

    Must include:

    • Buyer details (Nepal-based importer)
    • GSTIN (if applicable for refund)
    • HS code
    • Item details, quantity & unit price
    • Currency (INR or USD/NPR depending on contract)
    • Incoterms

    2. Packing List

    Includes:

    • Number of packages
    • Weight
    • Dimensions
    • Marks & numbers

    3. Purchase Order / Sales Contract

    Defines:

    • Delivery terms
    • Payment mode
    • Responsibilities under Incoterms

    Step 4 — Select Incoterms & Payment Method

    Popular Incoterms for Nepal:

    • FOB Indian Border
    • DAP Kathmandu
    • DDU / DDP (if exporter handles duties)

    Preferred Payment Modes:

    • Advance TT
    • LC (Letter of Credit)
    • Bank Transfer via Authorized Dealer (AD) bank
    • Counter-payment for small-value exports

    Step 5 — Logistics Planning (Road / Rail)

    India → Nepal exports are primarily routed via:

    • Raxaul–Birgunj Border
    • Sunauli–Bhairahawa
    • Jogbani–Biratnagar
    • Panitanki–Kakarvitta

    Transport Modes

    • Road transport (most common)
    • Rail container cargo via ICD to Nepal Inland Clearance Depots

    Transport documents required:

    • Lorry Receipt (LR)
    • E-Way Bill (if applicable)
    • Vehicle details for inspection

    Step 6 — Generate E-Way Bill (If Required)

    Within India, E-Way Bill is required when:

    • Goods value exceeds the prescribed limit
    • Movement occurs between states en route to Nepal border

    Note: Export under LUT may apply for GST zero-rated supply.

    Step 7 — File Shipping Bill / Export Declaration

    At the Indian border:

    • File Export Declaration (Shipping Bill) through ICEGATE
    • Submit invoice, packing list & transport documents
    • Get Let Export Order (LEO)

    This is compulsory even for land-border exports.

    Step 8 — Nepal Customs Clearance

    The importer in Nepal must:

    • Submit import declaration
    • Pay applicable customs duty, VAT & charges
    • Provide COO (if required), invoice & packing list

    Goods are inspected and cleared at Nepal’s customs yard.

    Step 9 — Claim Export Benefits & Maintain Records

    Indian exporters may claim:

    • GST Refund / LUT supply benefits
    • RoDTEP (if applicable)

    Maintain:

    • Invoice & packing list
    • Shipping bill
    • Transport proof
    • Bank realization certificate

    Document Checklist (Copy-Paste Ready)

    • Commercial Invoice
    • Packing List
    • Purchase Order / Contract
    • E-Way Bill (when applicable)
    • Transport documents (LR / Rail Receipt)
    • Shipping Bill (Filed on ICEGATE)
    • Certificate of Origin (if demanded by the importer)
    • Insurance certificate (optional but recommended)

    Key Compliance Tips (Saving Mantra Notes)

    • Always verify Nepal’s import duty & VAT based on HS code
    • Use accurate valuation to avoid penalties at Nepal border
    • Maintain LUT / Bond compliance for GST refund
    • Ensure vehicle documents are accurate for border inspection
    • Work with verified Nepali importers to avoid delays

    WordPress SEO Snippet (Yoast / RankMath)

    SEO Title: Step-by-Step Export to Nepal — Full Process Guide | Saving Mantra
    Slug: export-to-nepal
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    Meta Description: Export to Nepal from India: Step-by-step export procedure, HS code, documentation, customs filing, transport, GST refund, and compliance checklist for smooth border clearance.

    Disclaimer

    This article is for general informational purposes only. Export rules, customs requirements, GST refund processes, transport norms, and Nepal import regulations may change without notice. Businesses should verify the latest procedures with Indian Customs, Nepal Customs, logistics providers, and professional advisors before shipment. Saving Mantra is not liable for decisions made based on this guide.

  • Step-by-Step Process for Customer Verification (KYC)

    Customer verification, also called KYC, helps businesses confirm whether a customer is genuine. It protects against fraud and ensures compliance with regulations.
    Here is a simple step-by-step process that any business can follow.

    Step 1: Collect Basic Information

    Ask customers to share basic details like:

    • Full name
    • Date of birth
    • Mobile number
    • Email address

    For businesses, collect:

    • Company name
    • GST number
    • Registration details

    Step 2: Take Government ID Proof

    Collect clear photos or scanned copies of any one ID:

    • Aadhaar
    • PAN
    • Passport
    • Voter ID
    • Driving License

    This helps confirm the person’s identity.

    Step 3: Collect Address Proof

    Ask customers for a valid document showing their address. This can include:

    • Utility bill
    • Bank statement
    • Aadhaar
    • Rental agreement

    Step 4: Verify the Documents

    Check if the documents are:

    • Clear and readable
    • Matching the customer’s details
    • Not expired
    • Genuine (no editing or tampering)

    If something looks wrong, ask for a re-upload.

    Step 5: Optional Photo / Selfie Verification

    To avoid fraud, you may ask the customer to take a selfie.
    This helps confirm that the person submitting documents is the same person in the ID.

    Step 6: Check for Risk Flags

    Do a basic safety check to ensure the customer is not involved in any suspicious activities.
    For simple businesses, this can be a quick online search or internal check.

    Step 7: Approve or Reject the Verification

    After checking everything:

    • Approve if documents and details match
    • Reject if details are incorrect or unclear
    • Ask for more information if required

    Step 8: Keep Records Safely

    Store customer documents securely.
    Follow privacy rules and keep data only for as long as needed.

    Step 9: Re-Verify When Needed

    If a customer’s documents expire or you notice unusual activity, ask for updated verification.

    Why Customer Verification Is Important

    • Prevents fraud
    • Builds customer trust
    • Protects business reputation
    • Complies with basic regulations

    FAQ

    1. Which ID is best for verification?
    Aadhaar, PAN, Passport or Voter ID — all are acceptable.

    2. Do I need to collect a selfie?
    Only if your business requires higher security.

    3. How long should I keep documents?
    Keep them only as long as necessary for business or legal needs.

    ⚠ Disclaimer

    This blog is for general information only. Customer verification rules may differ for each industry. Always check your local regulations or consult a compliance expert before finalizing your KYC process.

  • Step-by-Step Process for DFIA Scheme Application

    Step 1: Complete the Export Obligations

    DFIA under the post-export route requires export to be completed first.
    Collect:

    • Shipping Bill
    • E-BRC
    • Export Invoice
    • Bill of Lading / Airway Bill

    These documents must match the SION norms for input requirements.

    ✔ Step 2: Prepare DFIA Application on DGFT Portal

    Visit: https://www.dgft.gov.in
    Login → Select Services → DFIA.

    Choose Post Export DFIA Application.

    ✔ Step 3: Enter Export Details

    Fill in details:

    • Export product & HS code
    • Quantity & value
    • Port of export
    • Input items as per SION
    • Date of export
    • Shipping Bill & E-BRC details

    Ensure accuracy, as discrepancies may lead to rejection.

    ✔ Step 4: Upload Required Documents

    Attach:

    • Shipping Bill
    • E-BRC
    • Invoice copies
    • SION norms reference
    • Chartered Engineer Certificate (if applicable)

    Upload in PDF format only.

    ✔ Step 5: Digital Signature & Submission

    Sign using DGFT-registered DSC of the Authorised Signatory.
    Submit application online → Pay DFIA government fee.

    Upon submission, DGFT generates a File Number for tracking.

    ✔ Step 6: Track Status of DFIA Application

    Use DGFT dashboard → Track Status → Enter File Number.

    Processing time is generally 2–4 weeks, depending on DGFT jurisdiction.

    ✔ Step 7: Receive DFIA Authorisation

    Once approved, DGFT issues the Duty-Free Import Authorisation.

    Authorisation includes:

    • Description of Inputs allowed
    • Quantity permitted
    • CIF value
    • Port of Registration

    ✔ Step 8: File Bill of Entry & Import Duty-Free Inputs

    After receiving DFIA, the exporter can import raw materials without paying customs duty.

    Provide DFIA details at port customs → Clear goods duty-free.

    ✔ Step 9: Fulfill Post-Import Compliance

    Maintain:

    • Consumption records
    • Stock registers
    • Import invoices

    These may be required for DGFT inspection.

    Advantages of DFIA Scheme

    • Helps reduce overall production cost
    • Boosts export competitiveness
    • Transferable after fulfilling export obligations
    • Simple process compared to Advance Authorisation
    • Applicable for a wide range of industries

    Common Mistakes to Avoid

    • Incorrect input/output mapping with SION
    • Errors in Shipping Bill or E-BRC details
    • Not matching export invoice with DGFT details
    • Using expired DSC

    SavingMantra recommends double-checking all documents before submission.

    Frequently Asked Questions (FAQ)

    1. Is DFIA transferable?

    Yes — after completing the export obligation, DFIA becomes transferable.

    2. Is export required before DFIA application?

    For Post-Export DFIA, yes.

    3. Who is eligible for DFIA?

    Manufacturer or merchant exporters linked with manufacturers.

    4. Does DFIA allow fuel import?

    Yes, if fuel is listed in SION for that product.

    5. Can DFIA be used for service exports?

    No, the scheme is only for goods exporters.

    Conclusion

    The DFIA Scheme is a powerful export incentive that enables Indian exporters to reduce costs and increase competitiveness. By following the correct documentation and step-by-step process, businesses can easily obtain DFIA and benefit from duty-free import of inputs.

    Disclaimer (Add This to WordPress Footer or End of Blog)

    This blog is for informational purposes only. DFIA rules, notifications, and DGFT guidelines may change from time to time. Readers should consult a qualified professional or refer to the latest Foreign Trade Policy and DGFT notifications before acting on any information provided here. SavingMantra is not responsible for any errors, omissions, or regulatory changes.