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  • What is a Gift Deed, Benefits and Process in India

    A Gift Deed is a legal document used when someone transfers ownership of property, money, jewellery, or other assets to another person without any payment.
    In India, a Gift Deed ensures that the transfer is lawful, transparent, and protected under the law.

    Here is a simple explanation of what a Gift Deed is, why it is beneficial, and how to register it.

    What is a Gift Deed?

    A Gift Deed is a written legal document that records the voluntary transfer of an asset from one person (Donor) to another (Donee) without any monetary consideration.
    It must be accepted by the person receiving the gift during the donor’s lifetime.

    A gift may include:

    • Land or house property
    • Money
    • Jewellery
    • Shares
    • Movable assets

    Benefits of a Gift Deed

    1. Immediate and Secure Transfer

    Ownership transfers instantly once the Gift Deed is executed and registered.

    2. Legal Protection

    The Gift Deed acts as proof that the transfer was voluntary, preventing future disputes.

    3. Tax Benefits for Close Relatives

    Gifts received from close relatives (parents, siblings, spouse, children, etc.) are usually tax-exempt under Indian Income Tax rules.

    4. Avoids Court Probate

    Unlike a Will, a Gift Deed takes effect immediately, avoiding probate or court procedures later.

    5. Useful for Family Settlements

    Helps transfer property within families smoothly and legally.

    Step-by-Step Process for Making a Gift Deed in India

    Step 1: Draft the Gift Deed

    The deed must clearly mention:

    • Donor and donee details
    • Relationship
    • Description of the property
    • Confirmation that the gift is voluntary
    • No money involved

    Step 2: Attach Required Documents

    Common documents include:

    • Donor’s ID and address proof
    • Donee’s ID and address proof
    • Property documents
    • Encumbrance certificate (if required)
    • Latest tax receipts

    Step 3: Pay Stamp Duty and Registration Fee

    Stamp duty varies by state. For close relatives, many states offer lower stamp duty on gift deeds.
    Payment is made at the sub-registrar office or online (if available in your state).

    Step 4: Register the Gift Deed at Sub-Registrar Office

    Both the donor and donee must visit the Sub-Registrar Office with two witnesses.
    You must:

    • Sign the Gift Deed
    • Provide biometric verification
    • Get the registered copy from the registrar

    Registration makes the gift legally valid.

    Step 5: Mutation of Property (If It’s Real Estate)

    After registration, apply for mutation in local municipal records.
    This updates the property ownership under the donee’s name for tax purposes.

    Important Points to Remember

    • Gift must be accepted by the donee
    • Donor must have clear ownership
    • Gift Deed must be registered to be legally valid
    • No money should be exchanged
    • Gifts to non-relatives may attract tax

    FAQ

    Q1. Is a Gift Deed valid without registration?
    For property, registration is mandatory. Without registration, it is not legally valid.

    Q2. Can a Gift Deed be cancelled?
    A registered Gift Deed can only be cancelled with mutual consent or by a court order.

    Q3. Do I need a lawyer to draft a Gift Deed?
    While not mandatory, it is recommended to ensure accuracy and legal safety.

    ⚠ Disclaimer

    This article provides general information about Gift Deeds in India. Actual stamp duty, documentation, and legal requirements may vary by state and individual situation. Always consult a legal professional or registrar office before drafting or registering a Gift Deed.

  • Step-by-Step Process for Cereals and Food Grains Export

    Introduction

    India is one of the world’s largest exporters of cereals and food grains such as rice, wheat, maize, millet, sorghum, pulses, and barley. Global buyers prefer Indian grains because of quality, variety, and competitive pricing.

    Exporting food grains involves strict quality checks, proper certification, and compliance with international food safety standards. This Saving Mantra guide explains the export process in a clear and easy way, helping exporters avoid delays and ensure smooth shipments.

    Step-by-Step Process for Cereals and Food Grains Export

    Step 1 — Identify the Grain and Confirm Market Requirements

    Choose the cereal or grain you want to export such as:

    • Rice
    • Wheat
    • Maize
    • Millet
    • Sorghum
    • Barley
    • Pulses

    Check the import rules of the buyer’s country, such as:

    • Quality standards
    • Maximum pesticide limits
    • Whether fumigation is required
    • Packaging and labelling rules

    Step 2 — Obtain Required Registrations

    Before exporting, you must have:

    • IEC (Importer Exporter Code)
    • GST Registration
    • FSSAI Licence (for food trade)
    • APEDA Registration (mandatory for many agriculture exports)

    These registrations allow you to ship food grains legally.

    Step 3 — Choose a Verified Buyer and Finalize the Export Contract

    When finalizing the deal, confirm:

    • Quality grade (A, B, premium, broken percentage, moisture level)
    • Quantity
    • Price
    • Packaging type (PP bags, jute bags, bulk packing)
    • Payment terms (LC, advance, TT)
    • Incoterms (FOB, CIF, CFR)
    • Delivery schedule

    Clear terms prevent misunderstandings later.

    Step 4 — Quality Testing and Inspection

    Cereals and food grains require strict testing.
    Depending on the buyer country, you may need:

    • Quality analysis
    • Moisture test
    • Foreign matter check
    • Phytosanitary certificate
    • Fumigation certificate

    APEDA-approved labs and agencies can conduct these tests.

    Step 5 — Packaging and Labelling

    Food grains must be packed properly to avoid spoilage.
    Use:

    • Food-grade bags
    • Proper weight marking (25kg, 50kg, etc.)
    • Batch number, variety name, and supplier details
    • Country of origin label

    Good packaging protects the grains during long shipping periods.

    Step 6 — Arrange Logistics and Transportation

    Exporters can ship cereals by:

    • Sea freight (most common for bulk grains)
    • Container shipping (for premium or packaged grains)

    Book a freight forwarder for:

    • Container booking
    • Warehousing
    • Transport to port
    • Export documentation assistance

    Step 7 — Prepare Export Documentation

    Documents required for cereals and grains export include:

    • Commercial Invoice
    • Packing List
    • Export Contract
    • Certificate of Origin
    • Phytosanitary Certificate
    • Fumigation Certificate
    • Bill of Lading
    • Insurance Certificate
    • APEDA Registration Certificate

    These documents ensure the shipment meets international standards.

    Step 8 — Customs Clearance in India

    Your customs broker will:

    • File the Shipping Bill
    • Submit all certificates
    • Facilitate customs inspection

    Once approved, customs issues the “Let Export Order (LEO),” allowing the shipment to leave the port.

    Step 9 — Delivery and Payment Completion

    Once the cereal or grain shipment reaches the buyer:

    • The buyer completes customs clearance in their country
    • Payment is completed as per LC or contract
    • Exporter receives settlement through their bank

    Good communication with the buyer ensures smooth delivery.

    Step 10 — Maintain Records and Compliance

    Keep all export certificates and documents for audits.
    Maintain:

    • Shipping documents
    • Payment receipts
    • Quality reports
    • Export invoices

    This also supports future business and compliance checks.

    Document Checklist (Simple Summary)

    Key Certificates

    • APEDA Registration
    • Phytosanitary Certificate
    • Fumigation Certificate
    • Certificate of Origin

    Export Documents

    • Invoice
    • Packing List
    • Bill of Lading
    • Export Contract
    • Insurance Certificate

    Saving Mantra Tips for Smooth Export

    • Ensure grains are properly cleaned and graded.
    • Follow buyer country pesticide and chemical limits.
    • Use APEDA-approved labs for quality testing.
    • Avoid moisture as it reduces grain quality during shipping.
    • Always confirm payment terms before shipping.

    Disclaimer

    This guide is for general informational purposes only. Export regulations, quality standards, certificates, and international requirements may change at any time. Exporters should verify the latest rules with APEDA, FSSAI, Indian Customs, and professional advisors before exporting. Saving Mantra is not responsible for decisions made using this information.

  • Life Insurance Term Plan Guide for Indians

    Life insurance is one of the most important financial protections for any Indian family. A Term Insurance Plan provides a high life cover at an affordable premium and ensures your dependents remain financially secure if something unexpected happens.

    This comprehensive guide by Saving Mantra explains:

    • What is life insurance?
    • What is a term plan and how it works?
    • List of major life insurance companies in India
    • Tax benefits under the Income Tax Act
    • How premiums are calculated
    • Common misconceptions
    • Who should buy a term plan?

    Designed to help you choose the right cover and stay financially protected.

    1. What Is Life Insurance?

    Life insurance is a financial contract between you and an insurance company. You pay premiums, and in return, the insurer provides a financial payout to your family in case of your death.

    Key Features:

    • Protects your family’s financial future
    • Helps manage liabilities (loans, EMIs)
    • Provides peace of mind
    • Supports long-term financial planning

    Life insurance is not an investment—it is protection first.

    2. What Is a Term Insurance Plan?

    A Term Plan is the simplest and most affordable type of life insurance.

    How It Works:

    • You pay a small premium annually or monthly
    • The insurer gives a large life cover (sum assured)
    • If the policyholder dies during the term, the nominee receives the payout
    • If the policyholder survives the term → no maturity benefit (pure protection)

    Why Term Plans Are Recommended:

    • Highest coverage at lowest cost
    • Essential for families with dependents
    • Helps replace income if something goes wrong
    • Ideal for salaried employees, business owners, parents, and young professionals

    3. Major Life Insurance Companies in India (IRDAI Approved)

    As of 2025, India has 24 life insurance companies.
    Some of the biggest and most trusted ones offering term insurance include:

    1. LIC (Life Insurance Corporation of India)
    2. HDFC Life
    3. ICICI Prudential Life Insurance
    4. SBI Life
    5. Max Life Insurance
    6. Kotak Life
    7. Bajaj Allianz Life
    8. Tata AIA Life Insurance
    9. PNB MetLife
    10. Aditya Birla Sun Life Insurance
    11. Reliance Nippon Life Insurance
    12. IndiaFirst Life
    13. Canara HSBC Life
    14. Edelweiss Tokio Life
    15. Aviva Life Insurance
    16. Sahara Life (Under IRDAI monitoring)

    These companies offer term plans with variants like:

    • Level term insurance
    • Increasing cover term plans
    • Return of premium term plans
    • Term plans with riders (critical illness, accidental cover, disability cover)

    4. Why Do Indians Need Term Insurance?

    4.1 Financial protection for family

    Ensures stable income for dependents.

    4.2 Covers loans & liabilities

    Protects your family from home loans, business loans, personal loans, etc.

    4.3 Income replacement

    Acts as a financial safety net.

    4.4 Extremely affordable

    Premiums start as low as ₹400–₹600 per month for ₹1 crore cover (age 25–30).

    4.5 Rising uncertainty

    Health risks, accidents, and lifestyle diseases make term insurance essential.

    5. Tax Benefits for Term Insurance in India

    5.1 Section 80C – Premium Deduction

    Premiums paid for a term insurance plan are eligible for deduction up to ₹1,50,000 per year.

    5.2 Section 10(10D) – Tax-Free Payout

    The death benefit received by the nominee is completely tax-free, subject to policy conditions.

    5.3 Section 80D (If health rider added)

    Premiums for riders like:

    • Critical Illness
    • Hospital Cash
    • Surgical Care

    may also provide tax benefits under Section 80D.

    6. How Term Insurance Premiums Are Calculated

    Insurance companies consider:

    • Age
    • Gender
    • Income
    • Lifestyle & habits (smoking/drinking)
    • Medical history
    • Job profile
    • Policy tenure
    • Sum assured
    • Riders added

    Buying early drastically reduces your premium.

    7. Key Features to Look for in a Good Term Plan

    • Claim settlement ratio above 95%
    • Option for monthly income payout
    • Zero-cost term insurance options
    • Large life cover (50 lakhs to 2 crores minimum for young earners)
    • Add-on riders (critical illness, accidental death, disability)
    • Premium waiver benefits
    • Option to increase cover with age or milestones

    8. Common Misconceptions About Term Insurance

    “I don’t need it; I’m young.”

    Younger = cheaper premiums. Best time to buy is in your 20s.

    “It has no returns.”

    Term plan is not an investment—it’s financial protection.

    “LIC is the only good insurer.”

    India has 24 IRDAI-approved life insurers with strong claim ratios.

    “My employer policy is enough.”

    Employer policies end when you switch jobs.

    9. Who Should Buy a Term Plan?

    • Salaried professionals
    • Business owners
    • Parents with children
    • Loan holders (home, car, business loans)
    • Newly married individuals
    • NRIs investing in Indian term plans
    • Anyone with dependents

    If your family relies on your income, you need term insurance.

    10. How Saving Mantra Helps You Choose the Right Term Plan

    We offer:

    • Term Insurance comparison across all major companies
    • Assistance with choosing the right sum assured
    • Premium calculation support
    • Understanding riders and add-ons
    • Tax planning guidance
    • Policy servicing and claim support

    Saving Mantra ensures you select the most affordable, high-value, and tax-efficient policy based on your financial goals.

    Disclaimer

    This article is for educational and informational purposes only. Insurance needs vary based on age, income, lifestyle, health, and financial goals. This content should not be treated as professional financial or legal advice. Please consult an insurance expert before making decisions. Saving Mantra is not responsible for actions taken based on this article.

  • Step-by-Step Process for TMA Scheme for Exporters (Transport and Marketing Assistance Scheme)

    Step 1 — Check Eligibility for TMA Scheme

    Eligible Exporters

    • Manufacturer exporters
    • Merchant exporters
    • Exporters of agriculture, horticulture, and plantation products

    Eligible Products

    • Listed under Appendix 2T of Foreign Trade Policy
    • Includes fresh fruits, vegetables, dairy, meat products, cereals, spices, organic products, etc.

    Eligible Transport Modes

    • Sea and Air shipments
    • Freight subsidy varies by destination region and product category

    Not Eligible

    • SEZ units
    • EOUs
    • Exports under MEIS/SEIS where double benefit is claimed
    • Re-exports
    • Products not listed in the eligible schedule

    Step 2 — Understand Benefit Structure

    TMA provides assistance in the form of freight reimbursement based on:

    • Destination country group (A, B, C)
    • Mode of transport
    • Type of export product (perishable/non-perishable)

    Assistance is paid in INR after DGFT verifies claim documents.

    Step 3 — Keep Required Documents Ready

    • IEC
    • GST certificate
    • RCMC
    • Export invoice
    • Packing list
    • Shipping bill(s)
    • Bill of lading / Airway bill
    • Freight invoice from shipping line / airline
    • E-BRC (proof of realization)
    • Chartered Accountant (CA) certificate
    • Digital Signature Certificate (DSC)

    Additional documents may be required for organic/agri certification.

    Step 4 — Register on DGFT Portal

    1. Visit https://dgft.gov.in
    2. Create user login
    3. Link IEC
    4. Add DSC
    5. Update exporter profile
    6. Ensure bank account details are correct for receiving TMA assistance

    Step 5 — File Online TMA Application

    1. Go to Services → Claims → TMA
    2. Select relevant financial year
    3. Enter shipment details:
      • Shipping Bill No.
      • HS Code
      • Destination country
      • Freight details
    4. Upload required documents
    5. Submit the application
    6. Save the TMA reference number for tracking

    Step 6 — DGFT Scrutiny & Queries

    DGFT will check:

    • Whether product is eligible
    • Freight invoices and BL/AWB
    • Shipping bill details
    • Export realization through e-BRC
    • CA certificate validation
    • Wrong claim values

    If needed, DGFT issues a Deficiency Letter.

    Respond to it through DGFT portal:
    TMA → View Deficiency → Upload Reply + Supporting Documents

    Step 7 — Claim Approval & Financial Assistance

    Once the claim is verified:

    • DGFT approves the TMA claim
    • Reimbursement amount is sanctioned
    • Payment is routed to exporter’s registered bank account via PFMS

    You can track payment status online through the DGFT dashboard.

    Documents Required (Summary)

    CategoryDocuments
    Basic DocsIEC, GST, RCMC, DSC
    Shipment DocsShipping Bill, Invoice, Packing List, BL/AWB
    Freight ProofFreight invoice & charges proof
    Financial Docse-BRC, CA certificate
    OthersProduct-specific certifications (e.g., organic, APEDA)

    Timeline Overview

    StageTime Required
    Application filing1–2 days
    DGFT processing30–90 days
    Claim payment15–45 days after approval

    Common Mistakes to Avoid

    • Claiming for ineligible products
    • Incorrect shipping bill details
    • Missing freight invoices
    • e-BRC value mismatch
    • Not responding to deficiency notices in time
    • Double claiming benefits with other schemes
    • Using unsupported freight components (local transport, warehousing, etc.)

    Benefits of TMA Scheme

    • Reduces cost burden on exporters
    • Encourages agricultural exports
    • Makes Indian products more competitive in global markets
    • Support for new and small exporters

    Saving Mantra — TMA Claim Support (CTA)

    We assist exporters with:

    • Eligibility evaluation
    • Document preparation
    • DGFT TMA filing
    • Responding to deficiency letters
    • Monitoring claim status
    • Ensuring faster reimbursement

    CTA for WordPress:
    <a href="/contact">Need Help Filing TMA Scheme Claims? Contact Saving Mantra</a>

    FAQ

    Q: Is TMA available for all agricultural products?
    A: Only for products listed under Appendix 2T.

    Q: Can merchant exporters apply?
    A: Yes, merchant exporters are eligible.

    Q: Is e-BRC mandatory?
    A: Yes, DGFT requires proof of foreign exchange realization.

    Q: Can I revise my TMA claim later?
    A: Yes, through DGFT portal before final approval.

    Excerpt (Short WordPress Summary)

    A detailed step-by-step guide explaining eligibility, documentation, DGFT online filing, deficiency reply, and claim settlement under the Transport and Marketing Assistance (TMA) Scheme for exporters.

    Disclaimer (Add at end of post)

    Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or professional advice. TMA scheme rules, eligible products, and DGFT procedures may change through official notifications. Exporters should verify the latest guidelines or consult a qualified professional before filing TMA claims. Saving Mantra does not take responsibility for any errors, omissions, or actions based on this content.

  • Step-by-Step Process for Exporting Flours from India

    Step 1: Register Your Business

    Register as a manufacturer or merchant exporter.
    Obtain:

    • IEC
    • GST
    • FSSAI
    • APEDA

    These are foundational requirements.

    ✔ Step 2: Source or Manufacture Quality Flour

    Ensure your product meets:

    • Hygienic processing standards
    • FSSAI norms
    • Moisture and microbial limits
    • Packaging and shelf-life requirements

    Maintain batch numbers and traceability.

    ✔ Step 3: Product Testing in Accredited Labs

    Test for:

    • Moisture content
    • Ash value
    • Microbial load
    • Impurities
    • Gluten level (for wheat flour)

    Certificates may be required by importers.

    ✔ Step 4: Understand Target Country Regulations

    Different markets have different rules:

    • USA: FDA labeling & facility registration
    • EU: Strict pesticide residue & allergen labelling
    • Middle East: Halal certification + country-specific labeling
    • Africa: Phytosanitary & fumigation mandatory

    Research requirements before shipping.

    ✔ Step 5: Product Packaging & Labelling

    Packaging must be:

    • Food-grade
    • Moisture-proof
    • Export-compliant

    Labels should include:

    • Product name
    • Ingredients list
    • Net weight
    • Manufacturer details
    • Batch number
    • Nutritional facts
    • FSSAI number
    • Best-before date

    Some countries require multi-language labeling.

    ✔ Step 6: Register with APEDA & Upload Product Details

    Under APEDA, exporters must:

    • Register online
    • Add product category (cereal/flour)
    • Follow APEDA packaging and quality standards

    ✔ Step 7: Find Buyers & Negotiate Export Orders

    Use:

    • B2B platforms
    • Food exhibitions
    • Trade fairs (e.g., Gulfood, Anuga)
    • APEDA buyer-seller meets

    Create product catalogs and samples.

    ✔ Step 8: Prepare Export Documentation

    Prepare:

    • Invoice
    • Packing list
    • Certificate of origin
    • Phytosanitary certificate
    • Fumigation certificate
    • B/L or AWB

    Documentation accuracy ensures smooth customs clearance.

    ✔ Step 9: Comply With Customs & Plant Quarantine Rules

    Customs will verify:

    • Shipping bill
    • Export documents
    • Quality certificates
    • Phytosanitary approval

    Plant Quarantine Department inspects the consignment for pests and quality issues.

    ✔ Step 10: Ship Goods & Track Delivery

    Choose the suitable method:

    • Sea shipment (bulk orders)
    • Air shipment (urgent or premium orders)

    Share tracking details with your buyer.

    ✔ Step 11: Claim Export Incentives

    Eligible schemes include:

    • RoDTEP (Rebate of Duties and Taxes on Exported Products)
    • Transport/Marketing Assistance (TMA)
    • MEIS (for old shipments, if applicable)

    Register under DGFT to claim incentives.

    Common Mistakes to Avoid

    • Poor quality packaging
    • Wrong HS code selection
    • Missing phytosanitary documents
    • Incorrect labeling
    • Ignoring country-specific pesticide limits

    SavingMantra recommends pre-shipment testing and document verification.

    Frequently Asked Questions (FAQ)

    1. Is APEDA mandatory for flour export?

    Yes, as flours fall under processed agricultural products.

    2. Is FSSAI required for flour export?

    Yes, for all food manufacturing and handling units.

    3. Do I need FDA registration for exporting flour to the USA?

    Yes, FDA facility registration is mandatory.

    4. What is the HS Code for wheat flour?

    HS Code: 1101 (for most wheat flour types)

    5. How long does the export process take?

    Typically 7–20 days, depending on documentation and shipping mode.

    Conclusion

    The export of flours from India is a highly profitable business with growing demand across global markets. By following the correct licensing, documentation, packaging standards, and export procedures, exporters can build long-term international clients with ease.

    At SavingMantra, we assist exporters with:
    ✔ Flour Export Compliance
    ✔ APEDA Registration
    ✔ FSSAI & FDA Licensing
    ✔ DGFT Documentation
    ✔ Export Incentive Claims
    ✔ Labeling & Certification Support

    WordPress Disclaimer (Add at Bottom of Blog)

    Disclaimer: This blog is intended for informational purposes only. Export regulations, packaging rules, and government policies may change over time. Readers should verify information with APEDA, DGFT, FSSAI, or relevant authorities before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes affecting this information.

  • Step-by-Step Process for Star Export House Certificate / Status Holder Certificate

    Step 1 — Check Eligibility Based on Export Performance

    Exporters must meet the minimum FOB export performance over preceding 3 years (or 2 years for MSMEs), as per DGFT norms.

    Current Thresholds (as per FTP):

    Status CategoryExport Performance Required (in USD)
    One Star Export House3 million
    Two Star Export House25 million
    Three Star Export House100 million
    Four Star Export House500 million
    Five Star Export House2000 million

    Performance includes:

    • Physical exports
    • Deemed exports
    • Services exports
    • Exports under SEZ/EoU/STPI schemes

    However, certain categories may have different valuation methods.

    Step 2 — Prepare Required Documentation

    You will need:

    General Documents

    • IEC
    • PAN
    • GST registration
    • Exporter profile on DGFT
    • Digital Signature Certificate (DSC)
    • RCMC (Registration-Cum-Membership Certificate)

    Export Performance Documents

    • Year-wise export statements (FOB/FOR value)
    • CA-certified export performance certificate
    • Bank realization certificates (e-BRC)
    • Shipping bills and invoices (if requested)
    • Service export statements (if applicable)

    Step 3 — Register & Update Profile on DGFT Portal

    1. Visit https://dgft.gov.in
    2. Create login / sign in
    3. Link IEC
    4. Add DSC
    5. Update exporter details, including:
      • Factory address
      • Bank information
      • RCMC details

    This is mandatory for filing ANF 3C for Status Holder Certificate.

    Step 4 — File Online Application (ANF 3C)

    1. Go to: Services → Certificate → Status Holder Certificate
    2. Fill ANF 3C with:
      • IEC details
      • Export performance for last 3 years
      • Category of status being applied for
      • Details of services/physical/deemed exports
    3. Upload supporting documents
    4. Pay government application fee
    5. Submit application

    A file number is generated for tracking.

    Step 5 — DGFT Review & Clarifications

    DGFT may ask for:

    • Discrepancies in export figures
    • CA certificate corrections
    • Additional export documents
    • Clarification on service export values
    • ICEGATE/EDI validation mismatches

    Respond via the portal:
    DGFT → View Deficiency → Upload Reply + Documents

    Step 6 — Approval & Issuance of Status Holder Certificate

    Upon successful verification, DGFT issues the Star Export House Certificate, which includes:

    • Status category (1-star to 5-star)
    • Validity period
    • Exporter details

    Certificate is downloadable from DGFT portal under “Issued Certificates”.

    Step 7 — Utilize Benefits of Status Holder Certificate

    Holders receive several benefits under FTP, including:

    Major Benefits

    • Faster Customs clearances under priority processing
    • Self-certification of origin for certain schemes
    • Exemption from furnishing bank guarantees under various DGFT schemes
    • Faster recognition in international markets
    • Lower compliance burden in certain export schemes
    • Access to preferential industry programs

    For Service Providers

    • Enhanced global credibility
    • Priority for some government export promotions

    Step 8 — Maintain Status & Renewal Requirements

    • Track export performance annually
    • Renew certificate when FTP requires
    • Maintain complete export documentation for audits
    • Ensure no major non-compliance under Customs/DGFT

    Failure to maintain export performance may result in:

    • Suspension
    • Reduction in status category
    • Withdrawal of benefits

    Documents Required (Summary Table)

    CategoryDocuments
    Basic RegistrationIEC, PAN, GST, RCMC, DSC
    Export PerformanceCA certificate, export value statements, e-BRC
    Supporting DocsShipping bills, invoices, service export reports

    Timeline Overview

    StageTime Required
    Application preparation1–3 days
    DGFT processing7–30 days
    Certificate downloadAfter approval

    Common Mistakes to Avoid

    • Incorrect export value calculations
    • Missing e-BRCs for foreign receipts
    • Wrong mapping of services and HS codes
    • Not linking IEC with DGFT system
    • Not responding to deficiency letters on time
    • Using unverified export data

    Benefits of Star Export House Status

    • Enhanced trust among international buyers
    • Priority processing in government & DGFT schemes
    • Exemption from certain document requirements
    • Opportunity to self-certify origin for FTAs
    • Higher reputation in tenders and bidding

    Saving Mantra — Status Holder Certificate Assistance (CTA)

    We assist exporters with:

    • Eligibility evaluation
    • Export performance verification
    • Filing ANF 3C application
    • CA certification support
    • DGFT deficiency reply & follow-up
    • Certificate renewal and compliance tracking

    CTA for WordPress:
    <a href="/contact">Get Expert Support for Star Export House Certification</a>

    FAQ

    Q: How long is the Status Holder Certificate valid?
    A: Validity depends on the Foreign Trade Policy but generally aligns with FTP cycles.

    Q: Can service exporters apply?
    A: Yes, service exports are fully eligible and considered for status calculations.

    Q: Can merchant exporters apply?
    A: Yes, provided they meet the export performance requirements.

    Q: Can the certificate be upgraded later?
    A: Yes, if export performance increases, exporters may apply for a higher star category.

    Excerpt (for WordPress Summary)

    A complete step-by-step guide to applying for the Star Export House / Status Holder Certificate, including eligibility, documentation, DGFT filing, benefits, renewal rules, and compliance tips.

    Disclaimer (Add at end of post)

    Disclaimer: This article is intended for general informational purposes only and does not constitute legal, financial, or professional advice. DGFT rules, FTP benefits, and Status Holder criteria may change through government notifications. Exporters should verify the latest guidelines or consult a qualified DGFT professional before filing applications. Saving Mantra is not responsible for any errors, omissions, or actions taken based on this content.

  • Step-by-Step Process to Register With the U.S. FDA

    Step 1: Determine FDA Product Category

    Identify whether your product falls under:

    • Food facility registration (FURLS/FSMA)
    • Drug Establishment Registration
    • Medical Device Establishment Registration (via FURLS/CDRH)
    • Cosmetic voluntary registration (VCRP)

    Different categories use different FDA portals.

    ✔ Step 2: Appoint a U.S. FDA Agent (Mandatory for Foreign Companies)

    Foreign companies must appoint a U.S. Agent, who will:

    • Communicate with FDA on your behalf
    • Receive FDA notifications
    • Assist in inspections or compliance issues

    Without a U.S. Agent, FDA registration cannot be completed.

    ✔ Step 3: Obtain a DUNS Number (For Food Facility Registration)

    The DUNS Number is required for:

    • Food manufacturers
    • Seafood processors
    • Dietary supplement facilities

    Apply through Dun & Bradstreet.

    ✔ Step 4: Create FDA Account on FURLS

    Visit: https://www.access.fda.gov
    Create an account on the FDA Unified Registration and Listing System (FURLS).

    Provide:

    • Business details
    • Email verification
    • Facility information

    ✔ Step 5: Submit Facility Registration Application

    Choose the appropriate module:

    • Food Facility Registration (FFR)
    • Drug Establishment Registration (DRLS)
    • Medical Device Registration (CDRH)

    Fill in:

    • Facility details
    • Owner/operator information
    • U.S. Agent details
    • Product category
    • Manufacturing processes

    ✔ Step 6: Pay FDA Registration Fees (For Drugs & Devices Only)

    FDA food facility registration is free.
    However, drug and medical device establishments must pay annual fees.

    ✔ Step 7: Receive FDA Registration Number

    Once approved, FDA issues:

    • FDA Facility Registration Number
    • FEI Number (for some categories)
    • Device listing or drug listing confirmation (if applicable)

    This number may be required by importers and U.S. customs brokers.

    ✔ Step 8: Comply With FDA Labeling & Packaging Standards

    Ensure labels follow:

    • Ingredient declaration
    • Nutritional facts (for food)
    • Warning statements
    • Allergen labeling
    • Drug Facts / Device Instructions

    Incorrect labeling can result in shipment refusal.

    ✔ Step 9: Respond to Inspections or FDA Queries

    FDA may request:

    • Additional documents
    • Product sample testing
    • Facility inspection (physical or remote)

    Always maintain compliance records.

    ✔ Step 10: Renew Registration Annually

    FDA registrations require renewal:

    Food Facility Registration

    • Every 2 years (even-numbered years)

    Drug & Medical Device Registration

    • Annually
    • Requires annual fee payment

    Failing to renew leads to registration cancellation.

    Common Mistakes to Avoid

    • Using incorrect product classification
    • Not appointing a reliable U.S. Agent
    • Missing renewal deadlines
    • Incomplete labeling compliance
    • Failing to maintain test reports & certificates

    SavingMantra recommends reviewing FDA guidelines before exporting.

    Frequently Asked Questions (FAQ)

    1. Does FDA provide a certificate after registration?

    No. FDA provides a registration number, not a certificate of approval.

    2. Is FDA registration mandatory for food exporters?

    Yes — food facility registration is compulsory.

    3. How long does FDA registration take?

    Typically 3–10 working days if documents are accurate.

    4. Can FDA reject an application?

    Yes, if documents or processes do not meet regulatory standards.

    5. Is labeling approval required?

    FDA does not pre-approve labels, but they must comply with regulations.

    Conclusion

    Registering with the U.S. FDA is essential for exporters who wish to sell food, drugs, medical devices, cosmetics, or supplements in the U.S. market. With proper documentation, a U.S. Agent, and accurate product classification, the process can be smooth and efficient. FDA compliance not only ensures legal entry into the U.S. market but also strengthens global credibility.

    At SavingMantra, we help businesses with:
    ✔ FDA Registration (Food, Drug, Device, Cosmetic)
    ✔ U.S. Agent Appointment
    ✔ Labeling Compliance Review
    ✔ Product Classification Support
    ✔ Annual FDA Renewal Management

    WordPress Disclaimer (Add at Bottom of Blog)

    Disclaimer: This blog is for informational purposes only. U.S. FDA regulations, requirements, and processes may change over time. Readers should consult official FDA guidelines or a qualified compliance professional before acting on any information provided. SavingMantra is not responsible for any errors, omissions, or regulatory updates affecting the details provided in this article.

  • Step-by-Step Process for Advance Authorisation Scheme (Advance License Scheme)

    Step 1 — Check Eligibility

    You are eligible if you:

    • Manufacture export goods
    • Provide services that require inputs (limited categories)
    • Are a merchant exporter tied with a supporting manufacturer

    The scheme applies to:

    • Physical exports
    • Deemed exports
    • Intermediate supplies

    Products covered under SION (Standard Input Output Norms) or self-declared norms are eligible.

    Step 2 — Understand Export Obligation (EO)

    Under Advance Authorisation, you must:

    • Export six times (6x) of duty saved value or as per SION norms
    • Complete exports within 18 months from issuance (extendable)
    • Maintain value addition as prescribed

    Step 3 — Gather Required Documents

    General documents:

    • IEC
    • GST Registration
    • PAN
    • Exporter profile on DGFT
    • Digital Signature Certificate (DSC)
    • Manufacturer’s process details
    • Chartered Engineer Certificate
    • Technical specifications of raw materials & finished goods
    • Proforma invoice of inputs
    • Past export performance (if applicable)

    Additional documents for self-declaration cases:

    • Consumption ratio justification
    • Production flowchart
    • Calculation of wastage norms

    Step 4 — Register on DGFT Portal

    1. Visit https://dgft.gov.in
    2. Create user login
    3. Link IEC
    4. Add DSC
    5. Update exporter profile with factory address & bank details

    Step 5 — File Application for Advance Authorisation

    1. Go to: Services → Advance Authorisation → Apply
    2. Choose between:
      • SION-based application
      • Self-declaration
      • Adhoc norms
    3. Fill ANF 4A form with details:
      • Inputs to be imported
      • Finished goods to be exported
      • Quantity and value calculation
      • Port of registration
    4. Upload mandatory documents
    5. Pay DGFT application fee
    6. Submit for processing

    DGFT will scrutinize the consumption ratio and value addition at this stage.

    Step 6 — DGFT Review & Grant of Advance Authorisation

    DGFT may ask for:

    • Technical clarification regarding inputs
    • Consumption norms
    • Manufacturing process
    • Supporting manufacturer details

    Once approved, DGFT issues the Advance Authorisation License, containing:

    • Import quantity allowed
    • Duty exemptions
    • Export obligation period
    • Input-output norms

    This license is used at Customs to clear imported raw materials duty-free.

    Step 7 — Import Inputs Duty-Free

    At import stage:

    • File Bill of Entry mentioning Advance Authorisation details
    • Submit license copy & bond/undertaking (if required)
    • Clear raw materials without paying customs duties
    • Maintain stock registers for audit

    Step 8 — Manufacture and Export Finished Goods

    Ensure that:

    • Inputs imported are actually consumed in production
    • Exports are made within EO period
    • Shipping bills show correct HS code & license number
    • e-BRC values match export documentation

    Maintain consumption and production records to avoid disputes later.

    Step 9 — Fulfill Export Obligation

    You must:

    • Export required quantity/value
    • Maintain value addition
    • Track EO progress through DGFT portal

    For deemed exports, obtain supporting documentation like CT-3 forms, ARE-3, certificates from project authority, etc.

    Step 10 — Apply for EODC (Export Obligation Discharge Certificate)

    After completing EO:

    1. Go to DGFT portal → EODC/Redemption
    2. File ANF 4F form
    3. Upload required documents:
      • Shipping bills
      • e-BRC
      • Consumption certificate from independent Chartered Engineer
      • Export summary
      • Proof of input consumption
      • Valid import/export licenses
    4. Submit online

    DGFT will review documents and issue EODC.

    Step 11 — Redemption & Closure

    When EODC is issued:

    • DGFT closes Advance Authorisation
    • Customs bond/BG (if any) is released
    • Export obligation is officially fulfilled

    Keep EODC safely — it may be required during audits.

    Documents Required (Summary)

    • IEC, GST, PAN
    • DSC
    • Proforma invoice
    • SION norms or self-declared norms
    • Technical specifications
    • Manufacturing flowchart
    • Shipping bills
    • e-BRC
    • Chartered Engineer consumption certificate
    • Export summary sheet

    Timeline Overview

    StageEstimated Time
    Application filing1–3 days
    DGFT approval15–45 days
    Import of raw materialsAnytime after approval
    Export obligation period18 months (extendable)
    EODC processing30–90 days

    Common Mistakes to Avoid

    • Incorrect consumption norms
    • Misclassification of HS codes
    • Late fulfillment of export obligation
    • Inadequate stock/production records
    • Uploading incorrect documents for EODC
    • Using imported inputs for non-authorised goods

    Benefits of Advance Authorisation Scheme

    • Zero customs duty on raw materials
    • Reduced production cost
    • Enhanced export competitiveness
    • Flexible norms (SION, self-declared, adhoc)
    • Faster approvals through online DGFT system

    Saving Mantra — Advance Authorisation Support (CTA)

    We help exporters with:

    • Eligibility analysis
    • SION/self-declaration preparation
    • Filing ANF 4A application
    • DGFT query response
    • Import documentation support
    • Export obligation tracking
    • EODC filing and closure

    CTA for WordPress:
    <a href="/contact">Need Advance Authorisation Support? Contact Saving Mantra</a>

    FAQ

    Q: What is covered under duty exemption?
    A: BCD, IGST, Safeguard Duty, Anti-dumping Duty, and other duties listed in the FTP.

    Q: Can we transfer imported inputs?
    A: No. Inputs must be used only for authorized manufacturing.

    Q: Can we apply for extension of EO period?
    A: Yes, DGFT allows extensions with appropriate justification.

    Q: Are job workers allowed?
    A: Yes, but exporters must maintain consumption records and responsibility.

    Excerpt (Short WordPress Summary)

    A complete step-by-step guide to the Advance Authorisation Scheme, covering eligibility, documentation, DGFT application, duty-free imports, export obligation, and EODC filing.

    Disclaimer (Add at end of post)

    Disclaimer: This article is for informational purposes only and should not be considered legal, financial, or professional advice. DGFT policies, SION norms, and Advance Authorisation rules may change through official notifications. Exporters should verify the latest guidelines or consult a qualified DGFT professional before making decisions. Saving Mantra does not accept responsibility for any errors, omissions, or outcomes based on this information.

  • Step-by-Step Process for Spice Board Registration

    Step 1: Visit the Spice Board Registration Portal

    Go to:
    https://www.indianspices.com
    Navigate to Registration → CRES (Spice Exporter Registration).

    ✔ Step 2: Create an Online Account

    Provide:

    • IEC Number
    • PAN
    • Email ID
    • Mobile number

    Verify OTP to activate your account.

    ✔ Step 3: Fill Out the Online Application Form

    Enter information such as:

    • Type of exporter (Merchant / Manufacturer)
    • Business name & address
    • Contact details
    • Spice categories handled
    • Factory/processing unit details (if applicable)

    Ensure accuracy to avoid delays.

    ✔ Step 4: Upload Required Documents

    Upload clear scanned copies (PDF/JPEG):

    • IEC, PAN, GST
    • Address proof
    • MOA/AOA/Partnership Deed
    • Factory license (manufacturer exporters)
    • MSME certificate
    • Cancelled cheque

    Documents must match business details used in IEC and GST.

    ✔ Step 5: Pay the Registration Fee

    Payment modes include:

    • Net Banking
    • UPI
    • Debit/Credit Card

    Fee varies depending on the exporter category.

    ✔ Step 6: Verification by Spices Board

    The Board verifies:

    • Validity of IEC and GST
    • Legitimacy of business operations
    • Document consistency
    • Eligibility under spice product categories

    If additional information is needed, the applicant is notified via email.

    ✔ Step 7: Receive Spice Board Registration Certificate (CRES)

    After successful verification, the exporter receives:

    • CRES Certificate (valid for 3 years)
    • Membership ID & login access

    This certificate must be renewed periodically.

    ✔ Step 8: Renew Registration Before Expiry

    Spice Board registration is valid for 3 years, and renewal is required to remain eligible for export.

    Common Mistakes to Avoid

    • Uploading unclear documents
    • Providing incorrect product categories
    • Using mismatched IEC & GST details
    • Not renewing registration on time
    • Not updating business changes on the portal

    SavingMantra recommends preparing documents before applying.

    Frequently Asked Questions (FAQ)

    1. Is Spice Board registration mandatory for exporting spices?

    Yes. Exporters must obtain CRES from the Spices Board.

    2. What is the validity of the certificate?

    Valid for 3 years, with mandatory renewal.

    3. Can traders apply?

    Yes, merchant exporters can apply with IEC and GST documents.

    4. How long does approval take?

    Typically 5–10 working days, depending on verification.

    5. Is FSSAI mandatory?

    Only for processed spice exporters.

    Conclusion

    Spice Board Registration is essential for any business looking to export spices from India. It supports exporters with quality control, global visibility, and government-backed promotional initiatives. With a straightforward online application process, businesses can easily obtain their CRES and start exporting.

    At SavingMantra, we assist with:
    ✔ Spice Board Registration (CRES)
    ✔ RCMC & DGFT Scheme Applications
    ✔ IEC, GST & Licensing Support
    ✔ Export Documentation & Advisory

    WordPress Disclaimer (Add at Bottom of Blog)

    Disclaimer: This blog is intended for informational purposes only. Spice Board registration rules, procedures, and government regulations may change over time. Readers should verify information from official Spices Board sources or consult a qualified professional before taking action. SavingMantra is not responsible for any errors, omissions, or regulatory changes affecting this information.

  • Paytm Seller Compliance Guide for Indian Businesses

    Paytm is one of India’s fastest-growing online marketplaces and payment ecosystems. Whether you sell through Paytm Mall, Paytm E-commerce, or Paytm Payments Bank services, staying compliant is essential to avoid penalties, payment delays, or account suspension.

    This complete 2025 guide by Saving Mantra covers every compliance requirement for Paytm sellers—from GST to settlement reconciliation, TDS/TCS, trademark/FSSAI, and income tax filing.

    1. Paytm Seller Registration Requirements

    To begin selling on Paytm, you must complete:

    • Proprietorship / Partnership / LLP / Private Limited Company setup
    • PAN + Aadhaar verification
    • GST Registration (mandatory for Paytm Mall sellers)
    • Bank account verification
    • Product listing documentation

    Best recommended structures:

    • LLP – Low compliance, good credibility
    • Private Limited Company – Strong for scaling, GST management & brand protection

    2. GST Compliance for Paytm Sellers

    2.1 GST Registration

    Mandatory for most sellers because Paytm is treated as an e-commerce operator.

    2.2 Monthly GST Filing

    You must file:

    • GSTR-1 – Outward sales
    • GSTR-3B – Tax summary
    • GSTR-2B – Input Tax Credit reconciliation

    2.3 Paytm GST Reports Required for Filing

    You must reconcile:

    • Sales
    • Returns
    • Shipping fees
    • Commission
    • Paytm Payment Gateway charges
    • Refund adjustments

    GST mismatch = penalties + ITC denial + audit flags.

    3. TCS & TDS Rules for Paytm Sellers

    3.1 TCS under GST

    Paytm deducts TCS @ 1% on net sales and deposits it in your GST account.
    You must claim this credit during filing.

    3.2 TDS under Section 194-O

    Paytm deducts TDS @ 1% on gross sales.
    This deduction appears in Form 26AS and reduces your tax liability.

    4. Invoicing Requirements

    Paytm sellers must issue GST-compliant invoices with:

    • GSTIN
    • HSN code
    • Product details
    • Customer details
    • Paytm Order ID
    • Tax rate & breakup
    • Shipping & fulfilment details

    E-Invoicing

    Mandatory only if the seller’s turnover exceeds the notified limit.

    5. Accounting & Bookkeeping Requirements

    Paytm sellers must maintain:

    • Sales register
    • Purchase register
    • Inventory register
    • Expense ledger
    • Commission & payment gateway charges
    • Refund statements
    • Credit notes & debit notes
    • Settlement summaries

    Accurate books ensure clean GST & IT filings and protect sellers during audits.

    6. Product Compliance for Paytm Sellers

    Depending on your product, Paytm may require:

    6.1 FSSAI License

    For food items, beverages, supplements, and consumables.

    6.2 Trademark Registration

    Important for brand protection and Paytm Brand Store setup.

    6.3 BIS / ISI Certifications

    Required for electronics, toys, appliances, lighting products, etc.

    6.4 Legal Metrology (LMPC)

    Mandatory for pre-packed goods with MRP.

    Missing certificates may lead to listing removal or account suspension.

    7. Paytm Settlement, Returns & Reconciliation

    Paytm deducts multiple charges before releasing payment:

    • Commission
    • Shipping charges
    • Payment gateway fees
    • Return adjustments
    • Refund deductions
    • Claims & penalties

    Why Reconciliation Matters

    • Ensures correct GST reporting
    • Identifies unpaid reimbursements
    • Prevents losses due to mischarges
    • Detects incorrect return/damage claims

    Most sellers lose 3–7% of revenue due to poor reconciliation.

    8. Income Tax Compliance for Paytm Sellers

    8.1 Income Calculation

    Taxable income =
    Sales – Purchase – Expenses – Marketplace fees – Packaging/shipping – Return loss

    8.2 Correct ITR Form

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

    8.3 Tax Audit

    Required if:

    • Turnover > ₹1 crore, OR
    • Turnover > ₹10 crore with 95% digital payments

    9. Annual Compliance Checklist

    For Proprietorship

    • GST filings
    • Income tax return
    • Books of accounts

    For LLP / Partnerships

    • Annual ROC filing
    • Income tax return
    • GST filing

    For Private Limited Companies

    • Statutory audit
    • ROC filing (AOC-4, MGT-7)
    • GST & Income Tax returns

    10. Common Mistakes Paytm Sellers Should Avoid

    • Incorrect GST reporting
    • Not claiming TCS credits
    • Not reconciling settlement reports
    • Missing HSN codes
    • No trademark for brand protection
    • Selling regulated products without required licenses
    • Poor record keeping

    These mistakes can lead to payment holds, penalties, and account restrictions.

    11. How Saving Mantra Helps Paytm Sellers

    Saving Mantra provides full compliance support:

    • GST registration & returns
    • Paytm reconciliation (sales, fees, returns, reimbursements)
    • Trademark, FSSAI & BIS registrations
    • Business setup (LLP / Pvt. Ltd.)
    • Income tax filing for sellers
    • ROC & annual company filings
    • Marketplace accounting & automation

    We keep your Paytm seller account 100% compliant, audit-ready, and profit optimized.

    Disclaimer

    This article is for educational and informational purposes only. Compliance requirements vary based on business nature, product category, and tax laws. This content should not be taken as legal or tax advice. Consult a qualified professional for personalised guidance. Saving Mantra is not responsible for decisions made based on this article.