HS code is very important if you want to import or export products because it will help determine the customs duty and taxes. Normally you can get the HS code from your supplier if you import a product, and if you are trying to analyze the product for import or export, you have to find…
Are you thinking to import car in Pakistan? If yes, then you should read this blog post carefully because this article will guide you about the car import procedure in Pakistan and the car import policy of Pakistan. There are certain rules applied to import cars in Pakistan to give a bit of leverage to…
Start import export business with Dubai becasue it is beneficial. Over time, Dubai became the business hub for many international trading businesses. Many companies opened their offices or manufacturing units to ease the business with other countries. Import export business in Dubai is growing, as the country itself imports and export different products, and many…
The US is the land of opportunities where you can do anything. You can start a business and make it successful if you have passion. But if you like interacting and meeting new people, then start import export business in the US, it’s the best choice for you. Even if you don’t want to build…
Investment is an essential part of any business in the market. Therefore, it is important to calculate the investment needed to start a business. Investment capital can be different for every business because every business has a different nature, some are small, and some are big. That’s why minimum investment for import export business can…
2020 has brought with it a serious problem in the form of COVID-19, commonly known as coronavirus disease, which has damaged the economies around the world. The virus has killed more than 60,000 people so far and it is still spreading rapidly in the different countries of the world. The coronavirus has affected the economy…
The US Constitution allows Congress to monitor and tax global imports and exports, and the United States has traditionally relied on an efficient customs system and careful regulation of imported goods to generate revenue for the country. If you want to run a business that requires trading internationally, it is important to know how to…
In 2019, the total US imports and exports were $5.6 billion, which was $3.1 trillion in imports and $2.5 trillion in exports of services and goods. The US imports more than it exports to other countries. US has major trade partnerships with many countries like Europe, China, Canada, UK, Japan, Germany, Mexico, South Korea, Vietnam,…
Tax collection is very important to run the economy of the country that’s why every business needs to have a sales tax registration number. You cannot file a sales tax return if you don’t have a sales tax registration certificate. You can register the sales tax number with the FBR (Federal Board of Revenue). After the…
To file GD in WeBOC account is compulsory in the import export business. WeBOC is a great platform provided by the FBR to facilitate traders, agents, and customs officers. WeBOC has made the GD filling process fast and simple, and the container tracking very easy. The manual method of filling GD is no longer working.…
Many traders import electronics from China to Pakistan on a large scale. Almost every electronic equipment we use is imported from China. China manufactures from low to high-quality electronic goods. It is up to you what quality you want. Electronics have a great profit margin, and it offers a wide range of products to choose…
Importing business is a good business idea, in this business the margin is very high. People earn good money from this business. China is a big country which makes lots of products in different categories. Most of the people import products from China because from they can buy the product at cheap rates. Big companies…
An import export business plan is very important for the prosperity of the trading business. The plan keeps you on track and helps you meet your goals. Starting a business is not that difficult, but making it successful is. You can start import export business from any industry, but make sure you know a lot…