What is Generalized System of Preferences?
The Generalized System of Preferences (GSP) is a generalized, non-reciprocal and nondiscriminatory preference scheme beneficial to developing countries (also known as preference rece...
What is Preferential Tariff System
A tariff schedule under which one or more nations are given lower rates or other advantages over others. That is one country will give a traffic reduction facilities to other countries. A preferential tariff system c...
What is Lead Time ?
lead time is a time given by the manufacturer. Most buyers can be fixed up lead time. So now we go for what is lead time, it is a time period to get the post products or manufactured products. I am giving an example which will make a more clear conce
How to Export Products and Expand Your Business
Small business owners are now starting to ask questions about how to export products in this burgeoning global economy.
Documents Required to Get Bonded Ware House License in Bangladesh
If your firm is a 100% export-oriented industry, you may reduce your cost by getting a Bonded Warehouse License for duty-free import of raw materials from the Customs Authority. You must export 100% of your products....
Documents Required to Open a Business Bank Account in Bangladesh
You should open an account in one of your favorite banks. You have to obtain an application form from the bank and then submit it along with another necessary document as follows:One: An application in the prescribed...
Some Important Terms and Abbreviation for Export-Import Business
There are many terms and abbreviations available in export-import Business. Some most common abbreviation as follows:1. TIN=Tax Identification Number.2. VAT= Value Added Tax3. A.W.BILL= Air Way Bill4. P.S.I.= pre Shipment Inspection5. H.S. Code= Harm...