Export Import Insights | Impex Consultancy

A Complete Guide to Reducing Customs Duty, Freight, Landed Cost & Other Import Expenses Importing goods from overseas can provide significant business opportunities, but the actual cost of imported goods is much more than the supplier's purchase price . An importer may have to consider: Product cost Freight Insurance Customs duty IGST Port charges Customs clearance CFS/terminal charges Transportation Bank charges Documentation Storage Demurrage Other logistics expenses This is why businesses should focus on landed cost optimization , rather than simply negotiating a lower supplier price. In this article, we explain 15 practical ways Indian importers can control and reduce avoidable import costs . Important: Customs duty, taxes, exemptions, trade-policy requirements and other charges depend on the product, classification, origin, transaction structure and applicable rules. Always verify the current requirements for your specific shipment. What Is Import Cost? The purchase price...

  Common Import & Export Mistakes in India: 15 Costly Mistakes Businesses Should Avoid A Practical Guide for Indian Importers, Exporters and Trading Businesses Starting an import or export business can create excellent opportunities for Indian businesses. However, international trade involves many moving parts: Supplier → Product → HS Code → Documentation → Freight → Customs → Compliance → Delivery → Payment A mistake at any stage can result in: Shipment delays Unexpected costs Customs queries Documentation problems Additional logistics charges Cash-flow pressure Loss of business opportunities The good news is that many common mistakes are preventable with proper planning and documentation . In this guide, we discuss 15 common import-export mistakes and practical ways businesses can avoid them. 1. Starting Without Understanding the Complete Import-Export Process One of the biggest mistakes new businesses make is starting international trade without un...