Key Mistakes to Avoid in Import Export Industry

The import-export industry is one of the fastest-growing industries as it provides high returns or profits. As per the well known Import Export Institute India, with the development the import and export have changed as we now have better transport management and opportunities at a larger scope and government are promoting the export of goods and services from one country to another. Anyone who wants to expand their business at a global level the import-export industry helps in earning more profits. Also as per the Import Export training courses provider, this industry contains higher risks and it can affect the profit margin business can earn.

Here are some common Mistakes to Avoid in Import Export Industry as per the Import Export Institute.

1. Sign a contract without confirming the buyer/seller legitimacy

Many small traders and manufacturers want to import and export internationally, but do not give much importance to check the reliability of the importers. As per the analysis shown in Export Import courses, there is an end number of fake company profiles and product portfolios so before you take any step make sure you check the reliability or the legitimacy of the buyer or seller.

2. Understanding the Country Regulations

Also, it is important to know about certain countries norms which allow only a few products and restricts some goods from other countries. Overall it will help you in saving a large amount of money as well as save your time.

3. Insurance of the Goods Supplied or Imported

A very important factor when you trade internationally makes sure that the goods supplied or imported will reach safely, loss or damage occurs your goods or items were insured before it was dispatched from the importer’s side or from the transportation authority. While trading the goods and services in an international market, insurance of the goods is a way to secure your products. Avoiding may result in unbearable losses of products and your capital.

4. Not Paying Attention to the Exchange Rates

Many business owners many times avoid foreign exchange rates while exporting or importing goods from one country to another. It happens as the traders overlook the risk factors and they only focus on the profit margins. But the reality is different, the exchange rate fluctuation affects the most, and it might be a reason to lose a major margin.

5. Lack of Import Export Knowledge

It is a common myth that any small or medium enterprise can easily supply a particular product in the foreign market without getting trapped in any losses. Understanding the basic import-export regulations before starting a business is a must to be on the safer side and it helps you in reducing the risk of penalties by sending their consignments on time.

To know more about the import-export rules and regulations you can contact the consultant team of JBS Academy - the best Import Export training courses provider in India. Want to know more about Export Import courses, you can chat with them on 079 -2754 0463 or directly call them on 079 -2754 0464

How to Prepare Yourself for CBLR Examination

Tips for CBLR exam preparation

Here are some of the steps to study for the CBLR exam 2019,

• Download or collect at least the past five exam papers, and study the CFR/HTSUS/directive section tested in each question. As it will give you a brief idea about what you need to study for the exam and whatnot. Put a mark or highlight the repeated questions in all five papers.
  
  
• Find the question CBLR exam paper with the answers and prepare accordingly.
  
  
• Take the rest of the exams related CBLR for CBLR exam preparation and attempt under timed conditions.
  
  
• Practice for the exam until your scores are consistently in the passing or your decide to range.
  
  
• Try to memorize all or key chapter numbers in the table of contents of the regulations.
  
  
• Make sure you have an idea of how the HTSUS is set up in the beginning.
  
  
• For any doubts or any query related to CBLR exam Question paper don’t hesitate to ask questions to your mentor or any senior faculty.

How long do you need to study for the CBLR exam 2019?

The obvious answer to this question is to study for the exam as long as it takes. Everything depends on the amount of time you devote to studying, it could take a few weeks, a month, a few months or a year.

Also as per the experts, if you aren’t ready for the exam by the time the actual exam rolls around, just cancel your CBLR exam paper in advance, get the expected refund fees, and try to attempt the next test.

I hope that the above tips will help you in passing the CBLR exam Question paper. For any doubts regarding Regulation 6, CBLR, CHA and Custom Agent exams you can directly contact the consultant team of JBS Academy on, 079 -2754 0463 or  info@jbsacademy.com. They will guide you and solve your doubts regarding any custom and logistic related exams. 

Easy way to clear Regulation 6 oral exam 2019

The importance of logistics is increasing in many manufacturing companies as they are producing and distributing products all across the world. Also, it increases the demand of such logistics activities as warehousing, transportation, material handling, and such other value-added services here professional third-party service providers enable companies to get customized logistical support when you focus on your core organizational activities. After the globalization in India, businesses are more focusing on the demand for logistics operations. Overall by preparing Regulation 6 Exam, Customs Brokers Licensing Regulations Examinations you can get the better idea for logistic regulations in India.

The written exam of regulations 6 courses are conducted in January and its results are declared at the end of May month. After clearing the written exam, you need to appear for the oral exam of regulation 6 exam. The applicant can clear the Customs Brokers Licensing Regulations Examination in the maximum of six attempts under 7 years.

There are two aspects of the oral exam, one is your personality, integrity, honesty, character, and confidence and the second one is your knowledge. Here are some points to consider when you’re preparing for Regulation 6, Customs Brokers Licensing Regulations Examinations

• You must be aware of all the import and export procedures including baggage and Kachcha  Bill of Entry.

• You must know different ways to prepare and file all shipping bills and Bill of Entry

• You must be aware of export promotion schemes

• You must know different ways to find HS code for an item.

• Also, you need to know all types of duties levied by the customs.

• You must be aware of all the major provisions of allied acts and their names.

• You should be aware of appellate and drawback provisions and procedures.

Prepare yourself for Regulation 6 oral examination and know all the details about the above point in Regulation 6 courses provided by JBS academy. To know more about the logistics related courses you can contact the consultant team of JBS academy on, info@jbsacademy.com