India is the 18th largest export economy in the world and the 50th most complex economy according to the Economic Complexity Index (ECI). In 2014, India exported $292B and imported $421B, resulting in a negative trade balance of $129B. In 2014 the GDP of India was $2.05T and its GDP per capita was $5.7k. The […]

Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into India whether by a private individual or a commercial entity. India shifted to GST in 2017.There are five slab rates 0%,5%, 12%, 18% and 28% which varies depending on the product. The valuation method is CIF. […]

Export documents required: Bill of lading (3 copies), Certificate of origin, Commercial invoice, Customs Export Declaration, Insurance certificate, Packing list, Technical standards certificate, Terminal handling receipt. Import documents required: Bill of Entry, Bill of lading, Cargo Release Order, Catalogs, Certificate of origin, Commercial invoice, Import General Manifest, Inspection report, Insurance Certificate, Packing list.

India, officially the Republic of India is a country in South Asia. It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people), and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal […]

Iceland is the 109th largest export economy in the world. In 2014, Iceland exported $5.83B and imported $5.56B, resulting in a positive trade balance of $268M. In 2014 the GDP of Iceland was $17B and its GDP per capita was $44k. The top exports of Iceland are Raw Aluminium ($1.87B), Fish Fillets ($976M), Non-fillet Frozen […]

Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into Iceland whether by a private individual or a commercial entity. The valuation method is CIF. Below table provide the Duty and Sales tax for Iceland: Duty Rates Average Duty Rate Sales Tax(GST) Threshold on goods 0% […]

Export documents required: Bill of lading, Commercial invoice, Customs Export Declaration, EUR 1 – Certificate of origin, Packing list. Import documents required: Bill of lading, Commercial invoice, Customs import declaration, Packing list.

The Republic of Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of 332,529 and an area of 103,000 km2 (40,000 sq mi), making it the most sparsely populated country in Europe. The capital and largest city is Reykjavik. Reykjavik and the surrounding areas in the south west of […]

Hungary is the 37th largest export economy in the world and the 14th most complex economy according to the Economic Complexity Index (ECI). In 2014, Hungary exported $106B and imported $99B, resulting in a positive trade balance of $6.35B. In 2014 the GDP of Hungary was $138B and its GDP per capita was $25.1k. The […]

Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into Hungary whether by a private individual or a commercial entity. The valuation method is CIF. Below table provide the Duty and Sales tax for Hungary: Duty Rates Sales Tax(GST) Threshold on goods 0% to 17% (Some […]