Saturday, August 21, 2010

Tradecaste.com --- India's Best B2B Portal

B2B Directory:-

Tradecaste is established with a vision to guide the buyers and sellers of the Indian market in a most proficient and professional way. An emerging name in the B2B segment, today Tradecaste introduces itself as the most ideally designed B2B business guide in this fast growing sector. In its constant endeavor to offer the best B2B web solution to its customers from India, today it is emerging as an effective interactive tool for the online business houses.

Tradecaste, a resourceful B2B business platform was put into being to lead company and products to greater profit. This easy to use fully managed interactive platform empowers the traders with a series of online services to boost up customers' satisfaction and add to customer's loyalty. It is growing consistently on India’s B2B horizon and intends to disseminate its services more effectively to every corner of India and beyond.

In a short span of time, Tradecaste has succeeded in gaining the loyalty of several prestigious business houses and has become a resourceful entity to bother other marketplaces in the domestic market. Tradecaste offers everything you need to build your online products store. Tradecaste is a more powerful approach to selling your products online. With strong presence in the B2B segment, Tradecaste continues to bring businesses much closure than imagined.

In its ever-increasing quest to meet the expectation of SMEs, it is constantly endeavouring to offer greater profits to its customers through consistently improved web solutions.

B2B Marketplace

In just a small time span Tradecaste in has caught the eyes of many in the media and market. Recently, we have taken many challenging decisions to take unexpected turns and twirls along with great leaps. We are a visionary firm who dared to step into our own expedition of a thousand miles - and embark on more revolutionary initiatives. The company has not left a single stone unturned to meet the growing demands of the B2B market and continues to implement technology that would be very new and more beneficial to the traders from all over the globe. It took Tradecaste in only a few months to create a place of its own in the B2B marketplace to catch the eyes of the global traders.

Tuesday, August 3, 2010

Indian Exporters

Here is a global listing of numerous quality products exported by famous Indian Exporters. This Indian Exporters Directory helps in searching for the prominent export companies based on different product categories. This well managed directory helps you to find out the products exporters of your choice just on a single click of the mouse.

The listing has been classified according to the different categories of products. To ease your search, the product categories have been grouped according to the starting alphabet. Just by clicking a particular alphabet you will see a long list of products starting with that alphabet only and by clicking on a particular product a list of exporters of that product will be displayed.

Not only is this, for the benefits of export industry, a listing of foreign classifieds also given. This categorization provides a list of well-renowned foreign manufacturers, foreign exporters and foreign suppliers. Furthermore, a trade lead section is also provided to view various trade leads.

Friday, July 23, 2010

Custom Act & Custom Duty

As per AY 2009-10
  • Customs duty of 5% to be imposed on Set Top Box for television broadcasting.
  • Customs duty on LCD Panels for manufacture of LCD televisions to be reduced from 10% to 5%.
  • Full exemption from 4% special CVD on parts for manufacture of mobile phones and accessories to be reintroduced for one year.
  • List of specified raw materials/inputs imported by manufacturer-exporters of sports goods which are exempt from customs duty, subject to specified conditions, to be expanded by including five additional items.
  • List of specified raw materials and equipment imported by manufacturer-exporters of leather goods, textile products and footwear industry which are fully exempt from customs duty, subject to specified conditions, to be expanded.
  • Customs duty on unworked corals to be reduced from 5% to Nil.
  • Customs duty on 10 specified life saving drugs/vaccine and their bulk drugs to be reduced from 10% to 5% with Nil CVD (by way of excise duty exemption).
  • Customs duty on specified heart devices, namely artificial heart and PDA/ASD occlusion device, to be reduced from 7.5% to 5% with Nil CVD (by way of excise duty exemption).
  • Customs duty on permanent magnets for PM synchronous generator above 500 KW used in wind operated electricity generators to be reduced from 7.5% to 5%.
  • Customs duty on bio-diesel to be reduced from 7.5% to 2.5%.
  • Concessional customs duty of 5% on specified machinery for tea, coffee and rubber plantations to be reintroduced for one year, upto 06.07.2010.
  • Customs duty on ‘mechanical harvester’ for coffee plantation to be reduced from 7.5% to 5%. CVD on such harvesters has also been reduced from 8% to nil, by way of excise duty exemption.
  • Customs duty on serially numbered gold bars (other than tola bars) and gold coins to be increased from Rs.100 per 10 gram to Rs.200 per 10 gram. Customs duty on other forms of gold to be increased from Rs.250 per 10 gram to Rs.500 per 10 gram. Customs duty on silver to be increased from Rs.500 per Kg. to Rs.1000 per Kg. These increases also to be applicable when gold and silver (including ornaments) are imported as personal baggage.
  • Customs duty on cotton waste to be reduced from 15% to 10%.
  • Customs duty on wool waste to be reduced from 15% to 10%.
  • Customs duty on rock phosphate to be reduced from 5% to 2%.
  • CVD exemption on Aerial Passenger Ropeway projects to be withdrawn. Such projects will now attract applicable CVD.
  • Customs duty exemption on concrete batching plants of capacity 50 cum per hour or more to be withdrawn. Such plants will now attract customs duty of 7.5%.
  • On packaged or canned software, CVD exemption to be provided on the portion of the value which represents the consideration for transfer of the right to use such software, subject to specified conditions.
  • Customs duty on inflatable rafts, snow-skis, water skis, surf-boats, sail-boards and other water sports equipment to be fully exempted.


The Customs Act was formulated in 1962 to prevent illegal imports and exports of goods. Besides, all imports are sought to be subject to a duty with a view to affording protection to indigenous industries as well as to keep the imports to the minimum in the interests of securing the exchange rate of Indian currency.

Duties of customs are levied on goods imported or exported from India at the rate specified under the customs Tariff Act, 1975 as amended from time to time or any other law for the time being in force. For the purpose of exercising proper surveillance over imports and exports, the Central Government has the power to notify the ports and airports for the unloading of the imported goods and loading of the exported goods, the places for clearance of goods imported or to be exported, the routes by which above goods may pass by land or inland water into or out of Indian and the ports which alone shall be coastal ports.

In order to give a broad guide as to classification of goods for the purpose of duty liability, the central Board of Excises Customs (CBEC) bring out periodically a book called the "Indian Customs Tariff Guide" which contains various tariff rulings issued by the CBEC. The Act also contains detailed provisions for warehousing of the imported goods and manufacture of goods is also possible in the warehouses.

For a person who do not actually import or export goods customs has relevance in so far as they bring any baggage from abroad.

Types of duties

Under the custom laws, the following are the various types of duties which are leviable.

Basic Duty:
This is the basic duty levied under the Customs Act. The rate varies for different items from 5% to 40%.

Additional Duty (Countervailing Duty) (CVD):
This additional duty is levied under section 3 (1) of the Custom Tariff Act and is equal to excise duty levied on a like product manufactured or produced in India. If a like product is not manufactured or produced in India, the excise duty that would be leviable on that product had it been manufactured or produced in India is the duty payable. If the product is leviable at different rates, the highest rate among those rates is the rate applicable. Such duty is leviable on the value of goods plus basic custom duty payable. eg. If the customs value of goods is Rs. 5000 and rate of basic customs duty is 10% and excise duty on similar goods produced in India is 20%, CVD will be Rs.1100/-.

Additional Duty to compensate duty on inputs used by Indian manufacturers. This Additional Duty is levied under section 3(3) of the Customs Act. It can be charged on all goods by the central government to counter balance excise duty leviable to raw materials, components and other inputs similar to those used in the production of such good.

Anti-dumping Duty:
Sometimes, foreign sellers abroad may export into India goods at prices below the amounts charged by them in their domestic markets in order to capture Indian markets to the detriment of Indian industry. This is known as dumping. In order to prevent dumping, the Central Government may levy additional duty equal to the margin of dumping on such articles, if the goods have been sold at less than normal value. Pending determination of margin of dumping, such duty may be provisionally imposed. After the exact rate of dump ing duty is finally determined, the Central government may vary the provisional rate of dumping duty. Dumping duty can be imposed even when goods are imported indirectly or after changing the condition of goods. There are however certain restrictions on imposing dumping duties in case of countries which are signatories to the GATT or on countries given "Most Favoured Nation Status" under agreement. Dumping duty can be levied on imports on such countries only if the Central Government proves that import of such goods in India at such low prices causes material injury to Indian industry.

Protective Duty:
If the Tariff Commission set up by law recommends that in order to protect the interests of Indian industry, the Central Government may levy protective anti-dumping duties at the rate recommended on specified goods. The notification for levy of such duties must be introduced in the Parliament in the next session by way of a bill or in the same session if Parliament is in session. If the bill is not passed within six months of introduction in Parliament, the notification ceases to have force but the action already undertaken under the notification remains valid. Such duty will be payable upto the date specified in the notification. Protective duty may be cancelled or varied by notification. Such notification must also be placed before Parliament for approval as above.

Duty on Bounty Fed Articles:
In case a foreign country subsidises its exporters for exporting goods to India, the Central Government may import additional import duty equal to the amount of such subsidy or bounty. If the amount of subsidy or bounty cannot be clearly deter mined immediately, additional duty may be collected on a provisional basis and after final determination, difference may be collected or refunded, as the case may be.

Export Duty:
Such duty is levied on export of goods. At present very few articles such as skins and leather are subject to export duty. The main purpose of this duty is to restrict exports of certain goods. The Central Government has been granted emergency powers to increase import or export duties if the need so arises. Such increase in duty must be by way of notification which is to be placed in the Parliament within the session and if it is not in session, it should be placed within seven days when the next session starts. Notification should be approved within 15 days.

Friday, July 16, 2010

Importance of Foreign Trade

The importance of foreign trade is more than ever before in today’s globalised world. With the opening of Indian economy in the past two decades, imports and exports have gathered momentum and the government is providing adequate policy framework, assistance and incentives to people, companies and organizations engaged in foreign trade. The government also plays a crucial role in providing infrastructure to nurture trade, and in engaging with foreign governments and international trade organizations to ensure a level playing field for Indian traders.

What is import and who are importers?

According to the Customs Act 1962 , "import", with its grammatical variations and cognate expressions, means bringing into India from a place outside India; "imported goods" means any goods brought into India from a place outside India but does not include goods which have been cleared for home consumption; and "importer", in relation to any goods at any time between their importation and the time when they are cleared for home consumption, includes any owner or any person holding himself out to be the importer.

What is export and who are exporters?

The Customs Act, 1962, says "export", with its grammatical variations and cognate expressions, means taking out of India to a place outside India; "export goods" means any goods which are to be taken out of India to a place outside India; and "exporter", in relation to any goods at any time between their entry for export and the time when they are exported, includes any owner or any person holding himself out to be the exporter.

Saturday, May 8, 2010

International B2B marketplace for Importers & Exporters

After seeing online traffic, many business houses have started with their web portals. Every day hundreds of b2b directories are getting online with the huge list of indian exporters, importers, sellers and buyers. In India business to business portals have played an important role that acts as common platform for indian exporters, indian importers, manufactures and other traders. New b2b directories are coming with the huge updated list of new exporters, sellers, importers and buyers. All these trades can get login to these online b2b portals where they can list their products and services. Buyers can get login to buy side whereas sellers get login to selling side.

In b2b directories you will able to find A to Z items including textiles items, automobiles parts, power plants, aircrafts, agriculture products, food products, capital machinery, timepieces jewelry, home & garden, rubber & plastics, food items, cars, electrical equipment & supplies, fashion accessories, consumer electronics, massive manufacturing base, motor parts, lighting, telecommunications, chemicals, packaging, eyewear, toys, printing, medical products and lots more. All these items can be sell or buy at affordable prices. b2b directory india have played a vital role in meeting the upcoming demand of online trade among the various exporters, manufacturers, importers, and other traders who are interested to buy or sell their product or services online.

From the last 2 to 3 years, we could easily analyze that many online b2b portals are getting online with their huge list of different items and products listed by different Indian manufacturers, suppliers, Indian export import dealers, Indian importers, exporters and sellers. From the previous few decades, India is on the top in offering outstanding trade opportunities that attracts thousands of outsiders / traders from all over the world. With good business opportunities, Indian b2b directories turn out as one of the successful online trade market

where number of dealings are held among the various types of world reputed brands. All these b2b directories play a vital role in connecting different companies under one roof. Among the various types of b2b portals, tradecaste.com is one of the reputed and famous b2b portals that provide a large platform for the online traders who can purchase or sell their field products or services at affordable prices. These traders can easily get their customers from tradecaste.com, one of the favored b2b directories of India with huge data along with the huge list of exporters, importers, buyers and sellers.

Friday, May 7, 2010

Promote your Business - B2B Directory India

Trading in any market has never been simple - with diverse language, geographical distance, cultural difference and lack of market knowledge poses a real and tough challenge to any importer or exporter. However, with the help of right guidance and aggressive planning, selling in overseas market has not only become easier, but also much simpler and less expensive than it was a decade ago.

B2B Directory India has been an effective medium for your business promotion in India because of an easy and inexpensive access to an incredibly powerful and all-encompassing medium like Internet. Never before in the history of human civilization so many people from so vastly different places and societies freely interacted with each other as we witness today in Internet. So, you can take advantage of this favorable business climate and easily become successful. In fact, large number of indian exporters and importers has used these advantages successfully as reflected in unprecedented export growth witnessed over last 10 years.

A decade ago - buying agents and trade shows were the two most popular avenues for trading in international markets. Participation in overseas trade shows was, and still is, prohibitively expensive for most small and medium exporters. Internet has not only made available new avenues for sellers, it has also drastically changed distribution pattern. Today, conventional distribution channel of seller to large importer to distributor to local stockiest to retailer is severely disrupted as small retailers from USA and Europe regularly visit foreign web-sites and order directly. This is a win-win situation as both importers and exporters stand to gain substantially by transacting directly without middlemen. It does add to business risks but profit margins also become very impressive by going direct.

In coming years, we shall see more and more buyers and sellers coming through the Internet route. To be successful - you should be able to make best use of this opportunity that was not available to your predecessors’ even 10 years back. Therefore, make best use of importers and exporters directory.

Monday, May 3, 2010

India's Best B2B Portal

After seeing online traffic, many business houses have started with their web portals. Every day hundreds of b2b directories are getting online with the huge list of indian exporters, importers, sellers and buyers. In India business to business portals have played an important role that acts as common platform for indian exporters, indian importers, manufactures and other traders. B2B Directory are coming with the huge updated list of new exporters, sellers, importers and buyers. All these trades can get login to these online b2b portals where they can list their products and services. Buyers can get login to buy side whereas sellers get login to selling side.

In b2b directories you will able to find A to Z items including textiles items, automobiles parts, power plants, aircrafts, agriculture product suppliers, food products, capital machinery, timepieces jewelry, home & garden, rubber & plastics, food items, cars, electrical equipment & supplies, fashion accessories, consumer electronics, massive manufacturing base, motor parts, lighting, telecommunications, chemicals, packaging, eyewear, toys, printing, medical products and lots more. All these items can be sell or buy at affordable prices. b2b directory india have played a vital role in meeting the upcoming demand of online trade among the various exporters, manufacturers, importers, and other traders who are interested to buy or sell their product or services online.

From the last 2 to 3 years, we could easily analyze that many online b2b portals are getting online with their huge list of different items and products listed by different indian manufacturers, suppliers, Indian export import dealers, Indian importers, exporters and sellers. From the previous few decades, India is on the top in offering outstanding trade opportunities that attracts thousands of outsiders / traders from all over the world. With good business opportunities, Indian b2b directories turn out as one of the successful online trade market where number of dealings are held among the various types of world reputed brands. All these b2b directories play a vital role in connecting different companies under one roof. Among the various types of b2b portals, tradecaste.com is one of the reputed and famous b2b portals that provide a large platform for the online traders who can purchase or sell their field products or services at affordable prices. These traders can easily get their customers from tradecaste.com, one of the favored b2b directories of India with huge data along with the huge list of exporters, importers, buyers and sellers.