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A **Customs Broker** is a licensed professional who assists importers and exporters in clearing goods through customs. They are responsible for accurate classification of goods, managing duty and tax payments, and ensuring compliance with customs laws to avoid penalties or delays. They act as a crucial intermediary between your business and customs authorities.
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A **Freight Forwarder** acts as your logistics coordinator. They manage the international shipment from origin to destination, selecting the best shipping routes and carriers based on cost and cargo type. They also handle documentation like the Bill of Lading and can provide services such as warehousing and cargo insurance.
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**Export Promotion Councils (EPCs)** are government-recognized bodies that support exporters within specific sectors. They provide market insights, facilitate participation in international trade fairs, and offer guidance on government schemes. Membership and obtaining an **RCMC (Registration-cum-Membership Certificate)** are often prerequisites for accessing government benefits.
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A reliable bank is essential for managing foreign exchange, securing credit, and facilitating international payments. You need a bank with an **Authorized Dealer Code** to handle all foreign currency transactions and a team that understands the nuances of export finance, Letters of Credit (**LC**), and other payment mechanisms.
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The **ECGC** is a government-owned company that provides export credit insurance. It protects Indian exporters against non-payment risks from foreign buyers, such as bankruptcy or political instability. Obtaining an ECGC policy is a crucial step in mitigating financial risk, especially for new exporters dealing with unknown buyers.
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This directory is a powerful first step. For professional guidance and to ensure you choose the right partner, contact us today.
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