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Sourcing vs Procurement: Understanding Key Differences in the Supply Chain

Sourcing vs Procurement: Understanding Key Differences in the Supply Chain

Running a business in India, whether it is a small workshop in Coimbatore or a large factory in Gurgaon, often feels like juggling a dozen tasks at once. One moment, you are chasing customer orders, and the next, you are scrambling to secure raw materials. In the midst of this chaos, two terms frequently pop up: sourcing and procurement. They sound similar, but mixing them up is like confusing a recipe’s ingredients with the cooking process.  Understanding the difference between Sourcing vs Procurement can transform how you manage your supply chain, saving you time, money, and plenty of stress. In this blog, I will break down what sourcing and procurement mean, highlight their roles in the supply chain, and share practical tips for Indian businesses. Whether you are sourcing cotton for a textile unit in Tiruppur or procuring electronics for a store in Delhi, this guide will help you navigate the process with confidence. Let us get started! What Is Sourcing in Procurement? Sourcing is the groundwork of your supply chain. It is about finding the right suppliers who can provide the goods or services your business needs at the right price and quality. Imagine you are a furniture maker in Jodhpur looking for high-quality teak. Sourcing involves researching suppliers, comparing their offerings, and building relationships to ensure a steady supply of wood that meets your standards. In procurement, sourcing is a strategic process. It focuses on identifying vendors, negotiating contracts, and setting up a reliable supply network. For example, a spice exporter in Kochi might source turmeric from farmers in Tamil Nadu, evaluating them based on quality, cost, and delivery reliability. The goal is to create a robust supplier base that supports your business in the long run. Key Aspects of Sourcing Supplier Research: Identifying potential vendors through market analysis and referrals. Vendor Evaluation: Assessing suppliers based on quality, pricing, and reliability. Contract Negotiation: Securing favourable terms, such as bulk discounts or flexible delivery schedules. Relationship Building: Establishing trust with suppliers for consistent collaboration. What Is Procurement in Supply Chain Management? Procurement is the bigger picture. It covers the entire process of acquiring goods or services, from spotting the need to paying the supplier. While sourcing is a part of procurement, the latter goes further, managing everything from purchase orders to delivery tracking. In India’s complex supply chain, where delays due to festivals or customs can throw a spanner in the works, procurement keeps things on track. For instance, picture a Mumbai-based retailer stocking up on festive decorations. Procurement involves not only sourcing reliable suppliers for lights and ornaments but also placing orders, ensuring timely delivery, checking quality, and settling invoices. It is about making sure your business has what it needs, when it needs it, without breaking the bank. Key Aspects of Procurement Need Assessment: Determining what goods or services are required to meet business goals. Order Placement: Issuing purchase orders and coordinating with suppliers. Delivery Management: Tracking shipments and verifying compliance with contract terms. Supplier Oversight: Monitoring vendor performance and maintaining relationships. Sourcing vs Procurement: Key Differences Sourcing and procurement work hand in hand, but they serve distinct purposes. Here is a clear comparison to help you see the difference: AspectSourcingProcurementDefinitionIdentifying and selecting suppliers for goods or services.The full process of acquiring goods or services, including sourcing.FocusFinding the right suppliers (the “who”).Managing the acquisition process (the “what” and “how”).ScopeA strategic subset of procurement, focused on supplier relationships.A broader process, covering sourcing, purchasing, and logistics.TimingOccurs before purchasing to establish supply channels.Spans activities before, during, and after purchasing.GoalsBuild cost-effective and resilient supply chains.Ensure timely delivery of quality goods at optimal costs.ActivitiesMarket research, supplier vetting, negotiation, contract signing.Sourcing, ordering, delivery tracking, payment, performance reviews. Procurement vs. Purchasing: Clearing the Confusion Another term that often confuses is purchasing. While it is part of procurement, purchasing is narrower, focusing solely on the transactional act of buying goods or services. It involves placing orders and making payments but lacks the strategic depth of procurement, such as supplier selection or long-term planning. For example, a Hyderabad startup buying office furniture from a local vendor is purchasing. However, if they are also researching suppliers, negotiating bulk deals, and ensuring timely delivery, that is procurement. Purchasing is about completing the transaction; procurement is about managing the entire process. Why These Differences Matter for Indian Businesses? In India, where supply chains can be as unpredictable as monsoon rains, understanding sourcing and procurement is crucial. Here is why: Cost Efficiency: Smart sourcing helps you find affordable suppliers, which is vital in a market where margins are tight. Procurement ensures you avoid costly mistakes like overordering or delayed deliveries. Supply Chain Stability: With challenges like infrastructure bottlenecks or regulatory complexities, sourcing builds a diverse supplier network while procurement keeps operations smooth. Local Advantage: Sourcing from nearby suppliers, such as leather vendors in Kanpur, cuts lead times and supports initiatives like “Make in India.” Procurement ensures compliance with GST and other regulations. Growth Potential: Clear sourcing and procurement processes allow businesses to scale, whether you are a small retailer in Kolkata or a growing exporter in Ahmedabad. An Example of Sourcing and Procurement Let us say you own a bakery chain in Bengaluru, and you need flour for your signature bread. Here is how sourcing and procurement come into play: Sourcing: You research wheat flour suppliers, shortlist a mill in Punjab for its quality and price, and negotiate a contract for monthly deliveries. You also check their sustainability practices to align with your brand. Procurement: You place an order for 1,000 kilograms of flour, track the shipment to your bakery, verify the flour’s quality, and process the payment. If the delivery is late, you coordinate with the supplier to resolve it. This example shows how sourcing secures the supplier, while procurement ensures the materials arrive and are used effectively. Which Comes First: Sourcing or Procurement? Sourcing usually happens first. You need to find and contract suppliers (sourcing) before you can order goods and manage deliveries (procurement). However, the two are interconnected. Procurement relies on sourcing to create a reliable supplier base, while sourcing uses procurement data, like supplier performance metrics, to refine vendor choices. Strategic Sourcing vs. Procurement Strategy A sourcing strategy is about building a strong supply chain. It involves long-term planning, such as diversifying suppliers to reduce risks or prioritising local vendors to save costs. For example, an Indian electronics manufacturer might source components from multiple vendors to avoid supply disruptions. A procurement strategy is broader, aiming to optimise the entire acquisition process. It includes sourcing but also focuses on streamlining orders, cutting lead times, and ensuring compliance. For instance, the same manufacturer might use a procurement strategy that automates purchase orders and integrates with GST portals for seamless tax filing. Practical Tips for Sourcing and Procurement in India To master sourcing and procurement, try these tips tailored for Indian businesses: Source Locally: Work with regional suppliers, such as textile mills in Surat, to reduce delivery times and support local economies. Embrace Technology: Use procurement software to automate orders, track shipments, and analyse supplier performance, saving time and reducing errors. Build Trust: Foster strong supplier relationships through clear communication and fair deals, a cornerstone of India’s business culture. Ensure Compliance: Align procurement with GST and import-export rules to avoid penalties, especially for cross-border sourcing. Review Suppliers: Regularly assess vendors based on quality, timeliness, and cost to keep your sourcing strategy sharp. Suggested - A Definitive Guide on How to Source Products for Your eCommerce Business in 2025 Facilitate Your Supply Chain with WareIQ’s Tech-Driven Solutions Navigating sourcing and procurement in India’s complex supply chain can feel like a full-time job. That is where WareIQ, a Y Combinator-backed e-commerce fulfilment platform, comes in, offering smart solutions to make your life easier. Whether you are sourcing raw materials or procuring goods for retail, WareIQ helps you manage inventory and deliveries with ease, letting you focus on growing your business. WareIQ provides: Nationwide Fulfilment Network: Store inventory in fulfilment centres across more than 12 cities, enabling fast deliveries to over 27,000 pin codes, compliant with Seller Flex and FAssured standards. AI-Driven Inventory Management: Use Inventory LogIQ to place stock strategically, avoid stockouts, and align with your procurement plans. Seamless Integration: Connect with D2C platforms (Shopify, WooCommerce) and marketplaces (Amazon, Flipkart) for centralised order and inventory management. Efficient Returns Handling: Manage returns with high-definition media evidence to minimise claim rejections, keeping procurement smooth. Regulatory Support: Get assistance with GST registration, catalogue listings, and compliance, simplifying your procurement process. By combining WareIQ’s solutions with effective sourcing and procurement, Indian businesses can optimise their supply chain, reduce costs, and deliver faster, whether in Pune, Chennai, or beyond. Summing Up Sourcing and procurement are like two sides of a coin, each essential to a thriving supply chain. Sourcing builds the foundation by finding reliable suppliers, while procurement ensures goods arrive on time and within budget. For Indian businesses, mastering these processes is key to staying competitive in a fast-moving market. By understanding the difference between sourcing and procurement, you can make informed decisions, cut costs, and build a supply chain that withstands India’s unique challenges. With partners like WareIQ, you can take efficiency to the next level, ensuring every order is fulfilled seamlessly and every customer leaves happy. So, go ahead—source smartly, procure wisely, and watch your business soar! Frequently Asked Questions on Sourcing vs Procurement What is the difference between procurement and sourcing?Sourcing involves finding and selecting suppliers, while procurement is the broader process of acquiring goods or services, including sourcing, purchasing, and delivery management.Which comes first: sourcing or procurement?Sourcing comes first, as it identifies and contracts suppliers before procurement handles ordering and delivery.What is the difference between sourcing and procurement strategy?A sourcing strategy focuses on creating a cost-effective supplier network, while a procurement strategy optimises the entire acquisition process, including purchasing and compliance.What is an example of sourcing and procurement?Sourcing is selecting a steel supplier for a construction firm in Mumbai, while procurement includes ordering the steel, tracking its delivery, and processing payment.

June 13, 2025

How to Become an IndiaMART Seller: A Simple Step-by-Step Guide

How to Become an IndiaMART Seller: A Simple Step-by-Step Guide

The e-commerce landscape in India has seen an upward trend, especially in the last decade. As per an EY report, 75% of Indians prefer shopping online to physically visiting the stores. With the growing number of e-commerce platforms and the amount of discounts available when shopping online, the number is increasing at a steady rate. Regarding the e-commerce industry in India, IndiaMART is one of the key players. IndiaMART is the leading B2B marketplace online. As of January 2025, there are 82 lakh sellers and more than 20.6 crore buyers. Hence, IndiaMART is a great e-commerce platform for growing your business online.  In this article, we will understand what makes IndiaMART the best online marketplace and how you can become an IndiaMART seller with simple and quick steps. IndiaMART: Company Overview IndiaMART is one of the largest e-commerce marketplaces that provides a one-stop solution for all business needs. The platform has products from 56+ industries. There are more than 11 crore products on the platform, ranging from building construction materials to electronics, pharmaceutical drugs, and many more. By becoming sellers on IndiaMART, businesses can reach a vast audience and enhance brand visibility. Due to the massive number of suppliers selling almost all types of products on the platform, IndiaMART's annual revenue in 2024 was around 12 billion INR. The website offers everything a customer could want. For some products, customers can also check the prices of wholesalers, retailers, and manufacturers. The website also provides supplier numbers for retailers or wholesalers who wish to buy in bulk. Customers who want to order in bulk can also contact the supplier to request a quote. Small businesses get the opportunity to grow exponentially by buying from trustworthy suppliers. Moreover, the website is user-friendly, making it easy to browse and check various aspects of a product. Scaling your business with zero commissions or transaction fees is possible with IndiaMART. The platform also allows you to manage your business better with lead management systems and other essential tools for sellers. So, whether you are a manufacturer or retailer, IndiaMART is one of the best platforms for growing your business online since more than 100 million users trust it. How to Become an IndiaMART Seller: Simple and Easy to Follow Guide IndiaMART registration is free and can be completed in just a few steps. Below is an easy guide to help you become an IndiaMART seller in minutes. Step 1: Visit the IndiaMART seller portal. Once you reach the website, you will see the free registration/sign-in option. Enter your phone number and click on “start selling”. However, ensuring that the number you enter is linked with the company registration is necessary. Step 2: You will receive an OTP on your mobile number. Enter the OTP in the required space. Step 3: Add your business details, like your name, business name, or company name, and email. Now, click on “verify email”. Once you do so, you will receive a verification link in your email. Open your email and click on the link to verify. You can also verify your email later. Step 4: Add your products. You must mention the product category you would like to sell. You can add two or more products and their images and click "continue". Step 5: Enter the business address. Fill in the PIN code, city, and state, then click "continue". Step 6: Next, you need to add your GST number. If you don't have a GST number, select other options from the list and click "Start Selling". Your account has now been created, and your profile is complete. You will now be redirected to any IndiaMART seller dashboard where you can add more products. You can access the IndiaMART dashboard through the seller portal on your desktop or laptop or use the IndiaMART Seller Login on the IndiaMART app. Note: It can take seven days for your products to appear in the listing. How to Sell on IndiaMART? To start selling on IndiaMART, you can simply log into your IndiaMART Seller Account with your number and OTP and follow the steps below: Step 1: On the left side of the page, click on products.  Step 2: Enter product details like the detailed description, name, dimensions, etc. Step 3: Upload high-quality product images. If possible, you can also upload product videos. Step 4: Review the listing and click on Finish to complete. Your products will now be added. To achieve the best results, make sure to check the dashboard to check new enquiries and orders. How to Get More Sales on IndiaMART Seller Account? To scale your business, you can opt for the premium services IndiaMART provides to its sellers. The free listings are sufficient to get sales; however, to boost your visibility significantly, premium services are what you need. Below is the list of some of the premium services that can help you to maximise your profits and get more sales: Get the Star Supplier Package: This paid package enhances your prominence on the website. It will increase your visibility, leading to more enquiries and orders. Get TrustSEAL Verification: A third-party verification that adds a badge to your profile. The badge creates confidence in retailers and customers when they come across your products. Get Maximiser Service: This service by IndiaMART provides a personal domain to businesses that offer a professional online identity. Companies can get 360° visibility and attract new buyers. Get IndiaMART Mini Dynamic Catalogue (MDC) service: This enables IndiaMART sellers to construct an online catalogue. It allows vendors to showcase their products in an eye-catching and dynamic way that is more appealing to customers. Get IndiaMART Verified Exporter Service: This service gives businesses exclusive access to international leads. Verified exporters are also given a special badge on profiles that reflect their identity and reliability to global buyers. Also check - How to Sell on Blinkit and How to become meesho seller Achieve Better Sales With Extraordinary E-commerce Solutions From WareIQ  WareIQ is a Y-Combinator-backed eCommerce full-stack platform offering multi-channel fulfillment across D2C, Marketplaces, Quick Commerce, and B2B (General Trade & Modern Trade) Our solution offers: Pan-India network of Seller Flex & FAssured compliant across 12+ cities operated by WareIQ and shipping partners for last-mile delivery across 27000+ pin codes Multi-Channel Fulfillment Platform with plug-and-play integrations across marketplaces (Amazon, Flipkart, Myntra, Nykaa, etc.), D2C platforms (Shopify, Magento, Woocommerce, etc.), WMS, and ERPs to support fulfilment across distributors, flagship stores and eCommerce channels with analytics capabilities to assess operational performance Inventory LogIQ: AI-led multi-channel inventory planning solution to minimise stockouts and automate replenishment Leverage the tech-enabled returns QC solution to capture, centrally store, and auto-index HD media evidence of damaged or missing returned products and eliminate marketplace claims rejections. A host of seller enablement and support – dedicated account manager, APOB/PPOB registrations, GST registration, NDR & COD verification, etc. Conclusion IndiaMART is not just any other e-commerce platform where sellers can sell their products. It offers so much more to the sellers as well as the buyers. With more than 20.6 crore customers on the platform who can choose from various products across different industries, it offers a lot of potential to businesses looking to switch to online selling. Registering as an IndiaMART seller is extremely simple. Users can use their IndiaMART seller login to log into their account and start selling. Apart from the free registration and listings, sellers can also opt for paid services that give them a competitive edge over other sellers and get more customers and increase profits considerably. Related - How To Sell On Myntra FAQs About Becoming an IndiaMART Seller How many free sellers are registered on IndiaMART?There are about 7.5 million free sellers registered on IndiaMART.What are the requirements for becoming an IndiaMART seller?To successfully register on IndiaMART as a seller, businesses need a valid business name and address, GST number, PAN card, bank details, and mobile number.What kind of products can be sold on IndiaMART?Sellers can select from a wide range of products. It can range from consumer products to industrial goods, machinery, textiles, and more.How can a seller handle customer enquiries?Sellers can reply to customer enquiries via the IndiaMART seller panel or the mobile application.Does IndiaMART allow selling internationally?Yes, selling internationally is possible with IndiaMART.

June 12, 2025

Blue Dart Courier Charges: Comprehensive Guide to Shipping Rates and Fees

Blue Dart Courier Charges: Comprehensive Guide to Shipping Rates and Fees

Getting efficient and reliable courier service has become essential for businesses and individuals. According to 2024 records, the domestic Courier Express and Parcel (CEP) market in India has a market share of 60%. Among the different courier service providers, Blue Dart is one of the leading and most prominent in the industry. Blue Dart Express Ltd. is South Asia's premium express air and integrated transportation company.  This article will examine Blue Dart courier charges, shipping rates, and fees for different services. Blue Dart Express Limited: Company Overview Blue Dart started its operations in 1983 and has grown ever since. The company offers reliable delivery to more than 55,400 locations within India. Blue Dart is the ultimate choice for many businesses' shipping requirements due to its customer-centric approach. BlueDart Courier is part of the DHL Group's DHL eCommerce division. In addition to domestic shipping services, Blue Dart offers comprehensive express and logistic services in over 220 countries. The company's primary services include air express, freight forwarding, customs clearance, supply chain solutions, and more. According to the most recent records, Blue Dart has a market cap of ₹14,251.12 Cr. Blue Dart Express is the only express carrier in the country that offers all services, from document to charter load shipments. Its net service level is 99.96%. Services Offered by Blue Dart Blue Dart Courier offers many shipping and logistics services, which are explained below. Domestic Priority Blue Dart prioritises their customer's time to ensure that the shipments are delivered as a priority. The domestic priority service is designed for time-critical business. Therefore, companies can gain a competitive edge with fast delivery services. The benefits of these services are as follows: Real-time tracking Pan India delivery Free pick up from any location Free computerised proof of delivery Regulatory clearances Three services under Domestic Priority are Domestic Priority 1030, Domestic Priority 1200, and Critical Express. Dart Apex This service is primarily for shipments that weigh 10 kg and above. Blue Dart provides the fastest and most efficient delivery service for commercial shipments, which are time-bound and require regulatory clearances. The benefits of the service are as follows: DOD (Demand Draft on Delivery) COD (Cash on Delivery) Wide Market Reach FOD (Freight on Delivery) FOV (Freight on Value) - Insurance Arrangement Single-window clearance Real-time Information Free Proof of Delivery on Demand Time-Definite Delivery Faster, Affordable and Flexible Dart Surfaceline Dart Surfaceline is a highly affordable ground distribution service. It is provided in more than 55,400+ locations for consignments that weigh 10 kgs and more. This is a very cost-effective logistics method for comparatively less time-sensitive shipments. Some of the benefits of the services are as follows: COD (Cash on Delivery) FOD (Freight on Delivery) FOV (Freight on Value)-Insurance Arrangement DOD (Demand Draft on Delivery) Shipment Tracking Regulatory Clearances Pick-up Convenience Secure Shipments Time-bound Delivery Bharat Dart Bharat Dart is a highly affordable speed-tracking solution. The service is faster than the traditional Dart surfaceline service. It offers a definite-day delivery service. The benefits of the service are as follows: Tracking of shipments Time-Bound Delivery Easy payment options Faster and Flexible Airport to Airport This service is an air freight service that is available on flights operated by Blue Dart Aviation. This is available on flights connecting Kolkata, Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Ahmedabad airports. The benefits of the services are as follows: Late Night Cut-off & Early Morning Deliveries No Cooling-Period Charters Blue Dart Aviation is the domestic express airline by Blue Dart, whose in-house ground handling and maintenance team is available to support the operations. Charters are operated only on an ad-hoc basis. It is commonly used when the delivery of sensitive equipment is required. Smart Box There are two types of Smart Box services: Smart Box – Air Express and Smart Box – Ground Express. These services are affordable and convenient and provide delivery service within India. The benefits of this service are as follows: Speedy Delivery Free pick-up Real-time Tracking Regulatory Clearances Proof of Delivery Trouble Free Service Wide Market Reach Express Pallet It is a specialised wood-free palletised packing that can accommodate shipments of any size. It is flexible, convenient, and very affordable. The benefits of the services are as follows: Strong and durable packaging Packaging range Shrink-wrapped Easy Handling Real-time Tracking Weather Resistant Material International Services Blue Dart also provides international services, such as DHL Express Worldwide (DOC), Express Easy Box 8, Express Easy Box, and DHL Express Worldwide (NON-DOC). Below are some of the benefits of this service: Cost-effective Real-time Tracking Customs Clearance Expertise Convenient Temperature Controlled Logistics (TCL) Blue Dart also provides superior temperature control solutions for varied business needs. The temperature control solution ensures that a consignment is in ambient conditions. Precise temperatures are maintained, ranging from 20°C to 28°C and 15°C to 25°C during transportation. Blue Dart Courier Charges The Blue Dart shipping charges depend on different factors such as the weight, the destination and the type of courier service. Below is a detailed list of Blue Dart domestic courier charges per kg: Blue Dart Domestic Courier Charges  Weight (Kg)Domestic Priority (Rs.)Dart Apex (Rs.)Dart Surfaceline (Rs.)0.515013080115013080222520015054003502501065055040020100085060030135011508004017001450100050205017501200 Blue Dart Charges - International Courier Charges Weight Category (kg)Up to 0.50.51 – 11.1 – 55.1 – 1010.1 – 2020.1 – 3030.1 – 50Dart Apex (Estimated Cost per kg)₹ 2,500 – ₹ 3,500₹ 2,000 – ₹ 3,000₹ 1,500 – ₹ 2,500₹ 1,200 – ₹ 2,000₹ 1,000 – ₹ 1,500₹ 800 – ₹ 1,200₹ 600 – ₹ 800Dart Express (Estimated Cost per kg)₹ 1,500 – ₹ 2,500₹ 1,200 – ₹ 2,200₹ 1,000 – ₹ 1,800₹ 800 – ₹ 1,500₹ 600 – ₹ 1,200₹ 500 – ₹ 1,000₹ 400 – ₹ 800Dart Economy (Estimated Cost per kg)₹ 1,000 – ₹ 1,500₹ 800 – ₹ 1,200₹ 600 – ₹ 1,000₹ 400 – ₹ 800₹ 300 – ₹ 600₹ 200 – ₹ 400₹ 150 – ₹ 300 Ship Faster and Smarter With WareIQ's Smart Shipping Solutions WareIQ's smart shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Related tread - Trackon Courier Charges Conclusion Blue Dart Courier has become the top choice for businesses and individuals looking for fast, reliable, cost-effective shipping methods. Blue Dart offers competitive pricing no matter which service businesses opt for. It is necessary to understand Blue Dart courier charges so that they can decide on the exemplary service that meets their requirements. Each service has unique benefits that businesses can leverage, so whether they need domestic or international shipping, Blue Dart has it covered. Also check - DTDC Courier Charges FAQs About Blue Dart Courier Charges How does Blue Dart calculate courier charges?Blue Dart calculates courier charges based on the actual weight or volumetric weight, whichever is higher.What factors affect the courier charges?Factors that can majorly affect shipping cost are the weight and dimension of the package, the destination, the type of service selected and any additional service that is chosen.How can I get an estimated shipping cost with Blue Dart?You can visit the Blue website and use the Blue Dart price finder. You can enter details such as the origin, destination, weight, and package dimensions to get an estimated shipping cost.Does Blue Dart offer COD services?Yes, Blue Dart offers COD services where the recipient has to pay for the parcel only upon delivery.Does Blue Dart offer any discount on bulk shipments?Blue Dart offers corporate pricing and also shipping discounts when it involves huge shipments. However, businesses must contact Blue Dart to learn about the discounts.

June 11, 2025

Difference Between Speed Post and Courier

Difference Between Speed Post and Courier

Sending something from one place to another has been going on for generations, whether for business or personal use. Given the advancements that we have seen in recent decades, the courier delivery service has seen exponential growth. Since there are many courier service providers, it becomes challenging to understand which one you should choose for your business or e-commerce purpose. This article examines these courier service providers and the key difference between Speed Post and courier services. The courier, express, and parcel (CEP) market in India was estimated to deliver 4.4 billion packages in 2023, and it is further estimated to deliver about 5.2 billion packages. In India, businesses usually have two of the most common options: Speed Post and other courier services. While they are fundamentally the same, they differ regarding the delivery timelines, locations they cover, and other features. To understand the difference between courier and Speed Post, it is necessary to first understand them individually. Overview of Speed Post Speed Post is a government-operated courier service provider. It is a high-speed postal service operated by India Post, which is one of the largest postal networks offering services worldwide. As of 2023, India Post had more than 154,000 post offices. Speed Post is one of the most reliable options for delivering different types of couriers, such as letters, documents, and national and international packages.  One of the reasons why it is the most preferred form of courier service is its extensive reach. Speed Post delivers not only in urban areas but also in remote areas. Another factor that makes Speed Post one of the top choices for courier delivery is the delivery timeline. Delivery is between 1 to 3 days (depending on destination). However, international deliveries take longer, about 7 to 15 days. Overview of Courier Services Courier services generally refer to private companies that deliver documents, parcels, and packages. These privately owned companies offer speed and reliability of parcel delivery and offer many additional features, such as real-time tracking, customised delivery options, and door-to-door pick-up, which makes them a popular choice. DHL, FedEx, Blue Dart, and DTDC are the most popular courier services. Although these privately owned providers offer coverage to almost all locations, they might be limited to highly remote locations. Meanwhile, their delivery timelines are much faster than those of Speed Post. They offer same-day or even next-day delivery options. Considering the features, the cost of courier delivery via a privately owned service is more than that of Speed Post. Another factor that makes private courier services a popular choice is the international delivery timelines. They provide deliveries in 3 to 7 days with additional services, including customs clearance. What Is the Difference Between Speed Post and Courier Below is a detailed table that explains the difference between Speed Post and courier services: Comparison AspectSpeed postCourier ServicesOperated bySpeed Post is a government-owned postal service provider that is operated by India Post.Privately owned courier services are owned by different companies like DHL, Blue Dart, First Flight Courier Limited and many more.ReachSpeed Post offers its services to domestic and international locations. For domestic speed, the postal service covers rural areas and remote areas too.The location that privately owned courier services can deliver to depends from company to company. However, privately owned courier services might not be available at highly remote locations compared to Speed Post.Services offeredSpeed Post offers different services, such as Speed Post Domestic, Speed Post International, Speed Post Express, and Speed Post Business.Courier services offered by private courier services differ from one provider to another. However, some standard features are same-day delivery, next-day delivery or next-day express delivery, standard delivery, and customised handling services.Delivery timelinesSpeed Post offers courier delivery in 1 to 3 days. Privately owned courier services offer faster delivery. However, the delivery timelines depend on the service that the customer picks. It can range from next-day delivery to standard delivery of 3 to 4 days.Shipping formalitiesSpeed Post has specific prerequisites. Customers must fill out shipping forms, attach shipping labels, and provide customs documents for international shipping.Private courier services offer versatile options, and no documents are required. However, this will differ from one provider to another. Some courier service providers just need you to hand over the package and make the payment, and the rest is taken care of.PackagingSpeed Post provides packaging materials to customers, depending upon the parcel's dimensions.Some courier service providers require customers to get packaging on their own, while some might offer packaging materials and packing service at an extra cost.PricingSpeed Post pricing is usually standard across the nation. It varies depending on the destination and the weight of the parcel. It is usually pocket friendly.The prices vary from one courier service provider to another. They also depend on the destination, the dimensions of the parcel, and the extra services a customer purchases.TrackingCustomers can visit the India Post website to track the Speed Post package and use the tracking ID number to track the parcel.Tracking a courier from a privately owned courier service provider can also be done on their website and mobile applications. Some providers also offer real-time updates via text messages and emails.Service AvailabilityServices by Speed Post are available almost on all days, except public holidays in some cities.Private courier service providers of their services, 24x7, even on public holidays and SundaysCustomer SupportSpeed Post offers basic customer supportPrivately owned courier service providers offer excellent customer support. Get Faster, Affordable, and Seamless Shipping Services From WareIQ WareIQ's innovative shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs, and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Related read - Best Domestic Courier Services in India Conclusion Speed Post and other courier services deliver documents and parcels from one location to another. The primary difference between courier and Speed Post is that courier services are privately owned companies, while Speed Post is a government-owned delivery service provider. Speed Post is a reliable delivery option, especially for businesses and individuals shipping items to remote locations. While courier services are better regarding delivery speed, the cost is also slightly higher than Speed Post. Whether you choose speed post or courier services, you should consider all factors, such as destination, budget, urgency, and the type of parcels being shipped. Understanding the Difference Between Speed Post and Courier will help businesses and individuals to make the most of the services at affordable rates. Suggested - How to Courier a Parcel: A Step-by-Step Guide FAQs About Difference Between Speed Post and Courier Is Speed Post reliable for sensitive documents?It is highly reliable for sensitive documents, especially when sending them to remote areas.Which one is faster, Speed Post or courier services?Courier services are comparatively faster than Speed Post.How can I track a Speed Post shipment?You can track a shipment sent via Speed Post by going to the Speed Post website and using the tracking ID number.Can I ship heavy packages with Speed Post?Yes, Speed Post can deliver packages up to 35 kg. Private courier service providers, on the other hand, offer much more scalability.Which courier service is best for an e-commerce business?Regarding e-commerce business, privately owned courier service providers are better, as they offer faster delivery and real-time tracking.

June 10, 2025

Trackon Courier Charges: A Quick Guide to Affordable Shipping

Trackon Courier Charges: A Quick Guide to Affordable Shipping

There has been an upward trend in the Indian courier, express and parcel (CEP) market. According to a recent study, almost 8.8 million parcels are shipped daily within India. Among the many courier service providers in India, Trackon Couriers have been in the market for more than two decades and hold immense experience in the logistics industry. Trackon Couriers has become one of the top choices due to the different shipping services that it offers at affordable rates. In this article, we will talk about Trackon courier charges and the different services that it provides. Trackon Couriers Overview  Trackon was started in 2001, and since then, it has been one of the most trustworthy, reliable, and accessible courier services in the country. With over 6500 franchisee stores in India, Trackon couriers handle more than 2 lakh daily shipments.  Trackon provides both domestic and international shipping services. They offer a wide range of new-age logistics solutions for all shipping needs. Their customer-focused strategy ensures that the customer is always satisfied. Customers can surely get competitive rates and speed delivery, whether it is documents or parcels. Covering more than 17,000+ pin codes, you can get parcel delivery with real-time tracking at nominal delivery rates. Services Offered by Trackon Couriers Prime Track 37% of consumers prefer the next-day delivery option, and Trackon provides next-day/two-day delivery with Prime Track service. Great for urgent shipments of documents and time-sensitive parcels. Express Standard Express standard provides delivery of documents and parcels via air, rail and road modes of transportation. The rates are highly economical and best suited for immediate logistics needs. Road Express Cargo Great for heavy B2B consignments, Road Express Cargo gives an affordable delivery solution. Special material handling and professional pick-up services are among the best options for businesses with huge shipments. Air Express Cargo Shipments that are above 100 kg are shipped via air. Trackon ensures pan-India air delivery service for such shipments. This is great for high-volume shipments that businesses want to ship faster. ToPay Service To provide flexibility in payment arrangements, the ToPay facility allows contractual customers to have charges collected directly by the consignee (receiver) and not the consignor (sender). Reverse Pick-up Solutions Trackon offers their customers hassle-free reverse logistics. Customers can now arrange pick-ups across the country without any delays. It helps in streamlining the return process. Cash on Delivery (COD) As per a survey by Rakuten Insight, about 62% of consumers prefer the cash-on-delivery (COD) option. Trackon offers COD service for corporate and credit customers. It helps businesses to retain customers even if they select the COD option. The COD option and ToPay are convenient for collecting the payment from the consignee when the shipment is delivered. Risk Cover and Surcharge 65% of consumers prefer insurance while shipping. Trackon Couriers also provides a risk surcharge option, which offers comprehensive insurance coverage in case the shipment is lost or damaged. To avail of this service, a 2% non-refundable risk surcharge will be applicable on the invoice value. In case of an existing insurance, a surcharge of 0.2% of the invoice value is applicable for facilitating the Certificate of Facts (COF) while claiming the insurance.  Related read - Courier Charges in India Per Kg Trackon Couriers Pricing Structure The Trackon courier charges are based on different factors. Apart from the weight of the material being the primary factor, the region and the service levels also play a crucial role in the Trackon courier rate list. Below is the region-wise Trackon courier charges per Kg RegionTrackon Courier Charges Per KgPrice Trackon (Normal North)Rs. 70Price Trackon (Normal Metro)Rs. 140Price Trackon (Normal Rest of India)Rs. 150Price Trackon (Prime North)Rs. 185 (125/0.5kg+60/0.5kg) The first 0.5 kg will be at a fixed price of Rs. 125, and then an additional 0.5 kg of Rs. 60 will be charged.Price Trackon (Prime South)Rs. 240 (150/0.5kg+90/0.5kg)The first 0.5 kg will be at a fixed price of Rs. 150, and then for every additional 0.5 kg, Rs. 90 will be charged.Price Trackon (Prime National)Rs. 295 (175/0.5kg+120/0.5kg)The first 0.5 kg will be at a fixed price of Rs. 175; for every additional 0.5 kg, Rs. 120 will be charged.Price Trackon (Prime Jaipur)Rs. 115 (80/0.5kg+35/0.5kg)The first 0.5 kg will be at a fixed price of Rs. 80; for every additional 0.5 kg, Rs. 35 will be charged. Factors Affecting Trackon Courier Charges Several aspects can either increase or decrease Trackon courier charges. Below is a rundown of the factors that influence Trackon's courier pricing. Type of delivery: Expedited delivery will have higher courier charges compared to standard delivery. Distance: Shipping charges for longer distances are higher as the resources required for transportation increase.  Weight and size of the shipment: The shipment's weight and size will eventually determine the courier charges. Heavier shipments will require more resources for handling and will also have high shipping charges. Additional services: Opting for extra services like insurance and special deliveries will have additional charges. Destination: Depending upon the delivery location, the charges will also change. Remote locations will have higher charges, as they are difficult to reach and, at times, logistically challenging. Franchisee prices: If third-party services are used, the prices can vary too.  Offers and promotions: customers having a long-term relationship might stand to gain a discount on the shipment. Suggested - Types of Courier Services for eCommerce Businesses WareIQ Offers Fast and Reliable Shipping at Competitive Rates WareIQ's smart shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Related read - DTDC Courier Charges and Blue Dart Courier Charges Conclusion Since its inception, Trackon Couriers has become a well-known name that offers reliable and cost-effective shipping that is scalable to meet business needs. The shipping solutions are affordable yet promising. Whether you want to send out a small package or have a bulk shipment to be sent across the country, Trackon Couriers offers an array of solutions for all your needs. The pricing structure is quite economical. It varies depending on the weight of the shipment and the region to be shipped. Businesses can also avail themselves of value-added services like ToPay, COD, and Risk Surcharge, which can optimise logistics.  Also check - Difference Between Speed Post and Courier FAQs About Trackon Couriers What is the difference between Trackon regular and prime service?The regular service has standard delivery timelines at affordable rates. Conversely, prime service includes faster deliveries at a higher cost.Is cash on delivery (COD) service available with Trackon?Yes, trackon provides COD service for corporate and credit customers.Is it possible to track shipments in real-time?Yes, the Trackon courier tracking option is available on their website, where you can enter the consignment number to check the shipment status in real-time.Does Trackon deliver internationally?Although Trackon primarily provides domestic shipping, some franchisee partners may also offer international courier service.On what basis does Trackon calculate courier charges?Trackon calculates courier charges depending on factors such as the actual or volumetric weight of the package (whichever is higher), the delivery location, the type of shipping service, and any extra services selected.

June 09, 2025

Top 10 Products to Export From India [2025]

Top 10 Products to Export From India [2025]

India has solidified its position as a global export leader, offering a diverse range of products that cater to international markets. In 2025, India's top 10 products to export from india span various industries, reflecting the country's robust manufacturing and agricultural sectors.  This article delves into these products, providing insights into their export performance and potential. List of Products Exported from India The top export items from India in 2025 are as follows: 1. Engineering Goods Engineering goods have consistently been among the most exported products from India. This category encompasses a wide array of items, including industrial machinery, automobiles, and auto components. Automobiles and Auto Components: In the first seven months of the fiscal year 2024-2025 (April to October 2024), India's exports of engineering goods reached USD 67.48 billion, marking a 9.73% increase from the same period in the previous year.Notably, auto components and parts experienced an 8.98% growth, with exports rising from USD 4.41 billion to USD 4.81 billion. Industrial Machinery: India's manufacturing prowess has positioned it as a key exporter in this segment. The country's engineering sector benefits from a skilled workforce and competitive production costs, making its machinery highly sought after globally. 2. Electronic Goods The electronics sector has seen remarkable growth, becoming one of India's top exports. Smartphones: India's smartphone exports reached USD 15.5 billion in the fiscal year 2023-2024. Between April and October 2024, exports were USD 10.68 billion, a 36.85% increase from the same period the previous year.  Solar Photovoltaic (PV) Cells: The Solar PV sector has emerged as a leading sector from the energy transition perspective in recent times. In 2022-2023, exports were USD 1.03 billion, which almost doubled to USD 2.02 billion in 2023-2024.India's global rank and share in Solar PV exports have improved significantly, rising from 18th place with a 0.4% share in 2013 to 6th place with a 2.5% share in 2023. 3. Pharmaceutical Products India's pharmaceutical industry, often dubbed the "pharmacy of the world," plays a crucial role in global healthcare. Generic Medicines: Between April and October 2024, pharmaceutical exports stood at USD 17.05 billion, reflecting an 8% growth from the previous year. Vaccines and Biologics: India is a significant supplier of vaccines and biologics, contributing to global health initiatives and immunization programs. 4. Gems and Jewellery The gems and jewellery sector is a cornerstone of India's export economy. Diamonds and Precious Stones: India is one of the largest exporters of gems and jewellery in the world, exporting goods worth over $35 billion per year. Gold and Silver Jewellery: Indian artisans are renowned for crafting intricate gold and silver jewellery, which is in high demand in markets like the Middle East, USA, and Asia. 5. Textiles and Apparel The textile industry is integral to India's economy, providing employment to millions and contributing significantly to exports. Ready-Made Garments (RMG): Exports of RMG of all textiles were USD 8.73 billion between April and October 2024, an 11.59% increase from the previous year. Handloom and Cotton Yarns: India's rich tradition in handloom products and cotton yarns makes it a preferred supplier for quality textiles worldwide. 6. Organic and Inorganic Chemicals The chemical industry in India has shown robust growth, with exports spanning various chemical products. Organic Chemicals: India exports a wide range of organic chemicals used in industries like pharmaceuticals, agriculture, and textiles. Inorganic Chemicals: These include products like acids, alkalis, and salts, which are essential for various industrial processes globally. 7. Leather and Leather Products India's leather industry is known for its quality and craftsmanship. Footwear: India exports nearly 95% of its annual leather production worth $5.3 billion, with footwear being a significant contributor. Accessories: Products like bags, wallets, and belts crafted from Indian leather are highly sought after in international markets. 8. Agricultural Products India's diverse climate allows for the cultivation of a variety of agricultural products. Cereals: India is a major exporter of cereals like rice and wheat, catering to markets in Asia, Africa, and the Middle East. Organic Foods: With the global shift towards healthy eating, India's organic fruits, vegetables, and grains have found a growing market overseas. 9. Handicrafts India's rich cultural heritage is reflected in its handicraft exports. Woodware and Artmetal Ware: Intricately designed wooden and metal crafts are popular in markets across Europe and North America. Handmade Textiles and Carpets: Traditional Indian textiles and carpets are valued for their craftsmanship and quality. 10. Petroleum Products India's refining capacity enables it to export various petroleum products. Refined Petroleum: India exports refined petroleum products to countries across Asia and Africa, contributing significantly to its export earnings. Petrochemicals: These are used as raw materials in industries like plastics, textiles, and pharmaceuticals globally. 11. Spices and Condiments India is the world’s largest producer and exporter of spices, supplying premium-quality spices to global markets. Chilli, Turmeric, and Cumin: Major importers include the US, China, and European countries. Processed Spice Blends: Ready-to-use spice mixes are gaining popularity in international markets. 12. Marine Products India ranks among the top exporters of seafood, catering to demand from the US, Japan, and Southeast Asia. Shrimp and Prawns: India exported $7.38 billion worth of marine products in 2023-2024. Fish and Other Seafood: Fresh and frozen seafood are widely exported worldwide. 13. Furniture and Wood Products The demand for Indian furniture and wood-based products is rising due to their durability and craftsmanship. Handcrafted Wooden Furniture: Exported mainly to the US, Europe, and the Middle East. Plywood and Veneers: Essential for construction and interior decor industries. Also check - Product Sourcing WareIQ: Redefining E-Commerce Fulfilment Regarding multi-channel fulfilment solutions, WareIQ stands out as a trusted partner for businesses of all sizes. Y-Combinator-backed eCommerce full-stack platform offering multi-channel fulfilment across D2C, Marketplaces, Quick Commerce, and B2B (General Trade & Modern Trade). Why Choose WareIQ? Pan-India Network: We operate a vast network of Seller Flex and FAssured complaint centres in over 12 cities, ensuring efficient last-mile delivery across more than 27,000 pin codes. Multi-Channel Fulfilment Platform: With plug-and-play integrations for major marketplaces like Amazon, Flipkart, and Myntra and D2C platforms such as Shopify and Magento, our platform supports seamless fulfilment across distributors and flagship stores. Advanced analytics capabilities help assess operational performance effectively. AI-Led Inventory Management: Our Inventory LogIQ solution minimises stockouts and automates replenishment, ensuring optimal inventory levels. Tech-Enabled Returns Management: We provide a sophisticated returns quality control solution that captures and stores media evidence of returned products, helping eliminate marketplace claim rejections. Comprehensive Seller Support: Benefit from dedicated account management, assistance with APOB/PPOB registrations, GST registration, and verification processes for NDR & COD. For businesses looking to scale their operations and enhance customer satisfaction, WareIQ offers a reliable, tech-driven solution. Learn more at WareIQ’s website. Also read - 10 Best Tips to Write Better Product Descriptions and Increase Online Conversions Summing Up India’s export sector continues to thrive, driven by diverse industries ranging from pharmaceuticals and engineering goods to textiles and petroleum products. The top 10 products to export from India offer significant growth opportunities for businesses looking to expand into international markets.  With government initiatives such as PLI schemes and trade agreements, Indian exporters are well-positioned for success in 2025 and beyond. By leveraging logistics and fulfilment solutions like WareIQ, businesses can optimise their supply chains and enhance global trade operations. Suggested read - Effective Inventory Management with Product SKUs FAQs about Top 10 Products to Export from India What are the top 10 products to export from India in 2025?India exports a diverse range of products, including engineering goods, pharmaceuticals, textiles, electronic items, gems and jewellery, petroleum products, agricultural products, handicrafts, leather goods, and chemicals. These industries drive India's global trade growth.Which country imports the most from India's top 10 products to export from India?The United States, United Arab Emirates, China, United Kingdom, and Germany are among the biggest importers of India’s top export products, including pharmaceuticals, textiles, and engineering goods.How can I start exporting the top 10 products to export from India?To start exporting, register your business with the DGFT (Directorate General of Foreign Trade), obtain an Import Export Code (IEC), and follow export compliance. Partnering with logistics providers like WareIQ can streamline fulfilment.What is the highest export from India in recent years?Engineering goods hold the top spot among India's highest export categories, contributing over $100 billion annually. Pharmaceuticals, petroleum products, and textiles also rank among the most exported products from India.What factors influence the top 10 products to export from India?Government policies, global demand, trade agreements, and exchange rates impact the success of India’s top export items. Incentives like PLI schemes and improved logistics networks further boost exports.

June 06, 2025

DTDC Courier Charges: A Complete Guide to Shipping Costs

DTDC Courier Charges: A Complete Guide to Shipping Costs

DTDC courier charges play a crucial role in determining the cost-effectiveness of shipping for businesses. As one of India's leading logistics providers, DTDC offers various courier services tailored to different needs, with pricing influenced by factors such as weight, destination, and service type.  Understanding DTDC courier charges helps businesses optimise their shipping expenses and select the best service for their requirements. This comprehensive guide will explore DTDC courier charges and help you decide which is the right shipping service for your business. So, let’s get started! Overview of DTDC Services DTDC caters to B2B and B2C shipping needs across 14,300+ pin codes in India and 220+ international locations, making it one of the most widely used courier services. The company offers a range of service levels, from economical to express delivery options, ensuring businesses of all sizes find a suitable shipping solution.  With a robust infrastructure of 16,500+ channel partners and 570 operating facilities, the company processes approximately 170 million parcels annually. By evaluating DTDC parcel charges, businesses can streamline logistics, enhance delivery efficiency, and keep costs under control. Key DTDC Services DTDC provides multiple service categories tailored for different business requirements: DTDC Lite: Cost-effective shipping solution for non-urgent shipments. DTDC Plus: Premium service with guaranteed fast delivery for critical shipments. DTDC Blue: Mid-tier service offering a balance of affordability and speed. DTDC Prime: Ultra-fast express service ensures rapid delivery of urgent packages. DTDC International Services: Reliable cross-border shipping to 220+ countries with customs clearance assistance. These services cater to diverse logistics needs, from eCommerce fulfilment to corporate deliveries, providing businesses with flexible shipping options. Factors Affecting DTDC Courier Charges Several factors impact DTDC courier price structures, including: Weight and Dimensions: DTDC calculates shipping costs based on either the actual weight or the volumetric weight, whichever is higher. The volumetric weight is determined using: (Length x Breadth x Height in cm) / 5000 (for air express and international shipping) (Length x Breadth x Height in cm) / 4750 (for surface shipping) Larger packages attract higher rates, especially for express and international deliveries. Destination: Charges vary based on the shipping distance, whether local, intrastate, interstate, or international. Remote locations may incur additional surcharges due to limited transport accessibility. Service Type: The shipping speed and priority level impact costs: Express services like DTDC Plus and DTDC Prime are costlier but offer faster delivery. Standard services like DTDC Lite are economical but have longer delivery timelines. Additional Services: Charges may increase for value-added services like insurance, Cash on Delivery (COD), and special handling. Fragile items, temperature-sensitive goods, and oversized shipments may have special surcharges. DTDC Domestic Courier Charges DTDC parcel charges for domestic shipments depend on weight, service type, and destination. Below is an estimated rate guide: Service TypeWithin the Same City (500g)Interstate (1kg)DTDC Lite₹40 – ₹100₹200 – ₹500DTDC Plus₹60 – ₹150₹250 – ₹600DTDC Prime₹80 – ₹250₹300 – ₹750 Note: These rates are approximate and subject to change based on specific shipping routes and extra services. DTDC International Courier Charges International shipping rates depend on factors like destination country, package weight, customs duties, and applicable taxes. DTDC offers express and economy options for international shipments, with pricing varying significantly by country. To get the most accurate pricing, it's advisable to consult the DTDC rate chart or contact customer support directly. (DTDC International Shipping) How to Calculate DTDC Charges per Kg? To determine how much DTDC charges per kg, follow these steps: Measure Package Dimensions: Calculate volumetric weight using the standard formula. Weigh the Package: Note the actual weight. Compare Weights: DTDC charges are based on the higher value between actual and volumetric weight. Refer to the Rate Chart: Find the applicable rate based on service type and destination. Include Additional Costs: Add insurance, COD, or other services if required. Let’s understand this with the help of an example: Example: Imagine a business needs to ship a parcel from Mumbai to Bangalore. The package has the following specifications: Actual Weight: 2 kg Dimensions: 30 cm x 20 cm x 10 cm Volumetric Weight Calculation: (30 x 20 x 10) / 5000 = 1.2 kg Chargeable Weight: Since the actual weight (2 kg) is higher than the volumetric weight (1.2 kg), DTDC will charge based on 2 kg. Note: In the volumetric weight calculation formula, 5000 is the divisor used for air express and international shipments to convert the package dimensions (in cubic centimetres) into kilograms. This standard divisor is set by courier companies to determine the chargeable weight of a package when its volumetric weight is higher than its actual weight. Related read - Domestic Courier Services in India and Blue Dart Courier Charges DTDC Rate Charts The DTDC rate chart provides a structured breakdown of courier costs by weight brackets, service type, and destination zones. Businesses can refer to DTDC’s official website or visit a local branch for updated pricing details. Sample DTDC Rate Chart (for reference only) Weight (kg)Local (₹)Zonal (₹)National (₹)0.540 – 10050 – 12060 – 1501.080 – 200100 – 250150 – 3002.0150 – 350180 – 400200 – 5005.0300 – 700350 – 800400 – 1000 Tips to Optimise DTDC Shipping Costs Businesses can reduce shipping expenses by: Negotiating Bulk Rates: Large-volume shipments often qualify for discounted rates. Businesses can save significantly by committing to high shipping volumes. Choosing the Right Service: Selecting the most cost-effective service for specific delivery needs ensures businesses balance cost and speed. Optimising Package Size: Reducing package dimensions to lower volumetric weight can help businesses minimise shipping costs. Reviewing Invoices Regularly: Checking for billing discrepancies and ensuring cost accuracy prevents overpayments and incorrect charges. Suggested - Courier Charges in India Per Kg and Trackon Courier Charges WareIQ: Redefining E-Commerce Fulfilment Regarding multi-channel fulfilment solutions, WareIQ stands out as a trusted partner for businesses of all sizes. Y-Combinator-backed eCommerce full-stack platform offering multi-channel fulfilment across D2C, Marketplaces, Quick Commerce, and B2B (General Trade & Modern Trade) Why Choose WareIQ? Pan-India Network: We operate a vast network of Seller Flex and FAssured complaint centres in over 12 cities, ensuring efficient last-mile delivery across more than 27,000 pin codes. Multi-Channel Fulfilment Platform: With plug-and-play integrations for major marketplaces like Amazon, Flipkart, and Myntra and D2C platforms such as Shopify and Magento, our platform supports seamless fulfilment across distributors and flagship stores. Advanced analytics capabilities help assess operational performance effectively. AI-Led Inventory Management: Our Inventory LogIQ solution minimises stockouts and automates replenishment, ensuring optimal inventory levels. Tech-Enabled Returns Management: We provide a sophisticated returns quality control solution that captures and stores media evidence of returned products, helping eliminate marketplace claim rejections. Comprehensive Seller Support: Benefit from dedicated account management, assistance with APOB/PPOB registrations, GST registration, and verification processes for NDR & COD. For businesses looking to scale their operations and enhance customer satisfaction, WareIQ offers a reliable, tech-driven solution. Learn more at WareIQ’s website. Suggested tool to Calculate Courier rate instantaly with DTDC Shipping Calculator Summing Up Understanding DTDC courier charges allows businesses to make informed decisions about shipping strategies and costs. By leveraging DTDC’s varied services, businesses can choose solutions tailored to their operational needs while optimising expenses.  Additionally, integrating with logistics partners like WareIQ ensures seamless fulfilment and last-mile delivery efficiency, enhancing the overall shipping experience. Also read - How to Courier a Parcel: A Step-by-Step Guide FAQs about DTDC Courier Charges What are the latest DTDC courier charges for domestic shipping?DTDC courier charges for domestic shipping vary based on weight, distance, and service type. Prices start from ₹40 for local deliveries and can go up to ₹1000+ for national shipments. For accurate rates, refer to the DTDC official website.How much does DTDC charge per kg for interstate shipping?The cost of DTDC courier charges per kg depends on the service type and destination. For standard deliveries, rates range from ₹100 to ₹500 per kg, while express services may cost more.Where can I find the DTDC courier rate chart for my location?The latest DTDC rate chart is available on the official DTDC website or at local DTDC branches. It provides details on pricing for different zones, including local, zonal, and national deliveries.What factors affect DTDC parcel charges for international shipments?DTDC parcel charges for international shipping depend on the destination country, package weight, customs duties, and selected service type. Express services cost more but offer faster delivery times.Does DTDC offer discounts on bulk courier shipments?Yes, businesses can negotiate DTDC courier charges for bulk shipments. Large-volume shippers often receive discounted rates and customised pricing based on their shipping frequency and destinations.

June 05, 2025

Proforma Invoice: Definition, Uses, and Its Role in International Trade

Proforma Invoice: Definition, Uses, and Its Role in International Trade

International trade being done on a large scale requires a lot of documentation throughout the whole process. One important document that plays a vital role in ensuring transparency between a buyer and a seller is the proforma invoice. A proforma invoice may sound like any other invoice that a seller issues to a buyer, but it is way different due to its nature and its role. In today's article, we will dive deeper into the definition of a proforma invoice, along with its uses and how it is different from other invoices. What Is a Proforma Invoice? A proforma invoice is basically an estimated invoice that a seller issues to the buyer. This invoice is issued to the buyer before the shipment of goods. Hence, it serves as a detailed quotation and helps to confirm the transaction as it outlines the terms, cost and other specifications.  However, contrary to a commercial invoice or a final invoice, a proforma invoice is not legally binding, and no payment is required after it is issued. To explain more simply, a proforma invoice is created by the seller to provide clarity and details about the transaction before making the deal final. This invoice helps both parties, the buyer and the seller, to be on the same page regarding every aspect of the trade. Key Features of a Proforma Invoice Not Legally Binding As there is no need to make payment, the proforma invoice is not legally enforceable. Hence, there are no legal consequences. The buyer does not make any payment after the pro forma invoices are issued; only final invoices require payment and have legal consequences.  Preliminary Document A proforma invoice is an initial plan laid out by the seller to the buyer. It contains information about the trade, such as the cost, the shipping requirement, product, prices, quantities, and the terms of delivery. It is merely a starting point of the negotiations where the legal parties are not bound to make any transaction. It helps in understanding expenses. A proforma invoice states the vital information about the goods from the sellers to the buyer. It helps the buyer determine the approximate cost that they will have to pay if the transaction goes further. Offers Customisation Commercial invoices or final invoices are final, and no changes can be made to them. However, a pro forma invoice is customisable, meaning that various aspects of the transaction can be adjusted to the buyer's requirements. It offers a standpoint for negotiation between the buyer and the seller. Different Uses of a Proforma Invoice Price Negotiation A proforma invoice document acts as an initial plan that is created by the seller and sent out to the buyer for confirmation. After reviewing the details mentioned in the quotation or a proforma invoice, the buyer can then decide to negotiate the price and other terms of trade before finalising the deal. Obtaining Export-Import Licenses When it comes to international trade, several countries require specific export licenses. As the proforma provides more exhaustive information about the type of goods that are to be shipped, it can help facilitate the approval of import or export licenses. Custom Clearance A proforma invoice has all the details that are necessary, and it can help the customs authorities estimate the shipment value. The prior estimation of the shipment value can help with smooth processing and pre-clearance. Financing and Insurance Since a pro forma invoice can provide detailed information and estimated freight charges, it can help the buyer arrange for financing. The details on the proforma can also help you get insurance, as they offer creditworthiness.  Ensures Mutual Agreement A seller can outline the transaction specifics in the proforma. If the buyer does not agree with any terms, they can be negotiated before creating the final invoice. This reduces the risk of dispute once that transaction is in motion. Also Read - Difference Between Consignor and Consignee and Certificate of Conformity in Global Trade Proforma Invoice vs Invoice: Key Differences A proforma invoice may sound similar to a standard invoice. However, they are different. Below are the key differences between commercial and proforma invoices. Comparison AspectProforma InvoiceCommercial InvoicePurposeThe purpose of a proforma invoice is to provide an estimate or a quotation to the buyerThe purpose of a commercial invoice is to raise the request for the payment of goods or servicesLegal statusA Proforma invoice is not a legally binding documentA commercial invoice is a legally binding documentTimingIt is issued before the transaction is finalIt is issued after the services are deliveredFinancial recordsProforma in-voice is not recorded in the accounting booksA commercial invoice is recorded in the financial accountingPaymentNo payment is requestedPayment is mandatoryUsesIt is used to obtain import export licence and for customs pre-clearanceIt is a must to get customs clearanceInformationA pro forma invoice contains details like the estimated cost and quantity of the goods to be transported along with the terms of sale, which is negotiableIt includes the actual cost of the goods and the finalised terms of sale Proforma Invoice vs Tax Invoice: Difference  A proforma invoice is significantly different from a tax invoice in multiple aspects. Below is the differentiation between proforma invoice and tax invoice: Comparison AspectProforma InvoiceTax InvoicePurposeThe purpose of a proforma invoice is to provide an estimate or a quotation to the buyerA tax invoice is a document that reflects the applicable taxesLegal statusIt cannot be used to claim input tax creditsIt is used for tax purposes and creditsTaxesIt may or may not include tax detailsThe applicable taxes are mentioned in detail Demystify Invoices and Their Implications with Smart Shipping Solutions by WareIQ WareIQ's smart shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Suggested - What is the Order to Cash Process in Logistics? Conclusion A proforma invoice is a necessary document that is required in both domestic and international trade. It helps facilitate trade negotiations and customs clearance. It is a point of negotiation for buyers and sellers, where sellers can put down their requisites, and buyers can negotiate the terms that they are comfortable with. Exporters need to understand how to create an accurate pro forma invoice so that they can build trust with buyers and ensure smooth transactions.  Also check - FCA vs FOB: Key Differences in Shipping Terms FAQs About Proforma Invoice Who creates a proforma invoice?The proforma invoice is created by the seller including details about the trade, such as the cost and quantity of goods, along with the terms of sale.Can you convert a proforma invoice into a final invoice?Yes, once the transaction is complete, it can be converted into a final invoice.Is issuing a proforma invoice mandatory?No, a proforma invoice is not mandatory, but this is recommended for better clarity.Does a proforma invoice include GST?Yes, a proforma invoice may include details about estimated GST.What is the validity of a proforma tax invoice?The validity of the proforma invoice depends upon the terms and conditions, which are mentioned in the invoice.

June 04, 2025

A Quick Guide to the EXIM Policy of India and Its Importance

A Quick Guide to the EXIM Policy of India and Its Importance

India is also one of the largest economies in the world thanks to a robust export and import system. To ensure that exports and imports are streamlined and well-regulated, the Indian government has implemented a framework known as the EXIM policy. The EXIM policy of India has several regulations that have played a crucial role in maintaining the country's economic growth and fostering global trade. In this article, we will look deeper into what EXIM policy is, its features and its importance. What Is the EXIM Policy? The EXIM policy, which stands for export-import policy, is a set of guidelines that the government of India formulates. It is also known as the foreign trade policy (FTP). Introduced in 1992, it is pivotal in regulating the Foreign Trade Development and Regulation Act.  As the name suggests, it has various guidelines with respect to the export of products and services in and out of the country. The export-import policy of India is a collaboration between the Director General of Foreign Trade (DGFT) and the Ministry of Finance. In simple terms, the EXIM policy creates an outline of the do’s and dont’s of trade practices in India. It can help understand what can be exported or imported and under what conditions. Objectives of EXIM Policy of India The objectives of the EXIM policy are listed below: Export Promotion The export import policy of India encourages exports by offering incentives and subsidies to exporters. It creates a conducive environment to enhance foreign exchange. Import Regulations Another essential objective of the EXIM policy of India is to regulate the imports that are coming into the country. It monitors and ensures the imports so that they are of higher quality and unnecessary goods can be prevented from entering the domestic market. Diversification EXIM policy helps expand India's trade portfolio on a global level and opens it to new markets. As new products are introduced into the market, dependence on traditional goods is reduced. Also, the EXIM policy helps improve India's global trade as it enables the export of quality goods to other countries and continents.  Facilitation of Trade Thanks to the EXIM policy, the procedures of export and import are much more straightforward. This reduces bureaucratic hurdles and thus makes international trade increasingly accessible each year. Increased Competitiveness Businesses must improve their technology and manufacturing capabilities to increase profits from exporting goods globally. This enhancement also leads to better-quality products used in the country, thereby fostering competitiveness betwen businesses. Generation of Employment Opportunities As exports and imports are facilitated on a grander scale, job opportunities are created in different sectors, such as manufacturing, logistics, etc.  Key Features of EXIM Policy EXIM Policy has proved to be a boon for India's global trade. Below are the notable features of the EXIM policy of India; The Five-Year Policy Framework The EXIM policy is revised every five years, and annual updates are also made to address changing global trade situations. Duty Exemptions In order to reduce the production costs borne by the exporters, the EXIM policy provides duty-free imports.  Schemes For the Promotion of Exports Various incentive schemes have been introduced through the EXIM policy. Some incentives include Merchandise Exports from  India Scheme (MEIS) and Service Exports from India Scheme (SEIS). These schemes are necessary to encourage the growth in the export sector. Special Economic Zones (SEZ) To promote industrial exports, Export-Oriented Units (EOUs) and Special Economic Zones (SEZs) are established.  Boosting SMEs and MSMEs Every business contributes to the country's exports. Hence, specific measures are taken to support all micro, small and medium enterprises (MSMEs) that contribute to the export economy in India.  Facilitation of Trade Digitally The EXIM policy aims to simplify trade procedures and improve compliance by implementing electronic systems for licensing, documentation, and compliance.  Trade Agreements To provide better market access, the EXIM policy encourages bilateral and multilateral trade agreements.  Environmental Sustainability The EXIM policy includes environmentally sustainable trade practices, such as promoting green and eco-friendly products that enhance sustainability in the long run.  Importance of the EXIM Policy in India.  The export policy is vital for the country's economic growth and stability. Below are the reasons why the EXI policy is fundamental in India: Enhances Foreign Exchange Reserves When exports are promoted because of the EXIM policy, foreign exchange reserves accumulate. This accumulation helps maintain the stability of the Indian currency and also aids in funding imports. Control the Trade Deficit In order to maintain a healthy economy, it is essential to have policies in place that can regulate imports. When the imports are regulated, it helps control the trade deficit.  Boost Industrial Growth Duty exemptions and incentives for exports help domestic industries expand and improve their production of goods, boosting industrial growth.  Increase Employment Opportunities When there is an increase in exports, there is also an increase in production to meet the requirements. This rise in production creates numerous job opportunities at various levels. Lead to Innovation When exports increase, industries adopt new technology and innovate products of the highest quality. This leads to innovation to meet the international standards of global trade. Related read - The Impact of India’s National E-Commerce Policy on Online Businesses Boost Your Export and Import Operations With Innovative Shipping Solutions from WareIQ WareIQ's smart shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Conclusion The EXIM, or the Export and Import policy of India, is the backbone of India's trade and economy. The primary aim of India's EXIM policy is to facilitate imports and exports while keeping regulations in place. Another aim of the current EXIM policy is to have sustainable growth in the export and import scenario. Businesses need to understand and make the most of the features of the EXIM policy. Apart from giving a boost to the country's industrial growth and MSMEs, it also enhances job opportunities in various sectors. Also check - National Logistics Policy: Implications for Businesses and Industries FAQs about The EXIM Policy of India What is the EXIM policy?The EXIM or export and import policy provides a set of regulations and guidelines for managing imports and exports in the country according to international standards.What incentives does the EXIM policy provide?India's EXIM policy offers numerous incentives, such as duty-free imports, access to Special Economic Zones, support for MSMEs, and schemes like MEIS and SEIS.What are the objectives of the EXIM policy?India's primary export policy objective is to promote exports and regulate inputs while facilitating global trade and generating employment.When is the EXIM policy revised?India's EXIM policy is revised every five years, but there are annual updates to accommodate changing scenarios.Do MSMEs benefit from India's export-import policy?Yes, India's export-import policy has several benefits that help to boost an MSME's operations. There are several incentives, limited compliance requirements, and technological assistance that are provided to MSMEs.

June 03, 2025

Understanding Freight Charges HSN Codes in Shipping

Understanding Freight Charges HSN Codes in Shipping

Whether it is global trade or domestic commerce, freight operations are vital to any supply chain management. It is necessary to understand different aspects of freight operations to have streamlined supply chain management, reduce operational costs, and increase productivity and profitability. Among the various aspects, the Harmonised Systems of Nomenclature (HSN) is quite a critical one.  In this article, we will dive deeper into the Freight Charges HSN Code and correlation between freight charges and the HSN code in shipping and why businesses must know about it. What Are Freight Charges? Freight charges are the charges incurred by businesses for transporting goods from one place to another. The charges depend on factors such as the mode of transport, the volume and weight of the transport, the distance from the point of origin to the point of destination, and other handling requirements. For any business that deals with the movement of goods from one place to another, it is essential to understand the calculation to strategise better prices and comply with regulations. What Is an HSN Code? The HSN code is the Harmonised System of Nomenclature (HSN) used to classify services. The World Customs Organisation (WCO) introduced it. The HSN code helps maintain uniformity in taxation, international trade, and statistical data collection. Significance of Freight Charges HSN Code  9965 HSN codes of freight charges are used for transport. Below is the primary use of the HSN code: It ensures that the businesses adhere to the correct GST slabs. Thus, penalties can be avoided. The HSN code helps simplify the GST return filing process since it ensures the accurate categorisation of freight services. Since it is a global standardisation system, it helps classify freight services on an international level. This facilitates smoother international transactions and reduces complications when trading globally. Let’s understand the HSN codes for different modes of freight transport below: ServiceHSN CodeGood transport service9965Transport service of goods via road - including letters, parcels, live, animals, furniture, containers, etc.996511Transport of goods via rail - including letters, parcels, live, animals, furniture, containers, etc. 996512Transport of petrol, gas, water, and other goods through pipelines996513Other land transport for goods996519Coastal and international transport of goods via waterways, including tankers, cargo ships, container ships, etc. 996521Inland water transport of goods 996522Transport of goods via air996531Space transport service996532 How to Find an HSN Code? For compliance purposes, businesses need to know how to discover the HSN code for freight services. Below are the ways that HSN codes can be found: Through GST Portal The official GST website also has a comprehensive listing of HSN codes for freight services. This is a reliable source for businesses that are looking to verify and understand the different HSN classifications. GST Rate Finder The GST rate finder is a tool on the GST portal that helps businesses determine the applicable HSN code. It simplifies the process of complying with all GST requirements.  It is essential to find HSN codes only from reliable sources.  Challenges in Applying HSN Code on Freight Although there are several ways to find the HSN code and apply it for freight rates, it can sometimes become challenging to deal with different freight HSN codes. Below are some of the challenges that are common for businesses: Not identifying the classification of the HSN code applicable correctly, as per the freight service, can further lead to penalties.  If there are any errors in finding the proper codes, it can lead to complications in international shipments. Types of Transportation Considered as Freight As Per GST Freight, in general, refers to goods that are transported from one place to another. It can be through different transportation modes, and they are explained below: Land Transportation Goods transported via roadways. Railway transport Services Water Transportation Goods are transported using inland or transoceanic waterways using different vessels, such as tankers or container ships. Pipeline Transportation Transportation services via pipelines for natural gas, sewage, or water. Air Transportation Include transportation of goods, letters, and parcels via air.  What Is Not Freight Under GST? Below are some products on which GST is not levied on freight charges: Transportation of relief material for disaster-struck locations. Transportation of military equipment, Transportation of newspapers registered with the Registrar of Newspapers. Charges Included and Excluded in Freight Charges Various charges are typically included in the calculation of trade charges. Below are the costs that are included in freight charges: Transportation fees Insurance during transit Handling charges There are charges which are not included in the freight charges; below are the few charges which are excluded: Taxes Fee paid at the destination Custom duties Best Practices for Efficiently Managing Freight Charges and the HSN Code Maintain Proper Records All invoices must include the correct freight HSN code and GST date. Businesses should also maintain proper documentation for exemptions. Being Up to Date With GST Rules GST rate exemptions for freight services can change over time. Hence, it is necessary to check GST notifications and updates regularly. Using Freight Charges Calculator Online freight charge calculators provide an easy way to calculate freight charges, including GST. Get Professional Help To ensure complete compliance with the freight HSN code and GST rate, businesses can also opt for professional tax consultations. Understand the HSN Code and Classification with Smart Shipping Solutions from WareIQ WareIQ’s smart shipping solution helps eCommerce brands minimise cost leakages caused by RTOs, fake delivery attempts in NDR, weight reconciliation issues, and more. Our solution also offers prompt support for handling urgent client escalations, ensuring smooth operations at all times. Our solution offers the following capabilities: Multi-carrier engine enabling fast deliveries across 24,000+ pin codes Control Tower & automated workflows to minimise NDR & RTOs Same/Next-day delivery courier options Seamless Integration with your WMS, ERPs and Storefronts Shipping Badges to display precise Estimated Delivery Dates (EDD) Custom branded tracking pages and notifications to enhance customer experience Conclusion In order to achieve complete tax compliance while optimising logistics costs, businesses must understand the HSN code and its association with the freight charges. Businesses can avoid paying extra penalties by understanding and applying the correct freight HSN code and GST rate. Thus, the supply chain will be efficient, and invoicing can also become simpler. GST rates across different modes of transport may change over time. Hence, it is necessary to stay proactively informed. To have a robust supply chain in place and to enhance profitability, it is vital to invest in understanding the complexity of the HSN code along with the GST rates. Related read - Courier HSN Code and Proforma Invoice FAQs About Freight Charges and HSN Codes in Shipping What happens when the wrong HSN code is used for freight charges?When the wrong HSN code is applied, it can lead to penalties and complications during audits.What is the HSN code 9965 used for?The HSN code 9965 is mainly used to classify the transportation of goods by various modes, such as rail, road, and air.Is every freight charge taxable under GST?No, not all freight charges are taxable under GST. Transportation of agriculture products, relief materials, etc., is exempted from GST.How is GST calculated on freight charges?The applicable GST percentage is multiplied by the freight charge to calculate the GST.Is freight charges levied for exports taxable?No, freight charges for exports are not taxable.

June 02, 2025