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      FAQs

      • GENERAL
      • GETTING STARTED
      • KNOWLEDGE HUB
      • MARKET INTELLIGENCE
      • LOGISTICS
      What is Trade Emerge?

      Trade Emerge is a one-stop solution for all the trade-related needs of both ICICI and non-ICICI customers. It caters to the needs of businesses, throughout their trade journey.

      Do I need to be an ICICI Bank Customer to avail Trade Emerge services?

      No, you need not be an existing ICICI Bank Customer to browse through and avail Trade Emerge services. However, existing ICICI Bank customers can get additional incentives.

      What are the services available on Trade Emerge?

      The services available on Trade Emerge include - Getting Started, Knowledge Hub, Trade Intelligence, Logistics Services and Financial Services.

      Will I get offline assistance during my journey?

      Each service partner will be responsible for their respective services. They would provide the requisite support to the end-user, online and offline, during the journey.

      Do I need to provide any details for availing the service?

      Yes, you would have to provide your basic details like Name, email-ID, phone number, and Company’s Name and Address for availing Trade Emerge services.

      Will my details be shared with third-party service providers?

      Your basic details will be shared with third-party service providers only with your consent. The details are shared so that the third-party service providers can contact you and assist you on your trade journey.

      Will ICICI Bank assist me with issue resolution in any of the services?

      ICICI Bank will be responsible for Financial Services through the Trade Emerge platform and would provide resolution for the same. For third-party services, the respective service provider will be responsible for issue resolution through their resolution team.

      Do I need to sign up on Trade Emerge to avail of the services?

      No, Trade Emerge is open for all. Visitors can explore services and information, available on Trade Emerge.

      Are there any charges for using Trade Emerge?

      There are no charges for using Trade Emerge. However, charges will be applicable while using certain services from partner service providers.

      Can an individual use Trade Emerge, or is it only for Corporates?

      Trade Emerge is primarily for SMEs and corporates. However, even individuals can avail services or access information, as per their requirements.

      What are the benefits of Trade Emerge?

      The benefits of Trade Emerge are as follows:

      • Trade Emerge opens up a host of opportunities for users, by providing a one-stop solution to all their trade requirements
      • It helps users grow their business by connecting with potential buyers/sellers It also helps in order fulfilment through shipment management services
      • Users can stay updated about the latest Government regulations and guidelines through Trade Emerge.

      What is the role of the Reserve Bank of India in exports?

      RBI regulates foreign exchange trade as per the Foreign Exchange Management Act (FEMA). It issues guidelines for realisation of export proceeds, by the exporter from time to time, through authorised dealers.

      How is Trade Emerge different from the existing Trade Online platform?

      The Trade Online platform provides necessary banking services for importers and exporters. Trade Emerge works in synergy with Trade Online by, providing a complete gamut of ‘beyond-banking’ services, which assist them throughout their trade cycle.

      Which are the regulatory bodies governing trade in India?

      Trade is extremely regulated in India. Regulatory bodies like the Reserve Bank of India (RBI), Directorate General of Foreign Trade (DGFT) and Ministry of Commerce and Industry govern trade in India.

      Who are the major stakeholders involved in the export/import process?

      The Reserve Bank of India (RBI), the Directorate General of Foreign Trade (DGFT), Customs, Export Promotion Councils (EPC), Banks, Freight Forwarders, Customs House Agents (CHA), Logistics Service Providers, etc., are some of the major stakeholders involved in the export/import process.

      What is Customs duty?

      Customs duty is the duty charged on goods imported into India or exported out of India.

      What is ITC (HS) Codes?

      Indian Trade Classification (Harmonised System) [ITC (HS)] is a collection of codes applicable for all types of items or goods that are meant for import or export. Each good is classified based on its group or subgroup and has 2/4/6/8 digits.

      What are the prerequisites of setting up trade? Or, how can I set up my trade business?

      The prerequisites of setting up trade are as follows:

      • Establish your organisation
      • Open a Bank Account
      • Obtain PAN from the Income Tax department
      • Obtain the IEC
      • Obtain the RCMC
      • Register with tax authorities.

      What are the mandatory documents required for export and import?

      The mandatory documents required for export and import are:

      • Bill of Lading/Airway Bill
      • Commercial Invoice cum Packing List
      • Shipping Bill/Bill of Entry/Bill of Export

      What are the Registering Authorities?

      Registering Authorities are bodies that are notified by the Directorate General of Foreign Trade (DGFT) to register exporters/importers as their members. These registering authorities issue the Registration-Cum-Membership Certificate (RCMC) to register them as members.

      What is the procedure for getting Registration-Cum-Membership Certificate (RCMC)?

      To get the RCMC, you have to fill an application form-ANF 2C. This is required to register your business and become a member of the EPC (Export Promotion Council) or the FIEO (Federation of Indian Export Organisations). Then, the exporter should declare the main line of his business and get the Registration-Cum-Membership Certificate (RCMC) from the Council authorised to issue the certificate for products that the business mainly deals in. If you are an exporter, exporting multiple products, you cannot become an EPC member. In such cases, the RCMC should be obtained from the FIEO. The RCMC is valid for 5 financial years

      What is IEC?

      The Importer Exporter Code is a 10-digit, unique alphanumerical code. This code is issued basis the PAN of the business. The IEC is mandatory to carry on import and export business in India, unless there are specific exemptions to the rule.

      Who issues the Importer Exporter Code (IEC)?

      IEC is issued in an electronic format, called the e-IEC, by the Directorate General of Foreign Trade (DGFT). The DGFT falls under the purview of the Government of India’s Ministry of Commerce.

      For how long is the Importer Exporter Code (IEC) valid?

      Once the IEC is allotted to an applicant, it is valid permanently. However, the applicant has to update the IEC every year, to keep it active. Failing to do so would deactivate the IEC, and the import-export business would not be allowed to continue. Moreover, if you update the IEC between the April-June quarter, the updating becomes free of cost, as no fee is charged for the same.

      Can I find Overseas counterparties through Trade Emerge?

      Yes, the Market Intelligence service provides visitors of Trade Emerge with a comprehensive global trade database across 181 countries that helps them in counterparty discovery, competition analysis and connecting with the potential buyers/sellers.

      Does ICICI Bank endorse/recommend overseas business entities shown as per market intelligence data?

      ICICI Bank does not endorse/recommend overseas business entities, shown as per market intelligence data. However, to get insights on the potential counterparty, information on various aspects of their business, like, company structure and relationships, financial performance assessment, risk assessments, etc. and business information reports can be availed.

      Will I be able to connect to the counterparty through ICICI Trade Emerge?

      Yes, the Market Intelligence service enables connecting to counterparties, along with competition analysis. This will be subject to the plan and package which you have taken from the service partner.

      Will I be able to manage my shipments through Trade Emerge?

      Yes, logistics services are provided through shipping aggregator platforms wherein, you can book and manage your shipments and avail value-added services like instant booking confirmation, last-mile tracking, etc.

      Will I be able to negotiate quotes from multiple shipping lines?

      Yes, you will be able to negotiate the quotes received from multiple shipping lines and compare them on the go.

      What is Bill of Lading?

      A Bill of Lading (BL or BoL) is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried.

      Can I track end-to-end shipments?

      Yes, the user can transparently track end-to-end shipments, across all shipping lines, in real-time.

      How can I insure my shipments when they are in transit?

      Trade Emerge offers insurance products under financial services, from where you can avail Marine Insurance to insure the shipments in transit.

      Will I get historical shipment data that can help me in better planning and decision making?

      Yes, you will be able to browse through several analytical reports and dashboards, which will enable you to make informed decisions.

      TERMS OF USE : These Terms of Use ("Terms") set out the terms and conditions that govern the use of the Trade Emerge ("Platform") Read More

      Privacy and Cookie Policy : ICICI Bank is strongly committed to protecting the privacy of their visitors and has taken all necessary and Read More

      regulatory agencies
      • RBI
      • DGFT
      Trade Bodies
      • Trade Promotion Council of India
      • Indian Trade Portal
      • International Chamber of Commerce
      Others
      • Ministry of Finance
      • Ministry of Commerce and Industry
      • Ministry of Corporate Affairs
      • Ministry of External Affairs
      Tax Information
      • Income Tax Department
      • Central Board of Indirect Taxes and Customs
      • Tax Information Network
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      FAQs
      regulatory agencies
      • RBI
      • DGFT
      Trade Bodies
      • Trade Promotion Council of India
      • Indian Trade Portal
      • International Chamber of Commerce
      Others
      • Ministry of Finance
      • Ministry of Commerce and Industry
      • Ministry of Corporate Affairs
      • Ministry of External Affairs
      Tax Information
      • Income Tax Department
      • Central Board of Indirect Taxes and Customs
      • Tax Information Network
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      Terms and Conditions of ICICI Bank as at www.icicibank.com and third parties apply. ICICI Bank is not responsible for third party products, goods, services and offers. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of third parties.

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