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Tender deadlines often change due to corrigenda issued by government authorities, impacting bid preparation and submission. Vendors must treat every extension as a fresh checkpoint—re-downloading documents, verifying updates, and renewing certificates as needed. Different platforms like GEM, CPPP, and state portals handle extensions uniquely, so staying vigilant with portal alerts and internal calendars is essential. Properly managing extended timelines helps avoid common rejections caused by outdated documents or expired DSCs. When used strategically, the extra time can sharpen pricing, update technical documents, and improve overall bid compliance—turning deadline shifts into...

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What are Incoterms and why are they essential in global trade? How do they simplify complex international transactions? In this article, we help you understand all about Incoterms, the set of 11 internationally recognised rules that bring clarity to buying and selling across borders. These rules determine responsibilities for shipping, insurance, paperwork, customs clearance, and more in logistics operations. Apart from this, we will also discuss their impact on global trade, including the latest Incoterms® 2020 version effective from January...

Last updated on: Mar 28, 2025

Want to know how goods are categorised for trade and taxation? Or how a specific product is precisely classified in international commerce? The answer is Harmonised System of Nomenclature (HSN). Introduced by the World Customs Organization in 1988, HSN is a six-digit code system adopted by over 200 countries, including India, for classifying goods and services. Read on to learn more about the HSN codes, how their classification has been done and more.

Last updated on: Jul 15, 2024

Dealership businesses are lucrative business options that can be started anywhere. Manufacturers sign a deal with a retail business allowing them to become authorised dealers of the former’s products. Small dealership businesses have a large scope if entrepreneurs can find the right niche to invest in.

Dec 19, 2023
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