Glossary

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Related Glossaries

Hyper local delivery

A hyperlocal delivery model is an e-commerce model that leverages local offline shops to fulfill the on-demand needs of customers through a digital platform. The primary advantage of this model is that it allows for quick and easy fulfillment of customer requests. This model is particularly useful for meeting the immediate needs of customers for goods and services, such as groceries, medicines, and laundry services.

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HSN Code

The term "HSN code" refers to the "Harmonized System of Nomenclature", which is a globally recognized system for classifying goods in a systematic manner. This system makes use of a 6-digit uniform code to categorize over 5000 different products, and is widely accepted and used across the world. India has added 2 more digits to the code to make the codes more precise resulting in 8 digit classification.

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Weight Discrepancy

Whenever there is a difference between the weight of a shipment provided by the seller and measured by the courier company, a case of weight discrepancy arises which is often called a weight dispute. Change in the weight of a shipment can lead to high shipping costs subsequently increasing the price of the whole order that has to be shipped. One of the ways to avoid weight disputes is to calculate the volumetric weight (product of length, breadth, and height by 5000) after the packaging of the item is done to know the exact weight. Connecting with a shipping partner, a logistics aggregator can help you ease off and make the weight disputes issues hassle-free giving you time to focus on your business.

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E way bill

The EWay Bill is a digital document that must be created on the eWay Bill Portal for the movement of goods. If the value of the goods being transported in a single invoice exceeds Rs. 50,000, a GST registered person is required to generate an e-way bill on the website ewaybillgst.gov.in in order to transport the goods in a vehicle.

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