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Start learning 50% faster. Sign in nowIndia Post and Canada Post have collaborated to ease cross-border shipping between the two countries. The Ministry of Communication has introduced the International Tracked Packet System (ITPS), which will facilitate e-commerce exports. The service came into effect on July 1, 2023. The ITPS is a competitive service for the transmission and delivery of packets, designed to meet the cross-border shipping requirements of e-commerce exporters including MSMEs, small businesses, and others, in order to promote the exports using the local post offices. According to the instructions of the Department of Posts, packets weighing up to 2 kg can be exported under the ITPS. It will cost Rs 400 to send any parcel below 50 grams to Canada. For every additional 50 grams, an additional Rs 35 will be charged, offering exporters competitively-priced shipping.
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I. Under Overnight Repo, the banks may borrow only for up to 24 hours.
