MEMORANDUM PEM MEMORANDUM OF INSTRUCTIONS ON PROJECT & SERVICE EXPORTS RESERVE BANK OF INDIA October 2003 1 Preface Regulations relating to ’Project Exports’ and ’Service Exports’ were issued in a booklet form in March 1994. Subsequently‚ an updated version was published in May 1997. With the introduction of Foreign Exchange Management Act‚1999 (42 of
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1 Export Prospects of Agarbattis from India “A garbattis” also known as “Incense Sticks” are made from aromatic plants and essential oils extracted from plants or animal sources. When lightened‚ they release fragrant smoke which is used in religious activities‚ prayers‚ therapeutic and aesthetic purposes. These have been used since times immemorial as an integral part of Hindu deity worship In India. There are about 10‚000 agarbatti manufacturing units in the country including tiny
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problem in Pakistan’s leather industry. Pakistani exports of tanned leather is on the increase following a decline of leather production in the developed world due to more stringent environmental controls. The increase of tanneries in Pakistan is causing severe environmental degradation as the untreated effluent used in the tanning process is released into nearby water reservoirs and the sea. In addition‚ air pollution is on the rise with the tanneries burning residuals (i.e. hair) from
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Export Procedure & Formalities Export Trends Motivational Package Offered by Govt. to the Exporter Export Procedure & Formalities Export Procedure‚ Issuance and Disposal of EXP Form‚ Negotiation of Export Bill‚ Collection of Export Bill‚ Handling of Discrepant Documents under Documentary Credit‚ Dispute Settlement‚ Exchange Rate used in Negotiation
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INTRODUCTION Export incentives Devices used by countries to encourage exports. These can include tax incentives for exporters‚ allowing them exemptions from the normal provisions of anti-monopoly legislation‚ preferential access to capital markets‚ priority Developing countries have started manufacturing industries only recently. As a result‚ their cost of production generally tends to be high because of the following reasons: Total market availability within the country is small with the result
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Export Sector in India The export sector of Indian economy made comprehensive progress over the last decade. The exponential growth of the export sector of Indian economy can be attributed to the liberal Government of India economic policy. Indian exports have an ambitious target of US 160 billion in 2007-08. The achievement came to the Indian exports in the last fiscal despite the odds against the exports‚ minimizing the gains. In the first two months of 2007-08 exports grew by 20.3%‚ which was
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Background Developed countries such as South Korea‚ Taiwan‚ Hong Kong‚ and Singapore rely on their commodity export as their main economy boosters. Even when the economy situation goes bad‚ these countries still can achieve surplus trade balance. Boosting economy through commodity export‚ like what Japan has done‚ has become popular among developing countries like Indonesia. As an archipelagic country‚ Indonesia has infinite fishery potential. It is because Indonesia area is dominated by watery/
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The main objectives of export trade are as follows: (i) To sell surplus goods: A country may produce a commodity in such quantities that are more than its needs. The country can sell its surplus output to foreign countries. In this way export trade is undertaken to make fruitful use of surplus goods. (ii) To make better utilisation of resources: Export trade widens the market for goods. A country can make better utilisation of its resources by producing goods on a large scale both for domestic
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Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters. Liberal payment terms usually score over
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as well export. Export management means conducting the export activity in an orderly‚ efficient and profitable manner. Since the heart of each business is marketing‚ export management can be termed as export marketing management. Because if needs to be managed efficiently so that the export should increase and exporter should get more profit and importer should get more satisfaction. Therefore export management activity is growth oriented and dynamic in nature. Export marketing
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