million mainframe computer to an insurance company in Singapore and has been paid with a check drawn on a Singapore bank. This transaction would be recorded in current account because it is an account that recorder import and export goods that means the net revenue on exports minus payments for imports. b. - A private investor in San Francisco has received dividends of $ 80‚ 000 for stock she holds in a British firm. (Current Account) This transaction would be recorded in current account because
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EPCG Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production‚ production and post production at zero duty for specified sectors and at a concessional rate of 3% Customs duty for all sectors‚ subject to an export obligation ranging from 6 to 8 times of duty saved on capital goods imported under EPCG scheme‚ to be fulfilled in 6 to 8 years reckoned from Authorization issue-date. EPCG scheme covers manufacturer exporters with or without supporting
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period‚ the value‚ composition and direction of India’s foreign trade have undergone significant changes. External Sector 6 India’s foreign trade has come a long way since 1950-51. The values of both exports and imports have increased several times over the period (Table 13.1). The value of exports rose from Rs. 606 crore in 1950-51 to Rs. 1‚06465 crore in 1995-96. The value of
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he established in May of 1990. Vikram established the business in an effort to fund his impending Masters in Business Administration in the United States. The business is located in Delhi‚ India where tax incentives are offered for business who export goods and materials to targeted countries including Japan‚ Canada‚ and France. Incentives in India include no tax on goods shipped to target countries‚ incentives on shipments exceeding 150‚000 INR‚ partial rebated duties taxes on raw materials imported
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that led many scholars to stress on the significance of exports. Some went even further to express the idea‚ that the growth during the industrial revolution depended on the overseas trade. During the industrial revolution‚some of the major developing industries ‚like textiles and coal‚grew even more by selling their products abroad. The technological innovations of the late 18th century made the British goods cheaper‚ ’ ’attracting ’ ’ export markets‚and soon Britain became the new commercial capital
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DEPB Duty Entitlement Pass Book Scheme in short DEPB is an export incentive scheme. Notified on 1/4/1997‚ the DEPB Scheme consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB‚ which is issued after exports‚ the exporter is given a duty entitlement Pass Book Scheme at a pre-determined credit on the FOB value. The DEPB rates is allows import of any items except the items which are otherwise restricted for
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India’s Foreign Trade India’s Trade Performance India’s merchandise exports reached a level of US $ 251.14 billion during 2010-11 registering a growth of 40.49 percent as compared to a negative growth of 3.53 percent during the previous year. India’s export sector has exhibited remarkable resilience and dynamism in the recent years. Despite the recent setback faced by India’s export sector due to global slowdown‚ merchandise exports recorded a Compound Annual Growth Rate (CAGR) of 20.0 per cent from
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allowed to offer international trade finance. Apart from that‚ there are specially created institutes like EXIM bank and EXPORT CREDIT GAURANTEE COPORATION (ECGC). We need to understand international trade finance in greater detail by also discussing role of EXIM bank and role of ECGC. Exporters should be given support in the form of international trade finance (also known as export credit)‚ because of following reasons: 1. The supply chain in global business is very lengthy. It may take 75 to 80 days
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currency risk hedging‚ documentary collection & credit‚ bank guarantee‚ export & import finance to provide personalised services through our dedicated & experienced Relationship Managers 1. What are the steps for getting foreign project finance? Pre Shipment Finance is issued by a financial institution when the seller wants the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance are to enable exporter to Procure raw materials. Carry out
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| Mushroom Producers | | | Sl.No. | Name & Address | Phone No. | 1. | Mr.M.Mohana Sundaram A PRINCE 5 MUSHROOM Milky Mushroom and Spawn‚ Producer Pulian kaddu Thottam‚ Suriampalayam‚ Pethampalayam (PO)‚ Erode – 638 116 | 04294-35208 | 2. | Mrs.K.Bhuvaneshwari‚ ABI ANAND MUSHROOM Oyster Mushroom Spawn and Mushroom‚ Producer‚ 5-A‚ Chairman‚ Karuppanna Thevar St‚ Sulur‚ Coimbatore –2 | 889601 | 3. | Mr.Selva Segaran.R. AGROWIN FARM‚ Oyster Mushroom‚ Mushroom
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