Import Substitution Industrialization (ISI) Definition Government strategy that emphasizes replacement of some agricultural or industrial imports to encourage local production for local consumption‚ rather than producing for export markets. Import substitutes are meant to generate employment‚ reduce foreign exchange demand‚ stimulate innovation‚ and make the country self-reliant in critical areas such as food‚ defense‚ and advanced technology. What Does Import Substitution Industrialization (ISI)
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INTRODUCTION IMPORT FINANCE Banks authorized to deal in foreign exchange play an important role for issue of letters of credit finance / payment for imports issue of guarantees etc. in matters relating to the finance for import banks are governed by the instructions issued by their head offices . with regard to remittance of foreign exchange they are regulated by RBI regulation under FEMA as amended from time and the rules framed by the foreign exchange dealer association of India {FEDAI rules}
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Introduction: Quota System/Policy is a hiring policy‚ where a specified number or percentages of specific group members are to be hired. In Bangladesh every government jobs are enriched with the quota system. Different types of quota are available in both cadre and non-cadre class I & II jobs. The persons are selected for government jobs either from merit basis or district basis. Quota system was introduced in the government service by an executive order in 1972‚ where 45% are reserved on merit
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“Quota must not be abolished.” (Argumentative Speech) In the year 2007‚ Richard Mulato Serrano of Saint Louis University topped the CPA Board Exam with a 94.57% rating. This just means that Saint Louis University gives a quality education for its students preparing them to be successful and be the best in the workplace. Saint Louis University also provides advanced trainings and programs for giving the students effective strategies and enough knowledge in their own fields. In the School of
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Overview of Import-Export Business by Sarath Madala INBM Jan’14 batch CONTENTS: • Introduction • Incoterms • Shipping Documents • Cargo Insurance • Payment modes/Letter of credit • Advantages • Challenges INTRODUCTION: • Trade: Trade is transfer of ownership of goods or services • International trade: exchange of capital‚ goods and services across international borders • Export: In international trade export refers to selling
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Import Procedure Import trade refers to the purchase of goods from a foreign country. The procedure for import trade differs from country to country depending upon the import policy‚ the statutory requirements and customs of different countries. In almost all the countries of the world import trade is controlled by the Government. The objectives of these controls are proper use of foreign exchange‚ restrictions on imports of non-essential and luxury goods‚ development of indigenous industries‚
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Kary Bowser International Economics Professor Gelgelu 11 February 2013 The Protectionism Effect: Tariffs‚ Quotas‚ and Subsidies The most common way to protect one’s economy from import competition is to implement a tariff: a tax on imports. Generally speaking‚ a tariff is any tax or fee collected by a government. Sometimes the term “tariff” is used in a nontrade context‚ as in railroad tariffs. However‚ the term is much more commonly used to refer to a tax on imported goods. Tariffs have
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Exchange Inward Remittance Certificate FOB :Free of Board FT :Foreign Trade FTP :Foreign Trade Policy GATS :General Agreement on Trade in Services ICD :Inland Container Depot IEC :Import Export Code ITC(HS) :Indian Trade Classification (Harmonised System) Classification for Export & Import Items MDA :Market Development Assistance MoD :Ministry of Defence MoF :Ministry of Finance NOC :No objection Certificate PRC :Policy Relaxation Certificate R&D :Research and
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MANUFACTURING INDUSTRY:- Manufacturing industry refers to those industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. Evolution of the manufacturing industry: Manufacturing
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General Provisions about Customs Procedures Basic document is ‘Entry’ Entry’ in relation to goods means entry made in Bill of Entry‚ Shipping Bill or Bill of Export. In case of import by post‚ label or declaration accompanying goods is ‘entry’ Loading and unloading at specified places only Imported goods can be unloaded only at specified places. Goods can be exported only from specified places. Computerisation of customs procedures Customs procedures are largely computerised. Most of documents
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