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Presentation1 130228005430 Phpapp02
Presentation1 130228005430 Phpapp02
On
Definition
Import:-
The term import is derived from the
conceptual meaning as to bring in the goods
and services into the port of a country.
The buyer of such goods and services is
referred to an "importer"
Definition
Export:-
This term export is derived from the
conceptual meaning as to ship the goods and
services out of the port of a country.
The seller of such goods and services is
referred to as an "exporter"
Balance Of Trade
Balance of trade represents a difference in value
for import and export for a country.
A trade deficit occurs when imports are large
relative to exports.
Imports are impacted principally by a
country's income and its productive resources.
Types of Import
There are two basic types of import:
FOR
SUBMIT TO THE EXPORT,COMP
BANK FOR LETE UNDERSTAND
ONWARD CUSTOMS DOCUMENTATI
TRANSMISSION FORMALITIES ON AND
TO BUYER AND OBTAIN INCOTERMS
DOCUMENTS
RECEIVE SALE
PROCEEDS
Advantages of Import
Financial Risk
Market Information
MODES OF PAYMENT
Exim Bank of India has been the prime mover in encouraging project exports
from India.
The Bank has launched the Rural Initiatives Programme with the objective of
linking Indian rural industry to the global market. The programme is intended to
benefit rural poor through creation of export capability in rural enterprises.
EXIM Bank
Exim Bank
supplements its
financing programmes
with a wide range of
value-added
information, advisory
and support services,
which enable
exporters to evaluate
international risks,
exploit export
opportunities and
improve
competitiveness,
thereby helping them
Support Institutions to Facilitate
Exports
Some of these institutions are:
Free exports
All exports in freely convertible
currency except in specific
situations
Realization of export proceeds
within a specified time
Deemed exports
Excise Duty
An excise or excise tax (sometimes called a duty of
excise special tax) is an inland tax on the sale, or
production for sale, of specific goods or a tax on a good
produced for sale, or sold, within a country or licenses
for specific activities. Excises are distinguished from
customs duties, which are taxes on importation
Custom Duty
.
Customs duty is a kind of indirect
tax which is realized on goods of
international trade. In economic
sense, it is also a kind of consumption
tax. Duties levied by the government
in relation to imported items is referred
to as import duty. In the same vein,
duties realized on export
consignments is called export
duty. Tariff, which is actually a list of
commodities along with the leviable
rate (amount) of Customs duty, is
popularly understood as Customs Custom Officer U.K
INCOTERMS