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FOREIGN EXCHANGE REGULATION CONCERNING EXPORTS : Export of goods is the most important foreign exchange earner for the country and the law provides that foreign exchange in payment of exported goods must be realised in full and with utmost promptness. Exploiters are required to give a declaratory for almost all exports to realise export proceeds within the prescribed period. The amended FERA (Foreign Exchange and Regulation Act, 1993) allows import and export of gold and silver under the provisions of export - import policy of the Government of India. The bringing in or taking out of personal Jewellery by travellers would be regulated by CUS~OI~IAS ct and Baggage rules. Import and export of any Indian currency or foreign exchange is prohibited except with the general Or special permission of the Reserve Bank.
Exchange control procedures envisage ensuring that no foreign exchange arising out of exports from India is lost. The important provisions include declaration of exports on prescribed forms, realisation of export proceeds in permitted methods, permitted currencies prescribed period and prescribed manner. Let us discuss them id detail.
Define international marketing and furnish its features.
Procedure to obtain Export Licence : An application for grant of export licence in respect of items mentioned in the EXIM policy may be made in the prescribed form to the Director
Q. Illustrate feedback stage in organisational buying? The feedback stage: This stage is anxious with the establishment of order routine performance feedback and so on and henc
Write a short note on fundamental properties of measurement. Answer There are four primary fundamental properties of measurement: assignment, distance, order and origin. A
discuss the relationship between marketing communication and brand loyalty
Problem 1 Define international marketing. Explain the need and significance of international marketing. Meaning Need Significance Problem 2 Why shou
Q. What do you mean by Vicarious learning? The consumer doesn't always require going through the learning process himself or herself-sometimes it is possible to learn from obs
Sales Tax Exemption : Purchase of goods meant for exports are exempted from sales tax including Central Sales Tax. However, the purchaser of goods has to be a registered dealer fo
Importer-Exporter Code Numbe r: No export or import shall be made by any person without an Importer-Exporter Code (IEC) number unless specifically exempted. An application for gran
Particular Loss : There are two types of partial losses as explained below: General Average: Sometimes a ship owner either sacrifices some cargo the ship is carriage or incur
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