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Legal Framework : Section 50 of the Indian Customs Act requires the exporter to file a declaration in a prescribed form and submit supporting documents to enable the customs authorities to check declarations made by the exporter. The objectives of the customs control are:
i) To ell sure that nothing goes out of the country against the laws of the land and that prohibitions and restrictions regarding outward cargo are duly enforced by the customs authorities;
ii) To ensure authenticity of the value of outward cargo according to the customs valuation rules to check over and under invoicing;
iii) To assess and realise export duty /cess / charge according to the Customs Tariff Act and any other fiscal legislation;
iv) To check that all the relevant regulatory provisions enforced by various authorities in the country have been duly complied with in respect of export; and
v) To provide export data through the customs returns.
PROCESS MARKETING INFORMATION SYSTEM.
Services Policy : When Indian firms render services to foreign parties, they would be exposed to payment risks similar to those involved in export of goods. Services Policy offers
RECENT DEVELOPMENTS IN EXPORT FINANCING: As stated earlier, offer of attractive credit terms is a crucial factor in winning export contracts. Hence, financial institutions are off
explain Henry Assael Model of buying decision behavior along with the diagram”.
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Income-Tax Exemption: In order to promote exports, tax incentives are granted under the Income-Tax Act. The major incentives are : 1) All export profits derived from export of
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