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Advance Licence: An advance licence is granted to a merchant exporter or manufacturer exporter for the import of inputs required for the manufacture of goods without payment of basic customs duty. Raw materials, components, intermediates, consumables, parts, spare (not exceeding 5% of the CIF value of the duty free licence), packing materials and computer software may be imported under this scheme. However, such inputs shall be subject to the payment of additional customs duty equal to the excise duty at the time of import. Exemption from payment of additional customs duty shall be allowed, if the advance licence is issued with actual user condition to the manufacturer exporter or merchant exporter. Advance licences shall be issued in accordance with the policy and procedure in force on the date of issue of licence. It shall be subject to the fulfilment of a time bound export obligation and value addition as may be specified.
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Recoverable Expenses: An insurance company will pay expenses incurred by the insured for recovering loss for preventing it to the cargo. This is, however, subject to two condition
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Actual Total Loss (ATL): An actual total loss may occur in three ways. Firstly when the, insured cargo is physically destroyed when fire in the hold of the ship destroys complet
Q. Areas of operation in industrial buying? The initiation stage: This is a phase in which a problem or a need is recognised by the organisation. For instance as a result of
What is causal designs Causal research is most appropriate when research objectives include need to understand the reasons why certain market phenomena happen as they do. To m
While undergoing the steps involved in the research process the researcher should ensure that the research does not have a high degree of error. If no care is exercised in m
PROCEDURE FOR TAMING A POLICY : An intending exporter should fill in a proposal form (no. 12 1) available with all ECGC offices and submit it to the nearest office. After examinin
Q. Explain Internal psychological procedure? The relevant internal psychological procedure that is associated with information search is perception. Perception is defined like
Q. Marketer role to influence consumer behaviour ? Marketers try to create products as well as services that will provide the desired benefits that permit the consumer to r
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