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Agency Commission on Exports : Authorised dealers may allow payment of commission, either by remittance or by deduction from invoice value, on application submitted by the exporter. The application should contain details about export particulars. The remittance may be allowed subject to the following conditions.
i) Amount of commission has been declared on GR/PP/SOFTEX form and accepted by customs authorities or the exporter has submitted a no objection certificate from customs
ii) Rate of Commission do not exceed 12.5% of invoice value.
iii) Commission sought to be remitted is not 011 export of a canalised item. Project exports or exports financed under lines of credit extended by Government of India or EXIM Bank. This may also be allowed on exports made by I1:dian partners towards equity participation in an overseas Joint Venture/wholly owned subsidiary.
iv) The relative shipment has already been made.
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IMPORTANCE OF EXPORTS : Look at Table for clear understanding of India's Exports Imports and Trade Balance. The table shows that India's Trade Balance was -2 Crores during 1950-5
Free Exports: All goods may be exported without any restriction except to the extent such exports are regulated by the Negative List of Exports or any other provision of this poli
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There are various reasons why retrieval can fail or in less fancy terms how we come to forget. One is decay at this time information that is not accessed frequently essentially '
Procedures for Furnishing the Forms : The declaration form GR (in duplicate) shall be submitted in duplicate to the commissioner of Customs. After duly verifying and authenticatin
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Preliminary Research: Preliminary research is necessary to understand the problems environment. It involves. 1. Discovering and crystallizing the problem. 2. Describing the r
Post-shipment Credit in Foreign Currency : The exporters have the option of availing of export credit at the post-shipment stage either in rupee or in foreign currency. The credit
CENTRAL EXCISE FORMALITIES : It is a common practice all over the world that the exports are not to bear the burden of indirect taxes. Export goods are either exempted from such t
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