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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.
Uses or importance to economy: 1. Production: suitable production, functions are adopted to meet the market demand. In the absence of marketing research, production wil
Q. Explain the Nature of consumer behaviour? Consumer behaviour is dynamic The perceptions, feelings, thinking and actions of the customer and the society at large keep ch
secondary data
INTRODUCTION : You have learnt in Unit 11 the process, procedures and documentation formalities in preparing goods for exports as well as movement of goods from the inland product
Porter -O Grady (2001,p.9) makes the statement that "too many health professionals have an irrational conviction that there is something so mystical about health care that it defie
PROCEDURE FOR MAKING A CLAIM : A claim will arise when any of the risks insured under the policy materialises. If an overseas buyer goes insolvent, the exporter becomes eligible f
Cancellation and Extension of Forward Contracts: If the exporter is not able to deliver even within the option period, he may approach to the bank either for cancellation or for e
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Export of Gifts: Goods including edible items of value not exceeding Rs. 15.000 in a licensing year may be exported as a gift. However, items in the Negative List of Exports shall
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