Tag: BCOM103 Financial Accounting

Under Duty Drawback Scheme, an exporter can opt for either All Industry Rate (AIR) of Duty Drawback Scheme or brand rate of Duty Drawback Scheme. …

Remission scheme includes: (i) Duty Drawback Scheme Various schemes like EOU, SEZ, DEEC, manufacture under bond, etc., are available to obtain inputs without payment of …

Letter of Credit A letter of credit is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on …

Exports are given priority in India and enjoy lot of incentives. However, the major problem lies in the process of realizing them. Unfortunately, exporters have …

There are many good reasons (or benefits) for exporting. These include the following: Increasing Sales Exporting is one way of increasing your sales potential; it …

Tax concession for export profits Finance (No. 2) Act, 1962 By way of Rebate of tax Section 2(5) of the Finance (No. 2) Act, 1962 …

The mode of transportation is an important consideration when planning the shipment process. Besides the costs, the urgency of the shipment, the value of the …

Warehouse management refers to the various processes related to maintaining and controlling a business’ warehouse. It goes through every step of the process, from beginning …

Ocean Freight Ocean freight is the most common mode of transport that importers and exporters use. In fact, a full 90% of everything is shipped …

Surcharges Often referred to as a “service fee” or “handling charge”, surcharges are additional expenses applied on top of already existing shipping fees. Varying from …