The Custom Duty in India is one of the most important tariffs. The custom duty in India is regulated by the Customs Act of 1962. The main purpose of the custom duty in India is the prevention of the illegal export and import of goods. The rates of the custom duty levied on the imported and exported goods are assigned in the Custom Act‚ 1962. The Acts under the custom duty in India: * Foreign Trade (Exemption from application of Rules in certain cases) Order‚ 1993 * Customs Act‚ 1962
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CASE: GS-62 DATE: 04/29/08 RENAULT’S LOGAN CAR: MANAGING CUSTOMS DUTIES FOR A GLOBAL PRODUCT There are some commodities with very high levels of complexity with respect to customs duties. Because of this‚ we must have some specific knowledge of what duty optimization‚ drawbacks‚ specific regime‚ and automotive laws are. —Isabelle Roca‚ Customs and Trade Manager‚ Renault Renault designed the Logan car to address the needs of new‚ high-potential markets around the world. Initially launched in
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Renault’s Logan Case 1. What are the complexities involved in factoring out the effect of customs and duties in designing the supply network of Logan (i.e.‚ where to build the CKD parts and CBU‚ and what markets to serve from what sites)? Should Renault build all CKDs in Romania‚ or should they source CKDs locally? Renault had to take many factors into consideration when designing the supply network of Logan. They could export the car as a completely built-up vehicle (CBU)‚ which would allow
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iDesigning and Managing the Supply Chain David Simchi-Levi Philip Kaminsky Edith Simchi-Levi Solutions for Discussion Questions1 Kerem B¨lb¨l u u 1 We would like to thank Shiming Deng for his valuable contributions to the preparation of this manual. Chapter 1 Introduction to Supply Chain Management Discussion Questions Question 1 Pick any car model manufactured by a domestic auto maker. For example‚ consider the 2002 Ford Thunderbird. a. The supply chain for a car typically includes
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Designing and Managing the Supply Chain David Simchi-Levi Philip Kaminsky Edith Simchi-Levi Solutions for Discussion Questions1 Kerem B¨ulb¨ul 1We would like to thank Shiming Deng for his valuable contributions to the preparation of this manual. Chapter 1 Introduction to Supply Chain Management Discussion Questions Question 1 Pick any car model manufactured by a domestic auto maker. For example‚ consider the 2002 Ford Thunderbird. a. The supply chain for a car typically includes the following
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Custom Duty is imposed under the Indian Customs Act formulated in 1962 by the Constitution of India under the Article 265‚ which states that “no tax shall be levied or collected except by authority of law. So‚ theIndian Custom Act was introduced that allow the Central Government to collect the taxes under the name of Custom Duty. Custom Duties are usually levied with ad valorem rates and their base is determined by the domestic value ’the imported goods calculated at the official exchange rate.
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1. What are the underlying forces that led to K&S’s desire to make changes to its current supply chain network? The underlying forces that led K&S’s need to make changes to its current supply chain network are because of the cheap labor. The geographical movement in the electronics manufacturing industry to Asia and other Pacific nations has implied that organizations have needed to update their inventory Network. With clients moving to Asia‚ and new markets opening up‚ numerous K&S contenders
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Supply Network Design The Supply Network Perspective: A supply network perspective means setting an operation in the context of all the operations with which it interacts‚ some of which are its suppliers and its customers. Materials‚ parts‚ other information‚ ideas and sometimes people all flow through the network of customer-supplier relationships formed by all these operations. On its supply side an operation has its suppliers of parts‚ or information‚ or services. These suppliers themselves
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Introduction Forfeiting and factoring are services in international market given to an exporter or seller. Its main objective is to provide smooth cash flow to the sellers. The basic difference between the forfeiting and factoring is that forfeiting is a long term receivables (over 90 days up to 5 years) while factoring is a shorttermed receivables (within 90 days) and is more related to receivables against commodity sales. Definition of Forfeiting The terms forfeiting is originated from a old
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WHAT IS DUTY? It is necessary in the study of Karma-Yoga to know what duty is. If I have to do something I must first know that it is my duty‚ and then I can do it. The idea of duty again is different in different nations. The Mohammedan says what is written in his book‚ the Koran‚ is his duty; the Hindu says what is in the Vedas is his duty; and the Christian says what is in the Bible is his duty. We find that there are varied ideas of duty‚ differing according to different states in life‚ different
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