Text i les Excise duty on readymade Garments fur ther reduced: Excise duty of 10% is appl icable to branded ready-made garments wi th abatement of 55% f rom the Retai l Sale Pr ice. Along wi th increase in duty to 12%‚ FM proposes to enhance the abatement to 70%. As resul t ‚ the incidence of duty as a percentage of the Retai l Sale Pr ice would come down f rom 4.5% to 3.6%. In terms of impact ‚ there would be marginal benef i t to text i le companies in the higher
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EXPORT FINANCE FEDERATION OF INDIAN EXPORT ORGANISATIONS SOUTHERN REGION‚ CHENNAI EXPORT FINANCE “Export or perish” Our imports are more than exports. Hence there is a necessity to encourage exports. Govt. and RBI extend various concessions to boost exports. EXPORT FINANCE Some of the concessions include: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Cheap credit to exporters. Minimum of 12% of net credit should go to exports. Refinance to Banks on eligible portion of export credit outstanding
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General Provisions about Customs Procedures Basic document is ‘Entry’ Entry’ in relation to goods means entry made in Bill of Entry‚ Shipping Bill or Bill of Export. In case of import by post‚ label or declaration accompanying goods is ‘entry’ Loading and unloading at specified places only Imported goods can be unloaded only at specified places. Goods can be exported only from specified places. Computerisation of customs procedures Customs procedures are largely computerised. Most of documents
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Top 10 largest exports country in 2011 : Rank | Country | Exports | — | World | $17‚779‚000‚000‚000 | — | European Union | $2‚131‚000‚000‚000 | 1 | China | $1‚898‚000‚000‚000 | 2 | United States | $1‚511‚000‚000‚000 | 3 | Germany | $1‚408‚000‚000‚000 | 4 | Japan | $800‚800‚000‚000 | 5 | France | $578‚400‚000‚000 | 6 | Netherlands | $576‚900‚000‚000 | 7 | South Korea | $556‚500‚000‚000 | 8 | Italy | $522‚000‚000‚000 | 9 | Russia | $498‚600‚000‚000 | 10 | United
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Export Documentation 1. When you are ready to ship‚ secure from the Authorized Agent Bank (AAB) an Export Declaration (ED) form with Foreign Exchange Proceeds form which you will accomplish and file at the same bank. 2. After processing the ED‚ the AAB releases to the exporter the original and‚ other copies of ED‚ except ED3. 3. Secure an export commodity clearance/export permit from the proper government commodity office‚ if your product is included in the list of regulated products for exportation
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this week was export planning‚ market selection and international trade show. For the main learning for this week was the importance of export planning and what will be included in the planning. Market exhibits is another important element for exporter to consider about. Before this week I don’t know what trade show is and how it so important does to exporter. After the reading and lecture I have some knowledge about it and I think the trade show is highly correlated with export planning activity
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Costing a Garment Costing is the deciding factor for fixing of prices and the important thing to follow in all stages like purchase‚ production‚ marketing‚ sales‚ etc. Also updated knowledge about everything related to garments‚ is essential to make perfect costing. Costing includes all the activities like purchase of fabrics and accessories‚ processing and finishing of fabrics‚ sewing and packing of garments‚ transport and conveyance‚ shipping‚ over heads‚ banking charges and commissions‚ etc. We
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Overview of Garment Manufacturing technology - Concentrating on cutting equipment [Document Subtitle] Abik Hirawat garment |ˈgärmənt| noun an item of clothing. ORIGIN Middle English : from Old French garnement ‘equipment‚’ from garnir ‘equip’ (see garnish ). Garment refers to any covering for the human body that is worn. Garment making is one of the basic content of fashion designing. . There are 2 types of garments. One is Woven garments. Another is Knitted garments Shirts‚ trousers
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EXPORT Procedure of Export from Exporter side: 1) To open an account with a Bank. 2) To be collect ERC (Export Registration Certificate) from CCI & E. 3) To collect TIN from Bangladesh Revenue Board. 4) To collect Export L/C / Transferable Export L/C. 5) To submit the Export L/C / Transferable Export L/C to the Bank through his letter pad and type Back to Back L/C. 6) To sign LCAF 7) To collect Insurance cover Note with money receipt and Vat paid certificate (only for Foreign B/B L/C)
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Imports and Exports Post University February 1‚ 2014 Imports and Exports How would you feel about the businesses in the United States that are buying or selling to countries that have a high amount of exports and imports? This is the only way that some of these countries can survive. This is because they have products that other countries don’t have and other countries are able to produce things that they can’t
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