Author Archives: vizpathak

India has lost over a third of its apparel and garments exports to the UAE in FY19, due to the 5 per cent import duty levied by the Gulf nation to restrict trading activity and encourage local manufacturing. Data from global consultancy firm Wazir Advisors suggests India’s cumulative apparel exports to the UAE declined by a steep 33 per cent to $1.78 billion fromContinue reading “India’s apparel exports to UAE decline 33% on higher import duty”

China, the United States, and Germany are the world’s top three largest exporters of goods. In 2016, China was by far the world’s leading exporter, exporting goods valued at a total of $1,990,000,000,000 USD in the year. To put this in perspective, consider how much the rest of the top five exporters shipped to international markets inContinue reading “The World’s 20 Largest Exporting Countries”

A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging.

A contract is a legally binding promise made between two parties. Each party to a contract promises to perform a certain duty, or pay a certain amount for a specified item or service. The purpose of a contract being legally binding is so each party will have legal recourse in the event of a breach. A breachContinue reading “What is a Breach of Contract, and What are the Different Types of Breaches?”

1 Advance Authorization Scheme 2 Advance Authorization for Annual Requirement 3 Export Duty Drawback for Customs, Central Excise, and Service Tax 4 Service Tax Rebate 5 Duty-Free Import Authorization 6 Zero duty EPCG (Export Promotion Capital Goods) Scheme 7 Post Export EPCG Duty Credit Scrip Scheme 8 Towns of Export Excellence (TEE) 9 Market Access Initiative (MAI) Scheme 10 Marketing Development Assistance (MDA) Scheme 11 MerchandiseContinue reading “Types of Export Incentive Schemes & Benefits in India”

May 19, 2019 09:52 (IST) Lok Sabha Election 2019 Phase 7: PM Modi’s Message To Citizens Today is the final phase of the 2019 Lok Sabha elections. I urge all those voting in this phase to vote in record numbers. Your one vote will shape India’s development trajectory in the years to come. I alsoContinue reading “2019 Election Phase 7 LIVE: PM Modi’s Constituency Varanasi Among Key Seats That Vote Today”

File Income Tax Return – Tax2win Central Board Of Excise & Customs E Commerce Portal : ICEGATE April 21, 2019 – GST (Goods and Services Tax) India “Mohan: Varun, have you ordered the Machinery from Germany for our new textile industry. Varun: Yes, I just checked the status of our order in ICEGATE services, it just reachedContinue reading “what is ice gate”

Table 1: Composition of Plastics Export (Provisional data)PRODUCT GROUP2016-17 2017-18USDMillionGrowth%% ofTotalUSDMillionGrowth%% ofTotalGRAND TOTAL 7,557.68 -1.04 100.00 8,850.18 17.10 100.00RAW MATERIALS 2,546.66 1.50 33.70 3,272.97 28.52 36.98PLASTIC SHEETS, FILMS, PLATESETC954.03 -1.25 12.62 1,173.84 23.04 13.26WOVEN SACKS/FIBC 579.05 -5.09 7.66 715.68 23.60 8.09PACKAGING ITEMS 598.63 15.80 7.92 670.75 12.05 7.58OTHER MOULDED & EXTRUDEDITEMS607.02 -0.57 8.03 627.36 3.35Continue reading “: Composition of Plastics Export (Provisional data) PRODUCT GROUP 2016-1”