Export/Import of Goods and Services: FEMA also includes current account operations including the export and import of goods and services in addition to fostering and regulating FDI. Additionally, there are different time frames for either realising payments for exports or making payments for imports....
Section 7covers the export of goods and services. All exporters are required to furnish to the RBI or any other authority, a declaration regarding full export value. Section 8puts the responsibility of repatriation on the persons resident in India who have any amount of foreign exchange due or ...
Receivables discounting: Sellers of goods and services sell individual or multiple receivables to a finance provider at a discount. Factoring: Sellers of goods and services sell their receivables at a discount to a ‘factor’. Typically, the factor becomes responsible for managing the debtor portfolio...
The regulatory response of the Reserve Bank since the onset of the COVID-19 pandemic has focused on mitigation of the immediate impact on debt repayments by the borrowers, enabling credible resolution of stress of the borrower entities and, facilitating credit flow to the economy, while keepi...
Traditional sectors dominated the share of exits greater than $100 million. Healthcare and manufacturing showing the largest increase in exit value. Topic: Taxation 4. Wooden ice-cream sticks and spoons will attract Goods & Services Tax (GST) at the rate of 12%. Karnataka’s Authority for Adv...
6. Netherlands emerged as India's 3rd largest export destination in 2023-24. During 2023–24, the Netherlands has emerged as India's third largest export destination after the US and UAE. India mainly exported petroleum products ($14.29 billion), electrical goods, chemicals, and pharmaceuticals ...
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