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Managing multiple currencies is essential for freelancers, especially in India, where the freelance economy is booming. With the market expected to reach between $20 billion and $30 billion by early 2025, international clients are a major growth driver. In this article, we’ll explore effective strategies to optimize exchange rates,
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In agricultural export products, the Agricultural and Processed Food Products Export Development Authority (APEDA) holds an essential position in advertising and monitoring the export schedule from India. To pursue business in international platforms, one needs to make a requirement for APEDA registration, especially for exports. This article discusses the entire
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The Marine Products Export Development Authority of India plays an important role in the promotion and regulation of the country’s marine products. It was formed in the year 1972 and is authorized to ensure the seafood is up to international quality and sustainable fishing practices as well. Any entity
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The apparel industry is an important sector of the Indian economy, contributing greatly to the employment and export earnings of this country. The Apparel Export Promotion Council (AEPC) aims to play a significant role in facilitating growth and supporting apparel exporters. It will discuss the process for AEPC registration, its
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Deemed export under gst significantly support domestic manufacturing and enhance competitiveness in the international market. Suppliers in India manufacture goods that do not physically leave the country but treat them as exports for tax purposes. This classification enables suppliers to take advantage of several tax benefits and recoveries. Thus, businesses
International Trade & Finance
Exporting Indian goods into the international competitive market is full of many cost-benefit challenges. The Government of India has introduced the ‘RoDTEP Scheme’ (‘Rebate of Duties and Taxes on Exported Products’) under the current administration to relieve some of these pressures. The scheme aims to compensate exporters for duties and
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The RoSCTL Scheme (Rebate of State and Central Taxes on the Export of Goods) is one of India’s major initiatives, which lifts a wide range of exports. The scheme gives exporters rebates on state and central taxes, increasing their competitive space in the global market. In this article, we
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International trade is a competitive landscape. Hence, exporters often look to minimize their costs to maximize their profitability. The most efficient tool for them is Duty Credit Scrip (DCS). This is one of the most vital components of the Indian government’s export incentives. It will explain what Duty Credit
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The Advance Authorization Scheme of the Government of India is a key initiative to boost exports by allowing duty-free import of inputs used in manufacturing products for export. Overall, the reduction in total production cost enhances Indian products’ competitiveness in world markets. The Advance Authorization Scheme encourages exporters to obtain
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The export sector in India is imperative to the country’s economy as it constitutes substantial foreign exchange earnings and sources of employment. The Indian government has instituted various incentives to spur more exports and improve competitiveness in foreign markets. The Foreign Trade Policy (FTP) outlines these incentives and serves
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The NIRVIK Scheme – officially Niryat Rin Vikas Yojana – is one of the very important schemes introduced by the Government of India in favor of small-scale exporters. NIRVIK was announced by Finance Minister Nirmala Sitharaman in the Union Budget for 2020-21, with the main objective of easing credit availability and increasing
International Trade & Finance
Recently, India has made some significant strides regarding the improvement of export capacities to boost its economy further and consolidate its export position in the international market. Most vital among these are the Merchandise Export Incentive Scheme (MEIS). The product of the scheme has been the incentive mechanism that assisted