Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Solution

Advance license scheme : It is a scheme under which an exporter is allowed duty free supply of domestic as well as imported inputs required by the manufacture of export goods.

The advance licenses are available to both the type of exporters—those who export on a regular basis and also to those who export on an adhobasis.

Some More Questions From International Business - II Chapter

Give meaning of WTO agreement.

Give the steps involved in the import of goods taken by one country.

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International Business - II

Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Some More Questions From International Business - II Chapter

Give meaning of WTO agreement.

Give the steps involved in the import of goods taken by one country.

Briefly explain “Advance license scheme” announced by Government of India to promote foreign trade.

Briefly explain “export promotion capital goods scheme”.

Which documents must be submitted to obtain IEC number ?

What is the main objective of WTO?

Write down any three features of international business.

Write down full name of EPZ and SEP.

Write the full name of GATT.

Write down any two advantages of WTO.

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