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Letter of credit operation chart

Letter of credit operation chart   Explain of the the above image: Exporter ↔ Importer: Negotiation. Importer → Importer Bank: Import license, L/C Exporter: Commodity Importer Bank → Exporter Bank: …

Export import tutorial

Export import tutorial IMPORT Step One: THE PLAN The first step when importing is to determine why you are importing.  Ask yourself the following three questions: Is the product(s) you …

Objectives of Exchange Control

Objectives of Exchange Control (i) Protection of Balance of Payments. One of the important objectives of exchange control is protection of balance of payments. When the balance of payments deficit …

Foreign Exchange Regulation Act 1947

Foreign Exchange Regulation Act 1947 Foreign Exchange Regulation Act 1947: There is an elaborate machinery to effectively operate the exchange control and regulation in the country. The machinery comprises the authorities …