Import and Export Financing Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol – II iv. Directives of […]
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Import and export finance under Islamic mode Foreign Exchange deals with Foreign Trade & Foreign Remittance. Foreign Trade as well as Import & Export. Foreign Remittance as well as Inward Remittance & Outward Remittance. Foreign currency instruments such as Foreign draft, Traveler’s Cheque, Bill of Exchange, MT, TT and P.O. […]
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ISBP-International Standard Banking Practice The ISBP is a checklist of best practices worldwide for checking documents under the UCP, ICC’s universally used rules on letters of credit. Because the UCP rules are general in nature, it was necessary to define in greater detail the term “international standard banking practice”, first […]
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