What Do You Mean By FOB Price Quotation?
FOB Price Quotation. Under FOB quotation, the seller quotes a price which includes all expenses incurred till the goods are actually loaded on...
meaning
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What Do You Mean By Skimming Pricing Strategy?
Skimming Pricing Strategy. Skimming pricing strategy relates to the strategy of setting the price high in order to take away the cream of the...
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What Do You Mean By Transfer Pricing Strategy?
Transfer Pricing Strategy. Transfer pricing refers to the pricing of various goods and services among subsidiaries of multinational corporations. These subsidiaries trade among themselves...
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What Is The Meaning of BEP?
BEP: Break-even point (BEP) is that level of sales at which the total revenue is equal to the total cost. It is...
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What Is The Meaning of MODVAT?
MODVAT: Modvat stands for Modified Value Added Tax. It is a scheme for allowing relief to final manufacturers on the excise duty borne by their...
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What Is The Meaning of Deemed Export?
`Deemed Export’. Deemed exports are export-like. They are not physical exports. They refer to those transactions which are completed within the country and the...
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What Is The Meaning of IRMAC Scheme?
IRMAC Scheme. IRMAC stands for Industrial Raw Material Assistance Centre. Under IRMAC scheme, imported raw materials are supplied at competitive rates to small exporters....
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What Is The Meaning of EPCG?
EPCG: EPCG stands for Export Promotion Capital Goods Scheme. Under this scheme, capital goods can be imported at a low duty of 5 per cent...
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What Is The Meaning of Embargo?
Embargo An embargo is a refusal to sell to a specific country. In the past, US had imposed embargo on Iran, Iraq and Cuba. When...
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What Do You Mean By Quotas?
Quotas Quotas are non-tariff trade barrier which impose quantitative restrictions. A country fixes in advance the limit of import quantity of a commodity that would...