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प्रश्न
State True or False.
Letter of Credit is required for obtaining export license.
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उत्तर
This statement is false.
Explanation:
An export license is a document issued by the government that allows a business to export certain goods to specific destinations. On the other hand, a Letter of Credit is a financial instrument issued by a bank to guarantee payment to the exporter once the terms of the export contract are fulfilled.
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संबंधित प्रश्न
Which one of the following is not amongst India's major export items?
State True or False.
Maintaining high quality is necessary to sustain in export business.
Study the following case/situation and express your opinion.
| Anurag is selling goods to Japan Kavita is buying goods from USA where as Ganesh is buying raw material from South Africa and after processing it sells finished goods to Malaysia. |
Who is exporter?
Distinguish between the following:
Import trade and export trade.
Answer in brief.
Explain post-shipment stage of export procedure.
An ______ is document prepared by importer an sent to the exporter to buy the goods
What is meant by Indent?
What is meaning of consular invoice?
What is meant Charter Party?
Write a short note on Mate’s receipt?
Explain the various functions of Export Trading Houses.
What does export trade refer to?
Which of the following is an advantage of export trade?
Which is a disadvantage of export trade?
What is a real-life example of export trade from India?
