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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?
Which one of the following is not amongst India's major import items?
State True or False.
Maintaining high quality is necessary to sustain in export business.
Correct the underlined word and rewrite the following sentence:
Export trade refers to the purchase of good and services from foreign country
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
The Exporters appoint the ______ agent to fulfill the customs formalities
What is meant by Indent?
What is meaning of consular invoice?
What are the procedures relating to Export trade?
What are the documents used in Export Trade?
What does export trade refer to?
What is a real-life example of export trade from India?
Which key point summarizes the concept of export trade?
