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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
State True or False.
Maintaining high quality is necessary to sustain in export business.
Distinguish between the following:
Import trade and export trade.
Answer in brief.
Explain post-shipment stage of export procedure.
EPC stands for ______.
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?
Write any two export promotion institutions.
What is meant Charter Party?
Write a short note on Mate’s receipt?
What are the procedures relating to Export trade?
What are the documents used in Export Trade?
Explain the various functions of Export Trading Houses.
Which is a disadvantage of export trade?
What is a real-life example of export trade from India?
Which key point summarizes the concept of export trade?
