The government has announced a one-time relaxation with respect to maintaining the average export obligation under the Export Promotion Capital Goods (EPCG) scheme. Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation.The latest relaxation will be available for hotel, healthcare, and educational sectors. This relief will help the hotel, healthcare and educational sectors to cope with the negative impact of the pandemic on their export activities. These sectors will also have the option to extend the export obligation period for a longer duration without having to pay any additional fees. Learn Along: Ministry of Commerce and Industry Union Minister: Piyush Goyal EPCG Scheme- EPCG (Export Promotion Capital Goods) Scheme helps in facilitating the import of capital goods for manufacturing quality goods and to augment the competitiveness of India’s export. It enables the import of capital goods that are used in the pre-production, production, and post-production without the payment of customs duty.
Which of the following is the secondary function of Banks?
I. Collecting and supplying business information.
II. Issuing letters of c...
_____________ is a cheque presented for payment after three months from the date of the cheque.
The Reserve Bank of India was set up on the basis of the recommendations of the ________ Commission.
IFRS stands for _______
Who gets the status of Public Sector Banks of India?
Which committee was established to form Nabard?
ALM stands for
In the terms of banking, what does 'R' pertain to in GIRO?
MUDRA Bank has been inaugurated in 2015, what is the full form of MUDRA?
...Any rupee note, which has a political slogan is not a legal tender as per.
