Question
What is the primary objective of the India-Korea
Electronic Origin Data Exchange System (EODES), recently launched in New Delhi, and how does it contribute to facilitating trade under the India-Korea Comprehensive Economic Partnership Agreement (CEPA)?Solution
The primary objective of the India-Korea Electronic Origin Data Exchange System (EODES) is to facilitate the implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA) by electronically exchanging origin information between the customs administrations of both countries. This system expedites the clearance of imported goods by enabling the electronic sharing of data fields in a Certificate of Origin (CoO) immediately upon issuance. It is a significant step in enhancing international Customs cooperation and aims to set a global template for similar initiatives.
If an ad-hoc credit limit sanctioned by a bank is not reviewed and the account shows no activity, when does it become an NPA?
The Companies Act 2013, contains ________.
Any casual vacancy in the office of an auditor shall in the case of a company whose accounts are subject to audit by an auditor appointed by the Comptro...
A company transfers semi-finished goods from Process 1 to Process 2. Normal loss in Process 1 is 10%. If 10,000 units are input and 8,800 units are tran...
Which of the following is NOT a component of an accounting system?
Consider the following journal entry:
In what circums...
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Under the equity method of accounting for associates (AS 23), the investment is initially recorded at cost and subsequently adjusted for:
Under SA 240, the auditor’s responsibility relates to identifying and assessing risks of material misstatement due to fraud. If a whistleblower inform...
Relevant for Exams:
