Kaizen

Counter Trade : Conter trade refers to any one of some(prenominal) different arranagements by which goods and services ar traded for each opposite on eeither bilateral or multilateral basis. There are variety of forms of antagonistic trade. Basically it is barter or quasi(prenominal) barter agreement where cash may not expect but there is \always a link mingled with the importingings and exportings transactions . in othere words imports are paid away oif exports in counter trade. For example India exports iron and steel against import of h eavy machinery under a contract it is called a counter trade transaction.EXIM Policy 2004 2009 (i)To promote modernization of our manufacturing and services exports, the import duty under the EPCG scheme is creation reduced from 5% to 3%. ii) Refund of tax on a self-aggrandising number of services relating to exports has already been announced by the G overnment. A few remaining issues regarding refund of service tax on exports would also be resolved soon. iii) Income tax benefit to degree Celsius% EOUs available under Section 10B of Income Tax Act is being extended for one more year, beyond 2009. iv) Sports and toys are mainly produced by our unorganized labour intensive sector.

To promote export of these items and also to compensate disadvantages suffered by them, an additional duty character of 5% over and above the credit under digest Product Scheme is being provided. v) Our export of fresh fruits and vegetables and cultivation suffers from high incidence of freight cost. To neutralize this disadvantage, an additional credit of 2.5% over and above the credit available under VKGUY is proposed. vi) Interest support already granted for sectors affected adversely by the penchant of the rupee is being extended for one more year. vii) The DEPB scheme is being continued till May 2009. VISHESH KRISHI AND GRAM UDYOG YOJANA (VKGUY) (SPECIAL cultivation AND VILLAGE INDUSTRY SCHEME) Objective 3.8.1 Objective of VKGUY is to promote exports of (i) Agricultural capture and their value... If you want to get a full essay, order it on our website: Orderessay

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