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Forms AR4/AR4A are documents used in India for the clearance of excisable goods for export. These forms certify that the goods are being exported without the payment of excise duty, provided they meet specific conditions. The forms ensure compliance with excise regulations, facilitate duty-free export, and are crucial for obtaining export incentives and benefits.
Fourth-party logistics (4PL) refers to a logistics service provider that manages and integrates the entire supply chain on behalf of a client. A fourth-party logistics provider (4PL) offers a more comprehensive service by overseeing the entire supply chain, which encompasses not just fulfillment and shipping, but also transportation and technological
Learn moreA green clause letter of credit is a type of letter of credit that allows the beneficiary to receive an advance payment before shipping the goods. This arrangement provides the exporter with working capital while ensuring the buyer's interests are protected. From the buyer's perspective, a
Learn moreThe harmonized system (HS) code is an internationally standardized system of names and numbers for classifying traded products. Developed by the world customs organization (WCO), the HS code is used by customs authorities worldwide to identify goods, apply tariffs, and gather trade statistics. It ensures consistency and efficiency in international
Learn moreThe import of capital goods refers to bringing in machinery, equipment, and tools necessary for production processes. These imports are often encouraged by governments to boost industrial and economic growth. In India, schemes like the export promotion capital goods (EPCG) scheme provide duty concessions for importing capital goods, thus helping
Learn moreAn indemnity policy is an insurance agreement where the insurer agrees to compensate the insured for any losses or damages incurred, up to a specified limit. This policy provides financial protection against specified risks, ensuring that the insured is restored to their financial position prior to the loss.
Learn moreThe international bank account number (IBAN) is a standardized format for identifying bank accounts across international borders. It includes the country code, bank code, and account number, making it easier to process international transactions accurately and efficiently. For example, an IBAN for a bank account in Germany might look like
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