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The Rebate of State Levies (RoSL) Scheme aims to rebate all state-level taxes and levies on export goods, particularly in the textiles sector. By reimbursing these costs, the scheme ensures that exported products are competitive in the international market, thus promoting Indian exports by reducing the overall cost burden on exporters.
A Red Clause Letter of Credit is a type of letter of credit that allows the beneficiary to receive an advance payment, typically against a receipt, before shipping the goods. This advance helps the exporter finance the production or purchase of goods, providing liquidity and facilitating smoother international trade transactions,
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Risk Retention involves a business or individual keeping or absorbing the financial impact of certain risks rather than transferring them to an insurer or third party. This strategy is often used when the cost of insuring the risk is higher than the potential loss, or when the risks are considered
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Risk Transfer is the process of shifting the financial burden of certain risks from one party to another, typically through insurance or other relevant contractual agreements. By transferring risk, businesses can protect themselves against significant financial losses and ensure more predictable financial outcomes. Examples include purchasing insurance policies or outsourcing
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Sanctions are measures imposed by governments or international trade bodies to restrict or prohibit trade and financial transactions with specific countries, entities, or individuals. Sanctions aim to achieve foreign policy and national security objectives by exerting economic pressure to influence behavior and compliance with international norms, often targeting those involved
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The Single Euro Payments Area (SEPA) is an initiative by the European Union to simplify and standardize electronic payments in euros across member countries. SEPA enables consumers and businesses to make and receive payments under the same conditions, rules, and costs within Europe, enhancing the efficiency and integration of the
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Settlement of Disputes refers to the process of resolving disagreements or conflicts between parties, typically through negotiation, mediation, arbitration, or litigation. Effective dispute settlement mechanisms are crucial for maintaining business relationships and ensuring legal and contractual obligations are fulfilled. The chosen method depends on the nature and complexity of the
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