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Importing and Exporting

Importing refers to the act of bringing services and goods from a foreign market into the country. Exporting, on the other hand, refers to the act of selling goods and services from the home country to other countries.

5,102 Questions

What is MODVAT?

Modvat stands for "Modified Value Added Tax". It is a scheme for allowing relief to final manufacturers on the excise duty borne by their suppliers in respect of goods manufactured by them. eg ABC Ltd is a manufacturer and it purchases certain components from PQR Ltd for use in manufacture. POR Ltd would have paid excise duty on components manufactured by it and it would have recovered that excise duty in its sales price from ABC Ltd. Now, ABC Ltd has to pay excise duty on toys manufactured by it as well as bear the excise duty paid by its supplier, PQR Ltd. This amounts to multiple taxation. Modvat is a scheme where ABC Ltd can take credit for excise duty paid by PQR Ltd so that lower excise duty is payable by ABC Ltd.

What are the main exports in Canada?

There are a number of main exports from Canada. These include crude oil, gas, cars, gold, as well as coal.

What are the major imports of China?

The major things imported by China are medical equipment, including optical equipment, machinery, metals, and cars. China spends about $1.8 trillion dollars per year on imports.

Who is Vivek Prabhakar?

=== === Other Group Companies VINI Group is which includes investment in Travel,Software Outsourcing,Garment Manufacturing & International Export .

What product should be internationally marketed?

Any product that can be effectively priced and shipped to an overseas location can be marketed internationally. You will want to find which demography applies to your product in your regions before advertising.

What are the exports of Venezuela?

America gets a greater percentage of oil from Venezuela than from the Middle East, and Venezuela has the largest oil reserves in the Western hemisphere--maybe the only oil in the WH; Texas was pretty much pumped dry by the mid 1970s.

Venezuela also exports petroleum, petroleum products, and aluminum

Which products should be marketed internationally?

Any product that may supply a need or want to a foreign market can be marketed internationally. As far as what product should be marketed, I wouldn't be too sure. It will depend on the region and the needs of that region's consumers.

Australia's imports and exports?

Australia's major imports are iron ore, coal, petroleum, gold, and wheat. The major exports of Australia are crude and refined petroleum, cars, and computers.

How many barrels of oil does the US import per year?

4.92 billion barrels (207 billion gallons) of petroleum products, including 3.65 billion barrels (153 billion gallons) of crude oil, were imported to the US in 2007. According to the Energy Information Administration, the US imported 10.0 million barrels per day of crude oil in 2007. This represents 66% of the 15.2 million bpd of crude oil processed in the US. The US consumed a total of 7.55 billion barrels of petroleum (including crude oil and various petroleum products) in 2007, of which 58% was imported. 7,550,000,000 barrels equals 317,000,000,000 gallons of petroleum. http://tonto.eia.doe.gov/ask/crudeoil_faqs.asp http://tonto.eia.doe.gov/oog/info/twip/twiparch/081029/twipprint.html http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_a.htm

How many barrels of oil does the US import?

The United States imports 10.6 million barrels of oil each day. The United States imports oil from about 80 different countries.

Why is there a tax on imported goods?

Taxes on foreign goods provide many governments a way of collecting revenue without creating the public outrage typically associated with increasing income taxes, sales taxes, or other more direct taxation methods.

What are the Advantages and disadvantages of imports to the UK?

Advantage of importing is that raw materials are brought into the country. Foreign goods may also come at a cheaper price. The disadvantage is that it could lead to erosion of domestic markets. It also leads to a reduction in prices of local goods thus making local industries noncompetitive.

What goods through trade make byzantine successful?

After silk worms were smuggled into Constantinople (from China, where their export was prohibited) in the 7th century, the city began producing valuable silks which fetched very high prices in the West. These included luxury silks woven with gold thread. Italian (especially Genoese and Venetian) & other merchants came to Constantinople for the products of Anatolia: cotton, rice, wheat, saffron, wax, wool, hemp, raisins, alum, valonia, slaves; cotton textiles & precious silks from Blikesir. Imports included valuable woolen cloth (saquirlat), tin & lead.

What are the top five exports of the United States?

The United States exports many products to countries all over the world. The top five exports are machinery, electronics, mineral fuels and oil, vehicles, and aircraft and spacecraft.

Which are the sea ports in china?

Which are the sea ports in China ? Which China sea port is nearest to Chennai port in India?

Shenzhen port is one of the biggest and nearest to chennai.. it is in south of china.

cheers

What is the job description of a cost accountant?

A cost accountant plays a big role in the accounting process of a business. Some of the job duties include data collection, inventory, analysis, and other basic accounting procedures.

What are Australia's top three main exports?

Our 3 top exports are Coal, Iron Ore and Education (sounds stupid but that includes students from overseas coming to Australian Universities to study). The next few in order are Gold, Tourism, crude petroleum and natural gas.

Source, ABS catalogue 5368.0. (2008)

What is a bill of exchange used for?

A bill of exchange is like a personal check. The person who wrote the check is instructing the bank (a third party) to cash the check for the payee. A promissory note is also a bill of exchange that instructs a person to pay a certain amount to another person.

What is the role of a beautician?

The role of beautician varies from shop to shop. Generally, they are responsible for hair, nails, and general skincare.

Metric ton is MT?

No. Scroll down to related links and look at "Tonne - Wikipedia".

What is Austria's climate like?

Austria's climate is considered temperate. This means they experience summer, winter, fall, and spring and the temperatures of these months are quite similar to what the north eastern US experiences.

What are Arizona's imports?

Arizona has many state imports. Some items that Arizona imports are tomatoes, gas turbine parts, watermelons, road tractors, and much more.