Every project is subject to a number of variables – either Favorable Factors or Adverse Factors that can affect its progress and outcome. Identifying all the possible Risks is the First Step to Analyse Risks for Prioritization, then calculate Quantitative Impact, Developing Risk Responses or Strategies, Implementing pre-determined action plans or Address Risks Appropriately if […]
What is Procurement? Procurement is a Formal end-to-end process that covers everything from Planning, Sourcing to Negotiating Prices & other Terms, Selecting Vendor, Placing the Purchase Orders, making the Purchases and Acquisition of Goods and / or Services from outside the Organization and Receipt of the Goods. Procurement Function support the Business Activities that are […]
COVID -19, lead to Supply-Chain Disruptions & Blockages that has a Significant Economic Effect, Health, Safety and Social Impacts Globally – like Delivery Delays, Increased Costs, Shortage of Labor, Shortage of Inputs, Shut down of Operations, Health Issues of People, Job Loss, Income for Survival, Increased Inflation etc… etc…. and created a lot many uncertainties. […]
SEZ : Overview Special Economic Zones (SEZ) in India is a specially delimited enclave. Most importantly, the economic laws in this geographical area are different from the prevailing laws in other parts of India. An SEZ is deemed as a Foreign Territory for matters that relate to the Trade Tariffs, Duties, and Operations. To instill confidence […]
Remission of Duties or Taxes on Export Products (RoDTEP) was introduced for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market by Refund un-refunded Taxes or Duties / Levies, not Exempted or Rebated at Present by any other Mechanism. Government Issued an Advisory on 1st Jan’2021, […]
Remission of Duties or Taxes on Export Products (RoDTEP) was introduced for the Exporters to make Indian products cost-competitive and create a level playing field for them in the Global Market by Refund un-refunded Taxes or Duties/Levies, not Exempted or Rebated at Present by any other Mechanism. Government Issued an Advisory on 1st Jan’2021, to implement […]
An Enterprise Risk Assessment (ERA) is a Systematic and a Continuous Process of Pro-actively Identifying Potential Risks of an Organization and Assessment of their Impact and Likelihood of Potential Future Risk Events that are most Consequential to the Organization’s Ability to execute its Strategy and Achieve its Business Objectives within a Stated Time Horizon. What […]
Remission of Duties and Taxes on Exported Products (RoDTEP) Rates Announced : Exporters Expressing Displeasure After a long wait Government has announced Remission of Duties and Taxes on Exported Products (RoDTEP) Rates for 8,555 Products and set aside ₹12,454 crore for refunds under the scheme for the current fiscal, that came as a huge relief […]
Re‐export is sending back goods imported for specific purposes like jobbing, execution of a contract, servicing/repairing of machineries, display in fair/exhibition etc. It also happens when indigenously manufactured goods were returned back after export and re‐imported for repairing/reprocessing etc. due to reasons such as defective, not meeting buyer’s requirement etc. Re-Export of Goods may also […]
For Promotion of Exports India has Framed various types of Schemes to Rebate or Refund the Taxes. Currently available Schemes are Advance Authorization Scheme, Export Promotion Capital Goods Scheme (EPCG), Duty Drawback, EOU Scheme & SEZ Scheme. All these Export Promotion Schemes were framed under premise of Neutralizing Incidence of Taxes based on Universally Accepted […]
