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ROLE OF EXPORT IMPORT BANK: Export-Import Bank of India was set up in 1982, for the purpose of financing, facilitating and promoting foreign trade of India. It is the principal financial institution the country for coordinating working of institutions engaged in financing exports and imports. The major functions of EXIM bank are as follows:
Finance: The present focus of Exim Bank is on export finance. The Bank finances export of Indian machinery, manufactured goods, and consultancy and technology services on deferred payment terms. Exim Bank finance is also available at export production stages.
Services: EXIM Bank provides information, advisory services to enable exporters to evaluate the international risks, export opportunities and competitiveness.
Research & Analysis: research & Analysis carried out on specific industry subsectors with export potonial, and international trade related subjects are provided to exporters.
KINDS OF PERILS : The cargo insurance policy can be as wide as to cover all possible kinds of risk and losses to which cargo could be exposed in transit. The event which lead to l
Forward Contracts : As you have learnt that entering into forward contract is one of the important method of dealing with the foreign exchange risk. Let us also remind you that in
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total jobbers in India ?
Services Policy : When Indian firms render services to foreign parties, they would be exposed to payment risks similar to those involved in export of goods. Services Policy offers
Income-Tax Exemption: In order to promote exports, tax incentives are granted under the Income-Tax Act. The major incentives are : 1) All export profits derived from export of
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