What is an Electronic Bank Realization Certificate (eBRC)? An Electronic Bank Realisation Certificate (eBRC) is a digitally generated document issued by an authorized dealer bank to confirm that an exporter has received foreign exchange against an export of goods or services. It is the core proof of realization of export proceeds, replacing the old physical …
IEC in the Denied Entity List (DEL): Compliance, Consequences, and Corrective Mechanisms under India’s Foreign Trade Policy Introduction The smooth functioning of India’s international trade ecosystem depends on adherence to regulatory obligations under the Foreign Trade Policy, Customs Act, and Directorate General of Foreign. Under this blog mentioned the Guidelines for maintaining the Denied Entities …
Highlights of India’s Foreign Trade Policy 2023-28 The comments based on the talk by Directorate General of Foreign Trade on presentation of India’s Foreign Trade Policy. The policy document should be studied to validate the main feature. It is India’s Foreign Trade Policy 2023 (& not 2023-28). There is no end date for the policy. India’s Foreign …
PROFESSIONAL UPDATE CREDIT RISK A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows and increased collection costs. From Today we will discuss about Export Credit Guarantee Commission of …
Schedule II of Companies Act, 2013 Section 123 of the Companies Act, 2013 requires every company to provide depreciation in accordance with the provisions of Schedule II. This section has come into force with effect from 1st April 2014 implying that the Companies will be required to compute depreciation in their financial statements for the …