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Azadi & Export Promotion essay


Azadi & Export Promotion essay

Azadi & Export Promotion essay 

When we export goods and we received payment in foreign currency, its export so here goods are going to another country as an export In this way if you export service like banking doctor engineer and getting foreign currency, Its also export So what is the benefit of export, to maintain the balance of payment export is beneficial 

When we export we get foreign currency & when we import we reduce foreign currency In this case if we import more then our trade is in deficit For exp. if we import more then we need to pay foreign currency to another county so how to manage this trade deficit 

If export then it can be managed because we get foreign currency so govt promote export to earn foreign currency for this govt provide some schema the first govt impose import barrier as a duty if we import than our country foreign currency reduce so govt stop import in duty form So govt apply duty on import goods 

So the value of goods will be increase and importers will prefer domestic goods in this way govt. apply trade barrier on import Govt apply anti-dumping duty if the price is low then domestic market govt apply duty to make the value of goods equivalent to domestic market some country dump goods in a low value of goods to earn foreign currency and damage the domestic market due to this, we lose foreign reserve and also affect the domestic market 

So govt apply duty so the value of goods increase and importer prefer domestic goods govt apply high duty on a luxury item like a wine petrol car so that people will not import such goods so these are the way to save foreign reserve what are the benefits of export we are learning this session because we will know what are benefits of export by export goods, 

we get foreign currency for our country Sales and profit will be increased by export, enhance domestic competitiveness you will gain global market share when you export per unit cost will decrease you will get export experience by exporting goods 

Every product has a life cycle. in the end product reach at decline state if you export the goods the life cycle will increase Now we will understand what schema govt provide to exporter so export promotion schema provided by govt is EPCG In EPCG schema if you import machine and use in manufacturing unit and export finish goods, in this case, no duty need to pay import such machine (capital goods) in simple language

If you import a machine for export production in this case no duty need to pay this is under EPCG schema in RODTEP schema as per HS code, you will get duty scrip after export. you can pay customs duty or transfer to another exporter by this scrip when you export service from India then after export, you will get duty scrip and this scrip is received in exporter account as per HS code in the advance authorization 

If you are importing raw material from other counties and after production, if you export finish goods then no duty need to pay in this schema in the case of DFIA you can import raw material on post export basis, in this case basic custom duty will be free under this schema in DBK schema you will get duty drawback in your account after export,

DBK base on HS CODE So govt provide these benefit we need to export the goods and we need to the strong foreign reserve of our country in this session we have learned how export is important for us and whats benefit to get by govt.

 आजादी के महत्व की कहानी हिंदी 

Also read:Azadi ka Amrit Mahotsav essay 

Also read: Import Substitution Atmanirbharta ki Aur Essay



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