The inspection by government official is against the Import Policy Order as well as it is expensive for the nation and not serving the real purpose. The inspectors are not liable for any incidence of wrong delivery.
PGDM EXIM PROCEDURES AND DOCUMENTATION PROJECT .docxskl services
for students pursuing import export would be helpful for taking reference.
• Understand the essentials of buying and selling of products and services to global markets
• Rules, Regulations and functions governed by Govt. authorities to control and ease of doing Import export business
• Strategies adopted to produce and deliver goods to compete in the global markets
• To know which documents are required to carry out export activity by the exporter
• To plan and augment operational and shipment activities
• To achieve the set goal of export targets by correct filing of documents to avoid loss/penalties that incur huge costs
• Both export import procedures are connected with documentation
• For inviting new start-ups to come and face up in the export import market by easy accessibility and adaptability.
• To encourage Indian exporters to promote their exports in international market – SEZ concept
• To help nation to achieve more and sustainable foreign exchange for the Nation
• To facilitate interaction and communication within state, central as well as international level
• To collaborate and interlink with foreign corporations working in the same field
• Economic advantages and protection while doing Import Export Business
• Unified system and classification adopted in Import Export business activities
• Facilitation, control and concept with intergovernmental organizations in international trade
Market Entry Strategy in China. A guide to lead foreign investors to take the right decisions on the business model and type of company to enter into Chinese market. The choice of the most suitable and profitable strategy or business model depends on a careful evaluation process of several heterogeneous factors, which directly and indirectly affect a specific business.
PGDM EXIM PROCEDURES AND DOCUMENTATION PROJECT .docxskl services
for students pursuing import export would be helpful for taking reference.
• Understand the essentials of buying and selling of products and services to global markets
• Rules, Regulations and functions governed by Govt. authorities to control and ease of doing Import export business
• Strategies adopted to produce and deliver goods to compete in the global markets
• To know which documents are required to carry out export activity by the exporter
• To plan and augment operational and shipment activities
• To achieve the set goal of export targets by correct filing of documents to avoid loss/penalties that incur huge costs
• Both export import procedures are connected with documentation
• For inviting new start-ups to come and face up in the export import market by easy accessibility and adaptability.
• To encourage Indian exporters to promote their exports in international market – SEZ concept
• To help nation to achieve more and sustainable foreign exchange for the Nation
• To facilitate interaction and communication within state, central as well as international level
• To collaborate and interlink with foreign corporations working in the same field
• Economic advantages and protection while doing Import Export Business
• Unified system and classification adopted in Import Export business activities
• Facilitation, control and concept with intergovernmental organizations in international trade
Market Entry Strategy in China. A guide to lead foreign investors to take the right decisions on the business model and type of company to enter into Chinese market. The choice of the most suitable and profitable strategy or business model depends on a careful evaluation process of several heterogeneous factors, which directly and indirectly affect a specific business.
The Importers Guide Product Quality ControlGlobal Sources
The importance of quality control in manufacturing cannot be emphasized enough. It can deliver the promise of a design innovation, or break it. It can spell the difference between the success and the failure of a product or a business. Ensuring quality, after all, guarantees branding, customer loyalty, repeat orders and new customers.
Companies looking to source quality products or components outside their borders cannot depend entirely on air, road or sea deployment to bring them to market. They have to be involved in the production process in some way, either directly or through other channels, and be able to conduct quality control inspection. This is to make sure every item shipped is based on the same high standard with no defect or other quality issues.
The Importer's Guide: Product Quality Control is a walk-through of the inspection process and discusses the steps and options available to companies sourcing products overseas. It covers the types of quality inspections and their requirements, a sample checklist, and industry- and country-specific standards on materials, products and manufacturing. The book also shares tips on how to resolve post-shipment disputes.
Are businesses subject to specific compliance requirements for undertaking im...Economic Laws Practice
The compliance requirements for undertaking import and export transactions may vary on a case-to-case basis. According to Economic Laws Practice, apart from regular compliances such as obtaining Importer Exporter Code (‘IEC’), Goods and Services Tax (‘GST’) registration, ICEGATE registration, it is also essential to consider the following in case of import or export of goods sold into/from India:
The experience of the other countries doesn’t support the fear of NBR officials. This conception of officials is a challenge of introduction of PCA in Bangladesh.
With the ratification of the TFA in 2016, Bangladesh has obligation to introduce PCA in the customs rule. The relevant SRO should be issues as early as possible.
Tax justice from 100 years old income tax law.pdfM S Siddiqui
Roughly 94 per cent of income-tax revenue comes from tax deducted at source. The Tax deduct as source (TDS) has been imposed at border during release of imported goods and services, supply of goods and services to government and corporates entities. This deduction is on gross sales value but not on net profit. The advances taxes are non-refundable and considered as tax on income. In many cases the tax burden are more than 100 percent of the net income of the business enterprises.
Bangladesh’s cross border transaction in Chinese RMB.pdfM S Siddiqui
Banks are finally allowed to maintain accounts in Chinese currency RMB with their correspondents or overseas branches for cross-border transactions executed in Bangladesh.
Meanwhile, China has introduced cross-border interbank payments system (CIPS) with the RMB as an alternative trading currency. CIPS payment system offers clearing and settlement services for participates in cross-border RMB payment and trade.
Over the last decade the Chinese government has consistently strived to overcome China’s dependence on foreign supplies in the sector, and as a result China’s market share in semiconductors has increased from 5 percent in 2010 to 13 percent in 2020, more than doubling in ten years. China is moving along with the planned schedule to achieve supremacy in manufacturing semi-conductors.
Evaluation of Bangladesh’s Data Protection Bill.pdfM S Siddiqui
The draft Data Security Law did not make difference between data privacy and data security and a big concern was how to maintain the privacy of such data. The problem is that the government has expressed a controlling attitude to make the law a control mechanism rather than data security and data privacy.
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The Importers Guide Product Quality ControlGlobal Sources
The importance of quality control in manufacturing cannot be emphasized enough. It can deliver the promise of a design innovation, or break it. It can spell the difference between the success and the failure of a product or a business. Ensuring quality, after all, guarantees branding, customer loyalty, repeat orders and new customers.
Companies looking to source quality products or components outside their borders cannot depend entirely on air, road or sea deployment to bring them to market. They have to be involved in the production process in some way, either directly or through other channels, and be able to conduct quality control inspection. This is to make sure every item shipped is based on the same high standard with no defect or other quality issues.
The Importer's Guide: Product Quality Control is a walk-through of the inspection process and discusses the steps and options available to companies sourcing products overseas. It covers the types of quality inspections and their requirements, a sample checklist, and industry- and country-specific standards on materials, products and manufacturing. The book also shares tips on how to resolve post-shipment disputes.
Are businesses subject to specific compliance requirements for undertaking im...Economic Laws Practice
The compliance requirements for undertaking import and export transactions may vary on a case-to-case basis. According to Economic Laws Practice, apart from regular compliances such as obtaining Importer Exporter Code (‘IEC’), Goods and Services Tax (‘GST’) registration, ICEGATE registration, it is also essential to consider the following in case of import or export of goods sold into/from India:
The experience of the other countries doesn’t support the fear of NBR officials. This conception of officials is a challenge of introduction of PCA in Bangladesh.
With the ratification of the TFA in 2016, Bangladesh has obligation to introduce PCA in the customs rule. The relevant SRO should be issues as early as possible.
Tax justice from 100 years old income tax law.pdfM S Siddiqui
Roughly 94 per cent of income-tax revenue comes from tax deducted at source. The Tax deduct as source (TDS) has been imposed at border during release of imported goods and services, supply of goods and services to government and corporates entities. This deduction is on gross sales value but not on net profit. The advances taxes are non-refundable and considered as tax on income. In many cases the tax burden are more than 100 percent of the net income of the business enterprises.
Bangladesh’s cross border transaction in Chinese RMB.pdfM S Siddiqui
Banks are finally allowed to maintain accounts in Chinese currency RMB with their correspondents or overseas branches for cross-border transactions executed in Bangladesh.
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Over the last decade the Chinese government has consistently strived to overcome China’s dependence on foreign supplies in the sector, and as a result China’s market share in semiconductors has increased from 5 percent in 2010 to 13 percent in 2020, more than doubling in ten years. China is moving along with the planned schedule to achieve supremacy in manufacturing semi-conductors.
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The draft Data Security Law did not make difference between data privacy and data security and a big concern was how to maintain the privacy of such data. The problem is that the government has expressed a controlling attitude to make the law a control mechanism rather than data security and data privacy.
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
1. PSI of govt purchase contrary to import policy
https://businesspostbd.com/post/25628
M S Siddiqui
28 Aug 2021 00:23:24 | Update: 28 Aug 2021 00:23:24
Different Ministries very often let their officials of different purchasing
authorities including few officials of the ministry to go abroad for pre-
shipment inspection (PSI) at the “expenses of suppliers” with the condition
that these inspection period as official duty and they will submit a report after
return about the inspection before shipment.
The government officials are not technical experts on specification and quality of
all goods and services but they inspect the consignments before shipment. They
don’t undertake the liability of supply of poor quality materials. This is an
opportunity of government officials to go abroad but without apparently any
liability.
In an inspection, supply of poor quality equipment has been surfaced with the
intervention of Trade Union Leaders. General Secretary of BIWTC Sramik Union
sent letters to shipping minister, shipping ministry’s parliamentary standing
committee Chairman, shipping secretary and BIWTC Chairman on November 23,
2020 demanding punishment against corrupt officials involved in procuring non-
functional fog lights. The authority became active upon such disclosure.
This dispute of supply of interior quality equipment of BIWTC went to court
against confiscation of security money of the supplier. It appears that government
is not holding the team of inspectors consisting of officials of ministry for the
supply of poor quality equipment. In this occasion, one official from the
Corporation and three officials from the shipping ministry went to USA for
inspection.
2. There is no provision in the Public Procurement Rule 2008 about PSI by officials
of purchasing authority or relevant ministry. As per Import policy order of
Bangladesh government, pre-shipment Inspection of goods for import in the public
sector for the value of a single item authorized for import is Tk 50 lac or above.
The importing department shall arrange Pre-shipment Inspection. The PSI shall be
entrusted to internationally reputed surveyors only.
In a few situation public sector agencies may however, be allowed to clear goods
on production of a certificate from their Administrative Ministry to the effect that
pre-shipment inspection requirement has been waived by that Ministry in respect
of the imported goods or that no pre-shipment in respect of a particular
consignment was considered necessary. Therefore, no such arrangement of
inspection by government or departmental officials but only by internationally
reputed surveyor as this is a technical job and need expert knowledge.
The purchasing authority insert a clause of PSI in the tender document to read as
“to ensure quality, quantity, packing, marking, and loading, etc, as per purchase
order, inspection of the imported goods shall be arranged at suppliers cost prior to
shipment through inspection officials. Such a rule of tender is contrary to the
Import Policy order of the government.
According to procurement policy, the purchaser shall have the right to test the
goods to confirm their conformity to the contract specifications. The technical
specifications of the materials shall specify what tests the purchaser requires and
where they are to be conducted. The supplier shall at its own expense and at no
cost to the purchaser, carry out all such tests of the goods and related services as
are specified in the Contract. The purchaser may reject any goods or any part
thereof that fail to pass any test and/or inspection or do not conform to the
specifications. The supplier shall either rectify or replace such rejected goods or
parts thereof or make alterations necessary to meet the specifications at no cost to
the purchaser, and shall repeat the test and/or inspection, at no cost to the
purchaser, upon giving a reasonable advance notice.
As of global practice, the standard pre-shipment practice to inspect and keep mark
of inspection and usually put the material/equipment into the containers and lock
and seal the container. During the unloading of the consignment from the same
inspectors will present at the port to open the seal and lock. There is no such policy
or guideline of PSI of government procurement in Bangladesh.
3. In case of Bangladesh, the high officials do not remain present during loading of
consignment in the container and not personally put seal on the lock. They never
go to the place of opening of the container either at the port or at the site of the
project. The PSI is meaningless without presence of inspectors or their
representative during loading and unloading of the consignment from the
container. The visiting high officials only give a report to the ministry. The process
has many loopholes for manipulations.
There is an argument that the visit cost nothing to the government but while the
suppliers offer free trips these are not free as any such expenses are included in the
cost of products as contingency expenses by the suppliers usually for corrupt
countries.
The procurement process has rule for determination of specification of the
products, scrutiny of technical offer and PSI of the products. The preparation of
specification and evaluation of technical documents for international procurements
vested to the experts but the PSI in other country is reserve for the non-technical
high officials. The procurement rule also allowed outsourcing of external export to
support the procurement.
On the other hand, the PSI needs very specialised knowledge and there are many
reputed local, regional and multinational companies. They usually don’t travel to
other countries to avoid the cost. The surveyor(s) inspect the consignment before
shipment and their representative(s) in the destination country present personally
during opening of the container to confirm the intact seal and lock to ensure the
delivery of inspected materials. The inspecting company also liable for quality and
quantity of the consignment.
In case of Bangladesh government purchase, inspectors are not responsible for the
wrong delivery of the consignment due to lack of proper inspection. The
purchasing authority usually shift the responsibility on the supplier despite having
inspection report of high government officials.
The inspection by government official is against the Import Policy Order as well as
it is expensive for the nation and not serving the real purpose. The inspectors are
not liable for any incidence of wrong delivery. According to a research article on
purchase of LGED - “In many cases, project officials and ministry officials enjoy
the foreign trips in the name of PSI which is simply misuse of public fund”. The
best value for money is not always achieved in case of procuring goods in the
public sector organizations.