ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An exporter needs to apply different forms of shipping bill/ bill of export for export of duty-free goods, the export of dutiable goods and export under drawback, etc. Under EDI System, declarations in the prescribed format are required to be filed through the Service Centers of Customs.

Detailed explanation-2: -What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.

Detailed explanation-3: -Export Definition. Goods and services produced in one country but supplied to buyers in another are known as exports. International trade is made up of exports and imports.

Detailed explanation-4: -The correct option is B international trade. The process of buying or selling goods is called trade. There are two types of trade: International trade and Domestic trade. The puchase or sale of goods across borders is called International trade.

Detailed explanation-5: -Assess your company’s export readiness. Build an export plan. Research and select your target market. Create an export marketing plan. Determine the best methods of delivering your product or service to your target market. Develop a sound financial plan. Understand the key legal aspects of international trade.