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Business Terminology

Advance-Authorization-Scheme-tpci
Advance Authorisation Scheme

The Advance Authorisation Scheme under FTP 2015-20 allows the manufacturer exporters and merchant manufacturers to imports inputs duty-free. All items except import items prohibited in ITC (HS) and th...

RoDTED
RoDTEP Scheme

RoDTEP will allow reimbursement of taxes & duties, which are not exempted or refunded under any other scheme in accordance with WTO....

TPCI_De-minimis
De minimis

The WTO defines de minimis provision as the “minimal amounts of domestic support that are allowed even though they distort trade”....

Franchise

Franchises allow businesses to use market-tested products & services, and in many cases established brand recognition. But they entail heavy start-up costs....

Global value chains (GVCs)
Business Terminology : Global value chains (GVCs)

Intermediate products cross several borders in GVCs in different stages of production before they are turned into final goods for consumption....

Business Terminology Rules of Origin
Rules of origin

Rules of origin are specific provisions designed to establish origin of good. They are important as duties & restrictions may depend upon source of imports....

Contract Farming
Contract farming

The Food & Agriculture Organization defines contract farming as an agreement between farmers and processing and/or marketing firms for the production and supply of agricultural products under forward ...

TPCI IPR
Business Terminology – Intellectual Property Rights (IPR)

Intellectual property rights enable people to earn benefits from what they invent/create, but are challenged by differing legal interpretations and policy approaches across countries....

Cost Insurance and Freight

A common method of import and export shipping, CIF determines when the responsibility for goods transfers from the seller to the buyer. It is an expense borne by a seller to cover the costs, insurance...

Most Favoured Nation

Most Favoured Nation is a non-discriminatory trade policy that requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other WTO memb...

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