Export Promotion Organization (EPO):

  • It is set up by the government
  • It keeps importer/exporter update about the latest development in the respective field
  • Total 29 EPOs are present in India
  • EPO organizes seminar, workshops, Invite delegation, organize Buyer-Seller meet in India & Abroad
  • It helps in putting up suitable plans to promote Indian Export
  • Advise government to formulate new policies
  • Monitor the effect of government policies on Export-Import
  • Interacting with the government on behalf of the exporting community

Federation of Indian Export Organization (FIEO):

  • FIEO controls all the EPOs
  • It is an organization where an exporter can register himself for multiple products (Merchandise Export)
  • FIEO information center has a well-established database & provides useful information on India’s export sector.
  • India’s imports commodity-wise, port-wise, etc. is also made available

Exchange Rate Mechanism:

  • Banks are Authorised Dealer (AD) for foreign exchange
  • Bank PURCHASE foreign exchange from EXPORTER
  • Bank SELL foreign exchange to IMPORTER
  • EXPORT transaction brings INWARD REMITTANCE
  • IMPORT transaction is OUTWARD REMITTANCE

Direct Quotation Method: In DQM, AD follows BUY LOW & SELL HIGH

AD follows the rule of

BUY SELL
LOW HIGH
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