In the context of international trade, customs refers to the governmental agency responsible for regulating the flow of goods in and out of a country. This agency ensures that trade regulations, tariffs, and other trade-related laws are adhered to.
And A Foreign Trade Policy is a set of guidelines and regulations established by a government to govern its international trade activities. It outlines the country's trade objectives, strategies, and the rules governing imports and exports.
When discussing "Custom and Foreign Trade Policy" together, it typically involves understanding how customs authorities enforce the regulations set forth in a country's foreign trade policy. Businesses engaged in international trade need to be familiar with both to ensure compliance and optimize their trade operations.
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