I (Meaning and importance of Exports) Unit Structure

22) Documents Against Acceptance 
– 
It is one type of documentary bills. Under DA bills, the 
documents will be handed over to the importer against the 
acceptance of bill of exchange. 
23) Documents Against Payment 
– 

---

245 
It is one type of documentary bills. Under DP, the documents 
are to be handed over to the importer against payment of bill of 
exchange. 
24) Dollar Denominated Credit 
– 
The exporter gets post shipment credit is denominated in 
foreign currency and the exporters pay interest at rates applicable 
to the foreign currency i.e. dollar. 
25) Dumping--
It is a method of selling goods in the market at a low price, 
even below the cost of production. Dumping can take place in the 
domestic as well as in the export markets. 
26) Duty Drawback-- 
It refers to the exporter is eligible to get refund of custom 
duty and excise duty paid on materials, components and 
consumable utilized in the manufacture of finished goods. 
27) ECGC-- 
ECGF stands for Export Credit Guarantee Corporation of 
India Limited. The two main objects of ECGC are 
– 
a) To protect the exporters against credit risks, i.e., non-
repayment by buyers. 
b) To protect the banks against loses due to non-repayment of 
loans by the exporters. 
28) 100% EOUs 
– 
100% Export Oriented Units manufacture the goods purely 
for export purpose. However, they can sell upto 50% of the 
production in local area, subject to payment of duties. 
29) EPC 
– 
It refers to Export Promotion Council. It is an export 
promotion organization. It assists member exporters in their 
marketing activities. In India, there are 23 EPCs which includes. 
Apparel EPC, Cashew EPC, Basic chemicals EPC, 
Engineering EPC, Carpets EPC, Gems & Jewellery EPC etc.