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Last updated: 21 Aug, 2024  
SME Glossary
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Glossary of Export Import Trade Terms Starting with - J
Words   Description
Joint Venture An agreement of two or more companies to pool their resources to execute a well-defined mission. Resource commitments, responsibilities, and earnings are shared according to a predetermined contractual formula.
Just In Time (JIT) An organization-wide practice that keeps the inventory to the minimum and provides customers the right goods or service at the right time.
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
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