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l-text">Last updated: 22 Feb, 2017  
SME Glossary
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Glossary of Export Import Trade Terms Starting with - V
Words   Description
VKUJ Vishesh Krishi Upaj Yojana, a new scheme introduced in the Foreign Trade Policy (2004-2009) as part of the package for agriculture.
Validated Export Licence A required document issued by the Indian Government authorizing the export of specific commodities.
Value Addition Value addition refers to the increment added in the process of manufacture of a particular item, which also becomes part of its price.
Value Chain A value-added process in a firm to transform raw materials and other inputs to finished goods, which creates value to customers.
Value Date Date on which a foreign exchange contract is executed, i.e. seller delivers.
Value Stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or PE ratios) in a variety of countries.
Value-Added Tax (VAT) A sales tax collected at each stage of production in proportion to the value added during that stage.
Variable Costs A cost that varies directly with volume and is zero when production is zero.
Venture Capital An investment in a start-up business that is perceived to have excellent growth prospects but that does not have access to capital markets.
Virtual Corporation Partnerships so close those two partners become a single firm for all operational purposes.
Voluntary Export Restraint (VER) One country promises another country to limit its imports; this is often done when the promising country fears increased tariffs or quotas if it does not self-regulate.
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 16 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
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 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» MSME credit: Liquidity crunch and delivery challenges (1)
» Rs 1 crore loan just in 59 minutes!(1)
 
 
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