on 04-18-2014 6:42 PM
Hi All
Please help me to understand the difference between the below 4 options available while we activate a Legal Regulation
1.Check Dispatch (Exclusively)
2.Check Export (Exclusively)
3.Check Dispatch/Export (Excluding Domestic)
4.Check Dispatch/Export (Including Domestic)
Thanks
Akhil..
Hi Akhil,
Actually, there are three different business scenario's when we talk in terms of trade. These are as follows:-
1.Domestic Trade:- This is internal to a country and needs to adhere to only country's internal rules/regulations.
2.Dispatch:- It is cross border trade but withing an Economic Zone of the concerned country. Economic zone is an area or group of countries to promote trade between themselves for example EU. Dispatch is further subjected to cross border trade rules/regulations but also enjoys benefits of certain agreements.
3.Export:- When we talk in terms of cross border trade with a third country with whom we didn't have any trade relation/ agreements, that is known as an Export. Export is further subjected to more scutinisning by authorities when it is processed as compared to other's.
Hence, to conclude Domestic trade is internal trade(within the country) while Dispatch/Export is the cross border trade subjected to more rules and regulation and keeping these in mind ,business can take a desicion to use a legal regulation for any of your above mentioned 4 options.
Hope I answered your question.
Regards,
Aman
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Hi Akhil,
Considering the departure and destination countries, the settings activate the check in the following situations:
Regards,
Dave
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