Kerim Allam

Under GST regime exports would be considered as zero-rated supply. Any person making zero rated supply (i.e. any exporter) shall be eligible to claim refund under either of the following options, namely:
(a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit;
(b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied, in accordance with the provisions of section 54 (Refunds) of the Central Goods and Services Tax Act. For the option (a),procedure to file refund has been outlined in the Refund Rules under GST. The exporter claiming refund of IGST will file an application electronically through the Common Portal, either directly or through a Facilitation Centre notified by the GST Commissioner. The application shall be accompanied by documentary evidences as prescribed in the said rules. Application for refund shall be filed only after the export manifest or an export report, as the case may be, is delivered under section 41 of the Customs Act, 1962 in respect of such goods.
For the option (b),the shipping bill filed by an exporter shall be deemed to be an application for refund of integrated tax paid on the goods exported out of India and such application shall be deemed to have been filed only when the person in charge of the conveyance carrying the export goods duly files an export manifest or an export report covering the number and the date of shipping bills or bills of export and the applicant has furnished a valid return.

Angola's main exports are:

Mineral fuels including oil: US$34.6 billion (97.9% of total exports)
Gems, precious metals: $487.8 million (1.4%)
Fish: $40.9 million (0.1%)
Salt, sulphur, stone, cement: $34 million (0.1%)
Machinery including computers: $26.8 million (0.1%)
Copper: $22.4 million (0.1%)
Wood: $21 million (0.1%)
Aluminum: $18.1 million (0.1%)
Food industry waste, animal fodder: $16.1 million (0.05%)
Optical, technical, medical apparatus: $13.8 million (0.04%)

Letter of the introduction of the company
Customs declaration
Commercial Invoice: 1 copy
Bill of lading (Bill of Lading): 1 photocopy, with the enterprise’s seal + shipping carrier’s seal (shipping carrier or forwarding company)
International freight bill (with ExWork, or FOB conditions), CIC surcharge, hygiene, document fee: 1 copy
Certificate of origin: 1 original (if any)
Certificate of specialized inspection (if goods are subject to inspection): 1 original with the certification of the specialized agency
Other documents (if any, depending on the type of goods): A copy of Quality Certificate (Certificate of Quality – CQ), Certificate of Analysis (Certificate of Analysis – CA), Health Certificate (Health Certificate) Besides, you should also prepare a copy of other documents for reference or presentation, when needed: Foreign Trade Contract (Sales Contract), Packing List (Packing List), and relevant documents such as catalogs, photos, technical documents of the shipment.

Strictly speaking, the difference between SMBs and SMEs are blurred. An SMB is a small-to-medium sized business, whereas an SME is a small-to-medium sized enterprise. Generally speaking, a company is usually associated with the service industry, where an enterprise is involved in manufacturing.

Some of the common SMBs in India include – restaurants, cafes, retail outlets, grocery stores, traders, travel agencies, spas, salons, auto garages and more. Some of the familiar SMEs in India include cottage-industries, small-scale manufacturers, and other enterprises that produce a manufactured product.

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well. GDP enables policymakers and central banks to judge whether the economy is contracting or expanding and promptly take necessary action. It also allows policymakers, economists, and businesses to analyze the impact of variables such as monetary and fiscal policy, economic shocks, and tax and spending plans. GDP can be calculated either through the expenditure, income, or value-added approach. GDP isn't always flawless and overlooks several important factors.