Terms used in central excise such as Economic Development Administration,Education Cess,Electronic Fund Transfer etc.
This post explains about terms used in central excise such as Evidential Breath Testing ,Economic Development Administration,Education Cess,Electronic Fund Transfer,Environmental Justice,Eligible Operating Expenses,Emergency Response Commission,Executive Secretariat,Equipment etc.may add more information about terms used in export business at the end of this article, if you wish.
Terms used in central excise
EAP - Employee Assistance Program - Where the employer provides information and educational materials concerning the dangers of drug abuse, the employer's written policy provisions, the availability of drug counseling, rehabilitation, employee assistance programs, and the possible penalties for drug abuse violations occurring in the workplace.
EBT - Evidential Breath Testing (Device) - A device that measures an employee's alcohol concentration during a Department of Transportation (DOT) alcohol test, is approved by National Highway Traffic Safety Administration (NHTSA), and is operated by a qualified and trained Breath Alcohol Technician (BAT).
ECO - Employee Commute Options - A program designed to reduce the number of cars driven to work and improve air quality. Strategies used to accomplish this include vanpools, working from home via computer, transit subsidies, ect. In addition to benefiting air quality, this program aims to reduce traffic congestion and remove industrial growth impediments.
ED - Department of Education - Created in 1979 the Department of Education (ED or DOE) responsibility is to formulate federal funding programs involving education and to enforce federal educational laws regarding privacy and civil rights.
EDA - Economic Development Administration - Mission is to generate jobs, help retain existing jobs, and stimulate industrial and commercial growth in economically distressed areas of the United States. (EDA) assistance is available to rural and urban areas of the Nation experiencing high unemployment, low income, or other severe economic distress.
EDD - Economic Development District - A regional development organization that encourages cooperation between local government officials, community based organizations and the private sector.
EDGE - Economic Development for a Growing Economy - The Economic Development for a Growing Economy (EDGE) is a refundable tax credit program that rewards companies creating jobs and contributing to the growth of Indiana's economy.
EDIT - Economic Development Income Tax - EDIT also known as CEDIT is the county economic development income tax. Either the county council or the COIT council can adopt CEDIT. Revenue goes only to the county, cities and towns, and must be used for economic development projects or public capital projects (like government office buildings or jails). Counties can adopt CEDIT along with CAGIT or COIT, or by itself.
Education Cess:In the Budget 2004-2005, an education cess on the customs duties had been levied on items imported into India. It is chargeable @ 2%, on the aggregate of duties of customs (except safeguard duty and anti-dumping duty) leviable on such goods. This came into effect on 9th July, 2004. No credit of this cess will be available. In addition to this, in the Budget 2007-2008, the Central Government again imposed a Secondary and Higher Education Cess on goods specified in the First Schedule to the Customs Tariff Act, 1975, being goods imported into India. The rate of this cess is one per cent, calculated on the aggregate of duties of customs. If the goods are fully exempted from duty or are chargeable to nil rate of duty or are cleared without payment of duty under bond, no cess will be leviable.
EEO - Equal Employment Opportunity - The law/agency governing the prohibition of discriminatory behavior in the workplace.
EFT - Electronic Fund Transfer - A computer based system used to perform financial transactions electronically.
EIS - Environmental Impact Statement - According to the National Environmental Policy Act (NEPA) whenever the US Federal Government takes a "major Federal action significantly affecting the quality of the human environment" it must first consider the environmental impact in a document called an Environmental Impact Statement (EIS).
EJ - Environmental Justice - Executive Order 12898 (Federal Actions to Address Environmental Justice in Minority Populations and Low-Income Populations - February 11th, 1998) requires Federal agencies to identify and address disproportionately high and adverse human health and environmental effects, including interrelated social and economic effects of their programs, policies, and activities on minority populations and low-income populations in the United States.
EMPO - Evansville Metropolitan Planning Organization - The name of the designated Metropolitan Planning Organization (MPO) for the Evansville Indiana urbanized area.
EO - Executive Order - An executive order is an edict issued by a member of the executive branch of a government, usually the head of that branch.
EOE - Eligible Operating Expenses - Limited to direct labor, material and overhead expenses incurred by the transportation provider during the fiscal year.
EPA - Environmental Protection Agency - The federal agency charged to protect human health and the environment.
EPCRA - Emergency Planning and Community Right-to-Know Act - Purpose is to encourage and support emergency planning efforts at the state and local levels and to provide the public and local governments with information concerning potential chemical hazards present in their communities.
EQ - Equipment - Includes the cost of personal property of a more or less durable nature acquired specifically for a grant. Such property would be expected to have a service life of a year or more without material impairment of physical condition. Also include charges for services in connection with initial installation of equipment when performed under contract.
EQIP - Environmental Quality Incentive Program (Farm Bill) - Was reauthorized in the Farm Security and Rural Investment Act of 2002 (Farm Bill) to provide a voluntary conservation program for farmers and ranchers that promotes agricultural production and environmental quality as compatible national goals. (EQIP) offers financial and technical help to assist eligible participants install or implement structural and management practices on eligible agricultural land.
ERC - Emergency Response Commission - Under the Emergency Planning and Community Right-to-Know Act (EPCRA) of 1986, every state is required to have a State Emergency Response Commission (ERC) that establishes the number and jurisdiction of its Local Emergency Planning Committees (LEPC).
ERC - Employee in Responsible Charge - an individual who has completed training and is capable of managing federal funded projects.
ERCP - Ellettsville Rural Community Plan - the comprehensive plan for the Town of Ellettsville.
ERS - Economic Research Service - The Economic Research Service (ERS) is the main source of economic information and research from the U.S. Department of Agriculture. The mission of (ERS) is to inform and enhance public and private decisionmaking on economic and policy issues related to agriculture, food, farming, natural resources, and rural development.
ES - Executive Secretariat - Provides a central clearing point for documents directed to or action assignments issued by the Administrator and Deputy Administrator. All documents addressed to the Administrator are to be delivered to the Executive Secretariat. In regards to the Federal Transit Administration (FTA).
ETA - Employment and Training Administration - The mission of the Employment and Training Administration (ETA), as part of the U.S. Department of Labor (DOL), is to contribute to the more efficient and effective functioning of the U.S. labor market by providing high quality job training, employment, labor market information, and income maintenance services primarily through State and local workforce development systems. (ETA) administers federal government job training and worker dislocation programs, federal grants to states for public employment service programs, and unemployment insurance benefits.
The above details describes about terms called in central excise such as Evidential Breath Testing ,Economic Development Administration,Education Cess,Electronic Fund Transfer,Environmental Justice,Eligible Operating Expenses,Emergency Response Commission,Executive Secretariat,Equipment etc.These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post. :Terms used in central excise such as Alcohol Manager ,Direct Cost,Drug Enforcement Administration, Department of Homeland Security etc
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