Tag: salvage

  • Difference Between Statutory and Regulatory Requirements

    Difference Between Statutory and Regulatory Requirements

    “It is not our differences that divide us. It is our ability to recognize, accept and celebrate those differences.” ― Audre Lorde Introduction The currency of any country is a legal tender against which anything can be purchased. The law of the land is to be followed by all the citizens of the country. It is…

  • Difference Between Scrap and Salvage

    Difference Between Scrap and Salvage

    “I do not mind the difference of opinion. I do mind hate.” ― Unknown Introduction In India, when a student purchases a book to study, once the student graduates to the next class, the same book is used by their younger siblings. Once they use it and it cannot be further used in the family, it…