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EXPORT - IMPORT PROCEDURES AND DOCUMENTATION

POST GRADUATE DIPLOMA IN


INTERNATIONALBUSINESS


OPERATIONS/MASTER OF


COMMERCE


Term-End Examination


June 2010


IBO-4: EXPORT - IMPORT PROCEDURES


 AND DOCUMENTATION


 



Time: 3 hours                                                         Maximum Marks 100


                                         

Note:    Answer both Part A and Part B

 

PART-A


 

  1. Comment on the following: 5x4



  • Under Documents Against Acceptance (DA) method, t he exporter does not draw an usance bill.



  • Imports must be financed by additional export earnings.

  • A Tramp Shipping Service operates at the higher cost than the Liner Shipping Service.



  • Agricultural and Processed Food Products Export Development Authority (APEDA) does not provide financial assistance.


PART-B


Answer any four questions:

  1. (a) Briefly discuss the legal framework governing India's foreign trade.                                                           10+10


(b) Explain the objectives of the foreign trade policy of Government of India.

  1. Describe the significance and types of Bill of Lading. How can a bill of lading be transferred?                                   5+8+7



  1. Explain the provisions related to the regulation and management of foreign exchange under Foreign Exchange Management Act, 1999.  20



  1. Explain various methods of import finance available to Indian                                                                                  20

  2. Why is quality control required for export goods? Describe various methods of quality control and pre-shipment inspection.                                                                               4+16



  1. Describe the procedure of Central Excise rebate under Rule 18 of Central Excise Rule along with the documentation formalities.     20


 

  1. Write notes on any two of the following: 10+10



  • Airway Bill

  • Export Declaration Forms

  • Particular Loss

  • Income tax exemption for exporters


 
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