IB0013 –Export Import management

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ASSIGNMENT

DRIVE WINTER	2013
PROGRAM	MBADS – (SEM 3/SEM 5) / MBAN2 / MBAFLEX – (SEM 3) / PGDIB – (SEM 1)
SUBJECT CODE & NAME	IB0013 –Export Import management
BK ID	B1201
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Discuss the motives and problems of international business.

Answer : Motives of international business

The factors which motivate or provoke firms to go international may be broadly divided into two groups :

(1) Pull factors

(2) Push factors

(1) Pull Factors:

Those factors or forces which attract the foreign

2 What are the various modes of payment by the importer? Discuss.

Payment by importer

Answer : Consignment Purchase

Consignment purchase terms can be the most beneficial method of payment for the importer. In this method of purchase, importer makes the payment only once the goods or imported items are sold to the end user. In case of no selling, the same item is returned to the foreign supplier. Consignment purchase is considered the most risky and

3 List the Principal and auxiliary export documents. Explain any two auxiliary export documents.

Answer : Principal and auxiliary export documents:

Both principal and auxiliary documents comes under the category of commercial documents. Documents required for an international sale can vary significantly from transaction to transaction, depending on the destination and the product being shipped. At a minimum, there will be two documents: the invoice and the transport document. Out of 16 commercial documents , there are 8 principal and rest are auxiliary documents.

4 What is bill of entry? Discuss its features.

Answer : A bill of entry is a formal declaration describing goods that are being imported or exported. This document is examined by customs officials to confirm that the contents of a shipment conform with the law, and to determine which taxes, tariffs, and restrictions may apply to the shipment. It must be prepared by the importer or exporter, with many companies hiring a clerk specifically to handle the preparation process.

5 How can the transit risk be mitigated in export import? Explain.

Answer : Transit risk and its coverage

This risk usually affects businesses that export and/or import, but it can also affect investors making international investments. For example, if money must be converted to another currency to make a certain investment, then any changes in the currency exchange rate will cause that investment's value to either decrease or increase when

6 Write short notes on:

a) EXIM bank of India

Answer :The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trade. It is a statutory corporation wholly owned by the Government of India. It was established on January 1, 1982 for the purpose of financing,

b)RBI guidelines on post shipment finance

Answer : RBI guidelines regarding post shipment finance :

Post-shipment finance means any credit provided by a bank to an exporter from the date of extending the credit after shipment of goods to the date of realisation of sale

proceeds.

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