IB0013 –Export Import management

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DRIVE: WINTER 2014

PROGRAM: MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDIB(SEM 1))

SUBJECT CODE & NAME: IB0013 –Export Import management

BK ID: B 1907

CREDIT & MARKS: 4 CREDITS, 60 MARKS

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Q.1: What do you mean by export? How many types of exports are there? Discuss.

Meaning (5 marks)

Types (5 marks)

Ans:

Meaning:

Traditionally, export is the process by which goods, services or knowledge are traded across national and international boundaries. Exporting is merely trading with the only difference that the customer lives in another country. There are visible and invisible exports. The

Q.2: What are the major terms and conditions of an export order?

Export order (10 marks)

Ans:

Export order:

The terms and conditions of an export order would vary from order to order depending on the nature of product, parties involved and so on. The following are the standard clauses of an

Q.3: Discuss the role played by Export Promotion Councils and Commodity boards in supporting Indian exporters. Give examples.

Role of EPC and commodity boards (7 marks)

Examples (3 marks)

Ans:

In India there are seven Boards that have mandate for export promotion and two have mandate for domestic support. These Boards are for the following commodities: Handicrafts, Silk, Coffee, Choir, Rubber, Tea, Tobacco and Spices. These Boards handle the whole range

Q.4: Write short notes on:

(a) Transport risk (5 marks)

(b) Credit risk (5 marks)

Meaning and effect of transport risk

Meaning and effect of credit risk

Ans:

Meaning and effect of transport risk:

This risk occurs where the goods are stolen, pilfered or damaged while in transit. Commercial marine insurance policies will insure the goods against transport risks. These

Q.5: What is the significance of bill of lading for exporter and importer? Explain any 2 types.

Bill of lading (5 marks)

2 types of B/L (5 marks)

Ans:

Bill of lading:

For Exporter

1. It is an acknowledgment from the shipping company that the goods have been received for the purpose of shipment.

Q.6: What are the different types of custom duties levied on imported goods?

Explain the types of custom duties (10 marks)

Ans:

Explain the types of custom duties

Basic custom duty: Duty which is imposed on the value of goods at a specific rate is known as basic custom duty. It is fixed at a specified rate on ad-valorem basis. Ad Valorem duties are based on value and expressed as a percentage of the total value (assessable value = cost + insurance + freight + 1% landing charges). In case of import from some other countries, the rate specified is preferential rate and in general cases it is standard ate.

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Send your semester & Specialization name to our mail id :

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