International Trade Management (Part – II)

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National Institute of Business Management
Chennai - 020
EMBA/ MBA

International Trade Management (Part – II)

Attend any 4 questions.  Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)

Q. 1.       Describe the procedure for suspending or revolving license under regulation 20.

Answer:(1) The Commissioner of Customs shall issue a notice in writing to the Customs House Agent stating the grounds on which it is proposed to suspend or revoke the licence and requiring the said Customs House Agent to submit, within such time as may be specified in the notice, not being less than forty-five days, to the Deputy Commissioner of Customs or Assistant Commissioner of Customs nominated by him, a written statement of defense and also to specify in the said statement whether the Customs House Agent desires to be heard in person by the said Deputy Commissioner of Customs or Assistant Commissioner of Customs.




Q. 2.       Discuss the details of customs and control excise duties DBK rules 1995.

Answer: As you are aware, at present, in terms of the provisions of Rule 6 and Rule 7 of the Customs & Central Excise Duties Drawback Rules, 1995 ( as amended ), the works pertaining to fixation of Brand Rates of Drawback are centralised in this Ministry. For filing the Brand Rate applications, the exporters have been given the option of preferring either the Normal Scheme or the Simplified Scheme/Revised Simplified Scheme. On receipt of the verified data from the jurisdictional Commissionerates of Central Excise in respect of applications filed under the Normal Scheme or data of consumption of inputs and duty paying documents





Q. 3.       Describe the customs act that deal with laws relating to arrivals and departures of vessels / air crafts.

Answer:


Q. 4.       Explain self assessment scheme for accelerated clearance of important / export cargo.

Answer:


Q. 5.       Write an essay on Project Imports.

Answer:Under Project Import Regulations, Additional Duties of Customs are payable, where as under EPCG scheme, they are not payable. Therefore, the aggregate duty under Project Import Regulations will be 25.57 per cent, out of which 19.97 per cent can be taken as Cenvat Credit and 5.60 per cent cannot be taken as Cenvat Credit.

Under EPCG scheme, the aggregate duty payable will be 5.15 per cent only. So, the cash outlay under Project Import Regulations will be more and the non-




Q. 6.       What are the salient features of the new valuation rules? Explain.

Answer:For applicability of transaction value in a given case, for assessment purposes, the following requirements should be satisfied:
1. The goods are sold by an assessee for delivery at the time and place of removal. The term ?place of removal? includes factory, warehouse, depot or premises of a consignment agent
2. The assessee and the buyer of the goods is not related
3. The price is the sole consideration for the sale. If any


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