Certificate in export import management – IB specialization

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Certificate in export import management
SEMESTER	Semester IV
SUBJECT CODE & NAME	Certificate in export import management – IB specialization
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.

Question.1. With reference to FTP 2015-2020, Explain the various measures introduced for Trade Facilitation and ease of doing business. Explain the MEIS Scheme

Answer:The much awaited Foreign Trade Policy 2015-20 was unveiled today by Minister of Commerce & Industry Mrs.NirmalaSitharaman, at VigyanBhawan. The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister.  The focus of the new policy is to support both the manufacturing and services sectors, with a special emphasis on improving the ‘ease of doing business’.

Question.2. Discuss application of Stretch Wrapping in Packaging.

What are the different cushioning materials used for packaging.

Answer:Stretch wrap or stretch film is a highly stretchable plastic film that is wrapped around items. The elastic recovery keeps the items tightly bound. In contrast, shrink wrap is applied loosely around an item and shrinks tightly with heat.

It is frequently used to unitize pallet loads but also may be used for bundling smaller items. The development provides a film around one or more products with the aim to stabilize protect and secure the cargo from tampering or theft. There are two main methods of the Pallet Wrapping process; the Vertical Development and the Horizontal

Question.3. Who is a CHA? Explain the responsibilities and duties of a CHA?

Answer:In India, a customs house agent (CHA) is licensed to act as an agent for transaction of any business relating to the entry or departure of conveyances or the import or export of goods at a customs station. CHAs maintain detailed, itemized and up-to-date accounts. A CHA license may be temporary or permanent.

CHA licensing regulations, 1984

·      No ceiling on the number of CHAs who may be

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Question.4. Explain about Export Credit Guarantee Corporation of India? What are the different policies offered by the ECGC?

Answer:The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.

Question.5. Explain the different Avenues to enter business in a foreign market.What is Embargo?

Answer:Foreign market entry modes (Participation strategy) differ in degree of risk they present, the control and commitment of resources they require and the return on investment they promise.

There are two major types of entry modes: equity and non-equity modes. The non-equity modes category includes export and contractual agreements. The equity modes category includes: joint venture and wholly owned subsidiaries.

Exporting is the process of selling of goods and services produced in one country to other countries.

Question.6. You are a Handicraft products exporter. A prospective overseas client has shown interest in your products. Write a letter making a firm offer mentioning all relevant facts regardingproduct features, payment terms, transport details, insurance, delivery schedules,packaging etc.,? Assume all relevant details about the product and the client.

Answer:

Dear Sir/Madam

Sub : Offering Our Products to export

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