IB0013 Export- Import management

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DRIVE - winter 2016

PROGRAM - Master of Business Administration- MBA

SEMESTER - Semester 3

SUBJECT CODE & NAME –

IB0013 Export- Import management

Q1. What are the key processes involved in starting export business? 10

Ans: key processes involved in starting export business: This section deals with the key processes involved in starting an export business.

Identifying opportunities: It outlines the two phases of market research used to identify and assess potential export markets: firstly, local research to decide whether it is worth pursuing and secondly, overseas research in the export country.

Preparing strategy: There is a need for preparing a systematic strategy of export business based on the market as done

Q2. Explain in detail procedure for the allotment of importer-exporter code number? 10

Ans; Procedure for the allotment of importer-exporter code number: Application form in ANF 2A for allotment of Importer-Exporter Code Number along with the following documents should be submitted to the Regional Licensing Authority.

i)                    Demand Draft of Rs. 250/- evidencing payment of application fee in favour of the concerned regional office of DGFT. Money can also be paid through

Q3. What are the format and contents of an international export contract? 10

Ans: Format and Contents of an International Export Contract: The contracts are based on the contents rather than the format of a contract which spells out the terms and conditions. In particular:

• specific terms and conditions pertaining to the product/products that are subject matter of sale/purchase

• general terms and conditions

In the first group, quality and specifications of the product are to be included. These would naturally differ from product to product. It is essential that in the contract, detailed and careful description is given about the characteristics, design and specifications of the product. As far as general conditions are concerned, the standardized position can be a good guide, but it is essential that the exporter and importer do understand

Q4. What are the various Risk management service available in India? 10

Ans: Risk Management Services Available in India: Depending upon the type and range of risk services required by the producers/ exporters, a number of sources are available which include some multilateral and bilateral risk providers as well as some local private insurance companies. Some brief details are provided on these sources below:

Multilateral Investment Guarantee Agency (MIGA) – It is part of the World Bank Group, where its role is to promote foreign direct investment into developing countries. MIGA is a global insurer to private investors

Q5. Explain in detail about Quality Assurance Certification procedure to be followed. 10

Ans: Quality Assurance Certification: The exporter can attain quality assurance through committing his/her enterprise to quality, not just in terms of the final product but also regarding various aspects of functioning of the business enterprise. Quality system can be defined as‘organization structure, responsibilities, procedures and processes, and resources for implementing quality management’. By analysing this definition, it is proved

Q6. Explain in detail about export opportunities and capabilities for service sector. 10

Ans: Export Opportunities and Capabilities for Service Sector: As per Central Statistics Office (CSO)’s classification, the services have been divided into four broad categories, namely a) trade, hotels, and restaurants; b) transport, storage, and communication; c) financing, insurance, real estate, and business services; and d)

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