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DRIVE-fall
2014
PROGRAM-MBADS
(SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDIB (SEM 1)
SUBJECT
CODE & NAME-IB0013 –Export Import management
BK
ID-B1201
CREDIT
& MARKS-4 CREDITS, 60 MARKS
Q1.
Describe in brief the export packaging and packing. Explain with examples the
purpose of marking.
(Packing
and packaging, Marking with examples) 6, 4
Answer.
Export packaging and packing
Packaging means packing
of the product in some container to reach the ultimate consumer. Packing means
protective covering used for transportation and shipment of goods. Packaging fulfils
a vital role in helping to get the export products to the market in the best
condition, as well as in presenting goods to overseas buyer in an attractive
way. In other words,
Q2.
What are the various modes of payment by the importer? Discuss.
(Modes
of payment) 10
Answer.
Modes of payment
There is no predefined definition
of personal import. In general a personal import is a direct purchase of
foreign goods from overseas mail order companies, retailers, manufacturers or
by an individual for the purpose of personal use.
The most common terms of purchase
are as follows:
- Consignment
Purchase
Q3.
List the Principal and auxiliary export documents. Explain any two auxiliary
export documents.
(Listing,
Explaining 2 documents) 5,5
Answer.
Principal and auxiliary export documents
Listing
The following 16
commercial documents involved at the pre-shipment stage can be divided into
i) Principal Export
Documents
ii) Auxiliary Export
Documents
Principal Export Doc
Q4.
Discuss the objectives and components of Electronic data interchange.
(Objectives,
components)5,5
Answer.
Electronic data interchange
EDI is defined as the
computer to computer transfer of commercial or administrative transactions
using a pre-defined standard to structure data related to the transaction or
message data. It is also known as “paperless trading”. „Transaction‟ in the
definition means carrying out functions like consignment instructions, payment
of custom duty, processing of duty drawback claims and export incentive
applications. “Structured Data” refers to a precise, recognized and acce
Q5.
Explain the risks covered and not covered under credit risk insurance.
(Risks
covered, Risks not covered) 5,5
Answer.
ECGC covers the risk
of exporters against overseas credit risks under Standard Policy and specific
shipments or specific contract policy. Shipments (Comprehensive Risks) Policy
is commonly known as the Standard Policy and is ideally suited to cover risk in
respect of goods exported on short term credit i.e. credit not exceeding 360
days. It is a whole turnover policy designed to provide a continuing insurance
for regular flow of export shipments of raw materials, consumer goods, consumer
durables, etc. This policy covers both commercial and political risks from the
date of shipment. It is issued to exporters
Q6.
Write short notes on:
a)
Pre shipment finance
b)
Post shipment finance
(Role
and benefits of Pre shipment finance, Role and benefits of Pre shipment finance)
5, 5
Answer.
a)
Pre shipment finance
Pre-shipment finance
is concerned primarily with the grant of packing credit to enable the eligible
exporters to procure raw materials and for processing, manufacturing, packing,
transportation and all such expenditure to enable them to prepare the export
consignment and ship it. Broad guidelines of Reserve Bank of India with regard
to packing credit finance are as un
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if urgent
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