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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
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.
Additional duty of customs or countervailing duty: This duty is the additional duty levied
Get fully solved assignment. Buy online from website
online store
or
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125/subject and rs 700/semester only.
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