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DRIVE: Spring 2015
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
Q2. What is RCMC? What
is its purpose? How is it obtained?
(RCMC and its purpose,
Procedure) 4, 6
Answer:
It has been
provided under FTP 2009-14 that an export firm shall be granted license to
import/export of items other than restricted items of export/ import or any
other benefit/ concession available under the EXIM policy if it has obtained
the Registration-cum-
Q3.
Discuss the stages in processing of an export order.
(Stages
in export order) 10
Answer:
The processing
of an export order is a part of export business. There are considerable risks
involved in processing an export order; therefore, there is a need of proper
care and caution from the side of both parties while entering into an export
contract. The export order should be acknowledged, followed by a thorough
examination of items, specification, pre-shipment inspection, payment conditions,
special packaging, labelling and marketing requirements, shipment and delivery
date, marine insurance, documentation, etc. When the conditions are found to be
satisfactory, only then a formal confirmation should be sent to the buyer,
alternatively if found to be unsatisfactory, clarification should be sought from
the buyer
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 protect the producer/exporter
from losses from warehouse to warehouse as well as general
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.
2. After receipt of B/L, it helps him to send the
shipping advice to the importer.
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 +
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