POST GRADUATE DIPLOMA IN
INTERNATIONAL BUSINESS OPERATIONS/
MASTER OF COMMERCE
Term-End Examination
December, 2014
IB0-04 : EXPORT - IMPORT
PROCEDURES AND DOCUMENTATION
Time : 3 hours Maximum Marks : 100
Weightage : 70%
Note : Answer both parts A and B.
PART - A
1. Comment on any four of the following :
(a) One important objective of export import policy is to facilitate technological and
infrastructural upgradation of Indian industry.
(b) Selling under C.I.F contract is good for the country as a whole.
(c) Export Promotion Capital Goods (EPCG) help exporters in reducing manufacturing
cost of export goods.
(d) The Duty Free Import Authorisation (DFIA) scheme which allows imports of input
required for export product is an improvement over the earlier on such schemes.
(e) Exporting is far more riskier than any domestic business of comparable size
(f) EXIM Bank does not provide long – term credit.
PART - B
Answer any four of the following questions.
2. The broad objective of 'export-import' policy is to act as an effective instrument of economic growth. What strategies are proposed to achieve the objective ? Give a detailed answer.
3. You have received an order for export of chikan kurtas from France. Explain in detail the procedures you have to adopt ensuring timely shipment and realisation of the export proceeds.
4. Discuss briefly various quality inspection schemes covering exports from India. Also describe in detail the "Self Certification" scheme.
5. Discuss the role of Export Credit and Guarantee Corporation in promoting exports from India specifying some schemes to achieve the objective.
6. Discuss the procedures and related documentation needed in customs clearance of import cargo.
7. Write short notes on any two of the following :
(a) Airway bill and Bill of Lading
(b) Role of Clearing and Forwarding Agent
(c) Incoterms
(d) Documents Against Payment (DP) and Documents Against Acceptance (DA)
