IB0013 – Export Import management

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Fall-2013

Master of Business Administration - MBA Semester 3

IB0013–Export Import management-4 Credits

 (Book ID: B1201)

Assignment (60 Marks)

Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.

Q1. Enumerate the various steps involved in processing of an export order. Discuss them in brief.

Answer. In order to be successful in exporting one must fully research its markets. No one should ever try to tackle every market at once. Many enthusiastic persons bitten by the export bug, fail because they bite off more than they can chew. Overseas design and product requirements must be carefully considered.

Steps:

Communication: Communication internal and external must be comprehensive and immediate. Good communication is vital in export. When you are in doubt, pick up the phone or email for immediate clarification.

Q2. What do you understand by SEZ? Explain the special features of SEZ units.

Answer. Special Economic Zone called as “SEZ” is a geographical region that has economic laws that are more liberal than a country's typical economic laws. An SEZ is a trade capacity development tool, with the goal to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology. By offering privileged terms, SEZs attract investment and foreign exchange, spur employment and boost the development of improved technologies and

Q3. What is Bill of entry and what are its features? List the documents to be filed with B/B.

Answer. Bill of Entry:

A bill of entry is a formal declaration describing goods that are being imported or exported. This document is examined by customs officials to confirm that the contents of a shipment conform with the law, and to determine which taxes, tariffs, and restrictions may apply to the shipment. It must be prepared by the importer or exporter, with many companies hiring a clerk specifically to handle the

Q4. Explain the meaning of exchange risk. What can be done to mitigate this risk? Discuss.

Answer. Exchange Risk:

1. The risk of an investment's value changing due to changes in currency exchange rates.

2. The risk that an investor will have to close out a long or short position in a foreign currency at a loss due to an adverse movement in exchange rates. Also known as "currency risk" or "exchange-rate risk".

Q5. What is custom duty and what are its types? Explain with example how custom duties are levied.

Answer. Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country.

Types of customs Duties in India:

Basic Customs Duty

All goods imported into India are chargeable to a duty under Customs Act, 1962 .The rates of this duty

Q6. Write short notes on:

(a) ECGC

(b) Packing credit

Answer. (a) The Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export

Solved assignments for Rs.150 each

Mail me at: subjects4u@gmail.com or at

08627023490