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Master of
Business Administration- MBA Semester 3
IB0013-Export
Import management-4 Credits
(Book ID: B1907)
Assignment (60 Marks)
Note: Answer
all questions must be written within 300 to 400 words each. Each Question
carries 10 marks 6 X 10=60.
Q1. What do you mean by export? How
many types of exports are there? Discuss.
Answer. The term export means shipping the goods and services
out of the port of a country. The seller of such goods and services is referred
to as an "exporter" and is based in the country of export whereas the
overseas based buyer is referred to as an "importer". In
international trade, "exports" refers to selling goods and services
produced in the home country to other markets.
Export of
commercial quantities of goods normally requires involvement of the customs
authorities in both the country of export and the country of import. The advent
of small trades over the internet such as through Amazon and eBay has largely
bypassed the involvement of Customs in many countries because of the low
individual values of these trades.
Q2. What is RCMC? What is its
purpose? How is it obtained?
Answer. RCMC is “Registration cum Membership
Certificate” of an Export Promotion Council (EPC).
These
organizations undertake export marketing communication by:
(i) Advertising
(ii) Sales Promotion
(iii) Public Relations.
Q3. Discuss the stages in processing
of an export order.
Answer. These are listed as follows:
1. Having an Export Order:
Processing
of an export order starts with the receipt of an export order. An export order,
simply stated, means that there should be an agreement in the form of a
document, between the exporter and importer before the exporter actually starts
producing or procuring goods for shipment. Generally an export order may take
the form of proforma invoice or purchase order or letter of credit. You have
already learnt these just in the preceding section.
Q4. Write short notes on:
(a) Transport risk
(b) Credit risk
Answer. (a) 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. Professionals of the road transportation industry face a host of dynamic
risk issues such as cost of risk, fleet safety, claims administration, driver
hiring and retention, and compliance and regulations. Failure to sufficiently
address any of these issues can significantly impact the financial and
operational health of a transportation business.
Q5. What is the significance of bill
of lading for exporter and importer? Explain any 2 types.
Answer. Bill of Lading represents:
Ø A receipt issued by the carrier that
the goods have been loaded on the conveyance.
Ø A title of goods to the consignee
noted on the bill of lading.
Ø Because it is considered a title of
goods, the Bill of Lading can be used as a negotiable instrument and can be
traded much in the same way goods may be.
The bill of
lading is how past and modern traders document their exchanges, and it is one
of the most important documents in our modern day supply chain.
So why is a
bill of lading so important?
Q6. What are the different types of
custom duties levied on imported goods?
Answer. Main types of custom duties:-
1. Basic custom duty:-
Basic custom
duty is the main type of custom duty. It is payable u/s 2 of custom tariff act
1975.It has three sub parts
i) Standard
rate
ii)
Effective rate
iii)
Preferential Rate
Winter-2015
Get solved
assignments at nominal price of Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490
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