IB0013-Export Import management

Winter-2015

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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