IB0-04 : EXPORT - IMPORT PROCEDURES AND DOCUMENTATION December, 2015

Time : 3 hours Maximum Marks : 100 Weightage : 70%

Note : Answer any five questions. All questions carry equal marks.

 1. Discuss the main provisions related to imports 20 under the Foreign Trade Policy of India.

2. What do you understand by post-shipment 20 finance ? Discuss post-shipment finance facilities available to exporters.

3. Discuss the role of Export Credit Guarantee Corporation of India in promoting exports. Also describe various risk cover policies issued by ECGC.

4. Discuss policy provisions relating to Duty 20 Exemption Schemes of import for export promotion..

 5. Define Electronic Data Interchange (EDI) system and discuss its key components. What are its strategic and operational benefits ?

 6. Discuss different aspects of marking, labelling and packing of goods for export. Also discuss the concept and advantages of containerisation of consignments.

7. Distinguish between the following

 (a) Open cover and Open policy

(b) Actual Total Loss and Constructive Total Loss.

(c) Maritime and Extraneous perils

 (d) FOB and CIF

8. Write short notes on any two of the following :

(a) Irrevocable letter of credit

(b) Role of Clearing and Forwarding Agents

 (c) Bill of Exchange

(d) Liner and Tramp shipping services.