post graduate diploma in international … papers june... · note : answer both parts a and b. part...

1130-04No. of Printed Pages : 7

POST GRADUATE DIPLOMA ININTERNATIONAL BUSINESS

OPERATIONS/MASTER OFCOMMERCE

Term-End Examination

June, 2010

IB0-04 : EXPORT - IMPORTPROCEDURES AND DOCUMENTATION

Time : 3 hours Maximum Marks : 100

Note : Answer both parts A and B.

PART - A

1. Comment on the following : 5x4

Under Documents Against Acceptance(DA) method, the exporter does not drawan usance bill.

Imports must be financed by additionalexport earnings.

A Tramp Shipping Service operates athigher cost than the Liner Shipping Service.

Agricultural and Processed Food ProductsExport Development Authority (APEDA)does not provide financial assistance.

IBO-04 1 P.T.O.

PART - B

Answer any four questions :

(a) Briefly discuss the legal frameworkgoverning India's foreign trade. 10+10

(b) Explain the objectives of foreign trade policyof Government of India.

Describe the significance and types of Billof Lading. How can a bill of lading betransferred ? 5+8+7

Explain the provisions related to the regulation 20and management of foreign exchange underForeign Exchange Management Act, 1999.

Explain various methods of import finance 20available to Indian importers.

Why is quality control required for exportgoods ? Describe various methods of qualitycontrol and pre-shipment inspection. 4+16

Describe the procedure of Central Excise rebateunder Rule 18 of Central Excise Rule alongwiththe documentation formalities. 20

IBO-04 2

8. Write notes on any two of the following : 10+10

Airway Bill

Export Declaration Forms

Particular Loss

Income tax exemption for exporters

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