IBO 004
EXPORT IMPORT PROCEDURES AND DOCUMENTATION
December 2016
Question Paper
Time : 3 hours
Note: Answer both the Part - A and
Part - B.
PART - A
1. Comment on any four of the
following:
(a) Trade
policy is an instrument of economic policy which aims to promote economic
growth with stability in the country.
(b) Reserve
Bank of India, through its exchange control regulations, regulate terms of
payment in export business.
(c)
Export-Import Bank complements rather than compete with commercial banks in
extending credit to exporters.
(d) Exports,
though profitable, is a highly risky and complex business.
(e) Export
promotion programmes aim at expansion of production base for exports.
(f) Bill of
Entry in import trade serves the same purpose as shipping Bill in exports.
PART - B
Answer any four of the following
questions :
2. The broad
objective of the Foreign Trade Policy is 20 to promote exports from India. What
measures under the policy have been undertaken in recent years ? Give a
detailed account of some of these measures undertaken in recent years.
3. Discuss
the merits of arbitration as a method of dispute settlement. Is there any law
for enforcement of foreign awards in India ? Discuss its major provisions and
procedure for enforcement of
4. What are
the major commercial documents ? Give a detailed description of shipping bill
and commercial invoice.
5. What is
involved in financing imports ? Discuss the various methods of financing
available to importers. Are there any RBI regulations on this subject ?
6. What are
the different stages of clearance of export cargo ? Discuss the procedures and
documentation involved.
7. Write
short notes on any two of the following :
(a)
Simplified Export Documents
(b)
Institute Cargo Clause
(c) ECGC
Financial Guarantees
(d) Value Added
Network Services (VANS)
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