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ASSIGNMENT
| DRIVE | Summer 2015 |
| PROGRAM | Certificate in Export Import Management |
| SEMESTER | IV |
| SUBJECT CODE & NAME | CERTIFICATE IN EXPORT IMPORT MANAGEMENT- IBSPECIALIZATION |
| CREDITS&MARKS | 60 |
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
- 1. List out the salient points of the new exim policy 2015-2020. Explain in detail theMEIS scheme,
Answer:EXIM Policy. At the same time, all-out efforts are made to promote exports. Thus, there are two aspects of Exim Policy; the import policy which is concerned with regulation and management of imports and the export policy which is concerned with exports not only promotion but also regulation. The main objective of the Government’s EXIM Policy is to promote exports to the maximum extent.
Salient points of new exim policy
- India to be made a significant participant in
- 2. List out the important steps involved in the processing of an export order. What are theregulatory documents prescribed by the Govt. of India?
Answer:In reality, an export exercise is concluded successfully only after the exporter has been able to deliver the consignment in accordance with the export contract and receive payment for the goods.
This involves practice of prescribed procedure to be performed (Branch 2000). The fact is that one does not need only to be very well informed about his/her export company, his/her products, his/her suppliers, his/her export chain, his/her market, the world market, but one also needs to know the export rules and terms, the different cultures that one targets and the final customers’ needs.
- a) Steps in processing of export order
- 3. Describe how the following products can be appropriately packed for export. State
whether these are exported by sea or air.
Answer:a)Drugs and Pharmaceuticals
Program manager, Pharmaceuticals and Biotechnology, South Asia & Middle East, Frost & Sullivan The pharmaceutical industry is one of the few sectors that has been relatively resilient during the economic slowdown. Healthcare is typically one of the last areas where consumers cut spending. According to the World Health Organization, Asia accounts for half of the world’s population and has a significant market for novel drugs and improved healthcare systems.
- 4. What is an SEZ? What are the advantages of locating an export unit in an SEZ?
Answer: SEZ is a geographical region that has economic laws that are more liberal than a country’s typical economic laws. An SEZ is a trade capacity development tool, with the goal to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology. Today, there are approximately 3,000 SEZs operating in 120 countries, which account for over US$ 600 billion in exports and about 50 million jobs. By offering privileged terms, SEZs attract investment and foreign exchange, spur employment and boost the development of improved technologies and infrastructure.
Role of SEZ
- 5. You are a merchant exporter. A prospective overseas client has shown interest in yourproducts. Write a letter making a firm offer mentioning all relevant facts regardingproduct features, payment terms, transport details, insurance, delivery schedules,packaging etc.,? Assume all relevant details about the product and the client.
Answer:Exporting and importing are two sides of the same coin; both supply customers with products manufactured outside the country. Exports now account for over 15% of global GNP and are growing at an annual compound rate in excess of 10%. Export marketing requires a knowledge of the target market, a marketing mix decision, planning, organisation and control and information systems. Exporting is often an incremental process, from unsolicited order filling to deliberate export planning. No doubt few firms will export
- 6. Explain the purpose of Incoterms. Describe in detail any three commonly usedIncoterms
Purpose of incoterms
Description of three commonly used incoterms
Answer:The purpose of Incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, the uncertainties of different interpretations of such terms in different countries can be avoided or at least reduced to a considerable degree.
It appears that two particular misconceptions about Incoterms are very common. First, Incoterms are frequently misunderstood as applying to the contract of carriage rather than to the contract of sale. Second, they are sometimes wrongly assumed to provide for all the duties which parties may wish to include in a contract of sale.
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Send your semester & Specialization name to our mail id :
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