Impex Procedure & Documentation

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination – April 2011

M.I.B. – II Semester

Impex Procedure & Documentation

 

Note: Answer PART I & PART II in Separate Answer Sheets.

Time: 2 Hours                                                                                             Max. Marks: 75

PART – I

SECTION-A

 

1. Answer any TEN Each carries 2 marks.                           (10×2=20)

 

1. What is the meaning of a Shipping Bill?
2. What is a Mate’s Receipt?
3. What is the importance of an Airway Bill?
4. What is ICE number?
5. What is Duty Drawback?
6. Explain the term Export Promotion Council?
7. What is Bill of Lading?
8. What is the importance of Quality Control?
9. What is the meaning of Pre-Shipment Inspection?
10. What are Marine Risks?
11. What is Multimodal Transport?

 

SECTION-B

1. Answer any FIVE Each carries 5 marks.                            (5×5=25)

 

12. Explain the term Documentary Bills and write a comparative note on D/A and D/P.
13. Differentiate between Commercial and Regulatory Documents.
14. Briefly explain the meaning and contents of Bill of Entry.
15. Writ a short note on EPCC Scheme.
16. What is the importance of Packing and Labeling in Foreign Trade?
17. What are the differences between Certificate of Origin and Consular Invoice?
18. What is the role of Central Excise in Import-Export trade?

 

SECTION-C

• Answer any TWO Each carries 15 marks.                    (2×15=30)

 

1. Explain the procedure of Cargo Insurance
2. Explain the different types of Incentive and Assistance extended to the Indian Exporters.
3. Explain the term Export Credit Insurance and the procedure for availing Credit Insurance and the documents required in this procedure.
4. Explain the steps in Export Procedure.

 

 

 

 

PART – II

 

Time: 1 Hour                                                                                 Max. Marks: 25

 

1. From the given document please answer the following: (1X5=5)

 

• Who is the applicant?
• Which are the commercial documents to be submitted for negotiations?
• Who carries out the product audit( inspection)
• Mention the date of shipment and also the date of expiry
• What is the term of payment?

 

2. Based on the Document given pl. generate the commercial invoice for style FZFL- 001.                                                                                 ( Marks 5)

 

 

3. Based on the Document given please fill in the GSP form A & B.

(Marks 15)