4.
To develop complete understanding of export and import operations including
aspects covering payment and risk management.
CONTENTS:
1.
Export preliminaries
(a)
(3 Hours)
Organising Exports
(ii)
Statutory Requirements
(aa)
IEC No.
(ab)
RCMC
(ac)
Export operations
(4 Hours)
(a)
(1.5 Hours)
(b)
(2.5 Hours)
Page 1 of 7
(i)
(ii)
(iii)
(iv)
(4.5 Hours)
Central Excise Clearance and ARE formality, Self Removal systems
(1 Hour)
Customs Clearance Formality
(3.5 Hours)
(i)
(ii)
(iii)
(iv)
Port Formalities with Physical verification and Shipment of Export
Cargo
(v)
(vi)
Learning objective: To make students understand the excise and customs formalities
involved in exporting.
Reference: Chapter No. 17 from the text book prescribed.
4.
(1.5 Hours)
(a)
Direct Dispatch
(0.5 Hours)
(b)
Banking Channel
(0.5 Hours)
Page 2 of 7
(c)
(d)
DA/ DP
(0.5 Hours)
(3 Hours)
(a)
(1 Hour)
(b)
(1 Hour)
(c)
FIEO
(0.5 Hours)
(d)
ITPO
(0.5 Hours)
Learning objective: To make students understand the options available in raising finance
for exports & agencies involved in Promotion.
Reference: Chapter No. 13 from the text book prescribed.
ASSIGNMENT - II:
CLASS TEST - 2: (20 Marks): (It covers from chapter No 1 to 5 of the syllabus)
6.
Import Preliminaries
(3 Hours)
(a)
How to Import Introduction (Registration formalities, Import sourcing
,INCO terms etc)
(1 Hour)
(b)
(0.5 Hours)
(c)
(d)
Validity of Licence
(0.5 Hours)
(e)
Conditions of Licence
(0.5 Hours)
Learning objective: To make students understand the basics of Import & the Licensing
Reference: Chapter No 2 & 4. & 9 from the text book prescribed.
7.
(5 Hours)
(a)
(1 Hour)
Duty Drawback
Page 3 of 7
(b)
EPCG
(1 Hour)
(e)
Project imports
(1 Hour)
Import Documentation
(6 Hours)
(a)
(2 Hours)
(b)
(1 Hour)
(c)
IGM
(1 Hour)
(d)
(1 Hour)
(e)
(1 Hour)
CLASS TEST - 3: (20 Marks) : (It covers from topics no 1 to 8 of the syllabus)
9.
(6 Hours)
(a)
(1.5 Hours)
(b)
Import Contracts
(1.5 Hours)
(c)
(1.5 Hours)
(d)
(1.5 Hours)
Learning objective: To make students understand the ways in which imports can be
carried out.
Reference: Chapter No 10 & 11 & 18 from the text book prescribed.
ASSIGNMENT -IV:
Page 4 of 7
10.
(4 Hours)
(a)
MAI
(1 Hour)
(b)
MDA
(1 Hour)
(c)
EEFC Accounts
(1 Hour)
(d)
Deemed Exports
(1 Hour)
Learning objective: To make students understand the f how the various risks involved in
importing the goods in India can be covered.
Reference: Chapter No.23, 26 27 from the text book prescribed.
Total
(40 Hours)
Text Book:
1.
Export; Policy, Procedures & Documentation 2012-13, M. I. Mahajan, Snow
White Publications Pvt. Ltd., Mumbai, Latest Edition
Reference Books:
1.
Import Policy, Procedures & Documentation 7 th Edition by Snow White
publications. Author M I Mahajan
2.
3.
4.
5.
Foreign Trade Policy: Ministry of Commerce and Industry, Department of
Commerce, Government of India.
6.
Handbook of Procedures Vol. I, Office of Director General of Foreign Trade,
New Delhi.
7.
Handbook of Procedures Vol. II, Office of Director General of Foreign Trade,
New Delhi.
8.
ITC (HS) Classification of Import Export items, Office of Director General of
Foreign Trade, New Delhi.
9.
Drawback Rules: Directorate of Drawback, Ministry of Finance, Government of
India.
Page 5 of 7
(d)
(e)
Q1.
You as an exporter has to apply either for Pre or Post shipment Finance.
File an application with the bank with all the details as required with the following
information.
Name of the exporter ABC & Company. Port of Shipment: Mumbai
Value of Export USD20,000.00
Country: Brazil, Port Rio
Payment Terms: LC at Sight.
Considering the above info we also have to cover Insurance under All Risks Policy.
Fill up the application form for the transit coverage.
ASSIGNMENT-IV
Instructions
(a)
This assignment should carry 20 marks.
(b)
It should be submitted immediately after completion of the unit No 9
(c)
Each question should be answered in approximately 300 words.
(d)
All questions carry equal marks.
(e)
The assignment should be hand written
Q1.
We propose to participate in an International Trade fair through ITPO or FIEO.
Start corresponding with them for the same and furnish the required details Loke the
Profile and background of your Company. Products/Countries of export. Export
volume/Area required for stall/Previous participations/Charges to be paid etc.
Q2.
We have with us and Imported consignment of the materials as per the following
valuation and details.
Name of the Chemical: Methanol
ITC No: 2906002
Quantity: 2000 MT
Port of shipment: Bunder Busher,Iran
Port of discharge: JNPT Mumbai
Value in USD 150000 CIF Mumbai
The rate of Customs duty applicable 10% Ad valorem.
In additional there is SAD of 1% Education Cess of 0.5%.Plus Stamp Duty as applicable
is Rs 2000.00.
Calculate the Customs duty to be Paid for this shipment.
Page 7 of 7