TUTOR MARKED ASSIGNMENT (TMA)

Course Code : IBO - 04

Course Title : Export Import Procedures and Documentation

 Assignment Code : IBO - 04/TMA/2016-17 Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.

1. What are the key components of an EDI system? Why has EDI become a necessity for international trade? Explain the business approaches to EDI.

2. Distinguish between the following:

(a) “Received for Shipment Bill of Lading” and “On-board Shipped Bill of Lading”

 (b) “Clean” and “Claused” Bill of Lading

(c) “Invoice Policy” and “Insurance Certificate”

(d) “Consular Invoice” and “Customs Invoice”

3. What are the various alternatives available to an exporter from the viewpoint of realizing export proceeds? Arrange them in order of safety. What are the risks associated with each of these alternatives?

4. Comment on the following statements:

 (a) “Line Shipping Service is not suitable for carrying homogeneous cargo”.

(b) “Cargo Insurance Policy does not protect against loss of goods”.

(c) “Goods can not be brought into the shed without completing port formalities”.

 (d) “Against the order of customs authorities, an appeal can not be filed to the Commissioners of Customs”.

5. Write short notes on the following:

(a) Indian Council of Arbitration

 (b) Star Export House

(c) Duty Exemption Schemes

(d) Income tax Exemption