FALL-2015 Get solved assignments at nominal price of Rs.125 each. Visit www.instamojo.com/subjects4u search for your code pay and download fully solved assignments. Any issues mail us at: [email protected] or contact at 09882243490 Master of Business Administration- MBA Semester 3 IB0013-Export Import management-4 Credits (Book ID: B1907) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60. Q1. What do you mean by export? How many types of exports are there? Discuss. Answer. The term export means shipping the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" and is based in the country of export whereas the overseas based buyer is referred to as an "importer". In international trade, "exports" refers to selling goods and services produced in the Q2. What are the major terms and conditions of an export order? Answer. Payment term in any business is a major part of sales contract. Terms of payment in exports and imports plays an important role in international business. Different types of terms of payment in international trade. Advance payment With a seller’s point of view, an advance payment is the safe mode of payment for any business including export business. Receiving amount of sales in advance helps exporter in various ways to plan his financial activities smoothly. Q3. Discuss the role played by Export Promotion Councils and Commodity boards in supporting Indian exporters. Give examples. Answer. Export promotion organizations like Export Promotion Councils (EPC), Export Development Authorities, Commodity Boards, India Trade Promotion Organization (ITPO), Exim Bank etc., can play a very important role in promoting Indian products abroad. Q4. Write short notes on: (a) Transport risk (b) Credit risk Answer. (a) Transport risk This risk occurs where the goods are stolen, pilfered or damaged while in transit. Commercial marine insurance policies will insure the goods against transport risks. Professionals of the road transportation industry face a host of dynamic risk issues such as cost of risk, fleet safety, claims administration, driver hiring and retention, and compliance and regulations. Failure to sufficiently address any of these issues can significantly impact the Q5. What is the significance of bill of lading for exporter and importer? Explain any 2 types. Answer. Bill of Lading represents:  A receipt issued by the carrier that the goods have been loaded on the conveyance.  A title of goods to the consignee noted on the bill of lading.  Because it is considered a title of goods, the Bill of Lading can be used as a negotiable instrument and can be traded much in the same way goods may be. Q6. What are the different types of custom duties levied on imported goods? Answer. Main types of custom duties:1. Basic custom duty:Basic custom duty is the main type of custom duty. It is payable u/s 2 of custom tariff act 1975.It has three sub parts i) Standard rate FALL-2015 Get solved assignments at nominal price of Rs.125 each. Visit www.instamojo.com/subjects4u search for your code pay and download fully solved assignments. Any issues mail us at: [email protected] or contact at 09882243490