Post Graduate Diploma in International Business Operations
Term-End Examination

Note : Attempt any five questions including question No. 1 which is compulsory.

1. Comment on any four of the following :

(a) Documentation formalities are necessary for exporters and importers.

(b) A major point of distinction between a domestic and export contract lies in identifying the proper law governing the export contract.

(c) There are several risks associated with Documents against Acceptance.

(d) Forfeiting refers to the non-recourse discounting of export receivables.

(e) In order to expedite clearance of imported goods, filing of Advance Bill of Entry is permissible. (5x4)

2. "The import policy of the Government of India is concerned with regulation and management of imports". Discuss the important provisions relating to imports in Export-Import Policy 1997 - 2000. (20)

3. What are major export documents ? Discuss the significance of commercial invoice and bill of lading. How can the bill of Lading be made transferable ? (20)

4. "Documentary credit reconciles the conflicting interests of buyers and sellers". Discuss and explain the mechanism of documentary credit. Also enumerate documents prescribed in a letter of credit. (20)

5. Explain the provisions related to regulation and management of foreign exchange under FEMA Act, 1999. (20)

6. Why should export goods be insured ? Describe the responsibilities of the insured under the cargo insurance. Also enumerate the documents required for insurance claims. (20)

7. (a) How can finance be obtained under deferred payment system ?

(b) Describe the process of credit granted under buyer's credit. (20)

8. Write notes and explain any two of the following

(a) Duty drawback scheme

(b) Tax exemptions to Indian exporters

(c) Role of Export-Import Bank of India. (20)