Export Import Management — DU B.Com. (Hons.) Previous Year Question Papers

1. (a) What are Incoterms 2020, and what role do they play in international trade? Classify the Incoterms 2020 and discuss the advantages of using these terms in global trade agreements. (9) (b) A domestic manufacturer in India supplies goods to an Export Oriented Unit (EOU). Does this transaction qualify as a deemed export under the Foreign Trade Policy? Explain the eligibility criteria for deemed exports, and outline the potential benefits that the manufacturer can claim for such transaction. (9) goods, highlighting the key steps involved in each process. (9) (b) What are the key components of the NITI Aayog Export Preparedness Index? Explain how each of these components contributes to enhancing export preparedness in India. (9) (c) What are the key components of the Micro Exporter Policy? Discuss the implementation strategies and the impact of this policy on small exporters in India. (9) (d) What is the Indian Customs EDI System (ICES)? Discuss its objectives and explain the impact of ICES on trade and customs operations in India. Explain the procedure for filing an application to claim incentives under the SEIS scheme. (9) te t let angle if late 1 anger (1) 4. (a) What is customs clearance? Explain the procedure for the clearance of both imported and exported (c) A company in India has received an export order from a buyer in France. Provide a detailed outline of the steps the company should undertake to process this export order (18) 2. (a) What is a Letter of Credit (L/C)? Describe the different types of Letters of Credit, and discuss the advantages and disadvantages associated with using a Letter of Credit in export-import transactions. (b) Explain the key aspects of exporting and importing goods through post and courier services. Discuss the benefits and considerations of using these services for international trade. (9) (c) Explain the export and import procedures in international trade. List the essential export documents required under the EXIM procedure for exporting goods. (18) (a) What is SCOMET? Discuss the categories of SCOMET items and the documentation requirements for obtaining an export license for SCOMET goods. Also, explain the penalties for non-compliance with SCOMET regulations. (18) (b) What is the Export Promotion Capital Goods (EPCG) scheme? Discuss its key features and the essential documents required to obtain an EPCG license. Also, explain the benefits of the EPCG scheme for exporters. (9) (c) What is the SEIS scheme? Discuss the eligibility criteria for participating in the SEIS scheme.