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EXPORT IMPORT DOCUMENTATION AND PROCEDURE
Course Outcomes (Cos):
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Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to:
CO 169: Describe the nature and significance of various types of export and import documents used in International Business and understand the concept of Aligned Documentation System.
CO 170: Understand the Preliminaries for Export and Import for carrying out International Trade and what are the various methods of export payment available.
CO 171: Acquainted with the steps involved in export procedure starting from pre shipment procedure to quality checking, role of clearing and forwarding agent, modes of export financing and custom clearance. CO 173: To understand the concept of international payment and credit risk involved CO 174: Understand the basic steps in import procedure including exchange control regulations concerning imports.
CO 175: Illustrate the cargo risk involved in International Business
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Approach in teaching: Interactive Lectures using whiteboards, Discussion, Tutorials, Reading assignments, Demonstration, Team teaching, Quiz.
Learning activities for the students: Self learning assignments, Effective questions, Solving problems of unsolved questions, Problem based learning-cases, Group learning teamwork, Giving Tasks.
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Aligned Documentation System(ADS), Rationale of Documentation, Export Documents: Commercial Invoice, Shipping Bill, Certificate of origin, Certificate of Inspection, Consular Invoice, Mate’s Receipt, Bill of Lading, GR form, Bill of exchange, Letter of Credit, Import Documents: Bill of entry, Certification of Measurement, Freight Declaration
Registration Formalities for exports, IEC, RCMC, Export License, Selection of Export Products, FPS, FMS,
Methods of Export Payment: Payment in Advance, Open Account, Consignment Stock Payment, Documentary Bills of Exchange
Preliminaries for Import: Liberalization of imports, negative list of imports, Categories of importers, Special Schemes for importers
Steps in export procedure: Pre-shipment Procedure, Shipment Procedure, Post-shipment Procedure, Pre-shipment inspection and quality control, Role of clearing and forwarding agents, Export Financing- Pre-shipment & Post-shipment Finance (general concept). Shipment of export cargo: Central Excise Clearance & Custom Clearance- procedure and documentation
Pre-Import Procedure, Legal dimensions of import procedure, retirement of import documents, custom clearance for imported goods, warehousing of imported goods, Exchange Control Regulations concerning imports.
Export Credit Insurance: Concept and importance, role of Export Credit Guarantee Corporation(ECGC), covers issued by ECGC, basic principles of ECGC operation, financial guarantees.
Cargo Insurance: Concept & significance, kinds of perils, types of losses- total loss & particular loss, types of policies- specific voyage policy, open cover, open policy, insurance claims- procedure and documentation.
• Acharya & Jain , Export Marketing , Himalayan Publishing.
• Export Import procedures and documentation, Nabhi Publication
• Khushpat S. Jain, Export Import Documentation and Procedure
SUGGESTED READINGS:
• Francis Cherunilam : International Business.
• B.K. Chaudhari and O.P. Agarwal : Foreign Trade and Foreign Exchange; Himalayan Publishing.
E-RESOURCES:
• K Aswathappa
http://ebookcentral.proquest.com/lib/iisuniv-ebooks/home.action
JOURNALS:
• Global Business Review , http:// sagepub.com
• International Business Review
• Foreign Trade Review, http:// sagepub.com
