Export-Import Documentation & Procedure

Paper Code: 
MIB 423
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to -

1.    The objective of this paper is to acquaint the students with the basic understanding of procedures and documentation of export import in India.

Course Outcomes (COs): 

 

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

PAPER CODE

Paper Title

MIB 423

Export-Import Documentation & Procedure

CO 141: 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 142: Understand the Preliminaries for Export and Import for carrying out International Trade and what are the various methods of export payment available.

 

CO 143: 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 144: Understand the basic steps in import procedure including exchange control regulations concerning imports.

 

CO 145: Illustrate the credit risk and cargo risk involved in International Business and what risk management tools (Export Credit Insurance & Cargo Insurance) can be used to combat the same.

Approach in teaching:

Interactive Hours 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.

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
Unit 1

Export Import Documentation: 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

12.00
Unit II: 
Unit 2

Preliminaries for Export: 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

12.00
Unit III: 
Unit 3

Export Procedure: 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.

12.00
Unit IV: 
Unit 4

Import Procedure:

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. 

12.00
Unit V: 
Unit 5

Risk Management (Credit Risk & Cargo Risk):

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.

*Case studies related to entire topics are to be taught

 

Essential Readings: 
  • Khushpat S. Jain, “Export Import Procedures & Documentation”, Himalaya Publishing House, Mumbai..
  • Chaudhary B K & Agarwal O P., “Foreign trade and Foreign exchange”, Himalaya Publishing House, New Delhi.
  • Francis Cherunillam, International Business, Himalaya Publishing House. New Delhi
  • N.P. SubbaRao : International Business.
  • Acharya & Jain., “Export Marketing”, Himalya Publishing House, New Delhi. 3rd edition
  • Rathor B S &Rathor J S, “Export Marketing”, Himlaaya Publishing House,New Delhi43rd edition
  • Export Import Procedure & Documentation, IGNOU IBO-04.
  • Parasram “Export-What,Where and How”. Anupam Publishers.
  • Bhalla V K, “International Business Environment and Management”. Anmol Publications, New Delhi
  • TAS Balgopal : Export management , Himalaya Publishing , New Delhi.

 

ACADEMIC YEAR: 
2020-2021
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