FOREIGN TRADE PRACTICE AND PROCEDURE

Paper Code: 
FTM-602
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

               Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 

CO1.     To   provide an overview of export assistance in India

CO2.     To   familiarize students with the export procedure

CO3.       To  impart the knowledge of excise clearance and quality inspection

CO4.      To    familiarize students with the process of pre and post shipment finance

CO5.         To    appraise students with the import procedure documentation

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Practical Cases, Power point presentation and Solving Questions.    

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Live practical problems analysis

 

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

  

 

9.00
Unit I: 
Export Assistance in India:

Importance, Expansion of Production Bases Export, Rendering Export Price- Competitive: Fiscal Incentives, Financial Incentives, Strengthening Export Marketing Efforts

9.00
Unit II: 
Export Procedure:

Pre- Shipments Procedure, Shipment Procedure, Post Shipment Procedure

9.00
Unit III: 
Excise Clearance & Quality Inspection:

Excise Clearance for Exportable Goods, Procedure for Central Excise Central for Exportable Goods, Quality Control and Pre-Shipment Inspection, Method of Quality Control and Pre-shipment, Inspection, Procedure for Pre-Shipment Inspection
Marine Insurance: Meaning & Scope, Procedure for Obtaining Policy, Procedure for filing Marine Insurance

9.00
Unit IV: 
Shipment & Post Shipment Formalities:

Role of Clearing & Forwarding Agents, Shipments and Customs Formalities, India Custom EDI System, Advantage of Indian Customs EDI system, Procedure for Realisation of Export Proceeds, Realization of Export Incentives

9.00
Unit V: 
Import Procedure:

Pre–Import Procedure, Legal Dimension, Retirements of Import Documents, Custom Clearance for Imported Goods, Warehousing, Exchange Control Provisions for Imports.

Essential Readings: 

• Acharya & Jain , Export Marketing ,Edition 3rd, Himalayan Publishing house.
• P Subba Rao : International Business(Text and Cases) , Edition 4, Himalya Publication House, Mumbai.
• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi.

References: 

Reference Books:
• Chaudhary B K & Agarwal O P., “Foreign trade and Foreign exchange”,Himalayan Publishing House, New Delhi.
• Khushpat S. Jain, Export Import Documentation and Procedure, 2010 publication, Himalayan Publishing house.
• Export Import procedures and documentation, IGNOU IBO- 04.
• Nabhis Export Manual.
E-RESOURCES:
• International Logistics Management, Apte, McGraw Hill Education
https://www.expresslibrary.mheducation.com/bookshelf
JOURNALS:
• Foreign Trade Review, http:// sagepub.com
• Journal of Global Information Management

ACADEMIC YEAR: 
2022-2023
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