Foreign Trade Practices & Procedure

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

The course has been designed to impart the knowledge of the various documents involved in export as well as import business.

Unit I: 
Export Finance:

Export Finance:
Pre shipment Finance ,Deferred Payment Exports, Buyers credit, EXIM banks Buyers credit scheme, Suppliers credit, Turnkey projects, Joint ventures abroad, bank credit

Unit II: 
Introduction to Post shipment finance

Introduction to Post shipment finance:
GR form, permissible deductions, irregular documents, direct and indirect bills grace period, exports on consignment documentation, overdue bills, re import of unsold goods, lost shipment

Unit III: 
Import finance

Import finance:
Exchange control regulations concerning imports, methods of import finance- under letter of credit, against bills under collection, imports against deferred payment, under foreign credit, import loans by EXIM bank of India.

Unit IV: 
Export promotion Incentives

Export promotion Incentives:
Export Promotion, role of Government, cash assistance, duty drawback, import entitlement.
RBI- Duty draw back, credit schemes- Pre-shipment, export bills
EXIM bank-long term finance guarantees-refinancing of export credits.
ECGC- brief introduction-concessions granted to exporters, combined transport document(CTD)

Unit V: 
A brief study of boards& councils

A brief study of boards& councils Helping specific industry exports:
Agricultural and Processed food products export development authority, Apparel export promotion council, carpet export promotion council, cotton textile export promotion council, Handloom export promotion council.

Essential Readings: 

1. Acharya & Jain , Export Marketing , Himalayan Publishing.
2. Export Import procedures and documentation, IGNOU IBO- 04.
3. Nabhis Export Manual.
4. P. Subba Rao : International Business.

ACADEMIC YEAR: