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.

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: 

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.
5. Jain Khushpat: Export Import Documentation & Procedure

References: 

Francis Cherunilam : International Business.
2. B.K. Chaudhari and O.P. Agarwal : Foreign Trade and Foreign Exchange; Himalayan Publishing.

ACADEMIC YEAR: 
2019-2020
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