Foreign Trade Practices & Procedure

Paper Code: 
FTM-602
Credits: 
3
Contact Hours: 
45.00
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 Finance:

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

9.00
Unit II: 
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.

9.00
Unit III: 
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.

9.00
Unit IV: 
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)

9.00
Unit V: 
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.

References: 

1. Francis Cherunilam : International Business.

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

ACADEMIC YEAR: 
2018-2019
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