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Regulatory Framework of India’s Foreign Trade
The Course attempts to provide to the students the knowledge of the quantum and direction of India’s foreign trade in selected areas, and help them learn about the institutional setup being established by Government to promote International business. It also provides knowledge with regards to the regulatory framework within which International businesses operate.
Issues related to Export-Import Contract, Issues related to Exporter and agent, Issues related to product liabilities, Issues related to payments, Methods of dispute settlement: arbitration, conciliation, litigation
Introduction to Foreign trade (development and regulation) act, Foreign exchange management act (FEMA), Customs act, and Export (quality control and inspection) act. International Commercial Practices
Duty Free Replenishment Certificate (DFRC); Duty Entitlement Pass Book Scheme (DEPB); Export promotion capital goods scheme (EPCG); Duty Exemption Schemes: Duty Drawback, Excise Duty Refund, Octroi Exemption, Market Development Assistance (MDA), Market Access Initiative.
Characteristics of India’s Trade, Inward looking strategy (import substitution), Outward looking strategy (export led growth), Advantage and Disadvantage of Strategies
Objectives, Policy related to Trade Liberalization, Major Schemes and Highlights
1. India’s Foreign Trade: IGNOU Module , IBO – 03.
2. International Business: Rakesh Mohan Joshi
3. Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi
1. P. Subba Rao : International Business.
2. International Marketing: M J Methew
3. Thakur & Mishra : International Business.
