REGULATORY FRAMEWORK OF INDIA’S FOREIGN TRADE

Paper Code: 
FTM-202
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

  
 

CO1.     To Comprehend the basic framework of international trade

CO2.     To Understand the regulatory framework of international trade 

CO3.     To Evaluate the need and benefits of Import facilities

CO4.     To Understand the applied concepts of developing trade policies

CO5.     To Comprehend the current Foreign Trade Policy

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.

  

 

8.00
Unit I: 
Regulatory Issues in International Trade:

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

10.00
Unit II: 
Export import trade regulatory framework:

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

9.00
Unit III: 
Import facilities for exporters:

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.

7.00
Unit IV: 
Strategies to Develop Trade Policy:

Characteristics of India’s Trade, Inward looking strategy (import substitution), Outward looking strategy (export-led growth), Advantage and Disadvantage of Strategies

11.00
Unit V: 
Current foreign trade policy of India:

Objectives, Policy related to Trade Liberalization, Major Schemes, and Highlights

Essential Readings: 

• Rakesh Mohan Joshi, International Marketing Management, Oxford University Press; 2nd edition
• Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi.
• Thakur & Mishra : International Business: Concepts And Techniques, Deep & Deep Publications

References: 

Reference Books:

• P Subba Rao : International Business(Text and Cases) , Edition 4, Himalya Publication House, Mumbai

• Jain & Singh, Modern International Business, Regal Publications, New Delhi.

E-RESOURCES:

• International Financial Management, Apte, McGraw Hill Education https://www.expresslibrary.mheducation.com/bookshelf

• International Business, Aswathappa, McGraw Hill Education https://www.expresslibrary.mheducation.com/bookshelf

JOURNALS:

• Foreign Trade Review

• Global Business review

• Asian Journal of Management Cases

ACADEMIC YEAR: 
2022-2023
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