Description
TUTOR MARKED ASSIGNMENT
COURSE CODE : IBO-04
COURSE TITLE : Export Import Procedure and Documentation
ASSIGNMENT CODE : IBO-04/TMA/2024
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Attempt all the questions:
1. What is EDI? How has EDI evolved over the years and what are the key
components of an EDI system. What are the benefits organizations are getting
from EDI. Give suitable examples.
(4+8+8)
2. a) What do you mean by Documentary credit. What is the method of realising
payments under Documents Against Payments?
b) What are the documents required under letter of credit. Discuss various
kinds of letter of credit.
(10+10)
3. Comment on the following:
a) Export incentives are not universal practice.
b) In export-import trade people are dealing in documents and not in goods.
c) Credit is a not a major weapon of international competition but it involves
risk.
d) Exchange control regulations are not administered by Reserve Bank of
India.
(4×5)
4. Distinguish between the following:
a) Fiscal incentives and Financial incentives
b) Intermediate advance license and Advance license
c) Domestic sales contract and Export sales contract
d) Insurance policy and Insurance certificate
(4×5)
5. Write a short note on the following:
a) India Trade Promotion Organization (ITPO)
b) Value Added Network Services (VANS)
c) Documentary Credit
d) Stages of Customs Clearance
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