NMIMS Export Import Procedure & Documentation assignmt. June 2024

Description

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Export Import Procedures and Documentation
Internal Assignment Applicable for June 2024 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
 Students should write the assignment in their own words. Copying of assignments from other students is not allowed.
 Students should follow the following parameter for answering the assignment questions.
—————————————————————————————————————————————— Q1. You are working with a Customs Broker company. One of your clients seeks your advice on whether to import goods on Ex works, FOB basis or CIF basis. They don’t want to opt for any other incoterms. Please explain the three incoterms and advise them suitably. (10 Marks)

Q2. Your friend wants to import some interior decoration goods from China for his home i.e. personal purposes. He seeks your guidance on obtaining IEC certificate to import goods for his purpose use. Give a good write up to your friend on this. (10 Marks)
Q3.You have been shortlisted for a job of Export & Import Manager. During an interview you have been asked to give your views on the following questions:
a) What are the different type of payment terms prevailing in the international market today on imports? (5 Marks) b) What is your option of payment term for safe transaction and why? (5 Marks)
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