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ASSIGNMENT
DRIVE SPRING 2015
PROGRAM MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM3) PGDIB (SEM1)
SUBJECT CODE & NAME IB0013 –Export Import management
CREDIT 4
BK ID B 1907
MAX.MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately
of 400 words. Each questionis followedbyevaluation scheme.
1 What do you meanby export?How many typesof exportsare there?
Answer: The term export means shipping the goods and services out of the port of a country. The seller
of such goods and services is referred to as an "exporter" and is based in the country of export whereas
the overseas based buyer is referred to as an "importer". In International Trade, "exports" refers to
sellinggoodsandservicesproducedinthe home countrytoothermarkets.
There are three types of bills of entry procedures in India. In other words we can say – there are three
typesof import in India from customs pointof

2. 2 What isRCMC? What is its purpose?How is it obtained?
Answer: RCMC Standsfor Registration Cum Membership Certificate. The I.E.C. number is fed to the main
server in the office of the Director General of Foreign Trade (DGFT), New Delhi, through the computers
of the Regional Licencing Authorities and a hard copy as cited in the format Appendix-2B is sent to the
applicant. Once the number is computerised by the office of the Director General of Foreign Trade, it is
transmitted to the custom's computers and a Business Identification Number (BIN) is automatically
generated by the software with the customs, which can be viewed by visiting the web site
dgft.delhi.nic.in.To know the BIN acceptance by the Customs open dgft.delhi.nic.in site and click on IEC
status customs (BIN). The applicant should feed the IEC Number and first three letters of the name of
the firm/companyandclickonquery.The BIN wouldbe
3 Discuss the stages in processingofan exportorder.
Answer: In reality, an export exercise is concluded successfully only after the exporter has been able to
deliverthe consignmentinaccordance withthe exportcontractand receive paymentforthe goods.
These are listedasfollows:
1. Having an Export Order: Processing of an export order starts with the receipt of an export order. An
exportorder,simplystated,meansthatthere shouldbe an
4 Write short noteson:
(a) Transport risk
Answer: The risk of loss due to the possibility that the infrastructure in an area may be insufficient to
complete a project or transport a good. For example, there may be no highways or major roads in an
area,whichwill make it
(b) Credit risk
Answer: Credit risk refers to the risk that a borrower will default on any type of debt by failing to make
required payments. The risk is primarily that of the lender and includes lost principal and interest,
disruption to cash flows, and increased collection costs. The loss may be complete or partial and can
arise ina numberof circumstances.Forexample:
 A consumermayfail to make a

3. 5 What isthe significance ofbill of ladingfor exporterand importer?Explain any 2 types.
Answer: A bill of lading is a document issued by a carrier which details a shipment of merchandise and
gives title of that shipment to a specified party. Bills of lading are one of three important documents
used in international trade to help guarantee that exporters receive payment and importers receive
merchandise. A straight bill of lading is used when payment has been made in advance of shipment and
requiresacarrier to deliverthe merchandiseto
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