M.B.A. DEGREE EXAMINATION, APRIL 2017
Fourth Semester
IMPORT MANAGEMENT
(CBCS 2013 onwards)
Time 3 Hours Maximum 75 Marks
Part A x 3 15)
Answer all questions.
All questions carry equal marks.
1. What is the significance of IEC number?
2. Enumerate the major factors in international supplier
selection.
3. What constitutes deemed exports?
4. Who is a forwarding agent?
5. What is a 'current account deficit'?
Part B x 10 50)
Answer all questions choosing either or
All questions carry equal marks.
6. Discuss the general provisions of current policy
related to imports.
Or
Brief the procedure to import restricted item in
ITC(HS).
Sub. Code
652404
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7. Economic theory behind antidumping duties is
questionable. Justify.
Or
Describe the salient features of Incoterms 2000.
8. What is EDI? Why is EDI gaining importance in
Foreign trade operations?
Or
Describe the conditions for import of goods by EOU/
EHTP/STP/BTP units.
9. Explain various forms of chartering of shipping
services.
Or
Enumerate the documents required for filing
insurance claims and brief the process to claim
insurance.
10. Discuss the various RBI regulations for making
payment for imports.
Or
Explain exchange rate volatility and how does it
impact business if imports.
Part C 10 10)
(Compulsory)
11. Read the following case and answer the questions.
A bank in New York issued a letter to credit a beneficiary
(seller) in Spain at the request of the buyer covering the
shipment of building products. When the seller presented
the documents to the bank for payment, the bank
declined to pay on the ground that it had no opportunity
to test the quality of the products. The letter of credit did
not require that a testing certificate from an independent
laboratory accompany the documents.
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Questions
Was the bank justified in withholding payment?
Does the buyer or the bank have the right to
demand inspection of the quality of the
merchandise?
What is the importance of the independent principle
for this case?
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