EXIM Procedures — Winter 2024

Which are the government authorities in India with which an export firm must get itself registered to avail various benefits extended by the government of India?

Analyze the objectives of Foreign Trade (Development and Regulation) Act 1992 and its main provisions

Explain: Prohibited items, Canalized items and Licensed items

Explain: FAS, FOB, CFR & CIF

What are the various activities and formalities to be met by an export firm in India to fulfill an export order? Discuss Page 1 of

Explain the objectives of Preshipment Inspection? What are the methods of Preshipment Inspection and Quality Control?

Examine the role of CHAs, freight forwarders and shipping agents in international trade?

How is a L/Cused as a method of payment in international trade? What are the different types of L/Cs used to make payment in foreign trade?

CASE STUDY: Ms. Hina Ahluwalia is the CEO of a company dealing in consumer electronics. Her company leads the domestic industry in production of computer tablets. Hina’s company has been an exporter and has successfully exported its tablets all over the world, including Canada, Mexico, the European Union, Australia and several countries in Asia. As we know, companies will often import goods or components that can be more effectively and cheaply produced by another company may be from a different country and focus on producing and exporting the goods in which it excels. For similar reasons, Hina’s company has decided to import different components necessary to manufacture its computer tablets from other countries. Importing goods from outside the country is a new activity for Hina’s company and Hina is aware that documentation plays a vital role in import export activities as it facilitates the smooth flow of physical goods and payments thereof across national frontiers. Documentation is, however complex as the number of documents to be filled in is large, so also is the number of concerned authorities to whom the relevant documents are to be submitted. You are required to provide your services to Hina

Explain the process of importing goods to Ms. Hina Ahluwalia and the documents necessary for importing goods

What are import samples? Guide Ms. Hina regarding the provisions pertaining to Import of samples

Ms. Hina wants to understand the different aspects of the import contract. Explain the factors to be considered while finalizing the terms of import contract.

What are import duties? Discuss with Ms. Hina the details of various import duties levied during the process of import. Page 2 of