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**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 realizing 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 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
(4×5)
FOR ANSWERS KINDLY CONTACT US ON OUR WHATSAPP NUMBER 9009368238
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