EXIM Policies Procedures

Exim Policies & Procedures

Select The Blank

QuestionPosition Bias is a possibility in ________Questions.

Correct AnswerMultiple choice

Your AnswerMultiple choice

True/False

QuestionData published by the audit bureau of circulation is an external published data.

Correct AnswerTrue

Your AnswerTrue

Multiple Choice Single Answer

QuestionIn cluster analysis linkage is based on farthest neighbor, which is known as :-

Correct AnswerComplete linkage

Your AnswerComplete linkage

Select The Blank

QuestionFinding out the number of vehicles at a given junction is a ________ method.

Correct AnswerDirect Observation

Your AnswerDirect Observation

Select The Blank

QuestionThe ________ objectives are derived from research objectives.

Correct AnswerData

Your AnswerData

Multiple Choice Multiple Answer

QuestionMain features of Technical Report are :-

Correct AnswerMinute details of planning data collection , Analysis , Interpretation

Your AnswerMinute details of planning data collection , Analysis , Interpretation


QuestionFor logical concrete and helpful interpretation which things are the most important?

Correct AnswerInterpretation should be honest and undistorted , Infrequent answers should not go unnoticed , Objective and fundamental principal should always be dealt first

Your AnswerInterpretation should be honest and undistorted , Infrequent answers should not go unnoticed , Objective and fundamental principal should always be dealt first

True/False

QuestionHTML formats uses graphics, grids, sequencing and skip patterns.

Correct AnswerTrue

Your AnswerTrue

Select The Blank

QuestionConvenience Sampling is used for ________.

Correct AnswerExploratory research

Your AnswerExploratory research


QuestionA list of population members used to obtain a sample is known as the:-

Correct AnswerSampling frame

Your AnswerSampling frame

True/False

QuestionA Show card is the identity of the researcher conducting the interview

Correct AnswerFalse

Your AnswerFalse


QuestionOver the counter drugs (OTC) are those :

Correct AnswerWhich consumers buy on their own without doctor's prescription

Your AnswerWhich consumers buy on their own without doctor's prescription


QuestionThe responses for the 'education' of a respondent can include

Correct AnswerNot disclosed , Illiterate , Literate without formal schooling

Your AnswerNot disclosed , Illiterate , Literate without formal schooling


QuestionWhat is coding?

Correct AnswerAssigning a code number to each possible response to the question

Your AnswerAssigning a code number to each possible response to the question


QuestionWhich publications are used for research on Chemical Industry?

Correct AnswerIndian Chemical Directory , Chemical Industry News , Chemical & Petro Chemicals Journal

Your AnswerIndian Chemical Directory , Chemical Industry News , Chemical & Petro Chemicals Journal

True/False

QuestionGetting the response for television viewership from a group of respondents over the period of six months is an example of consumer panel survey.

Correct AnswerTrue

Your AnswerTrue


QuestionIdentify the Close ended question type :-

Correct AnswerScales

Your AnswerScales


QuestionScale Intervals can be used for

Correct AnswerAge

Your AnswerAge

Match The Following

Question

Correct Answer

Your Answer

Executive Report

Report for decision maker


Pictographs

Graphical depiction

Graphical depiction

Histograph

Vertical bar chart

Vertical bar chart

Report for publication

Report for general public



QuestionA multivariate technique which attempts to ascertain the relation between a given variable & a no of other variables is known as :-

Correct AnswerRegression analysis

Your AnswerConjoint analysis

True/False

QuestionReports printed by the professional bodies are external unpublished data.

Correct AnswerFalse

Your AnswerFalse


QuestionStimulated Test Marketing can be used in :-

Correct AnswerProduct Concept testing , Pilot study before National launch , Packaging Appropriateness

Your AnswerProduct Concept testing , Pilot study before National launch , Packaging Appropriateness


QuestionWhat are the various subparts of research objectives?

Correct AnswerResearch Questions , Hypothesis Development , Research Boundaries

Your AnswerHypothesis Development , Research Boundaries , Timeframe


QuestionCluster analysis is used in :-

Correct AnswerMarket segment , Understanding buyer behavior , Selecting test markets for various marketing strategies

Your AnswerMarket segment , Understanding buyer behavior , Selecting test markets for various marketing strategies

True/False

QuestionRange is the simplest measure of calculation of mean.

Correct AnswerFalse

Your AnswerFalse


QuestionThe types of report are

Correct AnswerTechnical report , Publication Report , Executive Report

Your AnswerTechnical report , Publication Report , Executive Report


QuestionBarometric methods of sales forecasting are :-

Correct AnswerHistorical analogy , Product like cycle concept , Survey methods

Your AnswerHistorical analogy , Product like cycle concept , Survey methods


QuestionSpontaneous response from respondent is possible in :-

Correct AnswerFree response questions , Probing questions , Unstructured questions

Your AnswerFree response questions , Probing questions , Unstructured questions

True/False

QuestionThe popularity of Likert scale is due to its ease of construction and administration.

Correct AnswerTrue

Your AnswerTrue


QuestionThe preference of Sunsilk Shampoo to Clinic Plus shampoo can be judged with :-

Correct AnswerOrdinal Scale

Your AnswerOrdinal Scale


QuestionAdhoc methods for determining Sample size are :-

Correct AnswerRules of thumb , Budget constraint , Comparable studies

Your AnswerRules of thumb , Budget constraint , Comparable studies

Select The Blank

QuestionThe significance of Market Research is increasing due to shift from ________ competition.

Correct AnswerPrice to non price

Your AnswerPrice to non price

Select The Blank

QuestionSearching & Developing Alternatives is done in ________.

Correct AnswerExploratory Research

Your AnswerPreliminary Research

True/False

QuestionThe over counter drugs are those which the consumers buy their own with Doctors advice

Correct AnswerFalse

Your AnswerFalse

Select The Blank

QuestionKurtosis is measure of ________ or flatness of curve defined by the frequency distribution.

Correct AnswerRelative peakedness

Your AnswerRelative peakedness

Select The Blank

QuestionComplete________ of respondent and secrecy of data should be maintained.

Correct Answerconfidentiality

Your Answerconfidentiality


QuestionIn Market Research, Research Director must oversees :-

Correct AnswerExecution of research at each stage

Your AnswerExecution of research at each stage


QuestionAn ideal Questionnaire :-

Correct AnswerIs short and concise , Has specific questions , Has uncluttered layout

Your AnswerIs short and concise , Has specific questions , Has uncluttered layout

True/False

QuestionSales quotas are set before estimation of market potential and sales territories.

Correct AnswerFalse

Your AnswerFalse

True/False

QuestionRatio scale does not have a zero point.

Correct AnswerFalse

Your AnswerFalse

Select The Blank

QuestionIn two mode, two way data of MDS, the products can be compared on the basis of ________ .

Correct AnswerObjective and perceived attributes

Your AnswerObjective and perceived attributes


QuestionThe impact of promotional slogans on the consumers can be studied with

Correct AnswerAssociation technique

Your AnswerAssociation technique

Select The Blank

Question________ is the determinant of how people act.

Correct AnswerKnowledge

Your AnswerKnowledge

Select The Blank

QuestionThe assumption that the respondents externalization is the process of his internalization is observed in ________.

Correct AnswerThematic Apperception Test

Your AnswerThematic Apperception Test


QuestionWhich is the institution specialising in Pharma Research?

Correct AnswerCentral Drug Research Institute, Lucknow

Your AnswerPharmaceutical Research Institute

Match The Following

Question

Correct Answer

Your Answer

Bharat Leather Corpn. Ltd.

Agra

Agra

Cashew Corporation Of India Ltd.

Cochin

Cochin

Cement Corporation Of India Ltd.

New Delhi

New Delhi

Automotive Research Association Of India

Pune

Pune


QuestionA multivariate Statistical technique that uses a class of procedures for data reduction & summarization is known as :-

Correct AnswerFactor analysis

Your AnswerFactor analysis

Select The Blank

QuestionPosition Bias is a possibility in ________Questions.

Correct AnswerMultiple choice

Your AnswerMultiple choice

True/False

QuestionData published by the audit bureau of circulation is an external published data.

Correct AnswerTrue

Your AnswerTrue


QuestionIn cluster analysis linkage is based on farthest neighbor, which is known as :-

Correct AnswerComplete linkage

Your AnswerComplete linkage

Select The Blank

QuestionFinding out the number of vehicles at a given junction is a ________ method.

Correct AnswerDirect Observation

Your AnswerDirect Observation

Select The Blank

QuestionThe ________ objectives are derived from research objectives.

Correct AnswerData

Your AnswerData


QuestionMain features of Technical Report are :-

Correct AnswerMinute details of planning data collection , Analysis , Interpretation

Your AnswerMinute details of planning data collection , Analysis , Interpretation


QuestionFor logical concrete and helpful interpretation which things are the most important?

Correct AnswerInterpretation should be honest and undistorted , Infrequent answers should not go unnoticed , Objective and fundamental principal should always be dealt first

Your AnswerInterpretation should be honest and undistorted , Infrequent answers should not go unnoticed , Objective and fundamental principal should always be dealt first

True/False

QuestionHTML formats uses graphics, grids, sequencing and skip patterns.

Correct AnswerTrue

Your AnswerTrue

Select The Blank

QuestionConvenience Sampling is used for ________.

Correct AnswerExploratory research

Your AnswerExploratory research


QuestionA list of population members used to obtain a sample is known as the:-

Correct AnswerSampling frame

Your AnswerSampling frame

True/False

QuestionA Show card is the identity of the researcher conducting the interview

Correct AnswerFalse

Your AnswerFalse


QuestionOver the counter drugs (OTC) are those :

Correct AnswerWhich consumers buy on their own without doctor's prescription

Your AnswerWhich consumers buy on their own without doctor's prescription


QuestionThe responses for the 'education' of a respondent can include

Correct AnswerNot disclosed , Illiterate , Literate without formal schooling

Your AnswerNot disclosed , Illiterate , Literate without formal schooling


QuestionWhat is coding?

Correct AnswerAssigning a code number to each possible response to the question

Your AnswerAssigning a code number to each possible response to the question


QuestionWhich publications are used for research on Chemical Industry?

Correct AnswerIndian Chemical Directory , Chemical Industry News , Chemical & Petro Chemicals Journal

Your AnswerIndian Chemical Directory , Chemical Industry News , Chemical & Petro Chemicals Journal

True/False

QuestionGetting the response for television viewership from a group of respondents over the period of six months is an example of consumer panel survey.

Correct AnswerTrue

Your AnswerTrue


QuestionIdentify the Close ended question type :-

Correct AnswerScales

Your AnswerScales


QuestionScale Intervals can be used for

Correct AnswerAge

Your AnswerAge

Match The Following

Question

Correct Answer

Your Answer

Executive Report



Pictographs

Graphical depiction

Graphical depiction

Histograph

Vertical bar chart

Vertical bar chart

Report for publication




QuestionA multivariate technique which attempts to ascertain the relation between a given variable & a no of other variables is known as :-

Correct AnswerRegression analysis

Your AnswerConjoint analysis

True/False

QuestionReports printed by the professional bodies are external unpublished data.

Correct AnswerFalse

Your AnswerFalse


QuestionStimulated Test Marketing can be used in :-

Correct AnswerProduct Concept testing , Pilot study before National launch , Packaging Appropriateness

Your AnswerProduct Concept testing , Pilot study before National launch , Packaging Appropriateness


QuestionWhat are the various subparts of research objectives?

Correct AnswerResearch Questions , Hypothesis Development , Research Boundaries

Your AnswerHypothesis Development , Research Boundaries , Timeframe


QuestionCluster analysis is used in :-

Correct AnswerMarket segment , Understanding buyer behavior , Selecting test markets for various marketing strategies

Your AnswerMarket segment , Understanding buyer behavior , Selecting test markets for various marketing strategies

True/False

QuestionRange is the simplest measure of calculation of mean.

Correct AnswerFalse

Your AnswerFalse


QuestionThe types of report are

Correct AnswerTechnical report , Publication Report , Executive Report

Your AnswerTechnical report , Publication Report , Executive Report


QuestionBarometric methods of sales forecasting are :-

Correct AnswerHistorical analogy , Product like cycle concept , Survey methods

Your AnswerHistorical analogy , Product like cycle concept , Survey methods


QuestionSpontaneous response from respondent is possible in :-

Correct AnswerFree response questions , Probing questions , Unstructured questions

Your AnswerFree response questions , Probing questions , Unstructured questions

True/False

QuestionThe popularity of Likert scale is due to its ease of construction and administration.

Correct AnswerTrue

Your AnswerTrue


QuestionThe preference of Sunsilk Shampoo to Clinic Plus shampoo can be judged with :-

Correct AnswerOrdinal Scale

Your AnswerOrdinal Scale


QuestionAdhoc methods for determining Sample size are :-

Correct AnswerRules of thumb , Budget constraint , Comparable studies

Your AnswerRules of thumb , Budget constraint , Comparable studies

Select The Blank

QuestionThe significance of Market Research is increasing due to shift from ________ competition.

Correct AnswerPrice to non price

Your AnswerPrice to non price

Select The Blank

QuestionSearching & Developing Alternatives is done in ________.

Correct AnswerExploratory Research

Your AnswerPreliminary Research

True/False

QuestionThe over counter drugs are those which the consumers buy their own with Doctors advice

Correct AnswerFalse

Your AnswerFalse

Select The Blank

QuestionKurtosis is measure of ________ or flatness of curve defined by the frequency distribution.

Correct AnswerRelative peakedness

Your AnswerRelative peakedness

Select The Blank

QuestionComplete________ of respondent and secrecy of data should be maintained.

Correct Answerconfidentiality

Your Answerconfidentiality


QuestionIn Market Research, Research Director must oversees :-

Correct AnswerExecution of research at each stage

Your AnswerExecution of research at each stage


QuestionAn ideal Questionnaire :-

Correct AnswerIs short and concise , Has specific questions , Has uncluttered layout

Your AnswerIs short and concise , Has specific questions , Has uncluttered layout

True/False

QuestionSales quotas are set before estimation of market potential and sales territories.

Correct AnswerFalse

Your AnswerFalse

True/False

QuestionRatio scale does not have a zero point.

Correct AnswerFalse

Your AnswerFalse

Select The Blank

QuestionIn two mode, two way data of MDS, the products can be compared on the basis of ________ .

Correct AnswerObjective and perceived attributes

Your AnswerObjective and perceived attributes


QuestionThe impact of promotional slogans on the consumers can be studied with

Correct AnswerAssociation technique

Your AnswerAssociation technique

Select The Blank

Question________ is the determinant of how people act.

Correct AnswerKnowledge

Your AnswerKnowledge

Select The Blank

QuestionThe assumption that the respondents externalization is the process of his internalization is observed in ________.

Correct AnswerThematic Apperception Test

Your AnswerThematic Apperception Test


QuestionWhich is the institution specialising in Pharma Research?

Correct AnswerCentral Drug Research Institute, Lucknow

Your AnswerPharmaceutical Research Institute

Match The Following

Question

Correct Answer

Your Answer

Bharat Leather Corpn. Ltd.

Agra

Agra

Cashew Corporation Of India Ltd.

Cochin

Cochin

Cement Corporation Of India Ltd.

New Delhi

New Delhi

Automotive Research Association Of India

Pune

Pune


QuestionA multivariate Statistical technique that uses a class of procedures for data reduction & summarization is known as :-

Correct AnswerFactor analysis

Your AnswerFactor analysis

True/False

QuestionAn EPCG License holder may source capital goods from domestic leasing company.

Correct AnswerTrue

Your AnswerTrue

True/False

QuestionThird party export also counted towards export obligation provided address of manufacturer is mentioned in shipping bill.

Correct AnswerTrue

Your AnswerFalse


QuestionAdvance License obtained against supplies made to EOU/EHTP/ STP etc will be entitled for exemption from :-

Correct AnswerAnti Dumping and Safeguard duty

Your AnswerAnti Dumping and Safeguard duty

Select The Blank

QuestionIndustrial cluster town of Tirupur is famous for production of ________.

Correct AnswerHosiery items

Your AnswerHosiery items

Match The Following

Question

Correct Answer

Your Answer

CIF

Cost Insurance Freight

Cost Insurance Freight

100% EOU

100% Export Oriented Units

100% Export Oriented Units

SEZ

Special Economic Zone

Special Economic Zone

EPCG

Export Promotion Capital Goods



QuestionNew or Second Hand Capital Goods are allowed for import or export without license, provided

Correct AnswerBank Guarantee is executed , Items freely exportable under ITC(HS) , Transactions being done by Registered Exporter

Your AnswerBank Guarantee is executed , Items freely exportable under ITC(HS) , Transactions being done by Registered Exporter


QuestionAdvance License under Deemed exports category can be issued to supplies made to:-

Correct AnswerAid programme under United Nations

Your AnswerAid programme under United Nations

True/False

QuestionPanipat has become Industrial cluster town because of manufacturing of Curtain Material

Correct AnswerFalse

Your AnswerFalse


QuestionDeemed exports is beneficial to Indian buyers because :-

Correct AnswerIt reduces costs in supply chain management , After sales service is easier , Saves foreign exchange

Your AnswerIt reduces costs in supply chain management , After sales service is easier , Saves foreign exchange


QuestionAuthorised Air Ports for export consignments are :-

Correct AnswerCoimbatore , Srinagar , Varanasi

Your AnswerCoimbatore , Srinagar , Varanasi


QuestionUnder Duty Exemption Scheme following items are allowed for import without payment of customs duty against firm export obligations :-

Correct AnswerRaw Materials , Components , Packing Material

Your AnswerRaw Materials , Packing Material , Technical expertise


QuestionGovernment gives concessions to Export Oriented Units to enable them to meet international competition in terms of :-

Correct AnswerPricing , Quality , Delivery

Your AnswerPricing , Quality , Delivery

Select The Blank

QuestionContainers meant for packing of goods for exports are allowed for import or export________.

Correct AnswerWithout any license or permission

Your AnswerWithout extra charges


QuestionExport promotion units may be allowed to import following items duty free :-

Correct AnswerCapital equipment , Raw Material , Spares

Your AnswerCapital equipment , Raw Material , Spares

True/False

QuestionDappar is the entitled ICD for export consignments.

Correct AnswerTrue

Your AnswerTrue

True/False

QuestionApplications received electronically will be cleared within 24 hours

Correct AnswerTrue

Your AnswerTrue

Select The Blank

QuestionFor supplies of goods to multilateral agencies legal agreement provide for tender evaluation without including ________ duties.

Correct AnswerCustoms

Your AnswerExcise

True/False

QuestionDeemed export means supply made from India to Indian buyers against their import entitlements.

Correct AnswerTrue

Your AnswerTrue

True/False

QuestionExport Promotion Councils are autonomous bodies and regulate their own affairs

Correct AnswerTrue

Your AnswerTrue


QuestionExport Promotion councils will utilise financial assistance for

Correct AnswerMarketing studies , Common warehousing facilities , Transport subsidies for agriculture products

Your AnswerMarketing studies , Common warehousing facilities , Foreign visits by office bearers

Select The Blank

QuestionWhenever any duty free import is allowed, the importer shall execute a ________with the custom authorities

Correct AnswerBank Guarantee

Your AnswerBank Guarantee


QuestionDEPB means :-

Correct AnswerCredit limit upto which the exporter do not have to pay Custom duty on import

Your AnswerCredit limit upto which the exporter do not have to pay Custom duty on import

Select The Blank

QuestionIn case of sub contractors whose name appear in the ________ contract should make supplies to Main Contractor.

Correct AnswerMain

Your AnswerMain


QuestionNon fulfillment of export obligation will lead to :-

Correct AnswerCustoms duty + 15% Interest pa

Your AnswerCustoms duty + 15% Interest pa

Select The Blank

QuestionThe exporter shall furnish ________ Returns to the Registering Authorities

Correct AnswerQuarterly

Your AnswerQuarterly

Select The Blank

QuestionAll activities of Export Promotional units are to be undertaken in ________.

Correct AnswerBonded area

Your AnswerBonded area

Select The Blank

QuestionLatest EXIM policy is valid for the period of ________.

Correct Answer2002-2007

Your Answer2004-2009


QuestionEntitled LCS for export consignments are :-

Correct AnswerRaxaul

Your AnswerRaxaul


QuestionFTWZ is entitled for :-

Correct AnswerFree Foreign Exchange Transactions

Your AnswerFree Foreign Exchange Transactions


QuestionDeemed export's benefits are :-

Correct AnswerAdvance License , Deemed export draw back , Refund of Terminal Export Duty

Your AnswerAdvance License , Deemed export draw back , Refund of Terminal Export Duty

Select The Blank

QuestionAuthorised ICD for export shipment is________.

Correct AnswerPitampur (Indore)

Your AnswerPitampur (Indore)


QuestionEOU production can be sub contracted to DTA provided :-

Correct AnswerFinal products are returned to EOU for exports

Your AnswerFinal products are returned to EOU for exports

Select The Blank

QuestionForeign Trade Policy aims to act as an effective instrument of economic growth by giving thrust to ________.

Correct AnswerEmployment Generation

Your AnswerEmployment Generation

True/False

QuestionDGFT may issue advance licenses on self declaration basis for import of horn, hoof and other organ of animals.

Correct AnswerFalse

Your AnswerFalse


QuestionImported items may be exported in the same or substantially in the same form without specific permission, provided

Correct AnswerThey are imported into customs bonded warehouse , They are freely exportable as per ITC(HS) , Payment in freely convertible currency

Your AnswerThey are imported into customs bonded warehouse , They are freely exportable as per ITC(HS) , Payment in freely convertible currency

Match The Following

Question

Correct Answer

Your Answer

SIDA

Swedish International Development Agency

Swedish International Development Agency

FERA

Foreign Exchange Regulation Act

Foreign Exchange Regulation Act

IBRD

International Bank for Reconstruction and Development

International Bank for Reconstruction and Development

ADB

Asian Development Bank

Asian Development Bank


QuestionSupply of goods to nuclear power projects is termed as deemed exports when :-

Correct AnswerProjects approved through competitive bidding

Your AnswerProjects approved through competitive bidding


QuestionFTWZ is eligible for :-

Correct AnswerIncome Tax exemption , Service Tax exemption , Customs duty exemption

Your AnswerIncome Tax exemption , Service Tax exemption , Customs duty exemption

Select The Blank

QuestionAuthorised Air Port for export consignments is________.

Correct AnswerNagpur

Your AnswerNagpur


QuestionExport Promotion Zones were created in order to :-

Correct AnswerSupport Manufacturing Sector

Your AnswerSupport Manufacturing Sector


QuestionDocuments required for Application to be made for supplies to Nuclear Power projects are :-

Correct AnswerApplication form in Appx 12-B , Project Authority Certificate Appx 12-A , Invoice certified by Project Authority

Your AnswerApplication form in Appx 12-B , Project Authority Certificate Appx 12-A , Invoice certified by Project Authority


QuestionSpecial Agricultural Produce Scheme' was devised to promote

Correct AnswerExport of Fruits, Vegetables and flowers

Your AnswerExport of Fruits, Vegetables and flowers


QuestionIEC code has perpetual validity so long as there is no change in -

Correct AnswerConstitution or management of the applicant

Your AnswerConstitution or management of the applicant

True/False

QuestionSION is fixed for frequently exported goods.

Correct AnswerTrue

Your AnswerTrue

True/False

QuestionSub Contracting is allowed provided products are dispatched directly form EOU premises.

Correct AnswerTrue

Your AnswerTrue


QuestionAdverse factor which is hampering exports is :

Correct AnswerLack of value added processing

Your AnswerLack of value added processing


QuestionUnder Market Access Initiatives (MAI) Central Government extends assistance to

Correct AnswerExport Promotion councils , Industry and Trade Associations , Agencies of State Governments

Your AnswerExport Promotion councils , Industry and Trade Associations , Agencies of State Governments

Multiple Choice Single AnswerQuestion Any person applying for any License of benefit or concession under the Foreign Trade Policy will be required to furnish :Correct Answer Registration cum Membership Certificate (RCMC)Your Answer Registration cum Membership Certificate (RCMC)

True/FalseQuestion In case of Free of cost imported raw material, value addition would be computed by adding Notional Value of free of cost material to both CIF value of imports and FOB value of exports.Correct Answer TrueYour Answer False

Select The BlankQuestion Authorised Air Port for export consignments is________.Correct Answer NagpurYour Answer Ranchi

Select The BlankQuestion Market Development Assistance is given to Exporters having annual Export turnover upto Rs.________.Correct Answer 5 CrsYour Answer 5 Crs

Match The FollowingQuestionCorrect AnswerYour AnswerSEZSpecial Economic ZonesSpecial Economic ZonesBOABoard of ApprovalBoard of AdministratorsEPZExport Processing ZonesExempted Processing ZonesOBUOffshore Banking UnitsOffshore Banking Units

Multiple Choice Multiple AnswerQuestion License holder shall furnish following details of material being imported :-Correct Answer Specifications , Technical Characteristics , PricingYour Answer Specifications , Technical Characteristics , Quality control report of country of origin

Multiple Choice Multiple AnswerQuestion Special Economic Zones were created to :-Correct Answer Boost manufacturing , Augment exports , Generate employmentYour Answer Boost manufacturing , Augment exports , Generate employment

True/FalseQuestion Deemed export benefits are sanctioned by DGFT without claims.Correct Answer FalseYour Answer False

True/FalseQuestion Private sector cannot develop Special Economic Zones.Correct Answer FalseYour Answer True

Multiple Choice Multiple AnswerQuestion Under Advance License goods imported may be used in any of the units of :-Correct Answer License Holder , Jobber , Supporting manufacturerYour Answer License Holder , Jobber

Multiple Choice Multiple AnswerQuestion The major functions of Export Promotion Council (EPC) areCorrect Answer Provide commercial information , Organise trade fairs, exhibitions , Promote interaction between trade and GovernmentYour Answer Provide commercial information , Organise trade fairs, exhibitions , Bail out exporters in case of losses

Multiple Choice Single AnswerQuestion Documents required for supplies made against Advance License are :-Correct Answer Xerox copy of Purchase order /ContractYour Answer Bank Guarantee

Multiple Choice Single AnswerQuestion For EOU units Disposal of used packing material will be allowed on payment of duty on :-Correct Answer Transaction ValueYour Answer CIF value

Multiple Choice Multiple AnswerQuestion Import of Capital Goods is allowed for :-Correct Answer Jigs , Fixtures , DiesYour Answer Jigs , Fixtures , Dies

Multiple Choice Single AnswerQuestion Major function of Export Promotion Councils is :Correct Answer Offer Professional advise to exportersYour Answer Offer Professional advise to exporters

Multiple Choice Single AnswerQuestion Sale by EOU to SEZ units is treated as :-Correct Answer Physical exportsYour Answer Deemed exports

Multiple Choice Multiple AnswerQuestion DGFT may issue Advanced License, where SION does not exists, based on self declaration, based on :-Correct Answer Undertaking by the applicant , Final adjustments as per adhoc SION , Adhoc norms fixed categoryYour Answer Final adjustments as per adhoc SION , Adhoc norms fixed category , Track record of exporter

True/FalseQuestion Foreign exchange earning by way of Equity Participation and donations will not be entitled for duty credit.Correct Answer TrueYour Answer False

Multiple Choice Single AnswerQuestion FTWZ is entitled for :-Correct Answer Free Foreign Exchange TransactionsYour Answer Transaction only with advance payments

Multiple Choice Single AnswerQuestion Objective of Foreign Trade Policy is to:Correct Answer Double our Share in Global Market within next 5 yearsYour Answer Double our Share in Global Market within next 5 years

Multiple Choice Single AnswerQuestion Under International Trade Agreements India is required to :-Correct Answer Eliminate Quantitative restrictions on importsYour Answer Eliminate Quantitative restrictions on imports

Select The BlankQuestion Foreign Trade Policy aims to act as an effective instrument of economic growth by giving thrust to ________.Correct Answer Employment GenerationYour Answer Increase trade

Multiple Choice Single AnswerQuestion In order to obviate need for litigation , Foreign Trade Policy lays down :Correct Answer Grievance Redressal MechanismYour Answer Grievance Redressal Mechanism

Select The BlankQuestion Four Star Export House should have minimum export performance of Rs.________.Correct Answer 1500 CrsYour Answer 1500 Crs

Multiple Choice Single AnswerQuestion Granite sector EOU may supply capital goods inputs to :-Correct Answer Farms/Fields/Quarries directlyYour Answer Manufacturing bases only

Select The BlankQuestion FTWZ is expected to address the issues of ________.Correct Answer Global Trading networkYour Answer Star Trading Houses

Multiple Choice Multiple AnswerQuestion Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if :-Correct Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paidYour Answer It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paid

Select The BlankQuestion EXIM Licensing is a________ function of Board of Trade under Foreign Trade PolicyCorrect Answer RegulatoryYour Answer Promotional

Select The BlankQuestion Special Economic Zones will located in areas which will be technically treated as ________.Correct Answer Foreign Territory for applicability of domestic legislationsYour Answer Financially independent

True/FalseQuestion All imported goods shall be subject to domestic laws, rules, orders, regulations.Correct Answer TrueYour Answer True

True/FalseQuestion An EPCG License holder may source capital goods from domestic leasing company.Correct Answer TrueYour Answer True

Multiple Choice Multiple AnswerQuestion Deemed exports is beneficial to Indian buyers because :-Correct Answer It reduces costs in supply chain management , After sales service is easier , Saves foreign exchangeYour Answer It reduces costs in supply chain management , Saves foreign exchange

True/FalseQuestion In Special Economic Zones Domestic Laws will not be applicable.Correct Answer TrueYour Answer False

Multiple Choice Multiple AnswerQuestion Export promotion units may be engaged in :-Correct Answer Manufacturing activities , Provision of Services , Trading activitiesYour Answer Provision of Services , Trading activities , Consultancy services

Multiple Choice Single AnswerQuestion Minimum investment required for FTWZ is :-Correct Answer 100 CrorersYour Answer 125 Croers

Multiple Choice Single AnswerQuestion Department of commerce allots funds to the states on following criteria:Correct Answer Growth in exportsYour Answer Domestic market conditions

Select The BlankQuestion Latest EXIM policy is valid for the period of ________.Correct Answer 2002-2007Your Answer 2002-2007

True/FalseQuestion Gopalpur is the entitled sea port for export consignments.Correct Answer FalseYour Answer True

Select The BlankQuestion Under International Trade Agreements India is required to eliminate________ on our imports.Correct Answer Quantitative restrictionsYour Answer Red tape in the transaction processing

Select The BlankQuestion Industrial cluster town of Tirupur is famous for production of ________.Correct Answer Hosiery itemsYour Answer Fire Crackers

Select The BlankQuestion The exporter shall furnish ________ Returns to the Registering AuthoritiesCorrect Answer QuarterlyYour Answer Quarterly

True/FalseQuestion Sub Contracting is allowed provided products are dispatched directly form EOU premises.Correct Answer TrueYour Answer False

True/FalseQuestion Import of second hand (maximum 3 years old) capital goods are allowed.Correct Answer FalseYour Answer True

Match The FollowingQuestionCorrect AnswerYour AnswerCIFCost Insurance FreightCost Insurance Freight100% EOU100% Export Oriented Units100% Export Oriented UnitsSEZSpecial Economic ZoneSpecial Economic ZoneEPCGExport Promotion Capital GoodsExport Promotion Credit Guarantee

Multiple Choice Multiple AnswerQuestion Under Market Development Assistance Government providesCorrect Answer Expenses for trade fairs abroad , Expenses for buyer /sellers meet , Foreign travelYour Answer Expenses for trade fairs abroad , Expenses for buyer /sellers meet

Multiple Choice Single AnswerQuestion Benefits to Star Export Houses areCorrect Answer Custom clearances on Self Declaration basisYour Answer Custom clearances on Self Declaration basis

Multiple Choice Multiple AnswerQuestion India could achieve import substitution because :-Correct Answer Concessions given on Technology transfer , Training of Indian professionals abroad , Technical collaborationYour Answer Training of Indian professionals abroad , Technical collaboration , Expertise in IT sector

True/FalseQuestion: In case of Free of cost imported raw material, value addition would be computed by adding Notional Value of free of cost material to both CIF value of imports and FOB value of exports.Correct Answer: True

Select The BlankQuestion: Authorised Air Port for export consignments is________.Correct Answer: Nagpur

Select The BlankQuestion: Market Development Assistance is given to Exporters having annual Export turnover upto Rs.________.Correct Answer: 5 Crs

Match The FollowingQuestion

Correct AnswerSEZ

Special Economic ZonesBOA

Board of ApprovalEPZ

Export Processing ZonesOBU

Offshore Banking Units

Multiple Choice Multiple AnswerQuestion: License holder shall furnish following details of material being imported :-Correct Answer: Specifications , Technical Characteristics , Pricing

Multiple Choice Multiple AnswerQuestion: Special Economic Zones were created to :-Correct Answer: Boost manufacturing , Augment exports , Generate employment

True/FalseQuestion: Deemed export benefits are sanctioned by DGFT without claims.Correct Answer: False

True/FalseQuestion: Private sector cannot develop Special Economic Zones.Correct Answer: False

Multiple Choice Multiple AnswerQuestion: Under Advance License goods imported may be used in any of the units of :-Correct Answer: License Holder , Jobber , Supporting manufacturer

Multiple Choice Multiple AnswerQuestion: The major functions of Export Promotion Council (EPC) areCorrect Answer: Provide commercial information , Organise trade fairs, exhibitions , Promote interaction between trade and Government

Multiple Choice Single AnswerQuestion: Documents required for supplies made against Advance License are :-Correct Answer: Xerox copy of Purchase order /Contract

Multiple Choice Single AnswerQuestion: For EOU units Disposal of used packing material will be allowed on payment of duty on :-Correct Answer: Transaction Value

Multiple Choice Multiple AnswerQuestion: Import of Capital Goods is allowed for :-Correct Answer: Jigs , Fixtures , Dies

Multiple Choice Single AnswerQuestion: Major function of Export Promotion Councils is :Correct Answer: Offer Professional advise to exporters

Multiple Choice Single AnswerQuestion: Sale by EOU to SEZ units is treated as :-Correct Answer: Physical exports

Multiple Choice Multiple AnswerQuestion: DGFT may issue Advanced License, where SION does not exists, based on self declaration, based on :-Correct Answer: Undertaking by the applicant , Final adjustments as per adhoc SION , Adhoc norms fixed category

True/FalseQuestion: Foreign exchange earning by way of Equity Participation and donations will not be entitled for duty credit.Correct Answer: True

Multiple Choice Single AnswerQuestion: FTWZ is entitled for :-Correct Answer: Free Foreign Exchange Transactions

Multiple Choice Single AnswerQuestion: Objective of Foreign Trade Policy is to:Correct Answer: Double our Share in Global Market within next 5 years

Multiple Choice Single AnswerQuestion: Under International Trade Agreements India is required to :-Correct Answer: Eliminate Quantitative restrictions on imports

Select The BlankQuestion: Foreign Trade Policy aims to act as an effective instrument of economic growth by giving thrust to ________.Correct Answer: Employment Generation

Multiple Choice Single AnswerQuestion: In order to obviate need for litigation , Foreign Trade Policy lays down :Correct Answer: Grievance Redressal Mechanism

Select The BlankQuestion: Four Star Export House should have minimum export performance of Rs.________.Correct Answer: 1500 Crs

Multiple Choice Single AnswerQuestion: Granite sector EOU may supply capital goods inputs to :-Correct Answer: Farms/Fields/Quarries directly

Select The BlankQuestion: FTWZ is expected to address the issues of ________.Correct Answer: Global Trading network

Multiple Choice Multiple AnswerQuestion: Fulfillment of Export obligation for licenses with duty saved of Rs.100 Corers or more is valid only if :-Correct Answer: It is 8 times the duty saved on capital goods , It is fulfilled within 12 years for issuance of license , Initial 5% custom duty has been paid

Select The BlankQuestion: EXIM Licensing is a________ function of Board of Trade under Foreign Trade PolicyCorrect Answer: Regulatory

Select The BlankQuestion: Special Economic Zones will located in areas which will be technically treated as ________.Correct Answer: Foreign Territory for applicability of domestic legislations

True/FalseQuestion: All imported goods shall be subject to domestic laws, rules, orders, regulations.Correct Answer: True

True/FalseQuestion: An EPCG License holder may source capital goods from domestic leasing company.Correct Answer: True

Multiple Choice Multiple AnswerQuestion: Deemed exports is beneficial to Indian buyers because :-Correct Answer: It reduces costs in supply chain management , After sales service is easier , Saves foreign exchange

True/FalseQuestion: In Special Economic Zones Domestic Laws will not be applicable.Correct Answer: True

Multiple Choice Multiple AnswerQuestion: Export promotion units may be engaged in :-Correct Answer: Manufacturing activities , Provision of Services , Trading activities

Multiple Choice Single AnswerQuestion: Minimum investment required for FTWZ is :-Correct Answer: 100 Crorers

Multiple Choice Single AnswerQuestion: Department of commerce allots funds to the states on following criteria:Correct Answer: Growth in exports

Select The BlankQuestion: Latest EXIM policy is valid for the period of ________.Correct Answer: 2002-2007

True/FalseQuestion: Gopalpur is the entitled sea port for export consignments.Correct Answer: False

Select The BlankQuestion: Under International Trade Agreements India is required to eliminate________ on our imports.Correct Answer: Quantitative restrictions

Select The BlankQuestion: Industrial cluster town of Tirupur is famous for production of ________.Correct Answer: Hosiery items

Select The BlankQuestion: The exporter shall furnish ________ Returns to the Registering AuthoritiesCorrect Answer: Quarterly

True/FalseQuestion: Sub Contracting is allowed provided products are dispatched directly form EOU premises.Correct Answer: True

True/FalseQuestion: Import of second hand (maximum 3 years old) capital goods are allowed.Correct Answer: False

Match The FollowingQuestion

Correct AnswerCIF

Cost Insurance Freight100% EOU

100% Export Oriented UnitsSEZ

Special Economic ZoneEPCG


Multiple Choice Multiple AnswerQuestion: Under Market Development Assistance Government providesCorrect Answer: Expenses for trade fairs abroad , Expenses for buyer /sellers meet , Foreign travel

Multiple Choice Single AnswerQuestion: Benefits to Star Export Houses areCorrect Answer: Custom clearances on Self Declaration basis

PGDIEM- SEM I

Exim Policy &

Export Procedure & Documentation

(102)

(I)

Preliminaries For Exports

Registration IEC,

RCMC, EPC, C.Excise

Registration of Exporters/Importers

All intending importers/ exporters are required to register themselves

with the following authorities before commencing business;

DGFT( regional authority) for obtaining Importer-Exporter Code

Number (IEC Number)

Concerned Export Promotion Councils / Federation of Indian

Export Organization) for obtaining Registration- cum Membership

Certificates (RCMC)

Registration with Value added Tax Authorities

Registration with Central Excise Authorities

Registration of Exporters /Importers

Importer Exporter Code Number (IEC)

No person is allowed to export or import goods

without obtaining an Importer-Exporter Code

Number, from the regional authority, unless

specifically exempted, under any other provision of

FTP.

Exporter of goods to Nepal or Myanmar through

Indo-Myanmar border areas, are exempted,

provided that the CIF value per consignment, is

below Rs. 25,000.00.

Registration of Exporters /Importers

(cont)

Application For Grant Of IEC Number

An application for grant of IEC number shall be made by the

Registered Office/ H.O., of the applicant, to the Regional

Authority, (DGFT-Regional Office), under whose jurisdiction,

the Registered Office in case of the company, or H.O. in case

of others, falls in the Ayyat-Niryat Form, and shall be

accompanied by:

DD or Bank Receipt for Rs. 1000.00

ST registration certificate or passport copy (for an

individual), or copy of the legal authority letter when the

application is signed by an authorized signatory.

Certificate from banker of the firm as required

A copy of PAN card duly attested, copies of passport size

photographs etc

Registration of Exporters Contd..1

The regional Office concerned, will grant an IEC number

to the applicant, in the prescribed format. A copy of such

certificate, shall also be endorsed to the banker.

An IEC number allotted, shall be valid, for all its

branches/ divisions / units/ factories, as indicated on the

IEC number.

To facilitate collection of license / other documents,

identity cards are issued by Regional Authority, to the

authorized representative of the applicant.

Registration With EPCs

Registration with Export promotion Councils/ Commodity

Boards/ Authorities

To enable exporters avail of benefits/ concessions given under

the FTP, they are required to register with concerned EPC/

C.B /or authority and obtain an registration cummembership

certificate (RCMC)

The Exporter is required to apply in the prescribed format to

EPC relating to their main line of business

Status Holder can also obtain RCMC from FIEO.

Application for obtaining RCMC, to be made in prescribed

manner & accompanied by IEC code number. If application is

granted, EPC or FIEO will grant status of the exporter as

merchant exporter or manufacturer exporter

Registration With VAT Authorities

Registration with Value added Tax Authorities (VAT)

Goods which are to be shipped out of the country

for exports are eligible for are eligible for

exemption from both VAT & CST.

For this , the exporters are required to register

themselves, with the VAT authorities of the state, in

which they are located.

The registration has to be done in the manner

prescribed by the state VAT authorities.

Registration With Central Excise & PAN

Registration with Central Excise Authorities

Goods meant for export are exempt from CED.

For this the manufacturer has two options :

either they can deposit CED at the time of clearance from

factory

or take refund or avail procedure for export of goods

without payment at the time of clearance.

Obtaining PAN

Exporters & importers who obtain the IEC number

are also required to obtain PAN. An application in

form number 49A has to be submitted

Other Registrations

Any exporter who wants to export his goods needs to

obtain PAN based Business Identification Number

(BIN) from DGFT prior to filing of Shipping Bill for

clearance of export goods.

The exporter must also register themselves to the

authorized foreign exchange dealer code & open a

current account in the designated bank for credit of

any drawback incentive.

All exporters intending to export under export

promotion schemes need to get their licenses, DEEC

Books etc.

(II)

Categories Of Exports

Physical Direct & Indirect

Deemed Exports

Merchant & Manufacturer Exports

Categories of Exporters

Exporter

Means a person, who exports or intends to export and holds an

importer-exporter code number, unless otherwise specifically

exempted

Manufacturer Exporter

Manufacturer exporter means a person, who exports goods

manufactured by him, or intends to export such goods

Merchant Exporter

Merchant exporter means a person, engaged in trading activity

and exporting or intending to export goods.

A status holder means an exporter recognized as Export House,

Trading House, PTH etc by DGTD/ Development Commissioner.

Categories of Exporters (Cont)

Supporting Manufacturer , means any persons who

manufactures any product or part/ accessories/ components

of that product. Name of supporting manufacturer as well as

exporter must be endorsed on export documents.

Third Party exports means exports made by an exporter or

manufacturer on behalf of another exporter(s). In such

cases, export documents such as shipping bills shall include

name of both manufacturer exporter/manufacturer & third

party exporters. BRCs, GR declaration, export order &

invoice should be in the name of third oarty exporter.

Categories of Exporters (Cont)

Service Exporter means a person providing:

Supply of service from India to any other country

Supply of service to a service consumer of any other

country in India

Supply of service from India through commercial or

physical presence in the territory of another country.

Supply of service in India relating to exports paid in FFE

Services normally means services recognized by GATT /

WTOS Agreement & includes 161 tradable services covered

under GATS & where payment for services is received under

FFE.

Deemed Exports

Deemed Exports refers to those transactions in

which goods supplied do not leave the country &

payment for such supplies is received either in

Indian Rupees or in FFE.

Following categories of supplies by main/sub

contractors shall be regarded as deemed exports

under FTP, provided goods are manufactured in

India:

Supply of goods under advance authorization/

DFIA

Supply of goods to EOUs/ STPs/ EHTPs or BTPs

Deemed Exports (cont)

Supply of capital goods to holders of authorization

under EPCG scheme.

Supply of goods to projects funded by multilateral or

bilateral agencies or funds as notified by DEA.

Supply of capital goods to fertilizer plants.

Supply of goods to power projects & refineries.

Supply to projects funded by UN agencies & nuclear

power plants etc.

Benefits For Deemed Exports

Deemed exports, shall be eligible for any/ all of

the following benefits, in respect of manufacture &

supply of goods, qualifying as deemed exports

Advance authorization/ DFIA

Deemed export drawback.

Exemption from terminal export duty where

supplies are made against ICB. In other cases

refund of terminal excise duty will be given.

Benefits For Deemed Exports (cont)

In respect of supplies made against the Supplier

Authorization / DFIA in terms of paragraph 8.2(a)

of FTP, supplier shall be entitled to Advance

Authorization / DFIA, for intermediate supplies.

If supplies are made against Advance Release

Order (ARO) or Back to Back Letter of Credit

issued against Advance Authorization / DFIA, in

terms of paragraphs 4.1.11 and 4.1.12 of FTP,

suppliers shall be entitled to benefits listed in

paragraphs 8.3(b) and (c) of FTP, wherever is

applicable.

Export & Trading Houses

Export & Trading Houses: Merchant as well as Manufacturer

Exporters, Service Providers, EOUs & units located in SEZs ,

AEZs, Electronic Hardware Technology Parks (EHTPs),

Software Technology Parks (STPs) & Bio-Technology Parks

(BTPs) shall be eligible for status.

Status is calculated on total FOB export performance during

current plus previous three years (taken together) upon

exceeding limit given below:

EXPORT HOUSE (EH): Rs. 20 Crores

STAR EXPORT HOUSE (SEH): Rs. 100 Crores

TRADING HOUSE (TH): Rs. 500 Crores

STAR TRADING HOUSE (STH): Rs. 2500 Crores

PREMIUR TRADING HOUSE (PTH): Rs. 10,000 Crores.

Export & Trading Houses Contd.

Status holder will be eligible for a number of facilities including :

Authorization & customs clearance for both imports &

exports, on self-declaration basis.

Fixation of input-output norms on priority within 60 days

Exemption from compulsory negotiation of documents through

banks

100% retention of foreign exchange on EEFC account

Enhancement of normal repatriation period from 180 days to

360 days.

Exemption of providing Bank guarantee in schemes under

FTP.

SEH & above to be permitted to establish export warehouses

as per DoR guidelines

Conferring ACP status within 30 days of application.

(III)

Shipping Documents &

Terms Used In Shipping

III(a)

Shipping Documents

Documents For Declaration Of Goods

Under Foreign Exchange Rules

Section 7 of FEMA 1999, lays down the statutory control

concerning exports.

Under FEMA regulations ( number 3), every exporter of goods

or software in physical form or through any other form, either

directly or indirectly, to anyplace outside India ( other than

Nepal & Bhutan) shall furnish to the specified authority a

declaration in prescribed form & supported by such evidence as

may be specified.

Certain goods & services like trade samples, personal effects,

personal gifts, goods being sent for testing, defective goods

being sent outside for repair etc are exempted from the above.

Documents For Declaration Of Goods

Under Foreign Exchange Rules

The appropriate declaration forms are :

GR Forms : To be completed in duplicate for all exports

(other than by post) including export of software in physical

form.

SDF Form : In duplicate and appended to the shipping Bill

for exports declared to customs offices notified by Central

Government which have introduced EDI system for

processing Shipping Bill.

PP Form : for exports by post

SOFTEX : To be completed in triplicate for export of

software otherwise than in physical form ie. Magnetic

tapes, disks & paper media.

GR Form

GR Form is an exchange control document required by RBI. The

exporter through the GR Form has to assure to the RBI that the export

proceeds will be realized within 180 days.

It is submitted in duplicate, to the customs, at the port of shipment

along with the Shipping Bill & the customs certify the value declared

by the exporter & also record the assessable value.

Customs returns one copy to exporter & retains the original for

transmission to RBI

The exporter is required to negotiate the shipping documents, through

his bankers (authorized dealers), along with the GR Form, within 21

days of the shipment.

The authorized dealer reports to the RBI after negotiation of

documents & has to retain the documents till the full exports proceeds

have been realized, & thereafter send the documents to RBI.

Electronic Data Interchange (EDI)

Electronic data Interchange can be used to electronically transmit

documents such as purchase orders, invoices, shipping bills, receiving

advices and other standard business correspondence.

Coping with the increasing imports/exports the Excise & Customs has

computerized the manual process of assessment of Bills of entry,

clearing of shipping bills for export & all documents relating to

imports & exports are being processed on-line

At present all types of bills of entry for import of goods under export

related schemes, e.g., 100% EOUs, EPCG scheme, EPZ, STP, EHTP,

DEPB, DEEC, & imports for research purposes are being processed

on EDI system.

A new centralized electronic data system will be in place at major

ports, airports by the end of the year (2008), for speedy and hasslefree

clearance of exports and imports as well as to reduce delays in

settling duty drawback claims.

SDF Forms

On account of introduction of EDI system at certain customs

offices, where shipping bills are processed electronically, the

existing declaration in Form GR, is replaced by declaration in

Form SDF ( statutory declaration form) .

SDF form is to be submitted in duplicate, annexed to the relative

shipping bill to the concerned commissioner of customs.

After verifying & authenticating the declaration, the commissioner

hands over to the exporter, exchange control copy of the shipping

bill & the SDF form annexed thereto.

This must be submitted to the authorized dealer, within 21 days

from the date of export, along with other shipping documents for

negotiation.

The manner of disposal of the shipping bill & the SDF form

annexed thereto is the same as that of the GR form.

SOFTEX Forms

The exporter should submit declaration in Form SOFTEX in

triplicate in respect of export of computer software & audio/

video/ television software to the concerned designated official of

GOI at STPI/ EPZ/FTZ/SEZ for valuation/ certification not later

than 30 days from the date of invoice.

The designated official may also certify the SOFTEX forms of

EOUs which are registered with them.

In respect of long duration contracts, where the exporter bills the

client periodically, the exporter can submit a combined SOFTEX

form of all invoices including advance remittance.

Disposal of SOFTEX forms is done as per prescribed procedure in

Export Of Goods & Services Regulations, 2000. Duplicate copy of

SOFTEX along with a copy of the invoice may be retained by

authorized dealers.

Documents For Transportation Of goods

The documents required for transportation of goods are:

Airway Bill or Air consignment Note

Bill Of Lading

Mate Receipt

Combined transport document : ICDs have been set up

at various centers within the country for convenience of

exporters.The movement of goods from ICDs to the

destination is covered by the Combined transport

document.

Airway Bill or Air Consignment Note

The receipt issued by an airline company or its agent for

carriage of goods, is called airway bill (AWB) or airconsignment

note.

It is not a document of title and it is not issued in a negotiable

form.

The goods are delivered to the consignee mentioned in the AWB,

after identifying himself as the party named in the AWB as the

consignee / receiver, against payment of charges if any.

It is therefore desirable to cosign the goods in the name of the

foreign corresponding bank, as it will enable us to retain the

control of the goods, till payment is made/ documents are

accepted for payment.

Mates Receipt

Mates receipt is a receipt issued by the

commanding officer of the ship when the cargo is

loaded on the ship.This receipt is a prima facie

evidence that goods are loaded in the vessel.

Mates receipt is first handed over to the Port Trust

authorities & on receipt of port dues, the Port Trust

authorities, hand the mates receipt to the exporter

or his agent.

Mates Receipt (cont)

The mates receipt has to be handed over shipping

company for obtaining the Bill of Lading.

The mates receipt is a transferable document &

can be of two types

Clean mates Receipt : This signifies that the goods have

been received well in order, properly packed & without

any defect or damages

Qualified Mates receipt: This signifies goods have not

been packed properly or received damaged. In this case

the shipping company does not take any responsibility

for damage in transit.

Bill of Lading

Bill of Lading (B/L) is a document issued by the shipping company or

its agent acknowledging the receipt of goods on board the vessel, and

undertaking to deliver the goods in the like order and condition as

received, to the consignee or his order , provided the freight & other

charges as mentioned have been duly paid. It is also a document of

title to the goods & as such is freely transferable by endorsement &

delivery.

B/L serves three main purposes :

As a document of title to the goods

As a receipt from the shipping company

As a contract for the transportation of the goods.

Types Of Bill of Lading

Clean B/L B/L acknowledging receipt of goods apparently in good order &

condition & without any qualification is a clean B/L. Such B/L

does not contain any negative remark about condition of goods.

Claused B/L B/L with a remark such as goods insufficiently packed is known

as claused B/L.

Transshipment or

through B/L

For multimode transportation, or when another shipping

companys vessel is used, this B/L is issued.

Stale B/L A B/L held too long (normally more than 21 days)), before

negotiations, is termed stale B/L.

Freight paid B/L B/L issued when freight is paid at the time of shipment is a freight

paid B/L

Freight collect B/L B/L issued when freight is not paid at the time of shipment& is to

be collected from consignee is a freight collect B/L

Contents Of The Bill Of Lading

Name & logo of the Shipping Line

Name & address of the shipper

Name & number of vessel

Name of the port of lading, port of discharge & place of delivery

Marks & container number, container seal number

Packing & container description

Total number of packages & containers

Description of goods, gross weight, volume

Amount of freight paid or payable

Shipping Bill number & date

Signature & initials of the Chief Officer

Documents For

Customs Clearance Of Goods

The Shipping Bill is the main document required by customs

for clearance of goods for shipment.

Where the goods are to be cleared by Land Customs, Bill Of

Export is prepared instead of the Shipping Bill.

Bill Of Exports are also of four types

White for export of duty free goods

Green for export of goods under claim for duty drawback

Yellow for export of dutiable goods

Pink for export of duty free goods ex-bond.

Shipping Bill

Shipping Bill is an important document required by

the customs authorities for allowing shipment.

It is prepared by the exporter & it contains the name

of the vessel, name of port of discharge, country of

final destination, , exporters name & address,

details about packages, number & description of

goods, marks & numbers, quantity & details about

each case, FOB price, total number of packages

with the weight & value and the name & address of

the importer.

Shipping Bill (cont)

The shipping Bills are of following types:

Duty Free Shipping Bill : No duty or cess

applicable

Dutiable Shipping Bill : Goods subject to

export duty / cess

Drawback Shipping Bill :

Shipping Bill for shipment Ex-bond.: For goods

imported for re-export.

Documents Required For Processing Of

Shipping Bill:

The following documents are required for the processing of the Shipping

Bill:

GR forms (in duplicate) for shipment to all the countries.

4 copies of the packing list mentioning the contents, quantity, gross

and net weight of each package.

4 copies of invoices which contains all relevant particulars like

number of packages, quantity, unit rate, total f.o.b./ c.i.f. value, correct

& full description of goods etc.

Contract, L/C, Purchase Order of the overseas buyer.

AR4 (both original and duplicate) and invoice.

Inspection/ Examination Certificate.

Other Documents

Other documents as shown in the following

pages are also necessary and required to

carry out various formalities for shipment

& negotiation of documents and for meeting

the regulations in the importing country.

Aligned Documentation System

Aligned Documentation System is based on the

UN layout key.

Under this system, different forms used in the

international trade transactions are printed on

paper of the same size & in such a way that the

common items of information are given in the

same relative slots in the same piece of paper.

Aligned Documentation System (cont)

Commercial Documents

These are required for effecting physical transfer of goods &

their title from the exporter to the importer & the realization of

export proceeds. Out of the 16 commercial documents in the

export documentation, as many as 14, have been standardized

and aligned to one another. These are proforma invoice,

commercial invoice, packing list, shipping instructions,

intimation for inspection, certificate of inspection, insurance

declaration, certificate of insurance, mates receipt, B/L,

application & certificate of origin, shipment advice &

negotiation of documents.

Shipping order & bill of exchange could not be brought under

this system.

Aligned Documentation System (Cont)

Regulatory documents

Regulatory pre-shipment export documents are

prescribed by different government department &

bodies in order to comply with various rules &

regulations under the relevant laws governing

export trade such as export inspection, etc.

Out of the nine regulatory documents, four have

been standardized and aligned. These are Shipping

Bill, Exchange Control Declaration (GR Form),

port trust copy of the Shipping Bill for payment of

Port Charges.

Packing List

The exporter prepares the packing list to facilitate the buyer

to check the shipment. It contains the detailed description of

the goods, packed in each case, their gross & net weights

etc.

The packing list also contains all basic information about

the export order like name & address of the buyer & the

exporter, purchase order number & date etc.

The packing order is the basic document used in the

preparation of further documents like proforma invoice &

so on.

Proforma Invoice

The starting point of the export contract is in the

form of offer made by the exporter to the foreign

customer.

The offer made by the customer is in the form of

the Proforma Invoice.

It is a quotation given as a reply to an enquiry.

It normally forms the basis of all trade

transactions & enables importer to obtain import

license, if required.

Proforma Invoice (cont)

Contents of Proforma Invoice are generally the

following:

Name & addresses of exporter & importer

Mode of transportation, port of discharge, final destination

Buyers & seller's reference numbers / dates

Description of the goods, mode of packing, total number of

packages, expected total weight etc.

Origin of goods

Price offer on FOB & CIF Basis

Basic terms & conditions of sale.

Commercial Invoice

Commercial invoice is the basic export document & contains all

information required for making other documents.

It is prepared by the exporter after the execution of the export order

giving details about the goods shipped

It should be addressed to the consignee as per the letter of credit.

It is the basic evidence of the contract of sale or purchase &

therefore must be prepared strictly in accordance to the terms 7

conditions mutually agreed between the buyer & seller.

It should contain basic details as in the proforma invoice, the detailed

description of goods, as well as the final packing lists and the

markings on packages plus details of shipment of goods, name &

number of vessel/ voyage.

This document is used for various export formalities, incentive claims,

negotiation of documents , accounting etc.

Certificate Of Origin

The importers in several countries require a Certificate Of

Origin without which clearances to import is refused.

The certificate of origin states that the goods exported are

originally manufactured in the country whose name is

mentioned in the certificate.

Certificates of origin are required when:

Goods produced in a particular country are subject to preferential

tariff rates in the foreign market at the time of importation

The goods produced in a particular country are banned for import

in the foreign market.

Types Of Certificate Of Origin 1

(1) Certificate Of Origin for Availing Concessions under

GSP :

Required by countries like France,Germany, Italy, Benelux

countries,UK, Australia, Japan, USA etc., which extend GSP

benefits & are issued by specialized agencies like:

Export inspection agencies

Joint DGFT, Commodity Boards & their regional offices

Development Commissioner, Handicrafts

Textile Committee for textiles

Marine product export development authority for marine

products

Development Commissioner for EPZs

Types Of Certificate Of Origin (cont)

(2) Non-preferential Certificate Of Origin:

These are normally required for clearance of goods by all

importers & are issued by the Chamber of Commerce of the

exporting countries or by Trade Association of the importing

country.

(3) Certificate For availing concessions Under

Commonwealth Preferences:

This is also known as Combined Certificate Of origin &

value & is required by two commonwealth countries,

Canada & New Zealand for concessions under

Commonwealth preferences.

These have to be obtained from the High commission of the

country concerned.

Types Of Certificate Of Origin (cont)

(4) Certificate For Availing Concessions Under Other

System Of Preferences

Certificates of Origin are also required for tariff

concessions under the Global system Of Trade

Preferences (GSTP), Bangkok agreement (BA),

SAPTA,

Export Inspection Councils have the authority to

print blank Certificates of Origin & these are

issued by EPCs, DCs of EPZs, EIC, FIEO etc.

Consular Invoice

Consular Invoice is a document required mainly by the African &

certain other countries like Kenya, Uganda, Tanzania, Mauritius,

Australia, New Zealand Nigeria, Ghana etc.

The exporter is required to submit 3 copies of the Commercial invoice

& related documents for certification to the respective Embassy &

one copy is returned to him after certification.

Balance copies are sent by the Embassy to the customs department of

the importing country for verification upon arrival of goods &

calculation of the import duty payable.

The consular certified copy is negotiated by the exporter along with

other documents.

Customs Invoice

Countries like USA, Canada etc need customs invoice

It is generally made out on a special form presented by the

customs authorities of the importing country & helps for

allowing entry of goods in the importing country at

preferential tariff rates.

The invoice forms are generally available at the consular

office of the importing country and are required to be

signed and witnessed after duly filling the same.

Bill Of Exchange / Draft

A Bill Of Exchange also known as Draft contains an order from the

creditor to the debtor to pay a specified amount to a person

mentioned therein.

The maker of the Bill is known as Drawer & the person who is

directed to pay is called the Drawee

The person who is entitled to receive the amount is called Payee

A Bill Of Exchange is of two types: (i) Sight draft (immediate

payment) & (ii) Usance Draft ( Credit Usance 30 days or usance

60 days)

Unless & until the draft is retired, the negotiating collecting bank

does not hand over the shipping documents & the buyer can not

take delivery of goods.

Legalization & Attestation Of Documents

Documents issued in one country ('Source Country') which need to be

used in another country ('Destination Country') must be

'authenticated' or 'legalized' before they can be recognized as valid in

the foreign country. This is a process in which various seals are

placed on the document.

The number and type of authentication certificates depends on the

nature of the document and whether or not the foreign country is a

party to the multilateral treaty on "legalization" of documents.

"Embassy (Consular) Legalization" of official documents is a

procedure of confirmation of the validity of originals of official

documents or certification of authenticity of signatures of the officials,

authorized signatures on documents, and also the validity of prints of

stamps, seals by which the document is fastened.

III(b)

Terms Used In Shipping

(INCO Terms)

INCO Terms

Incoterms are internationally accepted commercial

terms, developed in 1936 by the International Chamber

of Commerce (ICC), in Paris.

Incoterms 2000 define the respective roles of the buyer

and seller, in the agreement of transportation and

other responsibilities and clarifies, when the ownership

of the merchandise takes place.

Incoterms are used in union with a sales agreement or

other methods of sales transactions and define the

responsibilities and obligations of both, the exporter

and importer, in Foreign Trade Transactions.

INCO Terms

Incoterms 2000, is mainly concerned with the

loading, transport, insurance and delivery

transactions.

Its main function is the distribution of goods and

regulation of transport charges.

Another significant role played by Incoterms is to

identify and define the place of transfer and the

transport risks involved.

Incoterms make international trade easier and

help traders in different countries to understand

one another & are most widely used international

contracts

INCO Terms- Objectives

Incoterms safeguard the following issues in the

Foreign Trade contract or International Trade

Contract:

To determine the critical point of the transfer of the

risks of the seller to the buyer, in the process of

forwarding of the goods (risks of loss, deterioration,

robbery of the goods).

To enable the person who supports these risks to

make arrangements in term of insurance & other

arrangements.

To specify who is going to subscribe the contract of

carriage; seller (exporter) or the buyer (importer).

INCO Terms- Objectives

To distribute between the seller and the buyer, the logistic and

administrative expenses, at the various stages of the process

It is important to define, who is responsible for packaging,

marking, operations of handling, loading and unloading,

inspection of the goods.

Need To confirm and fix respective obligations, for the

achievement of the formalities of exportation and importation,

the payment of the rights and taxes of importation, as well as

the sending of the documents.

There are 13 Incoterms, globally adopted by the International

Chamber of Commerce.

INCO Terms- Groups

Incoterms 1990 / 2000 - which defines all trade terms are divided

into four basic groups.

Group E comprise of Departure term. Where the seller makes the

goods available to the buyer at the seller's own premises,

(EXW) - Ex Works

Group F: Comprise of Shipment terms - Main carriage unpaid.

Where the seller is called on to deliver the goods to a carrier

named by the buyer, (FCA, FAS and FOB). These are shipment

contracts with the shipment point named, and carriage unpaid by

the seller.

FCA - Free Carrier

FAS - Free Alongside Ship

FOB - Free On Board

INCO Terms- Groups

Group C: Comprise of Shipment terms - Main carriage

paid. Where the seller has to contract for carriage, but

without assuming the risk of loss of or damage to the

goods or additional costs due to events occurring after

shipment and dispatch, (CFR, CIF, CPT and CIP).

These are shipment contracts, with the destination point

named, and carriage paid by the seller.

There are two critical division points, one for costs, the

other for risk.

Costs being assumed by the seller until the destination

point; risk being transferred to the buyer at the point of

shipment.

INCO Terms- Groups

In CIF & CIP terms, the seller arranges the

contract of carriage and payment of freight.

CFR - Cost and Freight

CIF - Cost, Insurance and Freight

CPT - Carriage Paid To

CIP - Carriage and Insurance Paid To

INCO Terms- Groups

Group D: Comprise Of Arrival Terms. Where the seller

has to bear all costs and risk needed to bring the goods

to the country of destination, (DAF, DES, DEQ, DDU

and DDP). These are arrival contracts.

DAF - Delivered At Frontier

DES - Delivered Ex Ship

DEQ - Delivered Ex Quay

DDU - Delivered Duty Unpaid

DDP - Delivered Duty Paid

Ex-Works Contract (EXW)

Title and risk pass to buyer, (including liability for

payment for all transportation and insurance costs)

from the seller's door.

Used for any mode of transportation.

Seller : In EXW shipment terms the Seller (Exporter)

provides the goods for collection by the Buyer

(Importer) on the sellers or exporter's premise.

Responsibility for the seller is to put the goods, in a

good package which is adaptable and disposable by

the transport.

Ex-Works Contract (EXW)

Buyer : The buyer or Importer, arranges

insurance for damage in transit goods & have to

bear all costs and risks involved in shipment

transactions.

(However, if the parties wish the seller to be

responsible for the loading of the goods on

departure and to bear the risks and all the costs of

such loading, this should be made clear by adding

explicit wording to this effect in the contract of

sale.

FCA -Free Carrier (. Named place)

"Free Carrier" means that the seller fulfils his obligation to

deliver when he has handed over the goods, cleared for export,

into the charge of the carrier named by the buyer at the named

place or point.

If no precise point is indicated by the buyer, the seller may

choose within the place or range stipulated where the carrier

shall take the goods into his charge.

When, according to commercial practice, the seller's assistance

is required in making the contract with the carrier (such as in

rail or air transport), the seller may act at the buyer's risk and

expense.

This term may be used for, any mode of transport, including

multimodal transport.

FCA -Free Carrier (. Named place)

"Carrier" means any person who, in a contract of carriage,

undertakes to perform or to procure the performance of carriage by

rail, road, sea, air, inland waterway or by a combination of such

modes.

If the buyer instructs the seller to deliver the cargo to a person, e.g.

a freight forwarder who is not a "carrier", the seller is deemed to

have fulfilled his obligation to deliver the goods when they are in

the custody of that person.

"Transport terminal", means a railway terminal, a freight station, a

container terminal or yard, a multi-purpose cargo terminal or any

similar receiving point.

"Container" includes any equipment used to unitize cargo, e.g. all

types of containers and/or flats, trailers etc and applies to all modes

of transport.

FAS - ( Free Alongside Ship) Contract

FAS- Free Alongside ship: Title and risk pass to buyer, including

payment of all transportation and insurance cost, once delivered

alongside ship by the seller.

Used for sea or inland waterway transportation. The export clearance

obligation rests with the seller.

In FAS price includes all costs incurred in delivering the goods

alongside the vessel, at the port or nominated place of the buyer, but

seller does not pay charges for loading on board of vessel, as well as

ocean freight charges and marine insurance.

Seller: The responsibility of the seller are fulfilled, when goods are

placed cleared along the ship.

Buyer: Buyer or Importer bears all expenses and risks of loss or

damage of transit goods, delivered along the ship.

Free On Board (FOB) Contract

FOB is one of the most frequently used price

quotation, in the international market.

Under this quotation, the exporter undertakes to pay

all expenditure till the loading of goods, on board

the ship, including documentation charges.

All expenditure thereafter, such as ocean freight,

marine insurance, unloading charges etc are borne

by the importer.

Free On Board (FOB) Contract (cont)

The sellers obligations are :

To provide goods & the commercial invoice , or its equivalent

electronic message, in conformity with the contract of sale.

To obtain any export license or other official authorization,

and carry out all customs formalities, necessary for

exportation of goods.

To deliver the goods on board of vessel, at the port of

shipment, on the date, or within the period, stipulated.

To give the buyer sufficient notice, that, the goods have been

delivered on board the vessel

To pay the costs of checking quality, measuring, weighing,

counting , packing and marking of the goods.

Free On Board (FOB) Contract ( Cont)

The buyers obligations in a FOB contract are:

To pay the price as provided, in the contract of sale

To obtain import license or other official authorization &

carry out all customs