Download - 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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionIdentify the Close ended question type :-
Correct AnswerScales
Your AnswerScales
Multiple Choice Single Answer
QuestionScale Intervals can be used for
Correct AnswerAge
Your AnswerAge
Match The Following
Question
Correct Answer
Your Answer
Executive Report
Report for decision maker
Report for decision maker
Pictographs
Graphical depiction
Graphical depiction
Histograph
Vertical bar chart
Vertical bar chart
Report for publication
Report for general public
Report for general public
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
QuestionWhat are the various subparts of research objectives?
Correct AnswerResearch Questions , Hypothesis Development , Research Boundaries
Your AnswerHypothesis Development , Research Boundaries , Timeframe
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
QuestionThe types of report are
Correct AnswerTechnical report , Publication Report , Executive Report
Your AnswerTechnical report , Publication Report , Executive Report
Multiple Choice Multiple Answer
QuestionBarometric methods of sales forecasting are :-
Correct AnswerHistorical analogy , Product like cycle concept , Survey methods
Your AnswerHistorical analogy , Product like cycle concept , Survey methods
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionThe preference of Sunsilk Shampoo to Clinic Plus shampoo can be judged with :-
Correct AnswerOrdinal Scale
Your AnswerOrdinal Scale
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionIn Market Research, Research Director must oversees :-
Correct AnswerExecution of research at each stage
Your AnswerExecution of research at each stage
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionIdentify the Close ended question type :-
Correct AnswerScales
Your AnswerScales
Multiple Choice Single Answer
QuestionScale Intervals can be used for
Correct AnswerAge
Your AnswerAge
Match The Following
Question
Correct Answer
Your Answer
Executive Report
Report for decision maker
Report for decision maker
Pictographs
Graphical depiction
Graphical depiction
Histograph
Vertical bar chart
Vertical bar chart
Report for publication
Report for general public
Report for general public
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
QuestionWhat are the various subparts of research objectives?
Correct AnswerResearch Questions , Hypothesis Development , Research Boundaries
Your AnswerHypothesis Development , Research Boundaries , Timeframe
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
QuestionThe types of report are
Correct AnswerTechnical report , Publication Report , Executive Report
Your AnswerTechnical report , Publication Report , Executive Report
Multiple Choice Multiple Answer
QuestionBarometric methods of sales forecasting are :-
Correct AnswerHistorical analogy , Product like cycle concept , Survey methods
Your AnswerHistorical analogy , Product like cycle concept , Survey methods
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionThe preference of Sunsilk Shampoo to Clinic Plus shampoo can be judged with :-
Correct AnswerOrdinal Scale
Your AnswerOrdinal Scale
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionIn Market Research, Research Director must oversees :-
Correct AnswerExecution of research at each stage
Your AnswerExecution of research at each stage
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Export Promotion Capital Goods
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
QuestionAuthorised Air Ports for export consignments are :-
Correct AnswerCoimbatore , Srinagar , Varanasi
Your AnswerCoimbatore , Srinagar , Varanasi
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
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
Multiple Choice Single Answer
QuestionEntitled LCS for export consignments are :-
Correct AnswerRaxaul
Your AnswerRaxaul
Multiple Choice Single Answer
QuestionFTWZ is entitled for :-
Correct AnswerFree Foreign Exchange Transactions
Your AnswerFree Foreign Exchange Transactions
Multiple Choice Multiple Answer
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)
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
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
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionExport Promotion Zones were created in order to :-
Correct AnswerSupport Manufacturing Sector
Your AnswerSupport Manufacturing Sector
Multiple Choice Multiple Answer
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
Multiple Choice Single Answer
QuestionSpecial Agricultural Produce Scheme' was devised to promote
Correct AnswerExport of Fruits, Vegetables and flowers
Your AnswerExport of Fruits, Vegetables and flowers
Multiple Choice Single Answer
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
Multiple Choice Single Answer
QuestionAdverse factor which is hampering exports is :
Correct AnswerLack of value added processing
Your AnswerLack of value added processing
Multiple Choice Multiple Answer
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
Export Promotion Capital Goods
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