Export and Import Management

Export and Import Management

↘ Export Import Management- Paper 1st
↘ International Trade- Paper 2nd

Curriculum of Export Import Management – Paper 1st            (IIBM-E1037)                                                         
S.No. Topics
1 Export-Import Trade:- Introduction to Regulatory Framework: -Trade Policy, Foreign Trade, Simplification in Documentation, Reduction of Documents to five for custom Purposes.
2 Export Preliminaries:-Establishing a Business Firm.
3 Documentation Framework: – Aligned Documentation System: – Aligned Documentation System(ADS), Commercial Documents, Regulatory Documents, Documents related to Goods, Documents related to Shipment, Significance of Bill of Lading, Documents Related to Payment, Documents relating to Inspection, Documents related to Excisable Goods, Documents Related to Foreign Exchange Regulations.
4 International Business Contracts:-Incoterms 2000, Passing of title of goods to the Importer, Elements in Export Contracts, Legal Dimensions, Disputes Settlement, How to resolve and settle Disputes.
5 Terms of Payment:-Introduction, Factors Determine Terms of Payment, Methods of receiving Payment.
6 Instruments of Payment and Methods of Financing Exports:- Instrument of Payment, Pre-Shipment Finance, Post Shipment Finance.
7 Uniform Customs and Practice for Documentary Credits:-Salient Provisions of UCP.
8 Business Risk Coverage:-Types of Risks in International Trade, Types of Cover Issued by ECGC, Transferring Risk to Third Parties.
9 Cargo Insurance:-Need for Cargo Insurance, Meaning of Cargo Insurance, When and Why to Insure, How to Insure, Scope of Cargo Insurance Policy, Types of Marine Insurance Policies, Risks not Covered by Marine Insurance, Kind of Losses.
10 Foreign Exchange Regulations and Formalities:-Exchange Control, FERA; FEMA and Exchange Control Regulations, Main Provisions of FEMA.
11 Quality Control and Preshipment Inspection:-Definition and Meaning of Quality Control, Mechanism for Enforcement of Quality, Objectives of Quality Control, Methods of Quality Control and Pre-shipment Inspection, Procedure for Pre-Shipment Inspection.
12 Role of Clearing and Forwarding Agents:-Role of Clearing and Forwarding Agents, Essential Services, Optional Services, Fixation of Fees.
13 Clearance of Cargo:-Central Excise Clearance Procedure, Central Excise Clearance Options.
14 Shipment of Export Cargo:-Procedure for Shipment of Export Cargo.
15 Customs Clearance of Export Cargo:-Objectives of Customs Control, Exchange Control Declaration Form, Customs Clearance of Export Shipment, Indian Customs Electronic Data Interchange System(ICES), Computerised Customs Clearance Procedure-Shipment by SEA, Comparison of Computerised Customs Clearance vs Manual Clearance, Background Note on a Common Business Identification Number.
16 Customs Clearance of Import Cargo:-Types of Import, Retirement of Documents for Imports, Procedure for Customs Clearance, Indian Customs Electronic Data Interchange System for clearance of Imports.
17 Negotiation of Documents with Banks:-Documents Required under Letter of Credit, When Documents Can be Negotiated, Precautions in Scrutiny of Documents, Exchange Control Guidelines, Practical Mechanism of Documentary Letter of Credit, Flow of Documents and Funds, Common Errors in Documents-Guidelines to Exporters.
18 Procedures and Documentation for Availing Export Incentives:-Types of Incentives, Documentation and Procedure for Claiming Incentives, Excise Duty-Refund/Exemption, Import Licensing, Sales Tax Exemption, Income Tax Exemption, Claim for rail Freight rebate, Claim For Air Freight Assistance.
19 Processing of an Export Order:-Introduction, Different Stages-Processing Export Order, Getting Export Order, Pre-shipment, Shipment, Post –shipment, Presentation of Documents for Negotiation, Export Incentives.
20 World Shipping:-Distribution Logistics, Nature of Export Cargo, Modes of Transport, Structure of Shipping, Types of Ships.
21 Indian Shipping:-Present status of Indian Shipping, Major Problems, Concerns and Challenges Before Indian Shipping Industry, Recent Trends of Indian Shipping, Fresh Challenges and Opportunities Ahead.
22 Containerisation:-Dry Port, Multi Modal Transport Document, Containerisation, Procedure for Export/Import Through ICD, Procedure For Excise And Customs Clearances in Respect of Containers, Types of Containers, Precautions to be Taken While Using Containers, Advantages of Using Containers, Advent of Containerisation in India.
23 Machinery for Consultation:-Introduction, Government Policy Making And Consultations, Institutional Framework.
24 Air Transport:-Importance of Air Transport, Factors that Influence Selection in Favour of Air Transport, Factors that Increased Air Transport, Airway Bill, Liability of Airlines.
25 International Set-up:-International Air Transport Association, Role of IATA, Can IATA solve Individual’s Problems.


Curriculum of International Trade – Paper 2nd (IIBM- E1038)                                                   
S.No. Topics
1 International TradeAn Introduction:- Meaning of International Trade, Definitions of International Trade, Components of International Trade, International Trade and Internal Trade: A Comparative Study, Significance of International Trade, The Necessity of International Trade, Advantage of International Trade, Disadvantage of International Trade, Problems of International Trade, Measures to Overcome Problems of International Trade.
2 Theories of International Trade:- Introduction, Basis of International Trade, Comparative Cost Theory, Elaboration and Refinement of the Classical Theory, Opportunity Cost Theory, Factor Endowment Theory, Heckscher-Ohlin Theorem (Modern Theory), Factor Price Equalisation Theorem, Critical Evaluation of Modern Theory, Shortcomings or Criticism of Modern Theory.
3 Gains from International Trade:- Major Gains from International Trade, Determinants of Gains from International Trade, Measurement of Gains from International Trade.
4 Foreign Exchange:- Meaning & Importance of Foreign Exchange, Meaning and Definitions of Foreign Exchange Rate, Types of Foreign Exchange Rates, Flexible or Floating Foreign Exchange, Advantages or Arguments in favour of Flexible or Floating Rate, Disadvantages or Arguments Against Flexible Rates, Foreign Exchange Rates, Automatic Adjustment of Rate of Exchange, Meaning of Purchasing Power Parity, Factors of Fluctuations in Exchange Rates, Difference Between Purchasing Power Parity and Classical Theory, Proofs of Validity of Purchasing Power Parity, The Purchasing Power Parity Vs. Mint Par, Rate of Exchange, Equilibrium Rate of Exchange, Functions of Foreign Exchanges Market, Foreign Exchanges Rates, Methods of Control.
5 Foreign Exchange Control:- Meaning of Exchange Control, Characteristics of Exchange Control, Objectives/ Importance of Exchange Control, Problems/ Evils/ Disadvantage/ Demerits of Exchange Control, Methods of Exchange Control, Exchange Rate Systems, Exchange Rate Classifications, Convertibility of the Rupee, Difference Between Spot and Forward Exchange Rates.
6 India’s Foreign TradeAt a Glance: – Introduction, Trends in India’s Foreign Trade, Trends in India’s Imports, More Imports from West Europe, Direction of India’s Foreign Trade.
7 EXIM Policy of India:- New EXIM Policy of India, EXIM Policy: 2002-07: Highlights, Main Provision of EXIM Policy: 2002-07, Modifications In The New EXIM Policy, Foreign Trade Policy 2006-08, Foreign Trade Policy:2007-09, Foreign Trade Policy:2009-10.
8 Export Promotion:- Introduction, Export Production, Export Finance and Credit, Export Incentives and Assistance, Export Promotion Measures, Critical Evaluation of the Measures of Export Promotion.
9 Balance of Payments and Balance of Trade:- Meaning and Definitions of Balance of Payments, Characteristics of Balance of Payments, Computation of Balance of Payments, Components/ Structure/ Items of BOP, Significance of Balance of Payments, Limitations of Balance of Payments, Causes of Unfavourable Balance of Payments, Meaning and Definitions of Balance of Trade, Effects of Favourable Balance of Trade, Effects of Unfavourable Balance of Trade, Measures to Correct Adverse Balance of Payments, Forms of Kinds of Balance of Trade, Equilibrium in the Balance of Payments, Disequilibrium in Balance of Payments, Types of Disequilibrium, Causes of Disequilibrium, Correction of Balance of Payment Disequilibrium, Methods of Correcting Disequilibrium (Adverse) in BOP, Effects of Balance of Payments.
10 International Liquidity:- Meaning of Liquidity, Meaning of Liquidity Preference, Meaning of Liquidity Ratio, Meaning and Definitions of International Liquidity, Sources or Components of International Liquidity, Problem of International Liquidity: Inadequacy, Reforms and Plans to Boost International Liquidity, Contents of International Liquidity, Causes of the Problem of International Liquidity, International Liquidity and Role of IMF, Special Drawings Rights (SDRs), Features or Characteristics of Special Drawing Rights, A Critical Evaluation of Special Drawing Rights, Demerits of Special Drawings Rights.
11 International Monetary Fund (IMF):- An Introduction, Objectives of the IMF, Organization and Structure, Functions of the IMF, Reforms of IMF, Achievements of IMF, Short-Comings or Limitations of the IMF.
12 The World Trade Organization (WTO):– Origin of WTO, Features of the WTO, Objectives of the WTO, Functions of the WTO, WTO Agreements, Basic Principles of GATS, Recommendations of WTO, India and Doha.
13 Documentation in International Trade:- Introduction, Main Documents used in Export Transactions, Letter of Credit, Types of Letter of Credit, Procedures for Opening Letter of Credit, Advantages of Letter of Credit.

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