Export Import
June 2020 assignments
1. You are working in Procurement dept of a trading
organization who distributes medical equipment. Your company wants to procure
surgical equipment from domestic market. You observe, with your experience that
imported product will be cheaper with better quality, and recommend the same in
a procurement meeting. Management advises you to give a justification for your
recommendation. Will you please highlight the reasons for international trade
and why it is better to import. Based on your write up management will take a
decision.
Answer:
Imports form a vital component in the growth of a country be it a developed or
developing country. For developed countries, import of technology, raw
materials and capital goods is required for sustaining the optimum level of
production. This assists the developed countries to meet the demand
requirements of their consumers to sustain a high standard of living. On the
other
2. The present Government has merged two documents into one
for importing goods into India so as to reduce the number of documents. Browse
the internet and inform what are these two documents merged into one document
and enlist the details of information that have to be incorporated in the
merged document.
Answer:
The main objectives of having
documents in trade are:
1. To affect physical transfer of
goods from the exporter’s place to the importer’s place.
2. To transfer, property and title
of goods from the exporter to the importer and
3. For realization of export
proceeds from the exporter to the importer.
An
3. You are negotiating with an international buyer to export
your company products and the international buyer has agreed to place orders.
However, your Finance dept does not want to give any credit to the importer as
you do not know them personally. You have to suggest a safest mode of payment
to the importer so that your company is comfortable with the transaction.
a. What are the different type of payment terms prevailing
in the international market today?
b. What is your option of payment term for this transaction
and why?
Answer:
a) Having realized that Indian exporters have to be supported by appropriate
financing options so as to provide them a level playing field in international
markets; the Government of India has decided that export finance shall be
available at both stages—pre and post shipment stages of international trade
transactions.
Type of payment terms prevailing in the international market
Payment
in Advance: Payments in advance, alternatively
known as cash in advance is the safest and most secure mode of realization of
export proceeds for an exporter as he will receive the payment before the goods
are shipped to the country of the importer. By using this method of Its
half solved sample only
NMIMS Fully solved assignment available for session
JUNE 2020,
your last date is 15 june 2020.
Lowest
price guarantee with quality. On our website
www.aapkieducation.com
Charges INR 199 only per assignment. For
more information you can get via mail or Whats app also
After
mail, we will reply you instant or maximum
1 hour.
Otherwise
you can also contact on our
whatsapp no 8791490301.
Contact no
is +91 87-55555-879.
No comments:
Post a Comment