Attempt all the questions
Question1)
Explain general provisions regarding imports and exports.
Question2)
Explain the procedures of packing credit. What is the aim of extending packing credit to exporters?
Question3)
(a) “Clearing forwarding agent helps in efficient movement of goods”. Describe the statement.
(b) Differentiate Actual total loss and constructive total loss.
Question4)
Differentiate the following:
(a) FOB contract and C IF contract
(b) Consular invoice and customs invoice
(c) Revocable and irrevocable letter of credit
(d) Sight and Usance letter of credit
Question5)
Explain the following:
(a) FIEO
(b) Fiscal Incentives for export promotion
(c) Duty Remission Scheme
(d) ITPO