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ib_exim

ib_exim

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Published by: rsrao70 on May 30, 2010
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12/22/2010

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UNIT
 – 
IINTRODUCTIONPreview
As your ambition is to become an expert manager in International Business, youmust understand the details of export-import (Exim) financing anddocumentation. You are all aware, that business is impossible without finance,especially when it is international business, it involves huge amount of finance,including foreign exchange (frex). Let us now have an overview.In order to equip you, well in this field, the study material consists of thefollowing units.Unit I -
 
Introduction, dealing with export documentation foreignexchange regulation, ISO 9000 series, pre shipment inspection,export trade control and marine insurance.Unit II -
 
Export Procedures deals on export polices, procedures, credit(short term and long term) and guarantee.Unit III -
 
Import procedure including different types of licensing,passbook and related matters.Unit IV -
 
Export incentives provides you details on various types of incentives (duty as well as tax ) and the procedures anddocumentation required.Unit V -
 
Trading Houses, Various export promotion measures, setting upEOU/FTZ/EPZ/SEZ and the encouragement by providing thehonour of stars to export houses according to their performance.With this overview of the subject, let us discuss the salient features of the unit 1,which will be discussed in the form of the following lessons.Lesson 1.
Introduction
: To Exim financing theories of internationalTrade, scope and need of exim finance, finance function, andemerging challenges are discussed.
 
Lesson 2.
Export documentation
: The need for documentation, variousdocuments required for multifarious export activities arediscussed in detail wherever necessary to explain the contents of the documents speciation is also shows.Lesson 3.
Foreign Exchange Regulation:
In the present world of momentary economics, different countries use differentcurrencies, and foreign exchange becomes pivotal in internationaltransactions. Foreign exchange needs continuous andcomprehensive control, as otherwise there would be danger of economic crisis. Hence the aspects of forex regulations withspecial reference to the Foreign Exchange Regulation Act isstudied.Lesson 4.
ISO 9000 series and other internationally accepted quality
:Certificates. Export involves huge sums of money and if once theexported commodities are returned due to lack of quality, thename of the country will be spoiled, apart from incurring heavyloss, which could be detrimental to the business. Hence the needfor quality and its standardization how it in done and whocontrols it are elaborately discuss, so that when you become themanager you may take steps for such quality implementation.Lesson 5.
Quality control and preshipment inspection
: Following,International Standards as per norms is on aspect and using it forquality control and arranging for preshipment inspection to assurequality is another aspect. You would come to know what arequality control measures and how preshipment inspection ismade.Lesson 6.
Export Trade Control
: In a vast country like ours export tradecontrol is a mammoth task and its need and procedures areexplained so that you could adopt them.Lesson 7.
Marine Insurance:
Foreign Trade / Export and import aremostly carried through ships and the sea is source of high risk and dangers. Therefore, the need for marine insurance, theprocedures and modes of marine insurance are explained in thislesson.
 
COMMERCIAL PRACTICE:
 You would be learning the theoretical parts of the subject through the studymaterials but you should also know the details of commercial practices throughsome practical field visits to the nearly respective spots like the office of theclearing and forwarding agents, Port Trust office, Tax and excise department,foreign Trade Organizations, Bank offices dealing with forex marine Insurance
Agent‘s office Trading and Export houses various licensing, authorities, nearby
EOU / FTZ / EPZ / SEZ units etc. Visit is one aspect; There other modes of gaining practical knowledge. Among your group of students registered for thecourse, there may be students who are actually working in such exportconnected fields recognition / promotion / knowledge etc. You could identitysuch students (Employees) and have individual discussion, group discussion,clarification of certain points of view studied in the material.You can also take up case studies of certain aspects of nearby export centreoffice unit. If retired officers, employees from export units are available, youcan also have discussion and they can share their experience and discuss certainreel case studies which they have experienced. These activities would enhanceyour knowledge and develop profound understanding of international trade.
Lesson -1INTRODUCTION TO EXIM FINANCINGObjectives
 
To understand the concepts of Exim finance, its function and globalfinancial market.
 
To study the scope of Exim Finance.
 
To list out the needs of Exim Finance.
 
To analyse the Exim financial functions.
 
To examine the emerging challengers in global financial market.
Structure
1.1.
 
Preliminaries1.2.
 
Scope of Exim Finance

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