NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Custom Shipping and Insurance
Internal Assignment Applicable for June 2023 Examination

Assignment Marks: 30

Instructions:

 All Questions carry equal marks.

 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and
for question 3 in not more than 500 words for each subsection. Use relevant
examples, illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from
the source of reference.

 Students should write the assignment in their own words. Copying of assignments
from other students is not allowed

 Students should follow the following parameter for answering the assignment
questions

For Theoretical Answer For Numerical Answer

Assessment Parameter Weightage Assessment Parameter Weightage
Introduction 20% Understanding and usage 20%
Concepts and Application 60% of the formula
related to the question Procedure / Steps 60%
Conclusion 20% Correct Answer & 20%
Interpretation
 NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Custom Shipping and Insurance
Internal Assignment Applicable for June 2023 Examination

1. Your company imported one consignment on1st January 2022. The rate of duty of
goods imported is 15%. Your company has kept the goods in the bonded stores for
6 months and went to clear the same in July 2022. At this time the rate of duty has
increased to 20%. Your company insists on paying 15% duty which was prevailing
at time of import and sought your advice on this. Please give the right advice to
your company based on The Customs Act 1962. (10 Marks)

2. Your company has imported one aluminium product from China after checking the
rate of duty which was 20%. At the time of clearance customs has added anti-
dumping duty 75% on your product. Your company got confused and asked your
opinion whether this is correct. Kindly guide your company on anti-dumping duty.
(10 Marks)

3. You have joined a company as an Import Export Manager. The company is new
and they seek your advice on the following:

a. What is first check of import clearance? (5 Marks)

b. What is second check of import clearance? (5 Marks)

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