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Custom Shipping and
Insurance
1.
You have joined a company as an Imports Executive (Operations) in Mumbai. You
have been sent to the sea port to do the customs clearance of an imported
consignment. The consignment is on CIF basis. What would be your sequence of
operations to clear this.
2.
Your company proposes to import one Live Horse. You have been asked to check
the foreign trade policy for its importability and the customs duty. You need
to give the following details to the management:
a.
Which chapter this Live Horse is classified in the customs?
b.
Is it freely importable? If not what is the category of this import and how to
import?
c.
What is the rate of customs duty only.
3.
One consignment in a 20 feet container was imported to Mumbai in July in FOB
terms. The freight and insurance is to be borne by your company. After customs
clearance, your customs broker transferred the consignment from the container
to a truck to transfer to your factory. The entire consignment got wet in
transit due to heavy rain.
a.
How will you claim the insurance for this damage and what type of insurance
policy will cover this type of damages?
b.
What precautions should have been taken to avoid such damages?
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Export Import
Procedures and Documentation
1.
You are working as an export clearance officer in an organization. You are
advised to do export clearance of one consignment of 20’container to Germany.
Your company has a contract with one CFS for export. This is Ex works and there
is no need for inspection certificate, certificate of origin, etc. It is a
simple export. How will you handle this independently? Give step by step
process of your operation.
2.
Your company imported one consignment on FOB origin basis. Your customs broker
is asking for freight certificate and insurance certificate to calculate the
CIF value. You do not have both and want to clear this urgently. How will you
arrive at the CIF value? Will there be any loss of duty in this method?
3.
You observe that your customs broker is not giving good services due to which
your company is facing losses. You have been asked to select a good and
reliable customs broker urgently.
a.
How will you process selection of customs broker?
b.
What are the criteria to select a customs broker?
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India’s Foreign Trade
Q1)
What does foreign trade refer to and why is it important for any country to
participate in foreign trade. State which guiding factor and reform measures
can the Government of India leverage to further boost the international trade
prospects of India’s agriculture sector.
Q2)
Essence of international trade lies in comparative difference rather than
absolute difference in cost. State the rationale, assumptions, limitations and
advantages of this doctrine in International Business. How does this lead towards
international specialization?
Q3)
Explain the three rules for any organization to decide on its choice of entry
strategy in International markets.
a.
An International food company wishes to enter India to start their operations.
b.
Suggest the choice of entry strategy and which of the three rules they should
follow.
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International Business
1.
What do you understand by business ethics in International business. How can a
firm maintain a balance and display international business ethics practices of
highest order without compromising on profit maximization.
2.
Can you classify Dell Vostro1740 laptop as a global product? What is the
concept of a global product? What are the different product strategies
organizations can use and which strategy would you choose, say as marketing in
charge at Dell.
3.
A) Can a firm trade in every and all types of goods, products and services in
international markets? Explain the concept of Export Restrictions. What is the
difference between prohibited goods and restricted goods.
3.
B) What are the common export/import documents required for those goods,
products and services which are freely tradable. Why are these documents
required in the first place? What are four ways to obtain export license?
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International Marketing
1.
Enlist key reasons why you feel that some domestically well established Indian
companies have gone International. Explain the complexity of International
Management with reference to strategic disposition of any firm of your choice.
2.
Describe the Concept Orientation options for international markets. Can
international firms be segmented on this basis. Which option would you choose
for MNC firm and Global firm and why.
3.
It is said that the importance of International marketing today is shaped by
the dynamic interplay of several driving and restraining forces.
a.
Identify and justify driving forces.
b.
Identify and justify the restraining forces, stating your comments and making
your suggesting for each.
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Operations Management
1.
What is the need of a good facility layout planning? Select any automotive
company of your choice, and do a detailed study of its facility layout.
2.
Discuss the transportation methods for solving physical distribution and
transportation problems. Solve the following Transportation Problem and find
the total transportation Cost.
|
Plants /Warehouses
|
W1
|
W2
|
W3
|
Supply
|
|
P1
|
33
|
26
|
24
|
550
|
|
P2
|
21
|
28
|
31
|
350
|
|
P3
|
25
|
24
|
29
|
600
|
|
Demand
|
400
|
600
|
500
|
|
3.
In October 2005, Walmart announced plans to transform itself into one of the
greenest corporations in the world. Then-CEO Lee Scott called sustainability
“essential to our future success as a retailer.” The company has been
especially vocal about shrinking its environmental footprint in China, its
manufacturing hub.
(Source: Andy Kroll, Are Walmart’s
Chinese Factories as Bad as Apple’s? Mother Jones, March/April2012 issue)
a.
Discuss the major environmental aspects of production and its impact
b.
What is environment protection act and how is it related to sustainability.
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