Electives

Unit 1

Introduction to Export Business

Introduction about Export Business – India’s Foreign Trade – Global Environment for Exports – Basic Principles of Export Business – Definition of Export and Import – Understanding an Export Transaction – International Trade agreements – Preliminaries for starting Export Import Business.

Unit 2

Export Finance

Pre shipment and Post shipment Finance – Export Finance in Foreign Currency – Scrutiny of Export Letter of Credit and Negotiation of documents under LC – Discrepant documents – Export Credit and

Guarantee Corporation (ECGC) – Deferred payment – Exports Suppliers Credit / Buyers Credit –

Project exports – EXIM Bank – its role and functions – Factoring and forfeiting.

Unit 3

p>Export Procedures

Complete export documents and incentives to Exporters including principal, auxiliary and regulatory documents – Importance of various export documents – Export Documents and GST – Customs Clearance of Cargo Meant for Exports – Online procedure for filing shipping bill and export declaration – Role of customs house agents.

Unit 4

Problems and Challenges faced by Exporters

Complicated Documentation – Government Restrictions – Subsidies Imposed by First-World Countries not being well-versed in Negotiations & Languages – Packaging and Products Standards – exchange rates and risk management.

Unit 5

Regulatory Framework in Export Business

Introduction to FEMA – Authorized Dealers – Current account and Capital account Transactions – Rupee convertibility on Current/ Capital account – FEMA provisions regarding Exports – EEFC and Diamond Dollar Accounts – Foreign Currency accounts for Residents and Non-residents.

Course Objective:

To provide the students an opportunity to relate the concepts to real-life export businesses and acquire the knowledge to become successful exporters.

Course Outcomes:

The student will be able:

CO1: To understand the concept and process of export business and International Trade agreements.

CO2: To know the export Procedures and financial implications.

CO3: To understand the documentations needed for Export.

CO4: To understand different government restrictions pertaining to export and risk management.

CO5: To understand the different regulatory frameworks of Export Business.

References:

• Justin Paul, Rajiv Aserkar – Export Import Management – Oxford University Press
• Francis Cherunilam – International Business – Himalaya Publishing House