IGNOU SOLVED ASSIGNMENTS: IBO - 04

Master of Commerce  (M.Com)

TUTOR MARKED ASSIGNMENT (ASSIGNMENTS − 2013-14)

Course Code : IBO – 04

Course Title : Export Import Procedures and Documentation

Assignment Code : IBO – 04/TMA/2013-14

Coverage : All Blocks

Maximum Marks: 100

Dear Students,

As explained in the Programme Guide, you have to do one Tutor Marked Assignment for each course.  We are sending the assignments of all the six courses together in this booklet.  Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-End Examination, it is compulsory for you to submit the assignments as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide.

These assignments are valid for two admission cycles (July 2013 and January 2014). The validity is given below:

1. Those who are enrolled in July 2013, it is valid upto June 2014.

2. Those who are enrolled in January 2014, it is valid upto December 2014.

In case you are planning to appear in June Term-End Examination, you must submit the assignments to the Coordinator of your Study Centre latest by 15th March and if you are planning to appear in December Term-End Examination, you must submit them latest by 15th September.  Note: In case you receive the study material and assignments late, you can submit the  assignment responses within one month after receiving the study material.

Attempt all the questions

1. Describe the general provisions regarding imports and exports. (20)

2. Discuss the procedures of packing credit. What is the purpose of extending packing credit to exporters? (20)

3. (a) “Clearing the forwarding agent helps in efficient movement of goods”. Comment  upon the statement.

(b) Differentiate between Actual total loss and constructive total loss. (10+10)

4. Differentiate between the following:

(a) FOB contract and CIF contract

(b) Consular invoice and customs invoice

(c) Revocable and irrevocable letter of credit

(d) Sight and Usance letter of credit (4x5)

5. Write short notes on the following:

(a) FIEO

(b) Fiscal Incentives for export promotion

(c) Duty Remission Scheme

(d) ITPO (4x5)