INDIAN INSTITUTE OF MATERIALS MANAGEMENT
Post Graduate Diploma in Materials Management
Graduate Diploma in Materials Management
PAPER No. 7
INTERNATIONAL TRADE
Date: 13.12.2016 Max. Marks: 100
Time: 10.00 a.m. to 1.00 p.m. Duration: 3 Hrs.
Instructions:
1. From Part A answer all questions (compulsory). Each sub questions carries 1 mark. Total: 32 Marks
2. From Part B Answer any 3 questions out of 5 questions. Each sub-question carries 16 marks. Total 48 Marks
3. Part C is a case study (compulsory) with questions. Read the case study carefully and answer the questions. Total: 20 Marks
4. Please read the instructions given in the answer sheet.
Part A 32 Marks
(Attempt all questions Each sub questions carries 1 mark.)
Q.1. Select appropriate answer
1. Antidumping is a type of
export duty custom duty excise duty service tax
2. FIEO is
Export promotion organization import restriction
import of weapons trade dispute organization
3. L/C is opened by
importer clearing agent RBI federation of trade
4. Special Additional Duty is
cenvatable safeguard duty non cenvatable type of service tax
5. Rent of container is
a type of duty freight demmurage cost of item
6. ECGC is
negotiable document non negotiable document
freight receipt a type of insurance
7. Swachh Bharat Cess is
value added on export value added on import
type of service tax cenvatable
8. Following is a type of trade block
BRIC advance authorization anti dumping duty CESS on CVD
Dec 2016
Q. 2 Give Full Forms (Any Eight)
FOB DDU CAD SCN
S/B OR SB FIEO DES IGM
SCOMET CIP
Q. 3 Mention True Or False
1. B/E is filled in the name of clearing agent
2. Anti dumping duty once imposed is for ever
3. Import policy is published by commerce minister
4. Supplies to SEZ is domestic sale
5. 25% duty is leviable on import against advance license
6. Economic order quantity is not tool of inventory control
7. WTO is trade organization in India
8. Customs/ central excise are indirect taxes
Q.4. Match the following
Column A Column B
Sr.
N O.
Sr. No.
1
SCOMET
a.
Type of protection to domestic manufacturer
2
RCMC
b.
Value added tax
3
Safe Guard Duty
c.
Non negotiable acknowledgement of transport
4
Air Way Bill
d.
Order passed by customs/c.ex
5
OIO
e.
Items restricted for export
6
CENVAT
f.
Export oriented unit
7
EOU
g.
Fresh levy on service tax
8
Swachh Bharat Cess
h.
Export promotion council
PART-B
Write any three of the following questions 16 marks each (48 Marks)
Q.5 Discuss Special Economic Zone Scheme As An Effective Export Promotion
Measure
Q. 6 Role Of IMF (International Monetory Fund)
Q. 7 Discuss EPCG Scheme And Its Importance To Enhance The Exports.
Q. 8 Discuss Anti Dumping Measures
Q. 9 Short Notes Any Four
CENVAT
Export Of SCOMET Items
Documents Of Import Clearance
Types Of Payment Terms -List Out Discuss Any Three
High Seas Purchase
Trade Deficit
PART- C 20 marks
(Compulsory)
Q 10. Read the case study carefully and answer the 5 question given at the end.
ABC Co. has imported 30 m.t material for us 30000.00 CIF cost( 10000/10 mt) . He has to clear 20 m.t advance license and balance 10 m.t without licence.
decimal can be rounded off)
Questions:
Total cost of duty paid material 10 M.T( CIF+ DUTY)
Total cost of material cleared under advance Licence( CIF+ DUTY)
Amount of duty (with break up) eligible for CENVAT
Amount of duty not eligible for CENVAT
Amount of duty paid for 20 M.T materials
Use following data
Duty rate: 5 basic duty 12.5 CVD SAD.
CVD is on CIF +basic duty)
SAD is on CIF+ basic duty
Exchange rate Rs.68.00