Related InterviewSolutions

• In case of sight draft, the documents are delivered to the importer against his/ her acceptance of the bill of exchange.True/False? Given reason.
• In India, all foreign exchange transactions are regulated by the Central government.True/False? Given reason.
• Which of the following documents is notrequired for obtaining export license ?A. IEC numberB. Letter of creditC. Registration-cum-membershipD. Bank account number certificate
• Which one of the following is not a document related to fulfil the customs formalities?A. Shipping billB. Export licenceC. Letter of insuranceD. Performa invoice
• Name any one method of sending an enquiry to different exporters for quotations by an importing firm.
• Differentiate between the following: (i) Sight and usance drafts (ii) Bill of lading and airway bill (iii) Pre-shipment and post -shipment finance
• Why is advanced planning for financing imports necessary?
• Why should the indent be carefully dradfbed?
• What information does performa invoice contain?
• It is an instruction to the captain of the ship that the specified goods after custom clearance at a designated port be received on board. Name it.