FOREIGN TRADE PROCEDURES AND DOCUMENTATION

Foreign Trade Procedures and Documentation

  1. Understand Foreign Trade Basics – Learn the significance and types of international trade.
  1. Export-Import Regulations – Interpret Foreign Trade Policy (FTP), IEC, and key regulatory bodies (DGFT, CBIC, RBI, WTO).
  1. Trade Documentation – Identify and prepare essential documents (Bill of Lading, Letter of Credit, Shipping Bill, etc.).
  1. Payment & Risk Management – Compare payment methods (LC, Advance, Open Account) and role of ECGC.
  1. Logistics & INCOTERMS – Understand shipping procedures and key INCOTERMS (FOB, CIF, DDP, EXW).
  1. Export Incentives & Finance – Learn about duty drawbacks, MEIS, SEIS, and trade financing (EXIM Bank).
  1. Legal & Ethical Aspects – Understand FEMA, trade barriers, compliance, and fraud prevention.
  1. Practical Application – Process export/import orders and use digital trade platforms (ICEGATE, DGFT portals).
This equips students with practical skills for global trade operations. 🚢🌍
INSTRUCTIONS FOR MCQs

  • Total Number of Questions: 42
  • Section A: 30 Questions (0.5 Marks Each)
  • Section B: 9 Questions (1 Mark Each)
  • Section C: 3 Questions (2 Marks Each)
  • Each question has four options, only one of which is correct.
  • No negative marking for incorrect answers.
  • Read each question carefully before selecting the correct answer.
  • Use of unfair means will lead to disqualification.
  • Time Duration: As per exam schedule.