Attempt all the problems
describe general provisions regarding imports and exports.
describe the procedures of packing credit. What is the aim of extending packing credit to exporters?
(a) “Clearing forwarding agent helps in efficient movement of goods”. Describe the statement.
(b) Differentiate Actual total loss and constructive total loss.
Differentiate the following:
(a) FOB contract and C IF contract
(b) Consular invoice and customs invoice
(c) Revocable and irrevocable letter of credit
(d) Sight and Usance letter of credit
describe the following:
(b) Fiscal Incentives for export promotion
(c) Duty Remission Scheme