Adapted to Indian International Trade
What you will learn
Participants enrolled in our course will learn the procedures and documentation required for exporting and importing goods.
They will gain a deep understanding of export and import policies, including objectives, controls, and regulations.
Participants will comprehend the role of export promotion organizations, such as export promotion councils, and their key functions.
They will be able to differentiate between incoterms and understand their significance in international trade.
Participants will understand different payment methods, such as letters of credit, and their use in the export-import process.
They will learn to navigate trade barriers such as customs duties, quantitative and qualitative restrictions, and trade protection measures.
Participants will grasp the key principles of documentation required in international trade, such as bills of lading, certificates of origin, and commercial inv
Participants will also learn concepts related to special economic zones (SEZs) and the advantages they offer to businesses involved in international trade.
They will develop a comprehensive understanding of international business practices and regulations related to exports and imports.
Description
The assessment is focused on Export Import Procedures & Documentation. It consists of six exercises, each containing multiple-choice questions related to various aspects of export and import processes, as well as relevant documentation. The exercises cover topics such as market development assistance, export promotion councils, EXIM policy, import-export departments in India, incoterms, letters of credit, trade barriers, customs duties, foreign trade agreements, and more.
Exercise 1: This exercise includes questions about market development assistance, the functions of export promotion councils, EXIM policy, control measures, import-export department heads in India, and the first EXIM policy definition.
Exercise 2: The questions in this exercise cover the purpose of various documents such as bills of lading, certificates of origin, incoterms, proforma invoices, letters of credit, trade barriers, and harmonized system codes.
Exercise 3: In this exercise, you will find questions related to customs duties, the apex body of foreign trade, bill of lading issuers, CCIE definition, foreign exchange regulation acts, import objectives, and trade balance.
Exercise 4: The questions in this exercise focus on payment methods in cash in advance and documentary collections, documents used in documentary collections, incoterms, certificates of origin, freight forwarders’ roles, and trade barriers.
Exercise 5: This exercise covers topics such as customs duty paid for import of capital goods, the apex body of foreign trade, bill of lading issuers, CCIE definition, foreign exchange regulation acts, import objectives, trade balance, incoterms, and certificates of origin.
Exercise 6: The final exercise includes questions on various topics such as the purpose of a bill of lading in export-import procedures, the role of customs, the significance of incoterms in international trade, certificates of origin, freight forwarders’ roles, and trade barriers.
The assessment aims to test your knowledge and understanding of export-import procedures and documentation. By answering the multiple-choice questions correctly, you can demonstrate your proficiency in these areas. It is important to review the relevant concepts and information before attempting the assessment to ensure accurate and informed responses.
Note: The above description provides an overview of the assessment content but does not include the actual questions. Please refer to the individual exercises for the complete set of questions.
Content
- Course Caption: Adapted to Indian International Trade
- Course Overview
- This program trains you to be an expert in export-import, specifically for Indian international commerce.
- Gain a holistic understanding of the entire EXIM lifecycle, from market strategy to successful delivery and payment.
- Master legal, logistical, and financial aspects crucial for seamless cross-border transactions.
- Emphasis is on practical, hands-on application directly relevant to India’s global trade landscape.
- Become an invaluable asset in the global supply chain, equipped for trade challenges.
- Requirements / Prerequisites
- A strong interest in global trade and its operational mechanics is essential.
- Basic computer literacy and comfort with digital platforms are beneficial for online documentation.
- No specific academic degree is required, making it accessible to diverse aspiring professionals.
- Prior business understanding is helpful but not mandatory.
- Skills Covered / Tools Used
- Documentation Mastery: Draft, verify, and manage critical EXIM documents (e.g., Bills of Lading, Shipping Bills).
- Compliance & Regulations: Navigate India’s Foreign Trade Policy, customs rules, DGFT, RBI, and FEMA.
- Logistics & Supply Chain: Understand freight forwarding, warehousing, multimodal transport, and port operations.
- Incoterms 2020: Apply Incoterms rules to define buyer-seller responsibilities, costs, and risks.
- International Payments: Expertise in Letters of Credit, Documentary Collections, and risk mitigation strategies.
- Market Research: Learn techniques for identifying global markets, trade barriers, and effective sourcing.
- Export Incentives: Knowledge of Indian government export promotion schemes and benefits.
- Digital Platforms: Familiarity with ICEGATE, DGFT portal, and e-Sanchit for online trade processes.
- Problem-Solving: Develop skills to resolve customs issues, logistics bottlenecks, and trade disputes.
- Benefits / Outcomes
- Enhanced Employability: High demand for graduates in EXIM departments, logistics, and customs brokerage roles.
- Entrepreneurial Empowerment: Gain expertise to confidently launch and manage your own export-import business.
- Operational Efficiency: Streamline EXIM processes, reduce costs, and mitigate transaction risks.
- Global Network: Opportunity to connect and build relationships with international trade professionals.
- Career Advancement: Rapid progression by demonstrating specialized, practical EXIM knowledge.
- Compliance Assurance: Minimize penalties and delays by ensuring all trade activities are fully compliant.
- PROS
- High Industry Demand: India’s growing global footprint ensures constant demand for skilled EXIM professionals.
- Global Career Opportunities: Opens doors to diverse roles within India and with international companies.
- Entrepreneurial Freedom: Strong foundation to start and successfully operate your own export-import venture.
- Economic Contribution: Play a pivotal role in boosting the national economy through trade facilitation.
- Dynamic & Engaging: An ever-evolving field offering continuous learning and challenges.
- CONS
- The EXIM landscape evolves constantly with new regulations, requiring continuous learning and adaptation beyond the course.