Export Import Procedures and Documentation NMIMS Assignment Dec 2019

Export Import Procedures and Documentation

• You have joined an organization as a Head of Export Import dept. Company is in the process of preparing an operation manual and asks you to prepare a list of documents required for Import. You need to give an elaborate list so as to cover major areas of imports. Also you have to give the importance of documents and the problems in customs in case of submission of incomplete documentation. Please submit your list and details to the Management.
• You have an export order of one consignment of 40&rsquo container to Malaysia. As the profit margin is not very high your organization advises you to achieve cost reduction in the freight and customs clearance so that some money can be still saved. This is really challenging as the freight charges are dynamic based on the market. Please give a best shot and explain how will you achieve some cost reduction in freight and customs clearance
• Due to heavy rain in Mumbai airport your cargo got damaged completely. Your consignment was under water for 3 days and customs has asked you clear the consignment as the water got drained out of cargo complex. Your company has understood that the consignment got damaged and cannot be used for production. They are asking you the following queries:

a. Is it good to clear the consignment and claim insurance

b. Is it better to abandon the consignment and claim insurance

You need to give the advantages and disadvantages of taking the above actions. Kindly advise the management suitably with your experience.