Category: Customs Shipping and Insurance

You have joined a company as an Imports Executive (Operations) in Mumbai

13 Sep
MBA Assignment Admin 0 Comment Customs Shipping and Insurance ,

Custom Shipping and Insurance

1. You have joined a company as an Imports Executive (Operations) in Mumbai. You have been sent to the sea port to do the customs clearance of an imported consignment. The consignment is on CIF basis. What would be your sequence of operations to clear this.

2. Your company proposes to import one Live Horse. You have been asked to check the foreign trade policy for its importability and the customs duty. You need to give the following details to the management:

a. Which chapter this Live Horse is classified in the customs?

b. Is it freely importable? If not what is the category of this import and how to import?

c. What is the rate of customs duty only.

3. One consignment in a 20 feet container was imported to Mumbai in July in FOB terms. The freight and insurance is to be borne by your company. After customs clearance, your customs broker transferred the consignment from the container to a truck to transfer to your factory. The entire consignment got wet in transit due to heavy rain.

a. How will you claim the insurance for this damage and what type of insurance policy will cover this type of damages?

b. What precautions should have been taken to avoid such damages?

Custom Shipping and Insurance

13 Sep
MBA Assignment Admin 0 Comment Customs Shipping and Insurance ,

Custom Shipping and Insurance

1. You have joined a company as an Imports Executive (Operations) in Mumbai. You have been sent to the sea port to do the customs clearance of an imported consignment. The consignment is on CIF basis. What would be your sequence of operations to clear this.

2. Your company proposes to import one Live Horse. You have been asked to check the foreign trade policy for its importability and the customs duty. You need to give the following details to the management:

a. Which chapter this Live Horse is classified in the customs?

b. Is it freely importable? If not what is the category of this import and how to import?

c. What is the rate of customs duty only.

3. One consignment in a 20 feet container was imported to Mumbai in July in FOB terms. The freight and insurance is to be borne by your company. After customs clearance, your customs broker transferred the consignment from the container to a truck to transfer to your factory. The entire consignment got wet in transit due to heavy rain.

a. How will you claim the insurance for this damage and what type of insurance policy will cover this type of damages?

b. What precautions should have been taken to avoid such damages?

Customs Shipping and Insurance

27 Jun
MBA Assignment Admin 0 Comment Customs Shipping and Insurance

1. Your company has imported one consignment and your customs broker has opted for second check to clear the consignment. However during customs examination, customs has found some excess items which have not been mentioned in the invoice. Explain the customs action on this and how will you handle this situation.

2. You have imported one consignment of 250 cases under CIF terms. During examination your customs broker observed a shortage of 28 cases and stopped the clearance. What is your action plan to clear this consignment and how will you claim the insurance for the shortages.

3. You are a customs broker. One company approaches you to use your services to export one huge consignment of 2000 boxes of same dimension by SEA. The company requests you to suggest the safe and cheaper freight for this export:

a. What will you suggest…. Export as break bulk or through containers and explain the reasons for your recommendation?

b. How will you assess the requirement of number of containers if exported through containers? How will you check the cheapest freight for this consignment?