REGULATORY FRAMEWORK OF INDIA’S FOREIGN TRADE POLICY

Paper Code: 
DFTM 504 B
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

CO51: To Comprehend the basic framework of international trade

CO52: To Understand the regulatory framework of international trade 

CO53: To Evaluate the need and benefits of Import facilities

CO54: To Understand the applied concepts of developing trade policies

CO55: To Comprehend the current Foreign Trade Policy

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Practical Cases, Power point presentation and Solving Questions.    

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Live practical problems analysis

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

 

12.00
Unit I: 
Regulatory Issues in International Trade

Issues related to Export-Import Contract, Issues related to Exporter and agent, Issues related to product liabilities, Issues related to payments, Methods of dispute settlement: arbitration, conciliation, litigation

12.00
Unit II: 
Export import trade regulatory framework

Introduction to Foreign trade (development and regulation) act, Foreign exchange management act (FEMA), Customs act, and Export (quality control and inspection) act. International Commercial Practices

12.00
Unit III: 
Import facilities for exporters

Duty Free Replenishment Certificate (DFRC); Duty Entitlement Pass Book Scheme (DEPB); Export promotion capital goods scheme (EPCG); Duty Exemption Schemes: Duty Drawback, Excise Duty Refund, Octroi Exemption, Market Development Assistance (MDA), Market Access Initiative.

12.00
Unit IV: 
Strategies to Develop Trade Policy

Characteristics of India’s Trade, Inward looking strategy (import substitution), Outward looking strategy (export led growth), Advantage and Disadvantage of Strategies

 

12.00
Unit V: 
Current foreign trade policy of India:

Objectives, Policy related to Trade Liberalization, Major Schemes and Highlights

 

Essential Readings: 
  • Rakesh Mohan Joshi, International Marketing Management, Oxford University Press; 2nd edition
  • Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi.
  • Thakur & Mishra : International Business: Concepts And Techniques, Deep & Deep Publications

 

References: 

SUGGESTED READINGS:

  • P Subba Rao : International Business(Text and Cases) , Edition 4,  Himalya Publication House, Mumbai
  • Jain & Singh, Modern International Business, Regal Publications, New Delhi.

E-RESOURCES:

JOURNALS:

  • Foreign Trade Review
  • Global Business review
  • Asian Journal of Management Cases

 

 

Academic Year: 
2023-2024
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