1. Foundations of International Business and Core Concepts of Import-Export...................07
1.1 Introduction to the Meaning, Nature, and Scope of International Business, Domestic vs International Business.
1.2 Understanding Globalization: Meaning, Benefits, Challenges, and Economic Effects.
1.3 International Trade Theories: Comparative Advantage, Heckscher– Ohlin, Product Life Cycle Theory, National Competitive Advantage (Porter’s Diamond).
1.4 Modes of Entry into International Business: Exporting & importing, Licensing & franchising, Joint ventures Wholly-owned subsidiaries and MNCs & global companies.
1.5 International Institutions: their role in promoting trade: WTO, IMF, World Bank and UNCTAD.
1.6 India’s Foreign Trade Overview: India’s major exports & imports, Key trading partners and current trends.
2. Export-Import Process and Regulatory Framework......28
2.1 Introduction to Export-Import: Meaning of export & import Type exporters (manufacturer exporters, merchant exporters) Export–import cycle.
2.2 Export Procedure: Registration (IEC, RCMC), Selection of product & Market Documentation – Invoice, Packing list, Bill of lading/airway bill, Certificate of origin, insurance documents. Role of CHA (Custom House Agent).
2.3 Import Procedure: Import license requirements, Placing an order Bill of entry, Customs clearance, Duty structure (basic understanding)
2.4 Export Payment Methods: Advance payment, Letter of Credit (LC) – simple explanation, Documentary collection (DP/DA), Open account
2.5 Export Incentives in India: Duty Drawback, MEIS/SEIS (or their updated schemes – simple explanation), EPCG, EOU/STPI, Export Promotion Councils.
2.6 Logistics in Export–Import: Freight forwarding: basic idea, Incoterms (EXW, FOB, CIF, etc.) simplified, Warehousing, packing, labelling requirements
2.7 Government Support Agencies: DGFT, FIEO, ECGC (Export Credit Guarantee Corporation), EXIM Bank – role in promoting exports.
References................................................52