International Business

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Presentation transcript:

International Business

International Business CASE STUDY (20 Marks) Mehta & Company is an Indian manufacturer exporter of aluminum profiles. Mehta & Co always use open top container for export. This exporter sent his one FCL consignment to foreign buyer at Germany. After receiving consignment at Hamburg Germany, importer (Buyer) found that there was water inside the container. Aluminum profile was also damaged. Therefore Germany buyer rejected this consignment. Mehta & company were ready to take back container in India for repairing and reengineering. After repairing and reengineering they want to re export same container to original buyer at Germany.

Answer the following question. Q1. Is it possible to bring back exported container in to India? Explain. Q2. What are Customs formalities while import of exported container? Q3. What are Customs formalities while re export of repaired material? Q4. As per Customs, What the main conditions for re export of repaired /re conditioned items.