Q4. i) ii) a) The export activity in India wouldn't have been possible without ECGC? Explain...

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Q4. i) ii) a) The export activity in India wouldn't have been possible without ECGC? Explain the role of SCR policy in securing the exporter's Risk? b) If an exporter has availed pre shipment limit of Rs. 5 Crores from SBI, ND. The limit of the Bank is also, Rs. 5 crores (Cr.), so the case is eligible for WTPCG. The position of account during June 23 is as following: On June 1", availed Rs. 2 Crore (Cr.) against order A, On June 6th further 50 lacs availed against the same order. On 13th sent shipment against order 'B', for Rs. 1 Cr. & availed Rs. 3 Crore against order 'B' on the same day. Collection documents sent in May were realized on 15th June. Documents for Rs. 2 Cr. Submitted to bank on 28th June were negotiated by the bank on 30th June. Prepare the statement for the month for submission to ECGC? Calculate the Premium @ 0.10%? Does it make any difference if the bank limit is Rs. 2 crores & sanctioned limit to the party is 5 Cr., Calculate premium in the above caseaccordingly? Q4. i) ii) a) The export activity in India wouldn't have been possible without ECGC? Explain the role of SCR policy in securing the exporter's Risk? b) If an exporter has availed pre shipment limit of Rs. 5 Crores from SBI, ND. The limit of the Bank is also, Rs. 5 crores (Cr.), so the case is eligible for WTPCG. The position of account during June 23 is as following: On June 1", availed Rs. 2 Crore (Cr.) against order A, On June 6th further 50 lacs availed against the same order. On 13th sent shipment against order 'B', for Rs. 1 Cr. & availed Rs. 3 Crore against order 'B' on the same day. Collection documents sent in May were realized on 15th June. Documents for Rs. 2 Cr. Submitted to bank on 28th June were negotiated by the bank on 30th June. Prepare the statement for the month for submission to ECGC? Calculate the Premium @ 0.10%? Does it make any difference if the bank limit is Rs. 2 crores & sanctioned limit to the party is 5 Cr., Calculate premium in the above caseaccordingly?

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a The Export Credit Guarantee Corporation ECGC plays a crucial role in facilitating export activitie... View the full answer