Ithihas Group Interview Questions and Answers

We use UN-approved packaging for DG products based on their hazard class.

• We follow the regulations set by the International Air Transport Association (IATA) and International Maritime Dangerous Goods (IMDG) Code.

• The packaging used depends on the hazard class of the DG product being exported.

• For example, Class 3 flammable liquids require packaging that can withstand pressure and prevent leakage.

• The packaging must be properly labeled and marked with the appropriate hazard symbo...read more

As an Export Manager, my role in freight negotiations of air and sea quotes involves analyzing quotes, negotiating rates, and selecting the best option for the company.

• Analyze air and sea quotes to determine the best option for the company

• Negotiate rates with freight forwarders to ensure the best possible price

• Consider factors such as transit time, reliability, and cost when selecting a freight forwarder

• Communicate with internal stakeholders to ensure their needs are met

• Maint...read more

CIF and CIP are both international trade terms used in contracts. CIF includes insurance and freight costs, while CIP only includes insurance.

• CIF stands for Cost, Insurance, and Freight, while CIP stands for Carriage and Insurance Paid To.

• CIF includes the cost of goods, insurance, and freight charges, meaning the seller is responsible for delivering the goods to the port of destination and covering the insurance and freight costs.

• CIP, on the other hand, includes the cost of g...read more

The import duty payment structure for the year 20-21 varies based on the product category and country of origin.

• The import duty rates are determined by the Customs Tariff Act, 1975

• The rates are subject to change based on government policies and trade agreements

• Some products may be exempt from import duty or have reduced rates based on their classification

• The duty rates may also vary based on the country of origin and the trade agreement between India and that country

• The impor...read more

Our company uses the services of multiple import clearing agents depending on the country and type of product.

• We work with various import clearing agents to ensure smooth and efficient customs clearance.

• The choice of agent depends on the country of origin and the type of product being imported.

• We prioritize agents with a proven track record of timely and accurate clearance.

• Our team closely monitors the clearance process to ensure compliance with all regulations and minimize d...read more