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5. The seller issues the ___________to the buyer containing the terms of the transaction like
date of transaction, seller details, buyer details, value, shipping terms and more.
(a) Consular invoice
(b) Commercial invoice
(c) Packing list
(d) All of the above

Home assignment
1- Marks questions.
1. What is meant by import trade?
2. What is airway bill?
3. State the meaning of letter of credit.
4. What is called as trade enquiry?
5. State the meaning of bill of entry.
6. What is meant by proforma invoice?
3 to 4 marks questions.
1. Write the objectives of import trade.
2. What are the procedures for Settlement of Import Bill?
3. What is the information mentioned in the trade enquiry?
5 to 6 marks questions.
st
1. Explain 1 six steps in import procedures as per import export guidelines.