FM-504: CORPORATE TAX PLANNING

objective: The objective of the course is to acquaint the participant with the implications of corporate tax planning in operational as well as strategic terms Course Contents: Computation of Tax Liability vis--vis Tax Planning; Meaning and Scope of Tax Planning, Tax Avoidance and Tax Evasion; Tax Planning and Location of Undertaking, Tax Planning regarding Dividends Policy, Inter Corporate Dividends and Transfers; Tax Considerations in Respect of Specific Managerial Decision like Make or Buy, Own or Lease, Close or Continue, Sale in Domestic Markets or exports; Replacements and Capital Budgeting Decisions, etc; Tax Planning in respect of Managerial Remuneration. Suggested Readings 1. Ranina, H P. Corporate Taxation: A Handbook. 2nd ed., New Delhi, Oriental Law House, 1985. 2. Singhania, V K. Direct Taxes: Planning and Management, New Delhi, Taxman, 1991. 3. Srinivas, E A. Handbook of Corporate Tax Planning. New Delhi, Tata McGraw, Hill, 1986 4. Ahuja, G K & Gupta Ravi, Systematic Approach to Income Tax. Allahabad, Bharat Law House, 1999. 5. Iyengar, A C. Sampat Law of Income Tax. Allahabad, Bharat House, 1981. The list of cases and specific references including recent articles will be announced in the class at the time of launching of the course.

IB-403 INTERNATIONAL FINANCIAL MARKETS

Objective: The objective of this course is to give students an in-depth knowledge of the working of international financial markets. Course Content Globalizations and the Growth of Derivatives, Euro-currency Market, Euro-currency Centres, Term Structure of Euro-currency Rates, Eurocurrency Futures and Options, Syndicated Euro-credits. International Bond Markets - Introduction, Eurobond Valuation and Hedging, Swaps: Interest Rates and Currency, New Instruments in International Capital Markets, International Banking, International Portfolio Diversification. Suggested Readings 1. Buckley, Adrian. Multinational Finance. 3rd ed., Englewood Cliffs, Prentice Hall Inc., 1996. 2. Eiteman, David K and Stonehill, Arthur 1. Multinational Business Finance. California, Addison-Wesley, 1988. 3. Johnson and Giaccott. Options and Futures. S1. Paul, West, 1995. 4. Kim, Suk and Kim, Seung. Global Corporate Finance: Text and Cases. 2nd ed. Miami, Florida, 1993. 5. Shapiro, Alan C. Multinational Financial Management. New Delhi, Prentice Hall of India. 1995. The list of cases and specific references including recent articles will be announced in the class at the time of launching the course.

IB-405 EXPORT-IMPORT PROCEDURES AND DOCUMENTATION

Objective: The aim of the course is to acquaint the students with the export-import procedures, documentation and logistics. Course Contents Significance of procedures and documentation in international trade; Aligned Documentation System (ADS); INCOTERMS. Export order processing; export contract; export price quotations; shipping and custom clearance of export and import cargo; central excise clearance; main export and import documents; Role of forwarding agents. Methods of payment in international trade; pre-shipment and postshipment finance; role of EXIM bank and ECGC in India. Major export promotion schemes in India-EPCG, duty exemption scheme; DPEB scheme; SIL; facility for deemed exports; Export promoting institutions role of export promotion councils, commodity boards and ITPO. Suggested Readings 1. M. D. Jitendra, Export Procedures and Documentation, Rajat Publications, Delhi. 2. Pervin Wadia, Export Markets and Foreign Trade Management, Manishka Publications, New Delhi. 3. Paras Ram, Export: What, Where and How. Delhi, Anupam, Pub., 1995. 4. Government of India Handbook of Import - Export Procedures. 5. Nabhis Exporters Manual and Documentation. 6. Nabhis New Import-Export Policy Procedures The list of cases and specific references including recent articles will be announced in the class at the time of launching the course.