闪电代写 -代写CS作业_CS代写_Finance代写_Economic代写_Statistics代写_代码代做_IT代写_加急帮助

Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: daixieit

BEO2010

International Trade Practices

S2, 2025

Group Assignment

(30% of total Assessment)

Due date: (TBA)

Question 1 (10 marks)

You are employed by Australian company looking to diversify the range of products to increase scoop of their operations. You have been given a task to choose one product out six, the cheapest one in total cost, listed below (3 countries, 2 products) to import to Australia.

1.1 Identify the custom classification code for each listed product in Table 1.

https://www.abf.gov.au/importing-exporting-and-manufacturing/tariff-classification/current-tariff

1.2 Calculate amount of duty payable on entering the product for home (local) consumption.

● Provide hard copy of foreign exchange rate used for calculations

1.3 Calculate the VoTI (Value of Taxable Imports)

1.4 Calculate the total cost of products at the end of the customs clearance.

Instructions:

● Students must complete six calculations (three products, each product has two potential countries to import from)

● Freight costs are for sea transport from the country of origin to Melbourne Victoria Australia.

● In calculating the costs, you will have to convert them to AUD. When currency exchange rate is not available with ANZ source you can use an alternative source to obtain currency exchange rate. (Provide screenshots of exchange rates)

https://www.anz.com/aus/RateFee/fxrates/fxpopup.asp

● Cost of goods given as an equivalent FOB value for customs purposes.

● There is no option in deferring GST.

1.5 Complete Import Declaration (N10) form for the product you have calculated as the cheapest one in total cost.

Table 1: Product and origin information

Product A

Product: CONIFEROUS WOOD IN CHIPS
Origin	United States	Portugal
Price	USD 50 cubic meter	EUR 35 per cubic meter
Quantity	100 cubic meters	100 cubic meters
Freight costs to Australia	USD 2,000.00	EUR 1,500.00
Cargo Insurance costs	USD 950.00	AUD 1,400.00

Product B

Product: SHEETS OF IRON STEEL
Origin	China	Japan
Price	RMB 60 per sheet	JPY 1,200.00 per sheet
Quantity	5,000 sheets	5,000 sheets
Freight costs to Australia	AUD 1,500.00	USD ,1000.00
Cargo Insurance costs	RMB 1,600.00	JPY 32,000.00

Product C

Product: COMPOUNDED RUBBER IN STREAPS
Origin	Thailand	Malaysia
Price	THB 50 per kg	MYR 7 per kg
Quantity	2,500.00 kg	2,500.00 kg
Freight costs to Australia	AUD 1300.00	AUD 1,300.00
Cargo Insurance costs	THB 12,000.00	MYR1600.00

Question 2 (10 marks)

Suntory Beverage & Food Limited is a Japanese company selling to Australia a traditional Japanese spirit Sake and Matcha Powder. Your company signed a contract with agreed deferred payment (30 day from the shipping date paid in JPY) to import these two products to Australia. The goods are priced in JPY. You have heard about the benefits of preferential duty treatment for Japanese goods under the Japan Australia Free Trade Agreement (JAFTA).

You are considering entering a forward exchange contract with your bank to avoid any currency fluctuation. The bank offers you an adjustment at premium 0.0478

Note: All teams, no matter whether decision made is to enter the contract or not, will have to complete three calculations using the following rates: spot rate (shipping date), spot rate (30 days from the shipping date) and the rate under the contract (adjusted). (Please attached the relevant screenshots for the currency rates)

The products you will import are listed in Table 1 and dimensions in Table 2 (prices shown on an EXW Incoterms 2020 basis):

Table 1: Product details

Matcha Powder (product code JMTP)	Sake (product code JPNS)
Quantity: 40 kg per box	Quantity: 12 bottles per box
Price: 1,000.00 JPY per kg	Price: JPY 800 per bottle
Total quantity of Matcha Powder: 840kg	Total quantity of Sake: 2400 bottles

Table 2: Product sizes and measurements

Product Gross	Weight per box	Measurement per box
Matcha Powder	40 kgs	0.03 m3
Sake	15kgs	0.02 m3

2.1 You must decide whether you will enter a forward exchange contract or not

(You must email your group decision to your teacher at the end of the Session 1)

2.2 In Week 1 Session 1 you are to obtain the following information:

● The spot rate for the JPY (Provide screenshot evidence of exchange rate on the day)

https://www.anz.com/aus/RateFee/fxrates/fxpopup.asp

● The value of the contract is as per product you are selling above (details as in Table 1).

● Calculate the amount payable when converted to AUD using the spot rate obtained in Week 1 Session 1

2.3 In Week 6, Session 1, you are to obtain the following information:

• Obtain the spot rate for the JPY (must be from the same source as of Week 1).

• Calculate the amount payable in AUD using the spot rate obtained during Session 1

from the same source as for Week 1. (Provide screenshot evidence of exchange rate on the day)

Table 3 Comparison of amount payable in Week 1 and Week 6

	Week 1	Week 6	Week 6 (Under the contract)
Spot Rate
Amount Payable

2.4 Anticipate the amount payable in Week 6 and analyze the effect of the exchange rates movement on the amount payable in AUD, benefit, and cost of forward contract as an exchange rate risk management tool.

Question 3 (10 marks)

Use OZDOCS TO COMPLETE THIS TASK

Complete the necessary export documentation to clear Customs and enable the importer to complete border clearance processes in Thailand for products in Table 1&2.

Table 1.

(A) Australian Lamb (Product Code AULM)	(B) Australian Wine (Product Code AUWN)
Quantity: 50 kg per box	Quantity: 6 bottles per box
Price: AUD 10 per kg	Price: AUD 8 per bottle
Total quantity of lamb: 1750 kg	Total quantity of wine: 2400 bottles