Observation

Most candidates who attempted this question performed poorly. Some could not properly differentiate indent and quotation. For (b) part of the question, some candidate wrote the functions of custom authority for export promotion council.  

The expected responses are.

       (a) Differences between indent and quotation
Indent is the document used to place order for the purchase of goods in international trade by
the buyer while quotation is a document which originates from the seller in local trade as a
reply to inquiry, stating the terms under which the goods requested can be supplied.
Or
Indent is used in international trade while quotation is used in domestic trade.
Or
Indent is an order for goods in international trade while quotation is a reply to a letter of
inquiry.
Or
An indent is sent by the buyer while a quotation is sent by the seller.

(b)       Functions of the following organizations

1. Export promotion council

• It assists exporters in obtaining export financing facilities, insurance and credit guarantee schemes for businessmen.
• It helps in the development and export of raw materials and semi-processed products derived from agriculture and mining industries in the country.
• It organizes training workshops and seminars in export management and international marketing for personnel and agencies engaged in foreign trade.
•  It explores ways of penetrating into new markets abroad by advising and supporting private sector firms to participate in overseas trade fairs and exhibitions.
• It organizes local workshops, seminars, and conferences for producers.

2. Customs and Excise Authority

• It collects import, export and excise duties.
• It generates statistics for the government for budgetary purposes.
• It ensures the arrest of smugglers.
• It ensures that contraband and harmful goods are not brought into the country.
• It manages bonded warehouses to ensure that correct duties are paid.
• It issues licences to importers for items under restriction.