Q.Which of the following is NOT a step in the import procedure?

The import procedure involves enquiry, obtaining the IEC, arranging foreign exchange, placing an indent, opening a letter of credit, receiving shipment advice, and customs clearance. One listed activity belongs to the exporter's side, not the importer's. …

The import procedure has its own defined stages; the odd one out will be something belonging to the export side. Testing the options:

(A) Obtaining foreign exchange through an AD bank — incorrect choice for 'not a step', because it IS a genuine import step; the importer must pay in foreign currency.

(B) Placing an indent with the supplier — this IS an import step (the formal order). …

Read 'NOT a step' carefully — negative-worded MCQs trip students who identify a correct import step and select it. The RCMC belongs to the export s …