ORA-29340: export file appears to be corrupted: [string] [string] [string]
Cause : This is caused either by a corrupted export file or by an Oracle internal error.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Make sure the export file used for transportable tablespace is not corrupted. If the error still occurs, call Oracle support.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.