ECT
(Paragraph6 A.17)
Application for permission for export of commodities on elongated credit terms beyond 180 days
Instruction:
Theapplication complete in all respects should be submitted in duplicate throughthe applicants bankers to the concerned regional office of Reserve Bank ofIndia, under whose jurisdiction the applicant is situate.
1. | Particulars of exporter | |
| a) | Name and address | |
| b) | Importer-Exporter | |
| | Code Number | |
2. | Name and address of the | |
| Overseas buyer | |
3. | Particulars of export Contract | |
| a) | Commodity to be exported | |
| b) | Terms of Contract (FOB, | |
| | C&F, CIF, etc.) | |
| c) | Quantity | |
| d) | Total Contract Value | |
4. | Period of credit required | |
5. | Terms of payment: | |
| a) | Whether the export is | |
| | covered by irrevocable | |
| | letter of credit; if so | |
| | name and address of the | |
| | opening bank. | |
| b) | If the letter of credit | |
| | has been confirmed by | |
| | any bank, name of the | |
| | confirming bank. | |
| c) | In case the contract is | |
| | not covered by letter | |
| | of credit, details of | |
| | guarantee if any, offered | |
| | by overseas buyer. | |
6. | Rate of interest: | |
| i) | The rate of interest, | |
| | if charged separately | |
| ii) | Element of interest | |
| | included in the price | |
| | if interest is not being | |
| | charged separately | |
7. | Exporters past experience | |
| regarding repatriation of | |
| proceeds from the concerned | |
| buyer/country | |
8. | Whether ECGC have agreed to | |
| provide necessary cover for | |
| the export order in question | |
9. | Name and address of the bank | |
| in India from whom credit | |
| facilities are proposed to be | |
| obtained. | |
10. | Whether any commission is | |
| payable in respect of the | |
| export order. If so, | |
| a) | Name and address of the | |
| | overseas agent. | |
| b) | Rate at which the | |
| | commission is payable | |
11. | Profitability - A detailed | |
| statement indicating how the | |
| net profit has been arrived | |
| at should be enclosed | |
12. | Exporters export performance | Year | Value of | Total | Amount |
| during the previous 3 years | | Exports | realisation | outstanding |
| | | | made | | beyond |
| | | | | | 6 months |
| | | | Rs. | Rs. | Rs. |
| | | | | | |
| | | | | | |
| | | | | | |
13. | Any other information | |
| relevant for consideration of | |
| the application | |
Place: ................................. | ........................................................................ |
Date : ................................. | Stamp | | (Signature of Applicant/Authorised Official) |
| | Name: ............................................................ |
| Designation: .................................................. |
| Registration No: ............................................ |
|
To be completed by the Exporters bank |
| |
1) | Comments regarding the means and standing of the exporter |
| |
2) | Health Code allotted |
| |
3) | Credit limits enjoyed by exporter with the bank/other banks |
| |
4) | Any other comments |
Place: ................................. | ........................................................................ |
Date : ................................. | Stamp | | (Signature of Applicant/Authorised Official) |
| | Name: ............................................................ |
| Designation: .................................................. |
| Name and Address ........................................ |
| of Authorised Dealer ..................................... |