Eximkey - India Export Import Policy 2004 2013 Exim Policy

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 .....................................

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