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