Letter of Credit Bank Specific !

Letter of credit Bank Specific Documentation !

Bank of India.

I

 Tot  Total al 18. 18.50 50 Cro Crore re (Rs.1 (Rs.12. 2.50 50 L/C L/C + Rs.6 Rs.6.2 .25 5 CC) CC) L/C Application. 1) Check Availibility of LC limits & Arrangement of  L/C Margins 2) Preparation of L/C Application on our Letter Head & attach Proforma Invoice 3) Preparation of L/C Application on Banks Format (Documentary Credit) & Get Rs.100 Franking

II

Bank of Baroda. AXIS BANK. L/C Limits Sancioned Tota Totall 16.0 16.00 0 Cror Crore e (Rs. (Rs.12. 12.00 00 L/C L/C + Rs.4 Rs.4.0 .00 0 CC) CC) Tota Totall ____ _____ _ Cror Crore e (Rs. (Rs.__ ____ __L/ L/C C + Rs. Rs. L/C Application. L/C Application. 1) Check Availibility of LC limits & Arrangement 1) Check Availibility of LC limits & of L/C Margins of L/C Margins 2) Preparation of L/C Application on our Letter Head & attach Proforma Invoice. Format (Documentary Credit) & Get Rs.100 Franking

2) Attach Proforma Invoice Format on Legal Paper (Documen Rs.100 Franking

4) Fema Declaration (Declaration cum Undertaking) 4) Fema Declaration (Declaration cum on letter head. Undertaking) on letter head.

4) Fema Declaration (Declaration Undertaking) on letter head.

5) EXIM Declaration (Import under export policy ) on letter head. 6) Entry in Excel Sheet 7) Filing of Xerox Copy Copy Attach with Yellow Sticker 8) Receipt of Sw wiift ft Copy of L/C from Bank

5) EXIM Declaration (Import under export policy ) on letter head. 4) Entry in Excel Sheet Sticker 6) Receipt of Swift Copy of L/C from Bank

5) EXIM Declaration (Import unde policy ) on letter head. 6) Entry in Excel Sheet Sticker 8) Receipt of Swift Copy of L/C fro

9) Filing of Swift Copy alongwith Xerox of L/C Application

7) Filing of Swift Copy alongwith Xerox of L/C Application

9) Filing of Swift Copy alongwith X Application

Acceptance 1) Information received from bank through Letter / Phone for document received by bank

Acceptance Letter / Fax / Phone for document received by Bank

Acceptance Letter / Fax / Phone for document Bank

2) To collect Bill of Exchange, Covering Letter & 2) Prepare a letter of Undertakeng in lieu of  Request for Stamp Duty from th Bank Franking of bill Of Exchange. 3) Our Request on Letter Head for Franking on Bill of  ( USD …… @ exchg rate…/1000 *1.25) Exchange 4) To get Franking on Bill Of Exchange from Stamp Office

3) To get Franking done on our Undertaking from Stamp Office

5) Prepare & Send Acceptance Letter along with Enclosures (Franked BOE & A1 Form).

4) Prepare & Send Acceptance Letter along with Enclosures (Franked Undertaking & A1 Form)

6) Receipt of Full Set of Original Import Bills from bank.

6) Receipt of Full Set of Original Import Bills from bank.

2) Prepare & Send Acceptance Le Enclosures (A1 Form). 3) Receipt of Full Set of Original I from bank.

5) Prepare & Send Acceptance Letter along with Enclosures (Franked BOE & A1 Form).

4) Prepare & Send Acceptance Letter along with Enclosures (Franked Undertaking & A1 Form)

6) Receipt of Full Set of Original Import Bills from bank.

6) Receipt of Full Set of Original Import Bills from bank.

.____ CC) Arrangement

ary Credit) cum export

m Bank erox of L/C

.____ CC) Arrangement

ary Credit) cum export

m Bank erox of L/C

received by ter along with port Bills

Tot

L/C 1 2 3 4 5 6 7

Tot

L/C 1 2 3 4 5 6 7 8 9

Ac 1 2 3

AXIS BANK. l L/C Limit Rs.______ Crore { Rs.______Crore L/C + Rs._____Crore CC }

Application. Check Availibility of LC limits & Arrangement of L/C Margins Attach Proforma Invoice Preparation of L/C Application on Banks Format on Legal Paper (Documentary Credit) Rs.100 Franking Fema Declaration (Declaration cum Undertaking) on letter head. EXIM Declaration (Import under export policy ) on letter head. Entry in Excel Sheet Filing of Xerox Copy Attach with Yellow Sticker Receipt of Swift Copy of L/C from Bank Filing of Swift Copy alongwith Xerox of L/C Application

eptance Information received from bank through Letter / Fax / Phone for document received by Bank Prepare & Send Acceptance Letter along with Enclosures (A1 Form). Receipt of Full Set of Original Import Bills from bank.

Tot

L/C 1 2 3 4 5 6 7 8 9

Ac 1 2

3 4 5

Bank of Baroda. al L/C Limit Rs.16.00 Crore { Rs.12.00 Crore L/C + Rs.4.00 Crore CC }

Application. Check Availibility of LC limits & Arrangement of L/C Margins Preparation of L/C Application on our Letter Head & attach Proforma Invoice. Preparation of L/C Application on Banks Format (Documentary Credit) & Get Rs.100 Franking Fema Declaration (Declaration cum Undertaking) on letter head. EXIM Declaration (Import under export policy ) on letter head. Entry in Excel Sheet Filing of Xerox Copy Attach with Yellow Sticker Receipt of Swift Copy of L/C from Bank Filing of Swift Copy alongwith Xerox of L/C Application

eptance Information received from bank through Letter / Fax / Phone for document received by Bank Prepare a letter of Undertakeng in lieu of Franking of bill Of Exchange. ( USD_______ @ Exchg Rate1______1000 *1.25)  To get Franking done on our Undertaking from Stamp Office Prepare & Send Acceptance Letter along with Enclosures (Franked Undertaking & A1 Form) Receipt of Full Set of Original Import Bills from bank.

To

L/ 1 2 3 4 5 6 7 8 9

Ac 1 2 3 4 5 6

Bank of India. tal L/C Limit Rs.18.50 Crore { Rs.12.50 Crore L/C + Rs.6.25 Crore CC }

Application. Check Availibility of LC limits & Arrangement of L/C Margins Preparation of L/C Application on our Letter Head & attach Proforma Invoice Preparation of L/C Application on Banks Format Rs.100 Franking

(Documentary Credit) & Get

Fema Declaration (Declaration cum Undertaking) on letter head. EXIM Declaration (Import under export policy ) on letter head. Entry in Excel Sheet Filing of Xerox Copy Attach with Yellow Sticker Receipt of Swift Copy of L/C from Bank Filing of Swift Copy alongwith Xerox of L/C Application

ceptance Information received from bank through Letter / Phone for document received by bank  To collect Bill of Exchange, Covering Letter & Request for Stamp Duty from th Bank Our Request on Letter Head for Franking on Bill of Exchange  To get Franking on Bill Of Exchange from Stamp Office Prepare & Send Acceptance Letter along with Enclosures (Franked BOE & A1 Form). Receipt of Full Set of Original Import Bills from bank.

Remittances DP Delivery on Payment.

Normal Remittance

1 Tri party agreement quoting ( Destination , Name , Qty , Type of Product .)

1 Request letter

2 A1 Form.

3 Invoice copy

3 FEMA Declaration. (Note * Exchange rate to be taken as per us)

4 B/L copy.

2 A1 Form.

5 BOE ( Triplicate ) 6 Fema Declaration (Note *if Payment is greater than 6 months old it requires Auditors Letter.) Submission  Take exchange rate (Note name of person from whom exch rate is taken and note on request letter.)

e.

L/C Remittance 1 To be done as on due date no corresponden

e.

OBL rele

1

2 3

OBL rele

1

2 3 4 5

6 7

DP Remittances (Original bill of Lading) sent by the supplier in our Bank and we have to get sed from Bank by making Payment. Steps For DP Remittance

Preparation of Remittance request letter along with following enclosures I A1 Form ii FEMA Declaration iii Triparty Agreement . Checking of Excel remittance sheet ( USD amount etc).   Tally Exchange rate from Treasury Bank. Preparation of request letter. Sending of Original letter to bank ( If documents are urgent then Fax the Request letter to bank . Reciept of full set of Original documents from bank. Preparing CHA Documents. Submission Note- Take exchange rate (Note name of person from whom exch rate is taken and note on request letter.)

1 2

3 4

5

Normal Remittances Steps For Normal Remittance. Checking amount in Excel Sheet. Checking of Bill and comparing it with DP Document ( To see that there is no duplication of Payment .)  Taking Exchange Rate from Treasury Bank. Preparation Remittance request letter Along with Following enclosures I A1 Form ii Commercial Invoice . ( CI) iii Bill of Lading Xerox. iv Bill of entry ( Exchange control copy ) v FEMA Declaration vi Auditors Letter ( Incase bills are outstanding for 6 months or 180 days ) sending Request letter to bank Submission Note- Take exchange rate (Note name of person from whom exch rate is taken and note on request letter.)

L/C Remittances Steps For L/C Remittance. 1 Checking of Excel sheet USD amount and interest amount . 2 Taking Exchange Rate from Treasury Bank. 3 Preparation of Request letter 4 Fax or sending of Request Letter. 5 Geting Bank advise of request letter. 6 Entry of Remittance charges in remittance Excel Sheet. 7 Taking action in case of Diffrence of Charges .