Letter of Credit Bank Specific !

Letter of credit Bank Specific Documentation ! Letter of credit Bank Specific Documentation !

B

Baannkkooff IInnddiiaa.. BBaannkkofofBBaarrooddaa.. AAXXIISSBBAANNKK.. L/C Limits Sancioned

L/C Limits Sancioned  T

 Tototal 1al 18.8.50 C50 Crorore re (R(Rs.1s.12.2.50 L50 L/C + /C + RsRs.6.6.2.25 CC5 CC)) ToTotatal 16l 16.0.00 Cr0 Crorore (Re (Rs.s.12.12.00 L00 L/C + /C + RsRs.4.4.0.00 CC0 CC)) ToTotatal __l _______ Cr_ Crorore (Re (Rs.s.________L/L/C + RC + Rs.s. II LL//C C AApppplliiccaattiioonn.. LL//C C AApppplliiccaattiioonn.. LL//C C AApppplliiccaattiioonn..

2) Attach Proforma Invoice 2) Attach Proforma Invoice

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6) ) EEnnttrry y iin n EExxcceel l SShheeeett 44) ) EEnnttrry y iin n ExExcceel l SShheeeett 66) ) EnEnttrry y iin n EExxcceel l SShheeeett 7) Filing of Xerox Co

7) Filing of Xerox Copy py Attach with Yellow Attach with Yellow StickerSticker 8

8) ) RReecceeiippt t oof f SSwiwift ft CCooppy y oof f LL//C C ffrroom m BBaannkk 66) ) RReecceeiippt t oof f SSwwiift ft CCooppy y oof f LL//C C ffrroom m BBaannkk 8) 8) RReecceeiipt pt oof f SSwwiifft t CCooppy y oof f LL/C /C ffrroo

IIII AAcccceeppttaannccee AAcccceeppttaannccee AAcccceeppttaannccee

( USD …… @ exchg rate…/1000 *1.25) ( USD …… @ exchg rate…/1000 *1.25) 1) Check Availibility of LC limits & Arrangement of 

1) Check Availibility of LC limits & Arrangement of  L/C Margins

L/C Margins

1) Check Availibility of LC limits & Arrangement 1) Check Availibility of LC limits & Arrangement of L/C Margins

of L/C Margins

1) Check Availibility of LC limits & 1) Check Availibility of LC limits & of L/C Margins

of L/C Margins 2) Preparation of L/C Application on our Letter Head

2) Preparation of L/C Application on our Letter Head & attach Proforma Invoice

& attach Proforma Invoice

2) Preparation of L/C Application on our Letter 2) Preparation of L/C Application on our Letter Head & attach Proforma Invoice.

Head & attach Proforma Invoice. 3) Preparation of L/C Application on Banks Format

3) Preparation of L/C Application on Banks Format (Documentary Credit) & Get Rs.100 Franking (Documentary Credit) & Get Rs.100 Franking

Format (Documentary Credit) & Get Rs.100 Format (Documentary Credit) & Get Rs.100 Franking

Franking

Format on Legal Paper (Documen Format on Legal Paper (Documen Rs.100 Franking

Rs.100 Franking 4) Fema Declaration (Declaration cum Undertaking)

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

on letter head.

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

Undertaking) on letter head.

4) Fema Declaration (Declaration 4) Fema Declaration (Declaration Undertaking) on letter head. Undertaking) on letter head. 5) EXIM Declaration (Import under export policy ) on

5) EXIM Declaration (Import under export policy ) on letter head.

letter head.

5) EXIM Declaration (Import under export 5) EXIM Declaration (Import under export policy ) on letter head.

policy ) on letter head.

5) EXIM Declaration (Import unde 5) EXIM Declaration (Import unde policy ) on letter head.

policy ) on letter head.

Sticker

Sticker StickerSticker

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

Application

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

Application

9) Filing of Swift Copy alongwith X 9) Filing of Swift Copy alongwith X Application

Application

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

Phone for document received by bank

Letter / Fax / Phone for document received by Letter / Fax / Phone for document received by Bank

Bank

Letter / Fax / Phone for document Letter / Fax / Phone for document Bank

Bank 2) To collect Bill of Exchange, Covering Letter &

2) To collect Bill of Exchange, Covering Letter & Request for Stamp Duty from th Bank

Request for Stamp Duty from th Bank

2) Prepare a letter of Undertakeng in lieu of  2) Prepare a letter of Undertakeng in lieu of  Franking of bill Of Exchange.

Franking of bill Of Exchange.

2) Prepare & Send Acceptance Le 2) Prepare & Send Acceptance Le Enclosures

Enclosures (A1 Form).(A1 Form). 3) Our Request on Letter Head for Franking on Bill

3) Our Request on Letter Head for Franking on Bill of of  Exchange

Exchange

3) Receipt of Full Set of Original I 3) Receipt of Full Set of Original I from bank.

from bank. 4) To get Franking on Bill Of Exchange from Stamp

4) To get Franking on Bill Of Exchange from Stamp Office

Office

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

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.

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) m Bank Arrangement ary Credit) cum export erox of L/C

.____ CC) m Bank Arrangement ary Credit) cum export erox of L/C received by

ter along with

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L/C

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L/C

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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

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

Receipt of Full Set of Original Import Bills from bank.

Preparation of L/C Application on Banks Format on Legal Paper (Documentary

Credit) Rs.100 Franking

Information received from bank through Letter / Fax / Phone for document received

by Bank

L/C

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Tot

Bank of Baroda.

Application.

Check Availibility of LC limits & Arrangement of L/C Margins

Preparation of L/C Application on our Letter Head & attach Proforma Invoice.

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

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

Receipt of Full Set of Original Import Bills from bank.

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

Preparation of L/C Application on Banks Format (Documentary Credit) & Get

Rs.100 Franking

Information received from bank through Letter / Fax / Phone for document

received by Bank

Prepare & Send Acceptance Letter along with Enclosures (Franked Undertaking

& A1 Form)

L/

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To

Bank of India.

Application.

Check Availibility of LC limits & Arrangement of L/C Margins

Preparation of L/C Application on our Letter Head & attach Proforma Invoice

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

Our Request on Letter Head for Franking on Bill of Exchange

 To get Franking on Bill Of Exchange from Stamp Office

Receipt of Full Set of Original Import Bills from bank.

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

Preparation of L/C Application on Banks Format

(Documentary Credit) & Get

Rs.100 Franking

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

Prepare & Send Acceptance Letter along with Enclosures (Franked BOE & A1

Form).

Remittances

DP Delivery on Payment. Normal Remittance L/C Remittance

1 Tri party agreement quoting 1 Request letter 1 To be done as on due ( Destination , Name , Qty , Type date no corresponden ofProduct.) 2 A1Form.

2 A1Form. 3 Invoicecopy

3 FEMA Declaration. 4 B/L copy. (Note * Exchange rate to be

taken as per us) 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.

OBL

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OBL

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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.)

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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 .