Export at a glance

Export at a glance Export Section. 4 4.10: Abridgment on Export Business. 4 Meaning of Export 4 Definition of Exporter. 4 Procedure for Obtaining Export Registration Certificate (ERC): 4 Different […]

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Foreign Remittance

Foreign Remittance  Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in and […]

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Outward Remittance

Outward Remittance Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward remittance are: Import Bills Payment Payment against Contract or […]

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Common discrepancies in the export documents

DISCREPANCIES

 DISCREPANCIES Common discrepancies in the export documents Claused/unclean/foul/dirty Bill of Lading. Charte–party/stale/third party Bill of Lading (Unless stipulated in the letter of credit ) ON BOARD notation in B/L undated/unauthenticated. […]

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Guarantee

Guarantee A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal […]

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