LC payment under Duty credit scrip and Export Obligation

   

Irrevocable Letter of Credit payment under Duty credit scrip and Export Obligation

 

LC payment under Duty credit scrip and Export ObligationAccording to Foreign Trade Policy 2015-20, in case where applicant applies for duty credit scrip / discharge of EO against confirmed irrevocable letter of credit (or bill of exchange which is unconditionally Avalised / Co-Accepted / Guaranteed by a bank) and this is confirmed and certified by exporter’s bank in relevant Bank Certificate of Export and Realization, payment of export proceeds shall be deemed to have been realized. For Status Holders, irrevocable letter of credit would suffice. 


The above information is a part of Online Export Import course


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Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading
USDA hold by US customs for import cargo
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What happens, if HAWB number marks wrongly
What happens, once Bill of Entry for Imports files?
What is ‘Combined Bill of Lading’
How to obtain a duplicate BL, if original bill of lading lost.
Difference between standard dry container and high cube container
Shipping procedures to import Edible Fruits and nuts, peel of citrus or melons
Importation processes of VEGETABLES
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How to import Raw hides, skins and leather 
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 Terms of Payment in Export and Import
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The role of bill of exchange in import export business
The term FCL. What is FCL means
How to make DA mode of payment safe
 How does comprehensive policy of ECGC work for exporters?
Top 137 Airline names and their websites worldwide
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TYPES OF MARINE INSURANCE POLICIES


Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading
USDA hold by US customs for import cargo
 Vessel sailing in export business
 What happens, if HAWB number marks wrongly
What happens, once Bill of Entry for Imports files?
What is ‘Combined Bill of Lading’
How to obtain a duplicate BL, if original bill of lading lost.
Difference between standard dry container and high cube container          
Shipping procedures to import Edible Fruits and nuts, peel of citrus or melons       
Importation processes of VEGETABLES
Garments on Hanger container (GOH container)
How does Bill of Lading work in DP payment terms? Who receives the amount of auctioned / resold imported unclaimed/un-cleared goods?
 Why demurrage/detention waiver period is required at destination for import
Why do carriers balance weight and volume while charging freight amount in Exports? How does First Appraisement system of import customs clearance procedures work?

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Comments


manoj: I am too much interested in LC and want to be more strong in LC being a banker.Could you please suggest me and provide me notes if possible.The Lc basics with perspectives to our Asian country as a realistic examples and case study will be beneficial I guess .

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