LC payment under Duty credit scrip and Export Obligation

   


The information provided here is part of Import Export course online


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
 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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