Define Documents against acceptance (D/A).

Documents against Acceptance (D/A)

 

Documents against Acceptance are another term of payment in international payment.

The Documents against Acceptance (D/A), depend on an instrument broadly used in international trade called a bill of exchange or draft. Under this, transaction utilizes a time draft or Usance (It is the allowable timeframe, allowed by custom, between the date of the bill and its payment) i.e, the Exporter allows credit to Importer. The importer is required to accept the bill to make a signed promise to pay the bill at a set date later on. When he has signed the bill in acceptance, he can take the documents and clear his goods.

Simply, D/A is an arrangement in which an exporter instructs a bank to discharge shipping and title documents to an importer only if the importer accepts the accompanying bill of exchange or draft by signing it. In this case, the documents required to take possession of the goods are released by the clearing bank only after the buyer accepts a time draft drawn upon him.

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

How is IGM filed under high sea sale?

 How many of you know the meaning of Exports and Imports in India?

 How many types of imports in India. Types of bills of Entry in India

How many types of shipping bills in export

 How to add Line number in Import General Manifest in Custom in India

How to amend AWB number in Import General Manifest (IGM)

 How to amend BL number in Import General Manifest (IGM)

How to amend consignee (importer) name in Import General Manifest (IGM)

How to Import to Bolivia?

How to import to India from Bolivia?

How to export from India to Bolivia?

Documents required for Export from Bolivia

Customs procedures for Bolivia Export

Registration required to export from Bolivia

Section 170 Rounding off of tax, CGST Act, 2017

Sec 168 of CGST Act, 2017 Power to issue instructions or directions          

Section 163 of CGST Act, 2017 Levy of fee            

Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017 

Section 156 Persons deemed to be public servants, CGST Act, 2017         

Power to collect statistics, Section 151 of CGST Act, 2017              

Goods and services tax compliance rating, Sec 149 of CGST Act, 2017      

Section 146 of CGST Act, 2017 Common Portal   

Meaning of term Un-registered dealer under GST

Meaning of Unjust enrichment

Meaning of term Taxable Territory under GST

What is Taxable supply under GST

Term Taxable Turnover under GST

Term Two Rate Structure under GST

Unique Transaction Reference number (UTR) Means


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers