Purchase of Export Bill Posted on 29 April 2023 Category : Export Purchase/Discounting of Bill When the exporter is in need of funds, at the time of handing over the documents, he can request the banker to purchase/discount the bill and II allow the proceeds to be credited to his account. If it is a sight bill, bank purchases and if it is usance bill, bank discounts the bill. In both the cases, payment is made to the exporter, on presentation of documents. I Different terms 'Purchase' and 'Discount' are used, in separate contexts, to serve the 'same purpose. However, in case the importer fails to pay the bill, the exporter's account f will be debited. How to open an LC? Procedures to open a Letter of Credit How to overcome credit risk in export business? How to overcome Negative thoughts in export business How to prepare an Export Invoice. Contents of Export commercial Invoice: How to prepare an Export Packing list. Contents of Export Packing list How to prepare Purchase order Transferability of Bill of Lading Transhipment - A redefinition Travelers to India under import duty exemption, Frequently Asked Questions Part 2 Triangular export Triangular shipment Types of Insurance Documents. How to protect parties each other in triangular exports How to re-construct EP copy of shipping bill When to pay GST for supply of services? When to pay GST? GST on short supplied goods and services by nature Click here to know GST rate on Goods and Services GST Exemption list of goods and services Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? What is VACIS exam in US import customs clearance When can an exporter release bill of lading from shipping company? When does exporter get EP copy of shipping bill after customs clearance Procedure for Central Excise Clearance Under Claim of Rebate Customs procedures for Costa Rica Export Registration required to export from Costa Rica Import Customs processes in Costa Rica Import Registration and import Licence procedures in Costa Rica How to export from Bolivia? How to Import to Bolivia? How to import to India from Bolivia? Comments vijay kunapareddy: On 20 April 2017 Hi everybody, I am vijay, Director at lara exports company, we are exporters of Dry Red Chillies to Malaysia, Thailand, Singapore, Indonesia, Sri lanka, Vietnam, Mexico, China and other countries. Interested buyers please feel free to contact us at www.laraexports.com or you can whatsapp us at +91-91336-20218. Chandrika S : On 13 June 2017 I have few doubts and would highly appreciated if you could help me with your knowledge. A case : Order Value 100 USD Invoiced 100 USD Received 80 USD Balance not received. In this case, are we supposed to payback the benefits of indirect taxes taken ? B Case Order Value 100 USD Invoiced 80 USD Work carried out by my customer on our behalf 20 USD In this case, are we supposed to payback the benefits of indirect taxes taken ? C Case Order Value 100 USD Invoiced 80 USD Work carried out by my customer on our behalf with cost diff in that country 30 USD, instead of 20 USD. In this case, can we remit 10 USD to the customer and if yes how ? How to keep that account ? Sir, your valuable opinion in this case will help in understanding the repayment problems of the indirect tax benefit.