Role of a Reimbursing Bank under Letter of credit? Posted on 11 June 2022 Category : For Beginners Reimbursing Bank Reimbursing Bank is one of the parties involved in an LC. Reimbursing bank is the party who authorized to honor the reimbursement claim of negotiation/ payment/ acceptance. Reimbursing Bank is the settlement bank between the issuing bank and the nominated bank or the confirming bank. Learn Exports Imports Free, Click here Click here to know GST rate of your goods or service Register with Export Promotion Council How to Choose a product for export business Excise and Customs - Click here to read complete notification under Budget 2014 How to get Export Orders? How to settle dispute in Exports and Imports? Click here to know India Trade Classification(ITC) Pre shipment bank finance to suppliers for exports through other agencies Types of export containers Measurement of export containers Export Import Policy of India 2015-2020 MEIS, Merchandise Exports from India Scheme SEIS, Service Exports from India Scheme How to Import to Swaziland? How to export from Swaziland? How to import to India from Swaziland? How to export from India to Swaziland? How to export from Uruguay? How to export from India to Uruguay? How to import to India from Uruguay? When to pay GST? GST on short supplied goods and services by nature Impact of GST on imports in India Applicable import duty after GST implantation How to calculate IGST under imports? Changes in IEC after GST Linking IEC with GSTIN in customs Import under EPCG after GST GST on imports by EOUs and SEZs Changes of operation of SEZ Meaning of term Letter of Undertaking(LUT) under GST Meaning of Laws governing Goods and Services Tax Kashmir State Goods Service Act Means What is Job work procedure under GST Meaning of ITC Ledger of Tax Payer under GST ISD Return Means Comments Jahidul haque: On 21 September 2021 Please enlighten me with new article on bank reimbursement.