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  • 28 April

    Uploaded by

    Vrushali Chaudhary
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    The document outlines the process for an exporter in India to receive payment for goods exported overseas using a buyer's credit from EXIM bank. The key steps are: 1) An export contract is signed. 2) The exporter submits shipment documents to their bank. 3) Documents are sent to EXIM bank who issues a sanction. 4) A buyer's credit agreement is made. 5) Goods are shipped and documents sent to the buyer while copies go to banks. 6) The importer's bank makes payments to EXIM bank upon receipt of documents. 7) EXIM bank disburses funds to the exporter's bank overseas or in India.

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    EXIM flowchart

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    28.April Copy

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    The document outlines the process for an exporter in India to receive payment for goods exported overseas using a buyer's credit from EXIM bank. The key steps are: 1) An export contract is signed. 2) The exporter submits shipment documents to their bank. 3) Documents are sent to EXIM bank who issues a sanction. 4) A buyer's credit agreement is made. 5) Goods are shipped and documents sent to the buyer while copies go to banks. 6) The importer's bank makes payments to EXIM bank upon receipt of documents. 7) EXIM bank disburses funds to the exporter's bank overseas or in India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    28 April

    Uploaded by

    Vrushali Chaudhary
    The document outlines the process for an exporter in India to receive payment for goods exported overseas using a buyer's credit from EXIM bank. The key steps are: 1) An export contract is signed. 2) The exporter submits shipment documents to their bank. 3) Documents are sent to EXIM bank who issues a sanction. 4) A buyer's credit agreement is made. 5) Goods are shipped and documents sent to the buyer while copies go to banks. 6) The importer's bank makes payments to EXIM bank upon receipt of documents. 7) EXIM bank disburses funds to the exporter's bank overseas or in India.

    Copyright:

    © All Rights Reserved
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    of 1

    IMPORTERS

    BANK

    EXPORT DOCUMENTS
    REQUEST FOR SANCTION

    EXIM CONVEYS SANCTION

    BUYERS CREDIT AGREEMENT

    DISBURSEMENT DOCUMENT

    10

    IMPORTERS BANK
    (If necessary disb
    amount can be remitted
    to Importers bank

    CREDIT PAYMENTS

    8(b)

    INDIAN
    EXPORTER

    5(a)
    9

    DOCUMENTS THROUGH EXPORTERS BANK

    (ii) REMITTANCE TO EXPORTER


    8(b)

    COPY OF FIRC

    5(b)

    8(b)

    DISBURSEMENT TO EXPORTERS BANKS NOSTRO

    EXIM BANK

    8(a)

    EXPORTER SHIPS THE GOODS AND SENDS DOCUMENTS DIRECTLY TO BUYER

    5(a)

    CONTRACT FOR EXPORT OF GOODS OR SERVICES

    OVERSEAS
    BUYER
    (IMPORTER)

    EXPORTER SUBMITS COPY OF EXPORT DOCUMENTS


    SHIPMENT DOCUMENTS
    EXPORTREALISATION

    EXPORTERS
    BANK

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