(in the letter head of the importer company).

The Branch Manager,

State Bank of India,
___________________________

Dear Sir/ Madam,

SUBJECT: ADVANCE/COLLECTION PAYMENT FOR IMPORTS OF GOODS:

We request you to arrange for remittance as per details given below:

i Nature of Forex remittance Advance/Collection Payment for import of goods.

ii Amount to be remitted: Currency:

Amount:
Amount In words

iii. Name of the Beneficiary

iv Address of the Beneficiary

v. Beneficiary Bank details:

(Account Number, Name of the Bank,
Address and BIC code to be given )

Vi Consignor of Goods if other than

Beneficiary
vi Brief description of goods to be
imported

Vii HSN Code (Goods Code and Description)

Viii Port of Shipment/Airport of
Shipment/Courier
Ix Port of Delivery/Airport of
Delivery/Courier
x BOE NUMBER
BOE DATE, PORT CODE, BOE AMT
x Proforma invoice No and date
(copy duly countersigned by the importer to
be enclosed). Instead of proforma invoice
copy of contract duly countersigned by the
importer can also be submitted.)
(PLEASE NOTE: ALL THE ABOVE INFORMATION NEEDS TO BE MANDATORILY
SUBMITTED FOR PROCESSING THE TRANSACTION)
2. In connection with the above advance remittance for imports we certify/ undertake as under:

a. We undertake to ensure that import of goods covered by the above remittance will be
completed within the time prescribed by Reserve Bank of India ( presently six months from the
date of remittance for other goods and in case of capital goods 3 years).

b. We undertake to submit to your Bank the evidence of import (Bill of Entry etc) in respect of this
advance remittance, evidencing Import of goods into India, on receipt of goods into to India in
any case not later than 15 days from the closure of relevant period (i.e. 6 months or 3 years as
the case may be).

c. The transaction does not involve countries under US OFAC/EU/UN comprehensive/targeted

sanctions (Russsia, Iran, Syria, North Korea, Myanmar, Sudan, Venezuela & Cuba. 

d. We confirm that we are authorized to import the goods covered under this advance remittance
as per Foreign Trade Policy.

e. Advance remittance for the import is necessary and is as per the contract of sale made between
us and the supplier abroad.
f. In case import does not take place we undertake to arrange for return of the Foreign Exchange
being remitted now.

g. We confirm that the undersigned is authorized signatory for the Company/Firm and is
authorized to sign this application.

3. You may debit our account number C/A,CC,EEFC(USD/EUR)___________________________ for the

equivalent of Indian Rupee towards the above Advance/Collection remittance and also towards your
charges from C/A,CC________________.

Yours faithfully,

Signature with seal and name and designation of the signatory.

----------------------------------------------------------------------------------------------------------------------------------------
For Branch Use:
Date of receipt of the application:
Check:
Proforma invoice /contract copy duly countersigned by importer customer enclosed.
FEMA Declaration enclosed.

Format of letter of undertaking to be furnished by the importer in their letter-head, with the request for advance remittance of
foreign currency for imports of goods into India as per FEMA 1999 Part II item No. A-A.10-(k). The undertaking should be signed
by authorized signatory of the importer with seal and indicating the name of the signatory and designation) This letter is to be
submitted for all advance remittances for imports irrespective of amount of remittance