Documents

Documents  Required

 

Defining System of Letter of Credit Documents of Importer Step

 

Step 1

3 years balance sheet, statement for 6 months with full bank details, bank sanction letter if you enjoy any type of limit/ benefits.

Date of establishment/ incorporation, name of the key person for contact and his address and phone number/mobile number, fax number & email.

A copy of company income tax return, b) pan card, c) sale tax number, d) CST no., e) vat company registration, f) IE code number, g) memorandum of association & articles of association of company, h) brief activities of company.

Any other loan or any facility from other sources.3.

Step 2

Performa Invoice of the Exporter Company.

Step 3

Deposit of Margin money of the PI (Performa invoice) 20% of PI in the favor of coordinating Indian Company.

Step 4

Open L/C (Letter of Credit) in favor of the supplier (Exporter) on behalf of Indian importer. L/C Will be opened from Standard Chartered Bank with applicant of Hong Kong party.

Step 5

Goods will be dispatched directly to India (as mentioned in L/C) Indian Importer (party) will be Notified party.

Step 6

Once the material dispatched to India and document from Exporter, will go to Hong Kong Applicant party. Applicant party will retire the documents and pay at sight.

Step 7

Once the material dispatched to India and document from Exporter, will go to Hong Kong Applicant party. Applicant party will retire the documents and pay at sight.

Step 8

India facilitator returns the margin money and replace with post dated cheques with 100% Value plus commission as applicable.