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Payment Acceptanceletterforimportbills

This document is a payment/acceptance letter for import bills addressed to YES Bank, detailing the authorization to debit the company's account for the payment of an import bill. It includes a declaration regarding the import's compliance with foreign trade policies and an undertaking to provide evidence of import within three months. The letter also outlines the necessary attachments and confirms the signatory's authority to make such declarations on behalf of the company.

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dontamil.1989
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21 views1 page

Payment Acceptanceletterforimportbills

This document is a payment/acceptance letter for import bills addressed to YES Bank, detailing the authorization to debit the company's account for the payment of an import bill. It includes a declaration regarding the import's compliance with foreign trade policies and an undertaking to provide evidence of import within three months. The letter also outlines the necessary attachments and confirms the signatory's authority to make such declarations on behalf of the company.

Uploaded by

dontamil.1989
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Payment / Acceptance letter for Import bills

(On letter head of company)

To, Date: __________________


YES Bank ltd,
_________________Branch

Payment/ Acceptance and release of document received under your bill reference no ______________ and
authorization to pay on due date of documents ________________________.

We accept the document and authorize you to debit our EEFC account no./Current account no./Cash
Credit account no.(______________________________) for ______________________ (Amount of the bill
inclusive of foreign bank charges, if applicable) and account no._______________________________ for
our charges (In case payment is through EEFC Account).

The details of Forward Contract(s), if any, booked against this payment is/are as follows –
Forward contract no. & Forward contract / Amount to be utilized Due date of the
date Currency & Amount for this remittance contract

Declaration cum undertaking:


The goods imported by us are (Pls. select any one):
[ ] Not covered under prohibited or restricted list and are freely importable as per Foreign Trade Policy
amended from time to time.
[ ] Restricted for import as per Foreign Trade Policy amended from time to time and original exchange
control copy of the license issued by D.G.F.T. is enclosed.

We undertake that evidence of import (Bill of entry details or Courier Bill of Entry or CA certificate in
case of Non Physical import) will be furnished within 3 months from the date payment.

I/We hereby declare that the above transaction does not involve, and is not designed for the purpose of
any contravention or evasion of the provisions of the FEMA Act 1999 or of any rule, regulation,
notification, direction or order made there under. I/ We also hereby agree and undertake to give such
information/ documents as will reasonably satisfy you about this transaction in terms of the above
declaration. I/ We also undertake that if I/ we refuse to comply with any such requirements or make
only unsatisfactory compliance therewith, the bank shall refuse in writing to undertake the transaction
and shall if it has reason to believe that any contravention /evasion is contemplated by me /us report
the matter to Reserve Bank Of India.

*I / We further declare that the undersigned has/have the authority to give this declaration and
undertaking on behalf of the firm/company.

Documents Attached:
[ ] Accepted Bill of Exchange in case of a Usance Bill
[ ] Original License (Exchange control copy), If applicable

Thanking you,
Authorized Signatory Date: _________________
Company Stamp / Seal Place: _________________

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