APPLICATION FOR ACCEPTANCE/PAYMENT OF IMPORT
BILLS (UNDER COLLECTION/LETTER OF CREDIT)
(To be completed by the applicant in block letters)
ACCEPTANCE ADVISE PAYMENT INSTRUCTION (*BOE Mandatory)
BRANCH NAME SOL ID
CUSTOMER ID
Name & Address of the
Importer
We acknowledge the receipt of your Import Bill Presentation Memo dated ____________ for the import bill received at
your end on our behalf and as detailed below.
LC Number (if
Bill Ref. Number
applicable)
Bill Currency Bill Amount
Bill Currency & Amount
in words
Due date/Accepted DP/SIGHT
Maturity of the Bill
DA/USANCE
Drawer /Seller of the Bill Presenting Bank Details
For DP/SIGHT BILLS
We hereby accept the bill/documents and request you to pay the bill by debiting
our account (details given below). We also confirm that we accept the discrepancies, if
any, in the documents.
We hereby accept the bill/documents and unconditionally confirm our acceptance
For DA/USANCE BILLS for making the payment on due date/maturity of the bill as mentioned above by debiting
our account (details given below). We also confirm that we accept the discrepancies, if
any, in the documents.
I/ We authorize you to debit my/our below mentioned account the equivalent amount of the remittance and all
your charges.
SB/CA/CC/OD A/c No
EEFC/DDA A/c No
Following Forward Contract /DEAL booked by me/us shall be utilised for this remittance
Booking
FWC / DEAL Number
Date
FWC/ DEAL Amount Due Date
Amount to be
FX Rate FWC/DEAL
utilised
I hereby declare that all the information mentioned above is correct. We request you to release the original documents to
us for taking delivery of the goods, against payment/acceptance.
Date Signature of Remitter / POA (or) Mandate Holder /
Authorised Signatory with Company/Firm’s Seal
The declaration-cum-undertaking under Sec 10(5), Chapter III of FEMA, 1999
I/We hereby declare that the transaction details of which are mentioned above does not involve and is not designed for the purpose of any
contravention or evasion of the provisions of the aforesaid Act or of any rule, regulation, notification, direction or order made thereunder. 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 requirement or make only unsatisfactory compliance therewith, the Bank
shall refuse 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 RBI. I/We further declare that the undersigned has the authority to give this application, declaration and undertaking on behalf of the
firm/company.
Declaration -cum-undertaking - General
I/We confirm that the goods being imported by me/us are not covered under Negative list of imports as per the latest Foreign Trade Policy (as amended
till date) notified by Government of India, Ministry of Commerce & Industry, Department of Commerce, Directorate General of Foreign Trade, New
Delhi. I/We are eligible to import the above-mentioned goods under the current Export and Import Policy in place. I/We confirm that said goods
imported/being imported by me/us are not restricted for import through specific licensing under the above-mentioned policy and amendments.
OR
Original Exchange control copy of the License number ______________ dated_________ for the amount of ____________ is enclosed. I/We declare
that the license is valid and have not been cancelled by the DGFT. (In case item is under Negative List of import). I/We declare that the goods to
which the application relates are/will be imported into India on my/our account.
I/We declare that the invoice value of the goods imported/being imported into India is the real value of the goods. * I/We undertake to submit the
custom stamped Exchange Control Copy of Bill of Entry/Copy of Bill of Entry (in case of IDPMS)/ Courier Bill of Entry/ wrapper/ Postal Appraisal Form/
Custom Assessment Certificate/ CA certificate (in case of Service Export/Import) as an evidence of import of the said goods within the stipulated time
and in case of DA/usance bill on or before its retirement.(applicable for DP Bills)
I/We further declare that we have not made payment against the same invoice/contract through any other AD Bank. I/We agree that in the event of
transaction could not be executed/debited to my/ our account after submitting the request for processing to the bank on account of insufficient/ unclear
balance at the same time of execution of the transaction in my/ our account any exchange losses incurred in this connection due to reversal of the
Forex deal can be charged to my/our Account with you. I/We agree that in the event the transaction is cancelled or revoked by me/us after submitting
the request for processing to the bank any exchange losses incurred in this connection can be charged to my/our account. I/We further agree that
once the funds remitted by me/us have been transmitted by you to the correspondent and/or beneficiary banks, you shall not be responsible for any
delays in the disbursement of such funds including the withholding of such funds by the correspondent and/or beneficiary banks. I/We further agree
that once the funds remitted by me / us have been transmitted by you, intermediary Bank charges may be levied by Correspondent and / or Beneficiary
Banks, which may vary from bank to bank. I/We agree that in the event the transaction being rejected by the beneficiary bank because of incorrect
information submitted by me, any charges levied by the beneficiary bank or exchange losses incurred in this connection can be charged to my account.
I/We also understand that if I/we refuse to comply with any such requirement 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 in contemplated by me/us, report that matter
to the RBI/ED. I/We also agree that the exchange rate will be applicable at the time of deal booking and may vary from the rate prevailing when the
request is submitted. I/we also understand that the rate communicated to us (if any) is an indicative rate and the actual rate may be different from the
same.
I/We hereby confirm that the underlying transaction does not involve any sanctioned entity (Beneficiary/ Shipping line/ Vessel etc.), sanctioned country
and does not violate the provisions of OFAC / US / UN / EU / India and other sanctions that are currently in force., I/we undertake not to hold Federal
Bank responsible for any of its action or inaction in respect of sanction linked transactions
Documents Enclosed:
Accepted Bill of Exchange (If the bill of exchange is more than 90 *Bill of Entry/CBE IV/V No (Mandatory for DA Bills at the time of
days Usance, then the same to be stamped as per the State retirement)
Stamp Act)
Original valid license for import of negative list goods, if applicable BOE - PORT CODE
Import Bill presentation Memo BOE - DATE
Date Signature of Remitter / POA (or) Mandate Holder / Authorised
Signatory with Company/Firm’s Seal
For Office use
We released the original documents against the acceptance of the drafts.
DMS Token You may please update the acceptance of maturity to the remitting Bank.
Number Accepted Draft and copies of the import documents filed and preserved.
We released the documents and enough fund is earmarked in the operative
account. You may please retire the bill and share MT202. Copy of
Bill Ref No. documents filed.
The bill is getting due on _________________ You may retire the bill and
share the MT202.BOE Details obtained & attached.
Transaction
Execution
Date Asst.Manager /Manager Name & Signature of
Principal officer of applicant branch
C
