A facility for remitting payment to an overseas supplier against a Proforma Invoice issued by the foreign beneficiary/supplier or its locally registered agent. The Proforma Invoice should clearly specify the description of goods, HS Code, quantity, unit price, total value, shipment schedule and ports of loading and discharge. Where applicable, the requirement for 100% advance payment should be clearly stated in the Proforma Invoice.
As per prevailing Foreign Exchange regulations, Bank's Schedule of Charges and applicable terms.
Eligible importers with valid import registration and an acceptable underlying trade transaction, subject to applicable regulatory and Bank requirements.
Proforma Invoice, IRC, TIN, BIN/VAT registration, import-related documents, application for remittance and other documents required under applicable regulations and Bank policy.
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