Letter of Credit - Urgent

Others 3600 views 6 replies

nafis

Account Executive

48 Points Joined October 2007

Can any one send me Procedure & Format of Letter of credit with bank.
nafis_naf_na @ yahoo.co.in

Replies (6)

Prakash Popat

3134 Points Joined June 2007

Depend upon Your Bankers,and your Past performance with Bankers Banker's may grant you Letter of credit with or without margin,Procedure parts will taken care of by your bankers.

CA. Dashrath Maheshwari

TaXpert

15116 Points Joined September 2007

Be clear that u require format of FLC or ILC and plz write the name of bank where you wanna open the same.

SUDHIR BANSAL

senior accountant

114 Points Joined September 2007

CANARA BANK

DEAR NAFIS, U HAVE TO FILL:- 1. LC OPENING FORM.(BANK WILL PROVIDE0 2.FORM A-1(PURCHASE FROM JAINA BOOK AGENCY 3.PROFORMA INVOICE COPY. 4.FEMA DECLARATION(FORMAT FROM BANK) 5. U MUST HAVE IMPORTER EXPORTER CODE. 6.VALUE OF ONE PROFORMA INVOICE SHOULD NOT BE MORE THAN 40 LACS. 7. INSURANCE COVER NOTE. 8. READ LC OPENING FORM CAREFULLY THEN IT WOULD BE BETTER UNDERSTOOD. REGARDS AJAY AHUJA

AJAY AHUJA

BUSINESS

49 Points Joined September 2007

Kailas Patil

Astt. Manager

22 Points Joined June 2009

Originally posted by :AJAY AHUJA
"	DEAR NAFIS, U HAVE TO FILL:- 1. LC OPENING FORM.(BANK WILL PROVIDE0 2.FORM A-1(PURCHASE FROM JAINA BOOK AGENCY 3.PROFORMA INVOICE COPY. 4.FEMA DECLARATION(FORMAT FROM BANK) 5. U MUST HAVE IMPORTER EXPORTER CODE. 6.VALUE OF ONE PROFORMA INVOICE SHOULD NOT BE MORE THAN 40 LACS. 7. INSURANCE COVER NOTE. 8. READ LC OPENING FORM CAREFULLY THEN IT WOULD BE BETTER UNDERSTOOD. REGARDS AJAY AHUJA	"