ECT
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Application for permission for export of commodities on elongated credit terms beyond 180 days
ECT
(Paragraph6 A.17)
Application for permission for export of commodities on elongated credit terms beyond 180 days
Instruction:
Theapplication complete in all respects should be submitted in duplicate throughthe applicants bankers to the concerned regional office of Reserve Bank ofIndia, under whose jurisdiction the applicant is situate.
| 1. | Particulars of exporter |
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| a) | Name and address |
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| b) | Importer-Exporter |
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| Code Number |
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| 2. | Name and address of the |
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| Overseas buyer |
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| 3. | Particulars of export Contract |
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| a) | Commodity to be exported |
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| b) | Terms of Contract (FOB, |
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| C&F, CIF, etc.) |
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| c) | Quantity |
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| d) | Total Contract Value |
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| 4. | Period of credit required |
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| 5. | Terms of payment: |
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| a) | Whether the export is |
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| covered by irrevocable |
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| letter of credit; if so |
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| name and address of the |
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| opening bank. |
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| b) | If the letter of credit |
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| has been confirmed by |
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| any bank, name of the |
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| confirming bank. |
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| c) | In case the contract is |
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| not covered by letter |
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| of credit, details of |
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| guarantee if any, offered |
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| by overseas buyer. |
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| 6. | Rate of interest: |
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| i) | The rate of interest, |
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| if charged separately |
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| ii) | Element of interest |
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| included in the price |
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| if interest is not being |
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| charged separately |
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| 7. | Exporters past experience |
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| regarding repatriation of |
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| proceeds from the concerned |
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| buyer/country |
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| 8. | Whether ECGC have agreed to |
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| provide necessary cover for |
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| the export order in question |
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| 9. | Name and address of the bank |
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| in India from whom credit |
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| facilities are proposed to be |
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| obtained. |
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| 10. | Whether any commission is |
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| payable in respect of the |
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| export order. If so, |
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| a) | Name and address of the |
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| overseas agent. |
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| b) | Rate at which the |
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| commission is payable |
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| 11. | Profitability - A detailed |
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| statement indicating how the |
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| net profit has been arrived |
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| at should be enclosed |
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| 12. | Exporters export performance | Year | Value of | Total | Amount | |||
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| during the previous 3 years |
| Exports | realisation | outstanding | |||
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| made |
| beyond | ||
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| 6 months | ||
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| Rs. | Rs. | Rs. | ||
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| 13. | Any other information |
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| relevant for consideration of |
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| the application |
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| Place: ................................. | ........................................................................ | |||
| Date : ................................. | Stamp |
| (Signature of Applicant/Authorised Official) | |
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| Name: ............................................................ | ||
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| Designation: .................................................. | |||
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| Registration No: ............................................ | |||
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| To be completed by the Exporters bank | ||||
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| 1) | Comments regarding the means and standing of the exporter | |||
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| 2) | Health Code allotted | |||
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| 3) | Credit limits enjoyed by exporter with the bank/other banks | |||
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| 4) | Any other comments | |||
| Place: ................................. | ........................................................................ | ||
| Date : ................................. | Stamp |
| (Signature of Applicant/Authorised Official) |
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| Name: ............................................................ | |
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| Designation: .................................................. | ||
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| Name and Address ........................................ | ||
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| of Authorised Dealer ..................................... | ||