| Impots : Types of Transactions |
Charges |
Opening of Import Letter of Credit
a)
Commitment charges
b) Usance charges
c) Plus processing fee Rs.1500/- for adding cinfirmation |
a) 0.15% for every quarter or part thereof.
b) (i) 0.175% for bills up to 10
days sight
(ii) 0.35% for bills over 10 days and up to 3 months sight.
(iii) 0.35% for
the first three months plus 0.0900% for every month in excess of three
months, for bills over 3 months sight.
Note: Applicable on both a & b above
LC upto Rs.5.00crores: normal rate
LC above Rs.5.00crores & upto Rs.10.00 crores -Upto Rs.5.00 crores - Normal rate + For amount in
excess of Rs.5.00 crores - 50% of normal rate
LC above Rs.10.00crores
-upto Rs.5.00 crores - normal rates + For amount in excess of Rs.5.00 crores
& upto Rs. 10.00 crores - 50% of the normal rates + For amount in excess of
Rs.10.00 crores - 25% of normal
rates.
Min. Rs. 600/= for all customers. |
Amendments to L/C
a. Extension of validity of L/c within 3 months period
for which commitment charges has been collected
b. Where extension of validity of credit goes beyond 3
months
c. In case of enhancement of
value of credit
d. In case of
amendment extending the tenor of the Bill of Exchange
e. Amendment other than extension of validity or
enhancement of tenor of the Bill of Exchange
f. For revival of expired L/cs within 3 months from date
of expiry. |
a. Rs. 700/= for all customers.
b. Commitment charges, as applicable to establishment of LCs; Min. Rs. 700/=.
c. Usance and commitment charges as applicable to establishment of LC.
d. Normal
usance charge plus additional usance charges at 0.09% per month or part
thereof.
e.
Rs. 700/= flat for all customers.
f.
Commitment and usance charges
from the date of expiry of the validity date of the revived L/C |
3.Countersigning bills of exchange drawn on
importers under L/Cs
|
0.1% per month, Min. 0.25% for
the tenor of the bill in addition to commitment & usance charges. |
| Commission on import bills (under L/C) |
Charges |
| Foreign currency bills at the time of
crystallization of retirement which is earlier. |
0.125%. |
(i) Import bills received under
L/c on which no exchange benefit accrues to opening bank
(ii)
Charges on account
of discrepant document0.25% |
(i) 0.225%.
(ii)
USD 30/= to be taken from
outside party. |
(i) Rupee bills at the time of
retirement
(ii) If bills are not retired within 10 days from date of receipt
of bills in case of demand bills and on the due date in case of usance bills. |
(i) 0.225%.
(ii)
Additional 0.125%. |
| Commission on Import bills (Not under L/C) |
|
a. Where exchange margin is earned on a foreign currency bill
b. On each bill drawn in Rupees
and on each bill drawn in
foreign currency on which no exchange margin accrues
c.
On bills/documents covering project imports under
Inter-governmental aid scheme (Including those financed by international
agencies like World Bank, IMF, ADB etc.) where no L/C are opened, commission
shall be collected at a flat rate irrespective of the amounts of each
drawing.
d.
In case of documents received by importers directly from overseas
exporter |
a. 0.225% Min. Rs. 600/=.
b.
0.35% Min.
Rs. 1000/=.
c.
0.075%, Min. Rs. 600/=.
d.
Rs. 2500/= for all customers.
Non-customers Rs. 3500/=.
|
| If the overseas remitting bank or the
exporter abroad requests proceeds of collection bills to be remitted in a
currency other than the currency of the bill |
Additional Commission at 0.175%. |
| Parcels |
In all cases Rs.
600/= per month |
