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Trade Notice No.2/2019-20

Federation of Indian Export Organisations

(Set up by Ministry of Commerce, Govt. of India)

Niryat Bhawan, Rao Tula Ram Marg

Opp. Army Hospital Research & Referral, New Delhi-110057

 

Trade Notice No 2/2019-20

November 19, 2019

 

To: All Members

 

Subject: Corrigendum to Trade Notice 1/2019-20

 

Reference is invited to Trade Notice 1/2019-20 dated 18th November 2019 regarding Standard Operating Procedure (SOP) for payment of Freight & Freight related Charges for Exports. It has been sought by Stakeholders to clarify AD banks. Via this Trade Notice, Point No III (4) and III (5) of the SOP are revised as under:

 

III (4) Exporters perform the A2 remittance o­n the basis of the freely convertible foreign currency invoice received from Shipping Lines / others and submitting required documents with AD (Form A2, Form 15CA/CB). The SWIFT copy of remittance to be shared with the Shipping Line o­n the same day by AD Bank (except co-operative banks) / Exporter.

 

III (5) Upon receipt of acknowledged copy of SWIFT, the Shipping Lines to issue Bill of Lading (B/L) to the Exporters. This facility however does not apply in the case of Co-Operative Banks.

 


Ajay Sahai

Director General & CEO

 


(F.No FIEO/Study/Infra-I/2019-20)

 
 
Trade Notice No.2/2019-20