Communication to be taken from customer towards advance against exports

Date :-
_________
_________

Dear Madam / Sir,

Subject - Export Advance payments

We understand that you have received an inward remittance as Advance against for your export order.

We hereby inform you the requirements as per extant RBI’s regulations:-

1 Your Import Export Code (IEC)

2 Inward reference number
3 Foreign Currency and Amount
4 Remitter Name and Country
5 Kindly share the below applicable details for your above inward -
Advance payment against Exports where
shipment would be done within one year
from date of advance
Advance payment against Exports where
shipment would be done AFTER one year
from date of advance *
Advance payment against Exports where
advance is for long term advance *
Export Merchanting Trade payment receipt - Please provide bill lodgement reference
not advance
Advance towards Export Merchanting Trade
Other receipts not covered above
FCY________Amount________________
Remitter Name_________________________
Country________________
Please provide proforma invoice reference
number Mention last date of shipment as per
Pro Inv / order
Please provide proforma invoice reference
number
Mention last date of shipment as per Pro Inv /
order
Please provide proforma invoice reference
number
Mention last date of shipment as per Pro Inv /
order
number
Please provide Invoice and Import payment
reference number
Please provide details of the transaction and
details of underlying documents eg invoice no,
sales contract ref no etc

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With reference to the above inward remittance received by you for credit to our account, we hereby
confirm and declare that –

1. The above remittance is towards …………% advance payment for export of goods/services to be
done by us.

2. The related export documents, alongwith Customs verified GR/Shipping Bill, (or STPI verified
SOFTEX forms in respect of software exports), will be submitted by us to you within 21 days of
shipment/export, and in any case, latest by…………………………………

3. We further undertake to comply with all applicable provisions of Foreign Exchange Management
Act, 1999, Foreign Trade Policy 2015-2020, and all other relevant statutory/ regulatory provisions
in this regard.

4. The related export transaction does not and will not involve any OFAC sanctioned country/ entity
at any stage.

You are requested to process the above inward remittance based on our above declaration and credit the
proceeds, net of applicable charges, to our above mentioned account.

Yours faithfully
For ……………………………………..

Authorised Signatory
Name
Designation
Contact details

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