Advance Payment for Import |
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Advance payments are paid only via SWIFT transfer.
Maximum value set for advance payment is USD 5,000.
Advance payment for imports in excess of set amount
requires presentation of First Class bank
unconditional guarantee.
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Documents required for
Permit Approval |
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a) Import application form duly filled, signed &
stamped (as applicable)
b) Proforma Invoice
c) Insurance Certificate
d) Copy of valid foreign trade, investment,
industry, agriculture or mining license.
e) Letter of undertaking for importation of goods.
f) Tax registration certificate (TIN certificate)
g) Application letter for the transfer (i.e. for TT
mode of payment.)
h) Original title certificate for used vehicles.
i) Third party original price confirmation certified
by Chamber of Commerce or equivalent institution for
used commodities.
j) NBE issues delinquent importers list
periodically. Customer’s name should not appear in
the delinquent importers list of NBE for the period.
If the name appears, there should be subsequent list
indicating the given customer has cleared all
outstanding items at NBE.
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Expectations from importers on CAD basis |
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a) Once payments are done by SWIFT, it is totally
impossible to get back fund. Therefore, importers
should know the correct prevailing account name,
account number and bank name of the exporter.
b) The bank does not have any role after advance
payment is effected.
c) Importer should make sure entry of consignment to
the country. Delays in reporting entry of
commodities may end up in name of the importer to
appear in importers delinquent list of NBE – making
further imports impossible.
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