Consignments |
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Consignment sales are allowed by the Exchange
Regulation only for perishable items such as green
house products (flower, herbs, etc.), animal
carcass, etc.
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Documents required for
Permit Approval |
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a) Duly signed contract by seller & buyer
b) Undertaking letter of our customer that
consignment will be settled within a maximum of 90
days from date of the Foreign Exchange Permit.
c) Seller's invoice
d) Export License Valid for the year
e) Tax registration certificate (TIN certificate)
f) Export permit application form duly filled,
signed & stamped (as appropriate) by the customer.
g) NBE issues delinquent list of exporters
periodically. Customer’s name should not appear in
the delinquent exporters 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) Exporter should know foreign counter part as
detail as possible with regard to financial
soundness, reliability, integrity, full address,
etc.
b) Sales/Purchase contract should exist between the
two parties (importer and exporter).
c) Follow up of payment should be done by exporter
as nonpayment or even delay of remittance above 90
days will put name of exporter in delinquent list
freezing further exports until proceeds are
received.
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