Import Finance and Handling of Imports

INR ₹4,999 - Inaugural Offer : INR 999
USD $100 - Inaugural Offer : USD $15
LMS Availability: 30 Days.

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Programme- Import Finance and Handling of Imports

  • Definition and importance of import finance in international trade.
  • Key players: importers, exporters, banks, and regulators.
  • Role of banks as intermediaries in trade transactions.
  • Cash Credit: Short-term working capital for importers.
  • Term Loans: Financing for importing capital goods and long-term assets.
  • Examples of industries leveraging funded finance for import transactions.
  • Letters of Credit (LCs): Mechanism, benefits, and types (sight and usance LCs).
  • Bank Guarantees: Usage in import transactions and deferred payments.
  • Differences between funded and non-funded facilities.
  • Definition and process of high-sea sales transactions.
  • Documentation requirements, including transfer of title and bills of entry.
  • Benefits for importers in terms of flexibility and risk management.
  • Managing defective or damaged goods during transit.
  • Process of initiating replacement imports while maintaining compliance.
  • Role of insurance in mitigating risks.
  • Unique challenges in importing software, licenses, and digital goods.
  • Documentation requirements: Chartered Accountant (CA) certificates and invoices.
  • FEMA guidelines for import finance transactions.
  • Importer Exporter Code (IEC): Importance and application process.
  • RBI reporting requirements and IDPMS compliance.
  • Managing exchange rate risks using hedging and forward contracts.
  • Ensuring supplier reliability through credit reports and due diligence.
  • Common discrepancies in import documentation and how to address them.
  • Overview of critical documents: Bills of Entry, invoices, and packing lists.
  • Outward Remittance Message (ORM): Linking payments with transactions.
  • Customs clearance process and associated documentation.
  • Types of trade credits: Supplier’s credit and buyer’s credit.
  • Usance periods for deferred payments in import transactions.
  • Role of ECBs in funding high-value imports.
  • Standard remittance deadlines under RBI guidelines.
  • Exceptions for specific industries or transactions.
  • Minimum coverage (110% of CIF value) and additional risk coverage options.
  • Role of insurance in safeguarding high-value imports against strikes, theft, or non-delivery.
  • Understanding devolved LCs and their impact on importers.
  • Legal recovery actions and sale of imported goods in case of default.
  • Specialized accounts for importers: Diamond Dollar Accounts and Exchange Earners’ Foreign Currency Accounts (EEFC).
  • Import of aircraft, helicopters, and capital goods: Advance remittance rules.
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