Import Trade & Remittances
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Course Highlights:
Considering the national objective of a USD 5 trillion economy by 2025, Indian banks need to mobilize their manpower to provide Trade Finance on a much higher plateau than at present in order to bridge the demand supply gap. The fact that majority of the work force has less than five years of experience or left over service, banks are experiencing huge knowledge gaps. Considering FEMA’s ever-changing scenario as well as other compliance concerns, desk officers should be capable of delivering the desired results to all stakeholders. In this direction, SIFL is providing a platform for training and improving the skill sets of bank employees.
Benefits of the Programme:
- Increased expertise to the sales & desk officers after completion of the training in this specialized field of Imports & Remittances
- Helps increase the Bank's market share in the highly lucrative Import Trade business, combined with global exposure.
- The program describes various Imports & Remittances related compliance issues that need to be addressed
- Develops Import Trade teams that can tap into large volumes of business in Import Trade, Transaction Banking
Who Should attend?
- All Trade Finance & Transaction banking Sales Team
- All Officers handling Import Trade & Remittances
- Treasury Front Office, Back Office & Middle Office Teams
- Corporate Banking Sales Teams
- Treasury Sales Teams
- Audit, Inspection & Trade Finance Compliance teams
Course deliverables:
- Registration to SIFL Learning Platform
- Course study material prepared by experts( Both print & soft copy)
- Lectures by experts with good experience in Trade Finance
- Pre Training Assessment
- Case Studies on Trade Finance with special reference to latest guidelines
- Post Training Test
- SIFL Certification upon completion of training program
Customised Training:
Our training programs may be customized to meet the specific training and development solutions that match the needs of any organization and teams. Training courses can be delivered onsite, online or through a blended learning approach.
Programme- Import Trade & Remittances
- Trade Credit Policy
- RBI Regulations related to Imports, Role of RBI and DGFT to regulate Imports.
- Appraisal, Analysis and Monitoring of Import Finance.
- Reporting to RBI related to Imports
- Understanding Documentary Credits with types of DCs, establishment of DC, Negotiation under DCs. Uniform Customs & Practices for Documentary Credits (UCPDC) ICC Publication 600. Uniform Rules for Reimbursement.
- Uniform Rules for Collection (URC)
- Advance Payment for Imports
- Evidence of Imports
- IDPMS
- Understanding the Merchant Trade & RBI Regulation
- Conditions for classification as Merchant Trade
- Permitted Goods/Merchandise
- Commencement/Completion dates
- Advance Payment for Export/Import legs
- Time frame (TAT) for MTT transactions
- Write off of unrealized amount of export leg of MTT
- Third party payments
- Merchant Trade to Nepal & Bhutan
- Understanding Trade Credit
- RBI Regulations to Trade Credit
- Buyer’s Credit
- Supplier’s Credit lor Seller’s Credit
- Reporting to RBI
- RBI regulations on ECB- Eligible Borrowers
- ECB Framework & compliance to raise ECB
- Route for sourcing of ECBs
- Understanding various Instruments to raise ECB
- Issuance of Guarantees by Indian Banks & Financial Institutions
- Procedure to raise ECB, Parking of ECB proceeds
- Reporting Requirements
- Powers vested with Authorised Dealers & Special dispensations under ECB Framework
- Remittances for Consultancy Services
- Remittances for Advertisement in Foreign Media
- Remittance of Royalty & Lump-sum fee
- Remittances for purchase/use of Trade Mark/Copyright/Franchise in India
- Payment of collected subscription to overseas TV Media Company
- Payment of fee in Foreign Currency
- Donations by India Corporates
- Remittance towards “Cash calls” for purpose of Oil Exploration in India
- Remittances towards ‘Pre-incorporation expenses’ and ‘ On winding up of operations’
Programme Director
Mr. Anil Jain
Mr. Anil Jain is the former Asset. General Manager of Bank of Baroda. He is a veteran banker with extensive experience in retail banking, financial markets, and treasury operations in India and abroad.
