Export collection mandatory in India?

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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picant
Posts: 1945
Joined: Wed Aug 20, 2008 1:49 pm

Export collection mandatory in India?

Post by picant »

Hi Folk,

received a notice that Reserve Bank of India imposes export insurance to exporter and prohibits
open account transaction, that must be routed to bank collection.
Any news, thank you
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