payment from over seas buyer

[MUKUND THAKKAR]

one  company  want  need  the material  in india, and  company will paying  the material value in US $. this  type  of  transcation which documents  is  require  from buyer,

for   getting   it  the  foreigen currency which documents  need to submit with the  to bank by supplier. 

AI Summary

Foreign currency receipt for import payments: banks require documentary evidence including IEC, invoice and bill of lading.
The query concerns an import where a foreign buyer will pay in foreign currency; to realize such payment the supplier/importer must present standard import and shipping documents to the bank, notably Importer Exporter Code with BIN, Advance Authorization/EPCG if applicable, commercial invoice, packing list, quality/quantity certificate, certificate of origin, and bill of lading or airway bill.