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Export Remittance Risk Notice

The letter requests that IndusInd Bank process an inward remittance for an export transaction despite risks. It acknowledges that the remitter's country may face sanctions or externalization problems. The customer agrees to indemnify the bank against any losses resulting from the transaction and certifies that it is not on the Reserve Bank of India's caution list. It confirms the goods were shipped to the specified destination.

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449 views1 page

Export Remittance Risk Notice

The letter requests that IndusInd Bank process an inward remittance for an export transaction despite risks. It acknowledges that the remitter's country may face sanctions or externalization problems. The customer agrees to indemnify the bank against any losses resulting from the transaction and certifies that it is not on the Reserve Bank of India's caution list. It confirms the goods were shipped to the specified destination.

Uploaded by

PrinceSadhotra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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To be submitted on Customer’s Letter Head)

Our IE Code:

The Branch Manager


IndusInd Bank Ltd.
________________ Branch

Date:

Dear Sir,

Our Inward remittance against exports / advance payment against exports     -

Foreign Currency, Amount


Overseas Buyer, Address, Country
Port of Loading / Country of Origin
Invoice Number and date
BL / AWB Number and date
Tenor, Due date
Commodity / Service

In respect of the above inward remittance, we know our counter party and their nature of
business and aware that the country of remitter falls under list of sanctioned countries / with
externalization problems, and as such, transaction may be under regulatory scanner of other
banks / countries including chances of seizure / blockade of payment proceeds by Banks /
countries involved in the chain of payment mechanism.

We hold IndusInd Bank Ltd indemnified against any consequential losses, charges, damages,
collateral damages due to this inward remittance transaction.

We request you to process this inward remittance transaction as per our request, at our sole risk
and responsibility, and agree to bear all direct or indirect costs thereof. 

We certify that we are not included in the Caution List of the Reserve Bank of India.

We confirm that the goods are shipped to the specified areas of .

                         

          ………………………………………………….....
                                                                     (Signature of Exporter or Authorised Signatory/ies)

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