There are many of us who want to do business in import and go around the place to get information on this, for them, this post is ours today. This post for you wrote our great brother "Mahmud Hasan Khan" for him, I am writing this post to you.
In fact, it is understood that importing goods from one country to another country can be imported, and for importing this, you have to make LC or Letter of Credit, which is called the Italian language creditor. So let's see how this LC is made.
To make LC, the first thing you need to do is tinkle your company. Then go to the bank and open the account in the name of the company. After that, the LCA form must be filtered and submitted to the bank by the bank. Here are some info (for example: what is the product, how much price will come from any country) I am continuously giving more details:
Stage 1: Trade license of the company, tin, VAT. IRC (Import Regards: CERTIFICATE).
-Step 2: The bank account of the bank.
Step 3: Collect the contents of the product that you want to bring (say, you will get 15 ton newsprint paper from Korea, now you can get a document by going to the Bangladesh representative of the company from the company and get the price quote, and this is an indent. If you do not have a representative, then he should mail directly to the company and fix the cost of the document, then it is called PI or Prafara. Voice. The product details, prices, port of shipment is the tatradi.)
- Step 4: Collect the LCA (Letter of Credit Application) form from the bank and complete it according to Indent / PI and submit it to the bank.
Stage 5: Submitting LC Margin. Initially, the bank will have to pay the full amount. Suppose LCV is $ 20,000. You have to deposit 16 lakhs in the bank. However, gradually increasing the business with the bank, LC should be opened with 10-20% margin. There should be some other documents with money. Such as:
- All the paperwork on your company (Trade license, Tin, Croce, IRC)
- 3/4 copies of indent / pi.
- Supplier company's bank credit report
- Insurance cover note (showing any indent in any insurance company will be paid by the fee)
The diameter became. Then the bank will give you a copy of LC. Originally sent to the supplier abroad
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