Import and Export

Imports are foreign goods and services bought by residents of a country in line with the rule of the land and payments undertaken through banks and financial institutions. LVBs import services include Issuance of Documentary Credits (DCs), Import Bill Collection Services, Direct Import Bills, Advance against Imports and Buyer's Credit / Supplier Credit.

1. Issuance of Letter of Credit

Letter of credit are trusted mechanism for settling trade transactions. Lakshmi Vilas bank offers a gmut of services to meet your letter of credit requirement. We also structure letter of credit to suit your specific transaction requirement.

2. Import Bill Collection Services

Bills under collection provides excellent solution in lowering costs and expediting process, while maintaining control over transfer of goods and funds. Lakshmi Vilas bank provides you efficient and hassels-free import document handling and faster remittance to your suppliers overseas through our strong foreign correspondent network.

3. Direct Import Bills

You may receive import documents directly from the overseas suppliers subject to conditions prescribed by Reserve bank of india. Lakshmi Vilas bank ensure quick and efficient settlement of your direct import bills through our strong correspondent bank network.

4. Advance against Imports

If your payment terms with your suppliers overseas are advances,we can guide you on varioius provisions under FEMA and assist you in efficient and faster remittance to your supplier at competitive rates

5. Buyers Credit / Suppliers Credit

You can make use of global interest rate arbitrage and take benefit of lower interest rate in overseas markets. Lakshmi vilas bank's strong network correspondent banks helps you to getting cheaper finance for your import liabilities by way of Buyer's Credit.

Exports are Domestic goods and services sold by residents of a country to overseas in line with rule of land and payments received through banks. LVBs export services include Export Bill Collection Services, Pre-Shipment Credit / Post- Shipment Credit, Export LC Advising and Export LC confirmation.

1. Export Bill Collection Services

Routing your bills through Lakshmi Vilas Bank ensures hassle free collection of export proceeds through our corresponent newtwork. Document compliances checks are done by well experienced and certified proffessionals. We have tie-up with internationally reputed courier agencies to ensure prompt, efficient and timely dispatch of your documents.

2. Pre-shipment Credit / Post-Shipment Credit

We provide export financing services in foreign currencies and indian rupees to meet your financing requirements in different stage of Exports.You can avail our pre-shipment finance in the form of Export Packing Credit (EPC) to enable you to finance purchase or import of raw materials, processing and packing of goods meant for exports. Post shipment, you can get your export documents discounted/purchased or get rupee advance against export bills sent on collection / under LC at competitive interest rates. We also offer negotiations, of bills under LC bills without recourse to be beneficiary at a competative pricing.

3. Export LC Advising

The Export LC issued in your favour is checked for authenticity and completeness and couriered across to your door step. You can simply advise your buyer to route the advising of LC's through Lakshmi Vilas bank to ensure timely delivery. Our expert advisory team can help you understand the LC terms and assist your documentation preparation.

4. Export LC Confirmation

LC's issued by foreign banks are confirmed through us to the exporter in India, who may or may not be our customer. Once we add our confirmation to the Letter of Credit , your payment is guranteed against complying presentation.