DI_P0103_new process_ACU_OFAC

(To be submitted by the client who has not given Standing Settlement Instruction)
Date:
Ref:
The Branch Manager,
ICICI Bank Limited,
____________ Branch.
Dear Sir,
Disposal Instructions for the inward remittance.
With reference to your e-mail and/or telephonic intimation dated-------, we furnish be-
low the desired information for disposal of the inward remittance.
1. Details of Inward Remittance:
1 Foreign Currency & Amount

2 Name & Address of Remitter
3 Value date
4 Purpose (Tick √ as applic- Details Code
able)
(a { } Exports other than ad-
) vance payment (give bill no)
(b { }Shipment to be made within 12
) months of receipt (EG-SAPE)
{ } Manufacture & Shipment to be
{ } Advance payment made after 12 months of receipt.
against exports (APE) (Tick √ (EG-MAPE)
as applicable) { } Long term advance upto 10
years (EG-LAPE)
{ } Merchant Trade-Export Leg (EG-
MTTE)
(c { } Capital account receipts
)
(d { } Other receipts (Not
) covered in above)
Note: Where the purpose of inward remittance is as per para 4 (b) to (d) above,
additional documents required if any, in consultation with the branch be also
submitted.
We hereby declare and represent that the underlying transaction for which inward re-
mittance has been received does not include:
• Any person/ entity sanctioned by OFAC, European Union, UK HM Treasury,

United Nations, India and/ other such authorities/ countries
• A sanctioned country viz Myanmar*, Iran, North Korea (Democratic People’s Re-
public of Korea), Cuba, Syria or Sudan
* In case of transactions involving Myanmar, the available underlying documents (e.g.

Proforma invoice, bill of lading, etc.) to be submitted for processing the inward remit-
tance
2. Where the shipment of goods is to be made within one year from the date of re-
ceipt of advance payment, we hereby confirm and undertake that;
1. the shipment of goods will be made within one year from the date of receipt of
advance payment and shipping documents will be routed/submitted to the Bank
within 21 days of the date of shipment;
2. the rate of interest, if any, payable on the advance payment does not exceed
London Inter-Bank Offered Rate (LIBOR) + 100 basis points;
3. In the event of our inability to make the shipment, partly or fully, within one
year from the date of receipt of advance payment, no remittance towards re-
fund of unutilized portion of advance payment or towards payment of interest,
shall be made after the expiry of the said period of one year, without the prior
approval of the Reserve Bank.
4. The export advance will not be used for repayment of loans availed of from In-
dian Banks.
5. Please find enclosed the Underlying bill copy/Confirmed order copy/Agreement
copy/Contract Copy clearly defining the expected date of shipment to the Bank
along with this instruction.
3. Please arrange to credit the said inward remittance in the following manner.
S/ Particulars Cur- Amount

No rency
(a) Adjust EPC No.______________, if any
(b) Credit to EEFC or Foreign Currency Account
No.___________________
(c) Credit the balance and/or full amount into operat-
ive account No._______________ at the exchange
rate, if already contracted, & given in para 4 be-
low.
Note: Any one or two or three of the above options may be applicable. Please
complete accordingly.
4. Details of Exchange Rate Contract, if any.
Sr. Particulars Ex- Cur- Amount

No. change rency
Rate
(a) Deal ID No.________________ booked
on_______
(b) Utilization of Forward / Option Contract
No.___________ booked on _________.
(c) Balance amount/ full amount ( if no deal -XXX-
and/ or forward contract booked) be
taken at prevailing exchange rate
Note: Any one or two or all of the three options as given herein above may be
applicable. Please complete accordingly.
We shall supply the additional information/ documents required if any, in the matter
upon hearing from you. Your charges may be debited to our account No.______________
with you.
Thanking you.
Yours faithfully,
for _______________________________
Authorized Signatory / (ies)

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(To be submitted by the client who has not given Standing Settlement Instruction)

Disposal Instructions for the inward remittance.

1. Details of Inward Remittance:

1 Foreign Currency & Amount

• Any person/ entity sanctioned by OFAC, European Union, UK HM Treasury,

* In case of transactions involving Myanmar, the available underlying documents (e.g.

S/ Particulars Cur- Amount

4. Details of Exchange Rate Contract, if any.

Sr. Particulars Ex- Cur- Amount

Authorized Signatory / (ies)

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