Import Finance – LC, Documentation and Import Process (India)
Introduction
Learn how import transactions work from payment to documentation and compliance.
This course provides a practical understanding of import finance, including Letters of Credit (LC), import documentation, RBI regulations, and risk management. It is designed to help professionals and businesses handle import transactions efficiently and avoid costly errors.
What You Will Learn
- Import finance process in international trade
- Letters of Credit (LC) for imports
- Import documentation and compliance
- RBI and FEMA regulations for imports
- Funded and non-funded facilities
- Risk management in import transactions
- Handling complex cases like high-sea sales and replacement imports
Course Highlights
- Practical approach to import transactions
- Focus on LC and real documentation
- Covers RBI and FEMA compliance
- Includes real-world scenarios
- Designed for Indian trade environment
Who Should Enroll
- Importers and business owners
- Trade finance professionals
- Bankers handling import transactions
- Compliance and finance professionals
- Students entering trade finance
Benefits of the Course
- Understand import finance practically
- Avoid errors in documentation
- Ensure compliance with RBI and FEMA
- Manage risks in international trade
- Improve career opportunities in trade finance
Course Deliverables
- Access to SIFL Learning Platform
- Study material (soft copy + audio)
- Video explanations
- Mock assessments
- Final certification test
Course Modules
Introduction to Import Finance
Role of import finance in global trade
Key participants: importers, banks, regulators
Trade transaction flow
Funded Facilities
Cash credit and working capital
Term loans for capital imports
Use cases in different industries
Non-Funded Facilities
Letters of Credit (LC) – types and usage
Bank guarantees in import transactions
Funded vs non-funded comparison
Import Documentation
Bill of Entry, invoices, packing list
Outward Remittance Message (ORM)
Customs clearance process
Regulatory Compliance
FEMA rules for imports
Importer Exporter Code (IEC)
RBI reporting and IDPMS
Risk Management
Exchange rate risk and hedging
Supplier risk and due diligence
Common documentation errors
Special Import Cases
High-sea sales transactions
Replacement imports
Import of digital/non-physical goods
Trade Credits & ECB
Supplier’s credit and buyer’s credit
Usance periods
ECB in import financing
Advanced Import Topics
Diamond Dollar Accounts
EEFC accounts
Import of capital goods and aircraft