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Advance against undrawn balance:

In certain lines of export it is the trade practice that bills are not to be drawn for the full invoice value of the goods but to leave small part undrawn for payment after adjustment due to difference in rates, weight, quality etc. to be ascertained after approval & inspection of the goods.

Banks do finance against the undrawn balance if undrawn balance is in conformity with the normal level of balance left undrawn in the particular line of export subject to a maximum of 10% of the value of the export and an undertaking is obtained from the exporter that he will, within 6 months from due date of payment or the date of shipment of the goods, whichever is earlier surrender balance proceeds of the shipment.

Against the specific prior approval from Reserve Bank of India the percentage of undrawn balance can be enhanced by the exporter and the finance can be made available accordingly at a higher rate. Since the actual amount to be realized out of the undrawn balance, may be less than the undrwan balance, it is necessary to keep a margin on such finance.



About Us:
At Sahyog Group, We pride ourselves in being a one stop shop service provider for a complete range of services.

These include the following:
  • Setting up of a most suitable type of business organization
  • Securing registration with the Regional Licensing Authority (IEC No.), Export Promotion Councils, Sales  Tax Authorities etc.
  • Understanding of new Foreign Trade Policy & procedures
  • Obtaining credit limit for the buyer/buyer's country from ECGC.
  • Preparing / Obtaining Export documents
  • Shipping & customs clearance of the goods and Indian customs EDI system.
  • Obtaining export incentives under the Duty Drawback Scheme, marketing development Assistance , Focus  
  • marketing scheme, Focus products scheme, license etc.

For more details, please contact Sahyog Group at:
Mobile: +91-9811157957
Phone: +91-11-22015854 / 55 / 56

Skype: sahyoggroup
E-mail: raj@sahyogfreight.com