Payments stuck, exporters seek government’s support

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When a local manufacturer ships consignments to its overseas client, it is supposed to produce shipment related documents including invoice, and bill of lading to the local bank in India. This local bank in turn is supposed to send physical copies to the consignee’s bank account overseas that provides the letter of credit.

from Stocks-Markets-Economic Times https://ift.tt/2WXXSOo

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