Submission of Bill of Entry to bank

Shankar Sharma (510 Points)

15 October 2021  

Earlier, as a proof of import, we were submitting the exchange control copy of bill of entry (BOE), to our bankers, who had made the foreign exchange remittance. But now there is no such exchange control copy. The BOE is available on line in RBI portal on daily basis and is available to bankers for download. But our bankers are insisting for us to submit the BOE copy. We as importers, do not receive any hard copy of the BOE. Is it enough if we forward the soft copy to bankers? or is there any other document to be submitted?