Export Bills definition
Export Bills means all export bills having a usance not exceeding 180 days purchased/negotiated/discounted by the borrowing bank under letters of credit or otherwise which are drawn in India or any country outside India which is a member of the International Monetary Fund or any other country notified in this behalf by the Bank in the Gazette of India would be eligible for inclusion in the declaration to be furnished by it.
Examples of Export Bills in a sentence
Commission for Import and Export Bills charged at 1/4% on the first USD50,000.00 or equivalent and 1/16% thereafter shall be paid per each transaction.