The requirement is usually a 40 percent down payment (60 percent Loan-to-Value). Also, the buyer needs to show liquid assets that is usually based on a multiple of the monthly payments. Since financing is in the U.S., the buyer would have to pay about 2 percent mortgage tax. ...
L/C value in foreign currency; Terms of sale; Name and address of Importer/ Consignee; Bill of Lading/Railway Receipt/Airway Bill/Truck Receipt/Post Parcel Receipt no. and date; Port of Shipment/Post Office of Dispatch; Land Custom Post; Shipment Date; Name of the Exporter with address; ...
‘Foreign remittance’ means purchase and sale of freely convertible foreign currencies as admissible under Exchange Control Regulations of the country. That means transfer of find from one place to another place in foreign currency. Foreign remittances pay a significant role in contributing to the gro...