Import Trade Services

Letter of Credit	Charges/Commission / SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Oct'21)
Letter of Credit FCY issuance (FCY/LCY)	Charges	Documentation charge - INR 1,500 ( If applicable)
	Commission	Fedai charges * / IBA ** Min INR 2,000.
	SWIFT/Courier	FCY - INR 2,000        SFMS / LCY - INR 1,000
Letter of Credit FCY amendment (FCY/LCY)	Charges	NIL
	Commission	FEDAI */IBA **, min INR 1,500         Extension - same as LC issuance
	SWIFT/Courier	FCY  - INR 750        SFMS / LCY - INR 500
Cancellation of LC(both before and after expiry)	Charges	INR 1,000
	Commission	NIL
	SWIFT/Courier	NIL
SBLC Issuance (FCY/LCY)	Charges	Documentation charge - INR 1,500 (If applicable )
	Commission	1.8% Per Annum, min INR 2,000
	SWIFT/Courier	FCY - INR 2,000        SFMS / LCY - INR 1,000
SBLC Amendment (FCY/LCY)	Charges	Documentation charge - INR 1,500 (If applicable )
	Commission	1.8% Per Annum, min INR 1,500
	SWIFT/Courier	FCY  -  INR 750      SFMS / LCY - INR 500
LC Confirmation	Charges	NIL
	Commission	Same as LC
	SWIFT/Courier	Same as LC
LC advising (FCY/LCY)	Charges	NIL
	Commission	Customer LC INR 1,500/INR 1,000 Amd INR 1,000/INR 750 Non Customer INR 2,500/INR 1,500  Amnd INR 1,500/ INR 1,000
	SWIFT/Courier	Local LC courier INR 100
LC Transfer	Charges	LC trf INR 2,000 LC Amendment INR 1,000
	Commission	--
	SWIFT/Courier	Swift charges of LC to be recovered in case of involvement of Swift
Guarantee	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Guarantee issuance (Financial, Performance)	Charges	Documentation charge - INR 1,500 (If applicable )
	Commission	1.8% Per Annum, min INR 2,000
	SWIFT/Courier	INR 1,000
Guarantee amendment (Financial, Performance)	Charges	NIL
	Commission	1.8% Per Annum, min INR 2,000   -  per month basis and each fraction of month to be collected as full month
	SWIFT/Courier	INR 1,000
Guarantee cancellation	Charges	INR 1,000 for live BG cancellation proicessing charges (before expiry)
Guarantee Advising	Charges	INR 1,500
	Commission	NIL
	SWIFT/Courier	NIL
Shipping Guarantee	Charges	INR 1,000, Documentation charges (If applicable ) - INR 1,500
	Commission	NIL
Import Bills Collection/Under LC/Buyer's Credit/DO	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Import Bills for Collection processing  (to be considered at the time of booking itself. Liquidation charges to be taken as per direct import payment)	Charges	NIL
	Commission	0.25% min INR 2,000
	SWIFT/Courier	INR 1,000
Import Bills for Collection return of docs	Charges	1500 or USD 200 if claimed from Remitting Bank
	Commission	NIL
	SWIFT/Courier	INR 500/INR 1,000
Import direct/advance payment	Charges	NIL
	Commission	0.125% Min INR 1,250
	SWIFT/Courier	INR 500
Import Bills under LC processing	Charges	If discrepant overdue import bill  paid after due date - addl charges of non-import remittance to be recovered
	Commission	0.25% min INR 2,000
	SWIFT/Courier	INR 1,000
Discrepancy Fee	Charges	USD 75 or its equivalent
Penalty for non submission of Bill of Entry	Charges	INR 500 Half Yearly  per BOE
Delivery Order	Charges	INR 1,000
	Commission	NIL
	SWIFT/Courier	NIL
Buyer's Credit processing charges	Charges	NIL
	Commission	LOC / LOU charges @ 1.80% pa Min INR 5,000 (same as BG)
	SWIFT/Courier	INR 2,000
NOC issued to other Bank for Buyer's Credit	Charges	INR 5,000
Countersigning/co-acceptance/availisation of import bills	Charges	NIL
	Commission	1.8 % per annum Min. INR 1,000
	SWIFT/Courier	NIL
NOC issued to other Bank for Buyer's Credit	Charges	INR 5,000
Non Import Remittances	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Non import payment TT	Charges	NIL
	Commission	0.20% min INR 1,000
	SWIFT/Courier	INR 500
Non import payment DD	Charges	NIL
	Commission	0.25% min INR 2,000
	SWIFT/Courier	INR 500
Export Bills for Collection/Discount/GR waiver	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Exports Bills despatch	Charges	NIL
	Commission	0.0625% Min INR 1,500
	SWIFT/Courier	INR 1,000
Export Bills Discounting/Purchase	Charges	NIL
	Commission	0.1%, min INR 2,000
	SWIFT/Courier	INR 1,000
Export Collection to Discount	Charges	INR 750
	Commission	NIL
	SWIFT/Courier	NIL
OverDue Export Bills (Late payment/XOS reporting)	Charges	INR 500 Half Yearly
	Commission	NIL
	SWIFT/Courier	NIL
Exports Bills non despatch	Charges	NIL
	Commission	0.15% min INR 2,000
	SWIFT/Courier	NIL
Exports Bills Regularisation	Charges	NIL
	Commission	0.0625% min INR 1,500 (same for realisation from other bank)
	SWIFT/Courier	NIL
GR waiver/Approval	Charges	INR 1,500
BRC issuance (per Shipping Bill)	Charges	INR 150
Crystallisation Fee	Commission	NIL
Bills returned unpaid	Charges	INR 1,000
	Commission	NIL
	SWIFT/Courier	NIL
Extension	Charges	INR 1,000
	Commission	NIL
	SWIFT/Courier	NIL
Write off	Charges	INR 1,000
Agency Commission	Charges	NIL
	Commission	0.25% min INR 2,000
	SWIFT/Courier	INR 1,000
Advising discrepancy	Charges	INR 1,000
	Commission	NIL
	SWIFT/Courier	NIL
Late submission of documents (after 21 days)	Charges	INR 1,000 to be charged after 21 days
Exporter follow-up docs submission for advance remittance (each and every advance remittance received)	Charges	INR 1,000 Half Yearly per overdue advance remittances.
NOC for discounting with other Bank	Charges	INR 5,000
	Commission	NIL
Crystallisation Fee	Charges	INR 2,000
	Commission	NIL
Export loan disbursement	Charges	INR 2,000
	Commission	NIL
Issuance of various export performance certificate	Charges	INR 500
	Commission	NIL
Export set off against Import payment	Charges	NIL
	Commission	0.40% min INR 2,000 Individually applicable for both legs
	SWIFT/Courier	INR 500
Attestation of Invoice	Charges	INR 250
Bank Certification for application of IEC	Charges	INR 500
Project Export Approvals	Charges	INR 5,000
Local Bills	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Local Bills for Collection (Outward)	Charges	NIL
	Commission	0.35% min INR 1,000
	SWIFT/Courier	INR 100
Local Bills received (under our LC/collection)	Charges	NIL
	Commission	0.35% min INR 1,000
	SWIFT/Courier	INR 100
Local Bills under LC (Outward)	Charges	NIL
	Commission	0.35% min INR 1,000
	SWIFT/Courier	INR 100
Discrepancy Fee	Charges	INR 2,500
Return of Bills unpaid	Charges	NIL
	Commission	Under LC - INR 1,000 Under Coll - 0.35%, min INR 2,000
	SWIFT/Courier	INR 100
Extension of Inland Bills	Charges	INR 1,000
DRUL	Charges	NIL
	Commission	0.25%, min INR 1000
	SWIFT/Courier	INR 100
Signature verification charges (LC issued by us)	Charges	INR 250
Overdue collection bills ( late payment received)	Charges	INR 500 per half-year
Inward Remittance	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Inward Remittance	Charges	NIL
	Commission	NIL
	SWIFT/Courier	NIL
Inward Remittance return of funds	Charges	USD 1 to USD 100 – NIL USD 101 to USD 500 – USD 10 + applicable taxes USD 501 to USD 1,000 – USD 20 + applicable taxes USD 1,000 & ABOVE – USD 50 + applicable taxes
	Commission	NIL
	SWIFT/Courier	NIL
FIRC charges	Charges	200, or duplicate FIRC - 500 + applicable taxes. For Credit Advise sent centrally by e-mail (in lieu of FIRC ) is NIL
Processing of Inward remittances bene acc / name mismatch	Charges	NIL
	Commission	NIL
	SWIFT/Courier	NIL
Capital Account transactions	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
FCGPR, FCGTR (to be taken at the time of first reporting to RBI like Annex 6 )	Charges	INR 10,000
	Commission	NIL
FCGPR,FCTRS (where funds received from other bank)	Charges	INR 30,000
ODI Scrutiny /  filing (to be taken at the time of first remittance)	Charges	INR 10,000
ODI Scrutiny /  filing (where funds received from other bank)	Charges	INR 30,000
ECB (form 83 scrutiny)	Charges	INR 10,000
	Commission	NIL
Weekly / Monthly / Annual Filing with RBI like ECB II /APR/part 4 / Commodity Hedging/ Annual activity cert of branch & liaison office, etc	Charges	INR 1,000
Approval issued by Bank - Hedging, Overseas Branch, etc	Charges	INR 5,000
Transfer of existing UIN / LRN from /to another AD	Charges	INR 25,000
All Products	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Funds trf Nostro to Nostro	Charges	NIL
	Commission	0.25% min 2,000
	SWIFT/Courier	INR 500
Additional Reminder - SWIFT	SWIFT/Courier	INR 500
Additional Commission (over regular charges) in lieu of Non Conversion	Commission	0.15% for EEFC, min 500
Miscellaneous	Charges/Commission/ SWIFT/Courier	HDFC Bank - Revised Trade Charges (wef 1st Sept'14)
Request for approval forwarding to Regulators or Authorised dealers	Charges	INR 1,000
Enquiry related to records more than 1 year old	Charges	750 per record
All other NOCs issued / received to /from other Banks (for Pledge of shares / collections docs, etc)	Charges	INR 1,000
AD Code Certificate issuance	Charges	INR 500
Service tax certificate / Duplicate Advices	Charges	INR 250

* Charges mentioned above are charges levied by HDFC Bank only and does not include any charges that may be levied by originating/correspondent banks.

Please note that Cheques drawn in one currency payable in another country where currency is different will take a longer period to realise and would attract charges of various correspondent banks as per their own tariff schedule over which we do not have any control. For e.g. A cheque drawn in USD payable on a bank in Singapore or Cheque drawn in GBP payable on a bank in South Africa or Cheque drawn in USD payable in Canada.

Goods and Services Tax :

All foreign exchange transactions are subject to levy of Goods and Services Tax (GST), which is payable in addition to the charges mentioned above.

Presently, the applicable rate of GST are as under :-

1. On amount of commission, fees and charges paid - @ 18% of amount of the commission/fees/charges.

2. On amount of foreign currency exchanged � as per below slab :