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What is the settlement of the import bill?

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What is the settlement of the import bill?

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The importer settles the import bill in the following ways.

  1. Importer collects shipping documents after payment.
  2. Importer gets shipping documents after payment of bills of exchange in the case of Documents against payments (D/P).
  3. Importer gets shipping documents after giving acceptance on bills of exchange in the case of Documents against Acceptance(D/A).
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