Advance remittance from importer can be accepted by an exporter in India provided
A. the advance does not carry interest payment.
B. shipment will be made only after one year from the date of receipt of advance.
C. advance does not exceed 25% of export value.
D. rate of interest, if payable, does not exceed Libor plus 1%.
Answer:D
Advance remittance from importer can be accepted by an exporter in India provided
A. the advance does not carry interest payment. B. shipment will be made only after one year from the date of receipt of advance. C. advance does not exceed 25% of export value. D. rate of interest, if payable, does not exceed Libor plus 1%.