1. For imports of textiles into Nepal from India, 50 per cent of the payment is made in advance (after signing the contract) and the remaining 50 per cent is paid after receiving the cargo. These payments are made through bank drafts. 2.To issue a bank draft in favour of an exporter, the Nepali importer approaches a Nepali bank with a performa invoice, the original contract and an application form. After checking the documents, the importer’s bank issues a draft in favour of the exporter. The importer then sends the bank draft to the exporter, who presents the bank draft to his/her bank in India and collects the money.
