1 Importer applies for fund transfer in their own bank along with following documents - Payment application - Commercial invoice - Importer's import license number - Custom clearance certificate of importer border custom 2 Bank official verifies submitted document 3 If documents are correct bank requests importer to deposit the fund 4 Importer deposits the fund 5 Fund transfer by importer bank to exporter bank 6 Exporter bank receives and transfers the fund to exporter's account 7 Exporter receives balance payment
