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PRODUCT DISCLOSURE SHEET (PDS)INWARD BILLS FOR Collection (WALLAH) Date: ___ [The date is to be filled in by Sales Personnel]1. What is this product about? Inward Bills for Collection (BCI) Wallah
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How to fill out inward bills for collection-i

01
Obtain the inward bill for collection-i form from the bank where the collection process will take place.
02
Fill in the date, company name, address, and other required details of the exporter (drawer).
03
Provide details of the drawee (buyer), including name, address, and contact information.
04
Specify the amount to be collected in the specified currency.
05
Sign the form and submit it along with any supporting documents required by the bank.

Who needs inward bills for collection-i?

01
Exporters who want to collect payment for goods or services from a buyer through a bank.
02
Companies and individuals engaging in international trade transactions.
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Inward bills for collection-i is a document used in international trade to ensure payment is made for goods shipped.
The importer or buyer is typically required to file inward bills for collection-i.
To fill out inward bills for collection-i, the importer must provide details of the shipment, including invoice number, description of goods, and payment instructions.
The purpose of inward bills for collection-i is to ensure that the importer pays for the goods before they are released.
Information such as invoice number, description of goods, amount due, and payment instructions must be reported on inward bills for collection-i.
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