In this mode of payment the supplier or seller, surrenders documents to his/her drawer’s bank after which the documents are automatically forwarded to the importers on collection basis.

Required documents for Import – Cash Against Document (CAD) approval

  • One set of import application.
  • Three copies of proforma invoices.
  • Valid trade licenses.
  • Tax Identification Number (TIN) Certificate.
  • Insurance certificate.
  • Three copies of chamberized invoice, certificate of origin, and packing list.
  • Three copies of shipping documents (i.e. Bill of Lading, Airway Bill, Truck Manifest, Railway Bill, Courier etc. and/or carrier freight invoice).
  • Quality Standard code of products (CIQ) certificate in case of import from China.

Required documents for Export – Cash Against Document (CAD) approval

  • Valid trade license for export.
  • Tax identification number (TIN) certificate.
  • A copy of sales contract.
  • Three copies of invoices.
  • One set of export application.
  • Undertaking letter stating the exporter’s obligation to repatriate full amount of the export proceeds in foreign exchange.