DPX 2フォームのガイド

Export of goods and services forms an important part of the economy of every country, whether developing or developed, as exports bring foreign currency to the country. Since, a country is providing its resources to another country, therefore, government makes all the efforts that corresponding foreign currency flows into the country at the earliest. For this purpose, various regulations are provided under Foreign Exchange Management Act (FEMA). As per FEMA, foreign currency with respect to export of goods and services should be brought into the country within 9 months from date of export.

However, there can be certain genuine transactions where consideration can’t be realised within the time frame provided under FEMA. The Exports for which payment is collected, whether full or in part, beyond the time period permitted under FEMA are known Deferred Payment exports. Deferred Payment contracts are permitted for various contracts such as Turnkey Projects, Civil Construction contracts etc. However, before entering into deferred payment contracts, the exporters are required to obtain prior approval from Authorised Dealer or Reserve Bank of India.

Following is the sequence of forms filed for obtaining approval for Deferred Payment Contracts:

1. DPX-1: Application filed by Exporter after award of contract for export on deferred Payment/Turnkey basis.
2. DPX-2: Banker’s comments on the application in Form DPX 1 submitted by the exporter for export on deferred payment/turnkey basis
3. DPX-3: Progress Report from Exporter

In this article, a detailed discussion has been carried out of Form DPX-2.

1. What is Form DPX 2

• When an exporter files an application in Form DPX-1 for export on deferred Payment Basis/Turnkey basis then in such case, Banker may provide his comments on such application.
• Banker’s Comments are provided in Form DPX-2.

2. When is Form DPX-2 filed

• According to Paragraph B7 (vi) of PEM, in cases where the value of the contract proposal exceeds U.S. Dollar 100 Million, Form DPX-2 is submitted by Authorised Dealer alongwith Application in Form DPX-1 and copies of contract with Various institutions and Reserve Bank of India for approval purpose.
• Upon receipt of such an application, Exim Bank will convene a meeting of the Working Group within a week of the receipt of the application to consider the final terms and conditions of the contract and to grant a package post-award clearance for the contract.  
• Copies of the letter of approval issued by Exim Bank will be forwarded to all members of the Working Group, concerned Regional Office of Reserve Bank of India and exporter's bankers for necessary action.

3. What information and documents does one need in hand to file Form DPX 2

Every document needs to be filled with utmost importance and attention to avoid any room for misfortunes. Producing the most transparent form with all the information that is true to your knowledge is crucial under Form DPX 2.

As mentioned above, DPX-2 is filed by the Banker, therefore, export should provide the information in Form DPX-1 with utmost care. Following are the information provided under form DPX-2 by the banker:

a. Comments on the Exporter

• Management of the exporter
• Export Performance
• Financial Position of the Exporter- Banker submits operational/Financial indicators based on past 3 years' financial statements alongwith brief comments on same.
• Past experience of the exporter, if any, relating to deferred payment or turnkey exports 

b. Comments on the Export contract 

The Banker shall provide comments on following details of export contract:

• The Buyer - Here, Status reports are required to obtain on non-Govt. Buyers. 
• Brief comments (qualitative) may be furnished. inter alia, the following aspects :

1. Scope of work
2. Payment terms
3. Security for payments 
4. Foreign exchange outgo/cash inflow comparison (for deferred payment offers) 
5. Exchange Risk
6. Provision for cost escalation, arbitration, liquidated damages, etc. 

C. Comments on Sub-suppliers 

The banker provides brief comments on the major sub-suppliers covering their :

• 過去の実績、
• 社会的信用、
• 価値、および
• 各下請契約の業務範囲。

d. 輸出契約の収益性に関するコメント

この小見出しの下に、コスト収益性の計算に関するコメントを記載してください。

e. 必要な銀行融資枠に関するコメント

• フォームDPX 1に記載された信用供与／保証枠の要件に関するコメント。
• 参加の取り決め
  • 各融資枠への輸出入銀行やその他の商業銀行の参加が必要かどうか、また
  • 必要な場合、その参加範囲
  • 銀行が規定を希望する主要な条件についても記載可能です。

上記の情報以外に、申請に関連するその他の情報がある場合は、この小見出しの下に記載してください。

4. 重要な留意点

• 予期せぬ遅延を避けるため、上記の情報をあらかじめ手元に用意しておいてください。
• 提出前にすべての情報を必ず確認してください。
• フォームDPX-2に正確に記入するためには、フォームDPX 1を理解しておくことが重要です。こちらの記事でフォームDPX 1の概要をご確認ください。