I Form VS E Form

If you are an international trader, or planning to start internatioanal trader, it is very important to have working knowledge of Form E and Form I.

Form E or export form is a mandatory declaration to the bank that the export is made against foreign currency. This currency (foreign exchange) may have already arrived or is contracted to arrive in future.

It is a kind of binding document to repatriate foreign exchange. On the contrary, I-form is an import form where the state bank will be receiving money and paying to foreign exporter in dollars. Both of these forms are issued through Weboc,